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FDA allows yogurt manufacturers to highlight type 2 diabetes risk reduction claims

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The US Food and Drug Administration (FDA) has authorized yogurt manufacturers to highlight that their products may reduce the risk of type 2 diabetes.

According to a statement on March 1st, the FDA stated that it would not oppose specific claims as long as they are accurately worded to avoid misleading consumers and meet other necessary criteria for claim usage.

The food safety regulator described a qualified health claim as one that is backed by scientific evidence but doesn’t meet the stricter “significant scientific agreement” standard necessary for an authorized health claim.

Danone, a dairy giant, had filed a petition for a qualified health claim with the FDA, urging the agency to assess the connection between consuming yogurt and lowering the risk of type 2 diabetes. The FDA has since concluded that there is “credible evidence” supporting this association.

Continue Exploring: Dairy-free yogurt producer The Coconut Collaborative secures £1.5 Million in Series B funding for growth

According to the US regulator, a minimum of three servings of yogurt per week is required for this claim to be considered credible.

The decision arrives as an increasing number of US citizens are turning to GLP-1 weight-loss medications in their fight against the disease.

In November, a survey conducted by US investment bank Stifel emphasized the growing use of GLP-1 weight-loss drugs.

Stifel determined that there is a potential risk to the packaged food sector due to the heightened utilization of drugs, notably Ozempic and Wegovy, produced by Danish pharmaceutical company Novo Nordisk.

According to recent research by Trilliant Health, approximately nine million Americans were using a GLP-1 anti-obesity drug by the end of 2022, and Stifel’s survey indicates that this figure could now be significantly higher.

The bank’s research revealed that 15% of respondents over a three-survey average used a GLP-1 drug, with an additional 21% reporting they would be interested in using one if they were universally FDA-approved for weight loss, had proven results, and became widely available.

Continue Exploring: Dairy brand Epigamia focuses on profitability, targets 25% year-on-year growth in FY24

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Sports nutrition brand Warrior diversifies portfolio with Protein Water launch

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Warrior
Protein Water

Sports nutrition brand Warrior has added a new protein water product to its portfolio of high-protein snacks and supplements.

The high-protein, low-calorie beverage comes in two flavors: tropical and berry. Each bottle is enriched with essential vitamins and electrolytes for enhanced hydration. Additionally, it contains ten grams of collagen peptides, providing nourishment for skin, hair, and nails.

Continue Exploring: Califia Farms launches plant-based milk matching dairy nutrition levels

Warrior’s protein water is free from sugar and has under 50 calories per 500ml bottle. Both flavors are suitable for vegetarians and vegans, and they are also free from genetically modified ingredients.

Kieran Fisher, founder of Warrior and parent company KBF Enterprises, commented, “Last year was a phenomenal year for product innovation and we are thrilled to be starting 2024 by introducing Warrior Protein Water to the market”.

He added, “This provides an easy and convenient solution for people to boost their protein intake whilst on-the-go and we are confident this new addition will excite new and existing customers”.

The protein water is available online and at selected SPAR stores across the UK.

Continue Exploring: Bain Capital invests in sports nutrition company 1440 Foods, boosting active lifestyle market

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Coca-Cola HBC Northern Ireland to acquire BDS Vending Solutions

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Coca-Cola
Coca-Cola

Coca-Cola HBC Northern Ireland has agreed to acquire 100% ownership of BDS Vending Solutions for an undisclosed sum.

Established in 1993, BDS Vending manages around 2,000 vending machines, offering food and beverage vending services across Ireland. After the deal’s finalization, founders David Mullan and Brian Berry will assist in the transition of BDS Vending’s ownership.

As per the company’s statement, acquiring BDS Vending is in line with Coca-Cola HBC’s strategy to enhance its route-to-market capabilities, particularly in last-mile delivery. Additionally, it presents opportunities across a wide array of cold and hot beverages as well as snacks.

Continue Exploring: Coca-Cola’s top brass set to make high-stakes visit to India with 200-member team

Coca-Cola HBC stated that BDS Vending provides “a valuable foundation, equipped with proven technology and services,” which Coca-Cola HBC intends to leverage for developing further capabilities across its markets.

The completion of the transaction is contingent upon approval by the Competition and Consumer Protection Commission in Ireland, with expectations for it to be finalized in the upcoming months.

Terms of the deal were not disclosed.

Continue Exploring: Mexican Coca-Cola bottler FEMSA outlines bold capital allocation strategy for future growth and shareholder returns

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Anant Ambani and Radhika Merchant wedding extravaganza: 21 Indore-based Chefs to craft culinary delights for pre-wedding celebrations!

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Anant Ambani and Radhika Merchant
Anant Ambani and Radhika Merchant

Since the announcement of the wedding between Anant Ambani, the youngest member of the Ambani family, and Radhika Merchant, daughter of Indian businessman Viren Merchant, there has been significant buzz surrounding the event. Anant Ambani is renowned for his dedication to animal welfare, while Radhika Merchant is passionate about the classical Indian dance form Bharatnatyam. With attention focused on every detail from the guest list to the gifts and food, the upcoming wedding promises to be an extravagant affair. The couple, Anant and Radhika, were engaged in a traditional Gol Dhana ceremony in January of the previous year, and their wedding is scheduled to take place on July 12th.

According to media reports, the pre-wedding celebrations are scheduled to take place from March 1st to March 3rd in Jamnagar, Gujarat. An estimated 1,000 guests are expected to attend the festivities. The three-day event will feature various themes and dress codes, following a pre-planned itinerary. The first day, themed ‘An Evening in Everland’ (March 1st), calls for evening cocktail attire. On the second day, guests will experience ‘A Walk on the Wildside’ (March 2nd), followed by activities at Mela Rouge with a ‘jungle fever’ dress code. The final day includes two events named ‘Tusker Trails and Hashtakshar’ (March 3rd), where guests will explore the beauty of Jamnagar and dress in ethnic Indian attire for Hashtakshar.

When it comes to the cuisine served during the pre-wedding ceremonies, reports suggest that a team of 21 chefs from Indore will be crafting delectable dishes for the guests. These three days are anticipated to offer the ultimate culinary delight for those attending the festivities.

Continue Exploring: From Panipuri to Rajasthani delights: Inside Parineeti Chopra and Raghav Chadha’s luxurious wedding feast

According to ABP News, the chefs have been recruited from the Jardin Hotel. Among the 21 chefs, only one is male, while the remaining 20 are female. The Director of Jardin Hotel revealed to the media outlet that over 2500 dishes will be prepared during the three-day pre-wedding celebrations. The menu will feature a diverse range of cuisines including Japanese, Thai, Mexican, and Parsi Thali, in addition to Pan Asian cuisine.

Providing further details, Sharma revealed that there will be 75 varieties of dishes for breakfast, over 225 varieties for lunch, 275 varieties for dinner, and 85 items included in the midnight meal. The midnight meal is scheduled from 12 midnight to 4 am, and meticulous arrangements have been made to ensure that no item is repeated throughout the duration.

Guests can look forward to a dedicated Indori Sarafa food counter, featuring authentic dishes from Indore such as Indori Kachori, Bhutte Ka Kees, Khopra Patties, Upma, and Indori Poha Jalebi. Additionally, the chefs will bring spices from Indore to ensure an authentic Indori flavor, as reported.

According to media reports, the roster of confirmed attendees for the eagerly anticipated pre-wedding celebrations includes prominent figures such as Facebook CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, former Microsoft CEO Bill Gates, Walt Disney CEO Bob Iger, Morgan Stanley CEO Ted Pick, Adobe CEO Shantanu Narayen, BlackRock CEO Larry Fink, and Bank of America Chairman Brian Thomas Moynihan.

Furthermore, numerous distinguished individuals from the realms of sports and entertainment, both in India and abroad, are set to honor the occasion with their presence.

Renowned Bollywood luminaries including members of the Bachchan family, Shah Rukh Khan, Aamir Khan, Salman Khan, Ranbir Kapoor, Alia Bhatt, Deepika Padukone, and Ranveer Singh are among the esteemed guests expected to grace the event. Additionally, star performers such as American pop icon Rihanna and India’s singing sensation Arijit Singh will captivate the audience with live performances.

Kicking off the pre-wedding festivities, the Ambani family recently performed the Anna Seva (community food service) in villages located around Jamnagar.

Continue Exploring: Hotel chains ride the wave of India’s wedding tourism surge with innovative offerings

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Myntra secures $54 Million investment boost from parent company Flipkart

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Myntra
Myntra

Myntra has recently secured a $54 million investment from its parent company Flipkart. This infusion of funds comes at a crucial time for the online fashion platform, as it grapples with intense competition from rivals such as Reliance’s Ajio and Tata Cliq.

As per regulatory filings in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the funds in January, marking the second investment from Flipkart within a year. In March 2023, Flipkart had injected $105 million into Myntra.

Myntra did not provide a response to an email requesting comment.

In the fiscal year ending on March 31, 2023, Myntra recorded a 25% increase in operating revenue compared to the previous year, reaching INR 4,375 crore. However, despite this growth, the net loss expanded to INR 782 crore.

Continue Exploring: Myntra navigates retail slowdown with over one new international brand weekly, records 25% revenue growth in FY23

In January, Myntra’s India unit, Myntra Designs Pvt Ltd, received INR 689 crore (approximately $83 million) from FK Myntra Holdings, a Singapore-based entity.

Myntra has been actively expanding its range of international brand collections, particularly focusing on premium offerings experiencing rapid growth. Meanwhile, there has been a recent downturn in demand for online fashion in the lower-price segments.

On February 9, it was reported that Myntra would exclusively retail products from the Turkish brand Trendyol, owned by the Alibaba group. Then, on February 14, the French apparel brand Kiabi made its entry into the Asian market through a collaboration with Myntra in India.

As of the latest report on January 24, Myntra’s portfolio comprises over 420 global brands, with approximately a quarter of its revenue generated from these international labels. This marks a significant increase from two years ago when it had 280 international brands in its lineup.

The fashion e-commerce platform has shifted its focus towards specific private labels instead of expanding its array of in-house brands in the apparel sector. In line with this strategy, Myntra conducted a restructuring initiative last July, leading to the termination of 50 employees.

According to a research note by Bernstein in January, Myntra held a 55% market share in the fashion e-commerce segment based on monthly active users (MAUs). Reliance-owned Ajio, meanwhile, maintained its user acquisition momentum, securing approximately 33% market share. Nykaa Fashion, operated by the publicly listed company FSN E-commerce Ventures, accounted for roughly 6% of the MAU share. “In December 2023, Myntra exhibited the highest growth rate amongst peers at 25%,” the report said.

However, according to the report, a closer look at the business suggested that users on Myntra’s app were not transacting as much as previous trends. Myntra’s gross merchandise value grew only 12% in FY23 as compared to 35% in FY22, Bernstein noted.

“The fashion market is extremely fragmented offline, and the online market is seeing similar trends with multiple players emerging to gain share,” it added.

Flipkart’s investment in Myntra has come close on the heels of the horizontal marketplace itself receiving a $600 million commitment from US-based parent Walmart, as part of a $1 billion funding round.

Continue Exploring: Myntra teams up with Simpl to bring 1-tap checkout convenience to shoppers

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Tiger Brands announces major restructuring, divides operations into six business divisions for increased efficiency

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Tiger Brands
Tiger Brands

South Africa’s Tiger Brands has reorganized its organizational structure into six business units, with the goal of “improving profitability.”

The food conglomerate has established divisions for bakeries, grains, culinary, treats and beverages, home and personal care, snacks, and baby food. Each division will report directly to the CEO through designated executives.

Tiger Brands further mentioned that it is implementing restructuring below the newly appointed managing directors for the various units. In a trading update, the company stated its expectation to finalize the second phase of the restructuring by the end of its second quarter.

The group also stated, “The renewed focus on rationalising SKUs will reduce complexity, resulting in manufacturing and procurement efficiencies in due course. Additionally, achievements in portfolio and SKU rationalisation are expected to reduce the number of brands requiring support, allowing for more focused investment yielding a higher return on investment.”

Continue Exploring: Tiger Brands charts course for sustainable growth with new CFO and portfolio revamp

In the filing, the company said, “Tiger Brands’ domestic performance reflects the difficult trading environment, with inflation in food and non-alcoholic beverages rising ahead of CPI. Prices of essential items such as sugar, vegetables, meat, eggs, and rice surged by almost 20% (Stats SA). As a result of the higher inflation over the period, consumer shopping habits shifted towards buying more on promotion and limiting their spend to essentials.”

Group revenue for the four months ended 31 January 2024 declined by 1% year-on-year, driven by volume declines of 8% offset by price inflation of 7%. The grains unit experienced volume regression across all segments, “due to a difficult trading environment,” the group noted.

Within the consumer brands division, year-on-year volume growth was achieved in the snacks, treats, and baby segments, as well as “strong volume growth” in beverages.

Groceries saw a decline in volume due to “absolute volume declines across categories.”

In Tiger Brands’ full-year results up to 30 September, it disclosed a 10% rise in revenue to R37.4 billion ($2 billion), but highlighted “low to no growth” for the upcoming fiscal year.

Tiger Brands’ operating profit also experienced a decline, as anticipated in October. It dropped by 9% to R3.1 billion for the year.

Earnings per share fell by 2% to 1,725 South African cents, contrasting with the 2-9% lower projection highlighted in October.

Last year, South Africa grappled with frequent power outages, known as load-shedding, attributed to insufficient investment in the country’s electricity infrastructure. This situation has led to a series of profit warnings from companies like Tiger Brands, Astral Foods, and Libstar, among others.

Continue Exploring: Hindustan Unilever prioritizes beauty and digital capabilities in strategic restructuring for future growth

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Nestle unveils irresistible ice cream-inspired confectionery lineup!

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Nestle
Nestle

Nestle has launched four new ice cream-inspired variations of some of its most popular confectionery.

The F&B giant introduced its latest creation, the Aero Neapolitan sharing bag, drawing inspiration from the beloved trio of ice cream flavors. Inside the new bag, you’ll find Aero’s iconic bubbly chocolate in delightful strawberry, chocolate, and vanilla melts.

The latest lineup also features a Munchies Cookie Dough sharing bag, where the traditional soft caramel and crispy biscuit filling of the brand are substituted with a delectable cookie dough-flavored center encased in a chocolate biscuit shell.

Continue Exploring: Nestlé launches first-ever ethically sourced KitKat

The third product is a twist on Nestlé’s popular Milkybar brand – the creamy buttons have been given a raspberry ripple flavour twist to create the new Milkybar Raspberry Ripple sharing bag, filled with marbled white and pink raspberry-flavoured buttons.

Finally, Nestlé has reimagined its Rowntree’s Randoms sweets by introducing new foamy Randoms cones in strawberry and biscuit, and vanilla and biscuit flavors.

Cat Mews, brand manager at Nestlé, said, “We’re so excited to introduce our new Nestlé sharing bag range. Taking inspiration from those classic frozen flavours that we all know and love, we’ve developed some nostalgic taste combinations that chocolate fanatics will be sure to love.”

The latest selection is now on shelves, ready for purchase at leading supermarkets throughout the UK.

Continue Exploring: Nestlé India collaborates with SOCIAL and BOSS Burger to debut MAGGI’s plant-based menu across major cities

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Heinz partners with Paramount to release exclusive ‘The Godfather’ inspired pasta sauce

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The Heinz & The Godfather pasta sauce
The Heinz & The Godfather pasta sauce

Heinz has collaborated with Paramount, the American film production company, to craft a fresh pasta sauce drawing inspiration from the iconic mafia film, The Godfather.

Heinz & The Godfather pasta sauce features the ingredients mentioned by the character Peter Clemenza in the film, as he teaches Michael Corleone to cook the perfect sauce.

Heinz crafts the pasta sauce by using sun-ripened tomatoes sourced from their trusted suppliers in Italy. These tomatoes are simmered with olive oil and garlic, and then enhanced with meatballs and sausage, seasoned to perfection with salt and pepper.

Continue Exploring: Kraft Heinz sees 7.1% decline in Q4 net sales despite pricing uptick; CEO remains optimistic for 2024 growth

Caio Fontenele, Heinz’s new ventures director, said, “Paramount Pictures’ The Godfather remains one of the greatest films in cinema history. And, after we watched Clemenza teaching Michael how to make his perfect pasta sauce, alongside seeing a rising trend on social media of people replicating recipes from their favourite films and TV series at home, we knew it had to be Heinz that finally brought this iconic recipe to the nation.”

Rebecca Jenkins, VP of Consumer Products for Paramount Global, added, “At Paramount, we are always looking for new and innovative ways to bring our beloved stories and characters to fans. Our collaboration with Heinz brings one of cinema’s most iconic meals from the big screen onto dinner tables.”

The Heinz & The Godfather pasta sauce is presently exclusively available at Waitrose stores nationwide for a limited five-week period, priced at £3 per 490g jar.

Continue Exploring: Taco Bell and Kraft Heinz unveil craving kits, allowing fans to recreate iconic fast-food flavors at home

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The Body Shop teams up with Diana Penty to launch British Rose Collection in India

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Diana Penty
Diana Penty

The Body Shop, a UK-based ethical beauty brand, has partnered with Indian actress Diana Penty to endorse its British Rose body care line within the Indian market, the company announced in a press release on Friday.

“We are delighted to announce Diana Penty’s collaboration with The Body Shop for our exciting digital film showcasing the iconic British Rose range with 100% vegan product formulations,” said Harmeet Singh, vice president – product, marketing and digital at The Body Shop India.

Through this collaboration, The Body Shop aims to diversify its consumer base and tap into previously unexplored markets across India. This strategic partnership is intended to drive sales of its British Rose bath and body collection, encompassing an array of products such as shower gel, body butter, body yoghurt, and perfume.

Continue Exploring: The Body Shop Joins ONDC network, expanding reach of vegan beauty products across India

“The initiative aims to convey that love encompasses many experiences nurturing a sense of ease within oneself. With its versatile selection, our goal is to broaden our customer base, nurturing loyalty among existing patrons and reaching out to new audiences,” added Singh.

“I am thrilled to be part of The Body Shop’s latest campaign, with British Rose, a nature-inspired floral touch. I’m glad to support a brand that prioritises both environmental responsibility and personal well-being,” said Penty.

Established in 1976 in Brighton, England, by Dame Anita Roddick, The Body Shop operates approximately 2,500 retail outlets across over 80 nations.

Operating in India since 2006, The Body Shop is managed by Quest Retail Pvt Ltd, a cosmetic manufacturing company headquartered in Delhi. Presently, The Body Shop boasts over 200 stores spread across 75 cities nationwide.

Recently, Quest Retail said to media that the Indian operations of cosmetics firm The Body Shop will not be impacted by the restructuring in the UK.

Continue Exploring: No impact on The Body Shop India amid UK restructuring, assures Quest Retail

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