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Plant Based Meat: A Complete Guide For Meat Lovers

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Plant Based Meat

Plant Based Meat is the new kid on the block who’s slowly taking the spotlight. While meat lovers may find it hard to give up their fandom for chicken or bacon, here’s the thing: the vegan substitute is catching up at a meteoric speed, in taste, price point as well as variety. Over the last two years, we have seen more brands come up with innovative solutions to introduce vegan alternatives into the meat scene, while gradually making their way into our kitchens and palates. Yet, many of us are either still holding on to the traditional idea of animal products or haven’t fully explored this rising star in the grocery store aisles.

If you’re new to the whole concept of plant based meat, and can’t fully make sense of it, don’t worry- I’ve got you covered with a complete overview of why we need it, how it’s making a positive impact on the world, health benefits and how is it going to seamlessly replace the lesser eco-friendly options without letting you compromise on your taste buds

What Is Plant Based Meat? 

When we think of “meat”, the only association our mind is used to making is an animal derived food product. Fortunately, with advancements in food technology, the food industry has been able to come up with an answer to all our environmental concerns with respect to animal meat. It’s like meat, but without harming animals- pretty cool, right?

Plant Based Meat Manufacturing

The first plant based protein foods to take over the market, and win our hearts, were Soya and Tofu. But over time, we have been able to go beyond our soyabean derived foods. Thanks to the creative expertise of food scientists, we now have more plant based options that resemble real meat in taste, texture and appearance. While soy and tofu are still commonly used ingredients to prepare plant-based meats, there are other ingredients like seitan, potato starch, pea protein, lentils, beans, coconut oil, seeds, nuts and vegetables.

So can you have plant-based meat on festivals, religious ceremonies, vegetarian fasts and events? The answer, is a 100% Yes.

The Challenge That Comes With Animal Meat

You might question the urgency and the sudden hype about Plant Based Meat. Let me break it down for you.

For many years, we have been consuming meat. Going back in time a few years, the human population was in check, and our greed and appetite were limited by availability. But with the population skyrocketing and every person having access to every resource from across the world, we have become oblivious to the survival of our planet. We are expected to reach a global population of over 10 billion within the next 2 years, and we can only see it accelerating from there.

Each generation that reaps the Earth’s benefits needs to make sure we’re not totally stripping it of everything it’s got. Even if you’re only consuming meat once or twice everyday, with the number of people holding on to that belief and commitment, guaranteeing survival for everyone after a few years is getting harder, and animal meat is one of the top reasons causing it.

GreenHouse Effect

  1. More than 66 billion chickens, 300 million cows, and 1.5 billion pigs are slaughtered for global consumption every year. That’s a staggering number, highlighting the immense scale of animal agriculture.
  2. Producing industrial meat comes at a cost. Farmers need to feed this massive number of animals, and for that, they are clearing forests by cutting downs trees or setting forest fires to clear the land to grow animal feed.
  3. The production of meat demands significant energy, from raising animals to their transportation and eventual slaughter. To put it in perspective, the energy required to produce 2.2 pounds of beef could power a 100-watt lightbulb for twenty days.
  4. Much of the livestock is fed with the same foods as consumed by humans, like corn and soy. If the produce is redirected towards humans, it could end world hunger.
  5. 1/3rd of the global land that is suitable for agriculture, is used by livestock. According to research, if everyone went vegan, the land used for livestock could be reduced to 1/4th.
  6. According to the United Nations, the meat sector contributes to as much as 18 percent of all global greenhouse gas emissions, which is one of the major reasons causing global warming.
  7. Meat products have a significantly higher water footprint compared to vegetables, beans, and other plant-based items. The production of meat requires more water resources, contributing to the overall environmental impact associated with meat consumption.

Putting all these issues into perspective, it gets a little easier to estimate where we’re headed as a global race. Now that we have all these alternatives to help save our party, here’s a few more reasons to add in favour of plant based meat.

Health Benefits

Plant Based Meat Benefits

Other than the solutions that plant based meat offers to the challenges the world is facing due to overproduction of animal meat, there are a few health benefits that can be taken into consideration while making a choice.

  • Since plant based meat is lighter in terms of calories, it is the way to go for weight loss
  • Choosing the right options (ones that contain soybean, legumes and lentils) ensure that our daily need for protein is matched.
  • It is carcinogen safe. The World Health Organization (WHO) has expressed concerns about carcinogens present in red and processed meats, indicating a potential increased risk of cancer associated with their consumption.
  • Plant Based Meat may also help prevent various health issues, such as hypertension and cardiovascular disease.
  • Some manufacturers have also started adding Vitamin B12 to their mix, which is an essential nutrient for human health.

Now that you have answers to every question that might tamper with your decision in picking up plant based meat at the grocery store, I’m going to ask you to give it a try!

Make this decision for yourself, and your families, for our planet and for the generations to come who are going to inhabit it.

The Best Source of Vegetarian Protein for You is Extremely Affordable and Organic

 

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Portuguese brand Parfois enters Indian market with over 250 fashion products via Myntra

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Parfois

Parfois, the Portuguese fashion accessories brand, has officially entered the Indian market through a strategic partnership with Myntra, as revealed in a press release on Tuesday.

To kick off, the brand will present a selection of more than 250 handbags, totes, and slings, with an average selling price set at INR 2,000.

“We are thrilled to introduce Parfois to our customers, and thus further enhancing the appeal of our international brands’ portfolio, especially as we ramp up our global accessories segment,” said Jayanti Ganguly, vice president – business at Myntra.

Additionally, the brand will utilize Myntra’s on-app channels in conjunction with Myntra’s social media and social commerce features. As part of the brand’s launch promotions, customers will enjoy perks such as a flat 20% price reduction.

Established in 1994 by Manuela Medeiros, Parfois specializes in a wide range of products, including bags, shoes, apparel, and accessories such as jewellery, sunglasses, scarves, hats, and gloves.

“From Parfois, we are very excited to launch our brand in one of the most important markets, India. The opportunity to build Parfois globally is one of the most important steps for our growth in international markets,” said Susana Sánchez, chief executive officer of Parfois.

“We hope that with Myntra as our partner, that opportunity will likely turn into an amazing experience for having new customers and opening new regions around the world,” Sánchez added.

Experiencing growth since 2010, the brand achieved a significant milestone in 2019 by expanding its reach to 1,000 stores. Currently, it has a presence in over 70 countries worldwide.

Bengaluru-based Myntra boasts a collection of over 2.3 million styles from more than 6,000 domestic and international brands. The diverse offerings span across categories such as fashion, beauty, lifestyle, encompassing home, luggage, travel accessories, as well as watches and wearables.

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Ferns N Petals expands into F&B industry with the launch of The U Kitchen

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The U Kitchen

Ferns N Petals has diversified its business ventures by stepping into the food and beverage industry with the introduction of The U Kitchen (Luxury Catering).

This strategic move marks a noteworthy milestone in the brand’s expansion, extending its services to cater to the diverse preferences of customers during various festive occasions.

Operating from its central hub in Delhi-NCR, The U Kitchen offers a global culinary experience that transports diners through a diverse array of cuisines, including European, Asian, Korean, Japanese, Continental, French, India’s street fare, and a rich selection of regional Indian dishes.

They are committed to satisfying diverse palates, offering a blend of flavors ideal for various occasions, including birthdays, get-togethers, weddings, and other special events.

“With the introduction of The U Kitchen, Ferns N Petals aspires to elevate its legacy into the realm of culinary excellence across India. U Kitchen isn’t merely a luxury catering service; it embodies a harmonious blend of flavors, a delightful journey of taste, and a tribute to the art of gastronomy. Each dish crafted at U Kitchen is a celebration, transforming every meal into a cherished memory for our patrons,” said Vikaas Gutgutia, Founder & MD of Ferns N Petals.

The U Kitchen is poised to make a significant mark on the catering industry, with the goal of effectively catering to over 10,000 guests simultaneously by December 2023.

The brand is headed by Dineshwar Chauhan, a seasoned hotelier with more than two decades of culinary expertise gained from renowned hotel chains like Taj Hotels, Le-Meridien, Devere Hotels (UK), Hilton Hotels (UK), The Claridges, and others. Dineshwar Chauhan serves as the Brand Head of The U Kitchen.

Under the guidance of Dhruv Sharma, Vice President of FNP Weddings & Events, this expansion marks a significant milestone in the brand’s development.

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Spice Lounge secures $1 Million through Klub, sets sights on major expansion across India by 2024

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Buffalo Wild Wings
Buffalo Wild Wings (Representative Image)

Spice Lounge, the primary franchise operator for Buffalo Wild Wings, a well-known American Sports Bar franchise celebrated for its delicious wings and lively sports ambiance, announced today the successful fundraising of $1 million through Klub, India’s leading Revenue-Based Financing platform.

The infusion of funding marks an exciting new chapter for Spice Lounge, as it has teamed up with Klub to oversee a mandate to raise an additional $10 million for its expansion plans in 2024.

“This infusion of funds comes at a pivotal moment for us as we continue our expansion journey in India. We are grateful for the partnership with Klub, which aligns with our vision and recognises the potential of our brand. Our new outlets aim to offer an unforgettable experience, bringing together great food, camaraderie, and the thrill of sports under one roof,” shared Mohan Karleja, Managing Director, Spice Lounge.

With recent financial support, Spice Lounge has swiftly inaugurated two new outlets, including its latest venture nestled in South Bangalore at the Falcon City Mall. These openings signify the brand’s dedication to bringing its signature flavors and spirited ambiance to additional cities.

The allocation of the raised funds primarily focuses on financing new stores, guaranteeing that each upcoming outlet reflects the brand’s unique essence. The franchise aims to establish 25 outlets in India by 2024, spanning across Tamil Nadu, Kerala, Goa, Maharashtra, and Delhi-NCR. Presently, Buffalo Wild Wings operates eight outlets in India, located in Hyderabad and Bangalore.

Spice Lounge aims to transition to a Quick Service Restaurant (QSR) model in 2024, projecting a revenue of INR 150 crores by the end of FY25. Notably, the brand served as the official club partners for Sunrisers Hyderabad in the IPL seasons of 2022 and 2023.

“Store financing plays a crucial role in the dynamic restaurant & hospitality sector especially after the pandemic has subsided with FY22 growth being 11% more than FY20, and Klub is dedicated to addressing this need. Our collaboration with Spice Lounge underscores our commitment to supporting visionary brands. We believe this partnership sets a significant precedent, highlighting the potential for sustainable growth through Revenue Based Financing,” added Anurakt Jain, Co-Founder and CEO at Klub.

Significantly, this partnership establishes Klub as the first Revenue Based Financing player in India to finance an American franchisee, reinforcing its standing as an innovator in the financial technology landscape.

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Flavourful Adventure: Exploring the Maharashtra’s Cuisine Beauty!

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Vada pav
(Representative Image)

From the sizzling streets of Mumbai to the rural villages, From the famous Vada Pav, the Mumbai burger, to the spicy Misal Pav, Maharashtra’s Cuisine is a true representation of India’s diverse culinary heritage. The cuisine makes you indulge in the rich and buttery Puran Poli, a sweet flatbread filled with a mixture of chana dal and jaggery, and the flavorful Bharli Vangi, stuffed eggplants in a spicy masala. 

Maharashtrian cuisine in itself is a true explosion of many flavours! One of the major specialities is the unique spice blend, the famous Goda Masala. This blend of cinnamon, cardamom, cloves, nutmeg, coriander, and other spices creates a depth of flavour in every dish. 

Beauty of Maharashtra’s Cuisine!

Street food is another attraction across the region. With dishes like the famous Vada Pav, Mumbai burger, and Tangy Bhel Puri, the Maharashtrian street food is a total deal alone. Coastal areas of the region also boast an array of seafood delicacies like crispy Pomfret Fry and spicy Surmai Fry. 

And for those who prefer vegetarian dishes, Maharashtrian cuisine offers a range of delicious options, from the creamy Sabudana Khichadi to the spicy Missal Pav and stuffed Bharli Vangi. And let’s not forget the sweet treats like Puran Poli, rich and creamy Shrikhand, and sweet and juicy Modak. 

This is one such cuisine that will make your tastebuds thank you. Each region and community in Maharashtra’s Cuisine incredibly diverse and a Flavourful adventure. The Maharashtrian cuisine holds up for Varadi Cuisine, Konkani Cuisine, and Malvani Cuisine, along with Desi and Brahmin Cuisines. Each of these cuisines has its identity in the region, based on its ingredients and geography.

Konkani Cuisine

Originating from the Konkan region of western India, along the coast of the Arabian Sea, Konkani cuisine is known for its use of seafood and coconut in dishes. Its highly unique blend of spices and flavours will blow your mind.

One of the notable ingredients in Konkani cuisine is the kokum fruit, which gives dishes a sour flavour and is also used to make the popular drink solkadi. Coconut is also widely used in this cuisine, adding a rich and creamy texture to dishes like fish curry, prawns masala, and other seafood dishes.

Konkani Cuisine
Konkani Cuisine (Representative Image)

Konkani cuisine is influenced by the local geography and culture, with the abundant seafood from the Arabian Sea playing a significant role in the dishes. This cuisine is considered to be one of the most flavorful and aromatic in India.

Here are 3 must-try dishes/drinks from Konkani cuisine:

  1. Fish Curry – A flavorful and aromatic curry made with fish, coconut milk, and a blend of spices.
  2. Prawns Masala – A spicy and tangy dish made with prawns, coconut, and a mixture of spices.
  3. Solkadi – A refreshing drink made from kokum and coconut milk, perfect for hot summer days.

Varadi Cuisine

Varadi cuisine is characterized by its use of spices, especially chilli peppers, garlic, and ginger. It is known for its fiery, spicy flavour and will be loved by those who enjoy bold and spicy dishes. This cuisine is influenced by the Portuguese and is commonly found in the Konkan and Varadi regions of Maharashtra.

The dishes from the Varadi cuisine include staple foods such as fish curry, chicken curry, and rice, along with a variety of other dishes like pithla, sukka, and kolambi bhajji. Its unique style of spices creates a fiery, tangy flavour that is both bold and delicious. It is often enjoyed with freshly made bread or rice, making it a staple of the local diet.

Varadi Cuisine
Varadi Cuisine (Representative Image)

In addition to its delicious flavour, Varadi cuisine is also known for its use of locally-sourced and seasonal ingredients, making it a sustainable and healthy choice for those who wish — Good Food and Mood.

Here are 3 must-try dishes/drinks from Varadi cuisine:

  1. Fish Curry – A spicy and tangy fish curry made with coconut milk, chilli peppers, and a mix of spices.
  2. Chicken Xacuti – A spicy chicken dish made with a unique mix of aromatic spices, coconut milk, and chilli peppers.
  3. Pithla – A thin, spicy lentil soup made with besan flour and a blend of spices.

Malvani Cuisine

Malvani Cuisine represents the rich cultural and traditional influences of the Maharashtra coastal region with a style Mix of Spices, Herbs and Seafood. The significance of Malvani cuisine lies in its deep roots in the cultural heritage and traditions of the coastal people, who take great pride in their culinary heritage.

The cuisine has become an integral part of the regional identity and has gained popularity beyond the coast, enjoyed by people all over India and beyond. From its use of spices and seafood to its reflection of cultural heritage, Malvani cuisine is a delicious and important part of the food landscape of Maharashtra.

Malvani cuisine
Malvani cuisine (Representative Image)

Here are 3 must-try dishes/drinks from Malvani cuisine:

  1. Kombdi Vade: A traditional Malvani dish made with spicy chicken curry and a type of fried bread.
  2. Mutton Rassa: A spicy mutton dish made with a blend of spices and coconut milk, it is a popular dish in the region and is often served with rice or roti.
  3. Kolambi Bhaat: A rice dish made with prawns and spices, it is a flavorful and delicious dish that is popular in the coastal region.

If you are new to the Mighty Maharashtrian Cuisine, Here are 10 recommended dishes from the Maharashtrian Cuisine before you get ready for the Flavoured Adventure:

  1. Vada Pav
  2. Bhakri
  3. Puran Poli
  4. Solkadi
  5. Modak
  6. Amti
  7. Kanda Poha
  8. Thalipeeth
  9. Matki Usal
  10. Batata Bhaji

Maharashtrian cuisine is a symphony of spices and textures. The cuisine uses ingredients like coconut, peanuts, and the famous Goda Masala, adding depth and richness to every bite. 

Festivals in Maharashtra are a feast for your senses, especially when it comes to food, as the range explodes! During festivals, families and communities come together to cook and enjoy traditional dishes – Puran Poli(Definies every festival), Modak(A definite dish during the Ganesh Chaturthi), Karanji and Sheera.

 These traditional dishes are not only delicious but also hold significant cultural and religious importance in the households of Maharashtra. Therefore, try them on your next visit to Maharashtra and give our socials a thumbs up for giving you the best of information. 

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Amazon, Walmart, and Target go head to head in race to accelerate delivery speeds

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e-commerce
E-commerce

Walmart, Target, and Amazon are deeply invested in the shipping wars, a strategic maneuver acknowledged by retail experts as crucial for maintaining a competitive edge against low-cost Chinese retailers Shein and Temu. In the case of Walmart and Target, their financial dedications are also focused on narrowing the gap in delivery speed with Amazon, which stands as the benchmark for swift shipping and remains the undisputed leader in speed.

Under its updated distribution model, Amazon has significantly accelerated the delivery of packages to Prime customers’ doorsteps this year. The new approach involves dividing the country into eight regions and predominantly dispatching items from warehouses within those specific areas. Amazon’s rationale behind this strategy is to reduce shipment distances and minimize touchpoints, thereby not only expediting deliveries but also effectively reducing operational costs.

Previously, the fulfillment of orders by the Seattle-based e-commerce giant involved warehouses scattered across the country. As of July, the company disclosed that 76% of customer orders were now being fulfilled within their specific regions, a notable uptick from the previous figure of 62% before the implemented change.

“We remain on pace to deliver the fastest delivery speeds for Prime customers in our 29-year history,” Amazon CEO Andy Jassy said in October during an earnings call with analysts.

Company executives highlight that the acceleration in shipping speed is also a result of Amazon’s expansion of same-day delivery, initially launched in 2015 for Prime members subscribing at $139 annually for free two-day shipping and other perks. These same-day delivery sites are compact warehouses located in metropolitan areas, primarily stocking the top 100,000 products in demand. Currently, Amazon boasts 55 of these sites nationwide, with plans to double the number in the coming years, as revealed by Sarah Mathew, the Vice President of Delivery Experience at Amazon.

“Psychologically, fast delivery is very important to the consumer when ordering online,” said Neil Saunders, managing director of GlobalData Retail. “That is why everyone is trying to push out more into this space even though it’s very expensive to support and it often requires a lot of new infrastructure.”

In an effort to catch up, Walmart and Target are investing substantial funds in upgrading warehouses, establishing new facilities, and undertaking various initiatives aimed at cost reduction.

Utilizing over 4,000 of its nationwide stores as fulfillment centers and delivery hubs for online orders, Walmart has incorporated a strategy to enhance order processing and expedite deliveries to customers. In November, the company announced plans to introduce 40 additional “parcel stations” in stores across nine states by the year’s end. These stations, functioning akin to mini post offices for receiving and delivering packages, were set to operate prominently during the holiday season, according to the nation’s largest retailer.

At the same time, the Bentonville, Arkansas-based company is actively engaged in transforming its warehouses through automation, with the goal of expediting the delivery process to both stores and customers.

Walmart is pursuing this initiative through diverse approaches. It is implementing automation across all 42 of its regional distribution centers, which store non-perishable items and dispatch goods to replenish stores. Additionally, the company is constructing four automated warehouses specifically designed for handling perishable items. Moreover, there are plans to incorporate over 100 smaller facilities connected to its stores, with a focus on managing online orders.

Since last year, Walmart has launched its first three fully automated “next generation” fulfillment centers. These centers house a broader selection of highly sought-after items, streamlining the packing and shipping process from 12 steps down to five. The company asserts that these hubs, in conjunction with modifications to its transportation network, have led to a significant “drastic increase” in the volume of orders eligible for next-day shipping. Walmart’s overarching aim is to double the daily fulfillment of customer orders and extend next- and two-day shipping coverage to nearly 90% of the United States.

Meanwhile, Target has set its sights on enhancing shipping speed by bolstering its own warehouses, referred to as sortation centers, through a previously announced $100 million investment earlier this year.

Packages for online orders are received at sortation centers from 30 to 40 nearby Target stores. At these centers, the packages undergo sorting, batching, and routing processes for delivery to local neighborhoods through either a third-party carrier or Shipt, a company owned by Target. Anticipated to double their delivery volume, these warehouses are expected to handle more than 50 million packages this year.

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Onion prices plunge by 50% following govt ban on exports

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Onion
Onion

Following the government’s decision to prohibit onion exports on December 7, wholesale markets have witnessed a significant 50% decline in onion prices. Traders anticipate that prices will either stay stable or experience a slight decrease in the upcoming weeks, attributing this trend to the increasing arrival of kharif onions.

Continue Exploring: India halts onion exports as prices soar due to unseasonal rainfall

Market data compiled by the APMC reveals that the average wholesale prices of onions at Lasalgaon AMPC have dropped to INR 20-21 per kilogram, marking a decrease from the previous INR 39-40/kg observed just before the ban on exports.

The central government first imposed a minimum export price (MEP) on onions, which was followed by the decision to impose a complete ban on exports on December 7. Onion prices started falling immediately after the export ban was announced.

According to trade insiders, onion farmers, who have been protesting for the removal of the export ban, are optimistic that the government might reconsider its decision, much like the partial revision seen in the ban on diverting sugarcane juice for ethanol.

“Onion farmers are slowly bringing their crop to the markets as they are still hopeful that the central government may revoke the ban on onion exports,” said Ajit Shah, an onion exporter from Mumbai.

Traders have noted a significant rise in the arrival of kharif onions, also referred to as red onions, leading to increased pressure on prices.

However, “good demand for onions across the country…may help keep the prices stable for a few days”, said Nandkumar Shirke, an onion trader from Ahmednagar in Maharashtra.

On December 6, at the Lasalgaon APMC, the average price of red onions stood at INR 39.50/kg, with the highest price reaching INR 45/kg. As of Tuesday, these prices have decreased to INR 21/kg and INR 25/kg, respectively. Consequently, the average price has witnessed a 47% decline following the export ban, while the highest price has dropped by 44%.

Market insiders have indicated that the data on onion arrivals in wholesale markets reveals a greater influx of kharif onions than initially anticipated by the government.

As of December 19, the Lasalgaon market, for instance, has witnessed the arrival of 3.66 lakh tonnes of red onions this month, nearly matching the total arrival for the entire month of December 2022, which was 3.69 lakh tonnes.

“We are getting good quality red onions. Crop from only those fields, which were affected by the hailstorm has been damaged,” said an official of Lasalgaon APMC who requested not to be identified.

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Morrisons Daily collaborates with Just Eat for on-demand grocery delivery

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Morrisons Daily

Rolling out in December, Morrisons Daily convenience stores are set to provide on-demand delivery in collaboration with Just Eat. The initiative, initially launching in 60 stores, has ambitious plans to expand its reach to over 650 stores in the early months of the upcoming year.

Customers will gain online access to thousands of products through the Just Eat app and website.

Amy Heather, strategic accounts director, Just Eat UK, said, “We know that our customers are increasingly seeking convenience, particularly in those busy moments like Christmas, and our partnership with Morrisons Daily shows our ongoing commitment to delivering a wide range and more options for our customers to get whatever they need, wherever and whenever they need them.”

As part of the partnership, a 50% discount on selected essentials at participating stores is being offered by Just Eat until December 24th.

Joseph Sutton, online and wholesale director, Morrisons Convenience, said, “We have Morrisons Dailys across the country and partnering with Just Eat will offer another fast and convenient way for customers to get Morrisons groceries delivered straight to their door. We’re committed to offering great value and high quality products to our customers however they choose to shop.”

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16 Okami restaurants in Australia enter voluntary administration amid ongoing business challenges

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Okami

Okami, a Japanese restaurant chain, has opted for voluntary administration for 16 of its Australian establishments, as reported by SmartCompany. The Okami network spans over 50 locations throughout the country.

According to documents filed with the Australian Securities and Investments Commission, Okami’s establishments in Victoria, New South Wales (NSW), South Australia (SA), and the Australian Capital Territory (ACT) are currently under administration.

The sites currently undergoing administration comprise Braddon and Mawson in the ACT, Cronulla, Camden, Dubbo, Marrickville, Pennant Hills, Penrith, Sutherland, and Wagga Wagga in NSW, along with Ballarat, Camberwell, Hampton, Melton, and Sunbury in Victoria, and Glenunga in SA.

Three additional enterprises, undisclosed in communication with Okami, have likewise shuttered as part of the ongoing administration proceedings.

Philip Campbell-Wilson and John McInerney of Grant Thornton were designated as co-administrators for the restaurants on December 15, 2023.

According to a statement provided to SmartCompany by Campbell-Wilson, the venues currently under administration fall under the direct management of Okami Distribution and are distinct from the broader business franchise network.

Preliminary examinations indicate possible factors contributing to the recent challenges encountered by the business.

Campbell-Wilson was quoted by SmartCompany as saying, “Based on our initial discussions with the founder of the Okami business, they believe there has been a lag effect from the Covid-19 pandemic combined with inflationary pressure on costs which has led to a decline in sales and escalated operational costs.”

The Australian Taxation Office and other entities are anticipated to be significant creditors of the business.

The co-administrator also mentioned that the inquiry has just commenced, and the specifics will undergo further in-depth investigation.

The restaurants are anticipated to sustain their operations throughout the holiday season, providing a reprieve for their 250 full-time, part-time, and casual employees.

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US equity firm Triton Pacific bolsters Tasty D’Lites holdings with Dunkin’ acquisition

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Dunkin

US-based private equity firm Triton Pacific Capital Partners has announced that its portfolio company, Tasty D’Lites, is entering into an agreement to acquire 17 Dunkin’ restaurants in the US.

Tasty D’Lites is set to obtain a central manufacturing facility in Vermont as part of the acquisition.

The companies have not revealed the financial specifics of the transaction.

Triton Pacific Capital Partners CEO Craig Faggen said, “We are thrilled by the future growth opportunity this acquisition has presented us.

“Dunkin’ is a well-established leader in the quick service restaurant industry, especially in the Northeast, where there is an extremely loyal customer base.

“We believe that this demand, combined with our tenured operational leadership and the attractive economics of the acquisition, provides a compelling opportunity for Tasty D’Lites and our partners.”

The agreement will function as a secondary platform investment for Tasty D’Lites, enhancing its current operations in Charlotte, North Carolina.

This agreement solidifies Tasty D’Lites’ footprint in the Northeast region.

Tasty D’Lites now boasts 37 Dunkin’ restaurants across Vermont and North Carolina.

The Tasty Restaurant Group, a restaurant management company affiliated with Triton Pacific, oversees a portfolio of 410 quick-service restaurants on behalf of Triton Pacific.

The portfolio of restaurants encompasses operations from brands like Dunkin’, Pizza Hut, Burger King, Baskin-Robbins, KFC, and Taco Bell, spanning 20 U.S. states.

In April 2023, Tasty Chick’n, a portfolio company of Triton Pacific Capital Partners, finalized the acquisition of a two-unit KFC restaurant operator in Alabama, USA.

Triton Pacific acquired each of the restaurants in Colbert County, Alabama, in the northwestern region of the state, as part of the Florence-Muscle Shoals MSA metropolitan area, at a cost below $300,000 per restaurant.

The acquisition will serve as a strategic add-on investment for Tasty Chick’n, currently managing five KFC restaurants in Alabama.

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