Tira strengthens omnichannel experience with new store openings in Pune and Bengaluru

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December 12, 2023

Reliance Retail’s omnichannel beauty platform, Tira, has recently expanded its presence with the opening of two new stores in Pune and Bengaluru, as announced in a social media post by Nirant Khedkar, a consultant working with Tira.

The seventh and eighth stores from the beauty brand have been unveiled, situated at Phoenix Mall of Asia, Hebbal, Bengaluru, and Phoenix Mall of the Millennium, Pune.

Nirant Khedkar serves as the Executive Director at The Othr Lab and holds the position of Head of Operations at Tira, as indicated by his LinkedIn profile.

“We’re thrilled to announce the grand opening of our 8th store, located at the Upper Ground Floor of the Mall of the Millennium, Wakad, Pune,” said Khedkar.

“Our 7th store doors are officially open at the Phoenix Mall of Asia, ready to dazzle customers with the ultimate beauty experience,” added Khedkar.

Tira’s brick-and-mortar outlets extend beyond traditional retail, providing personalized beauty services and access to cutting-edge technology tools. Customers can indulge in makeup consultations, virtual try-ons, and tutorials to experience Tira’s distinctive looks.

The mobile application of the brand delivers beauty content and advice, while the stores showcase a diverse range of international and locally crafted beauty brands. Encompassing makeup, skincare, haircare, fragrances, and bathing essentials, the stores provide a holistic beauty experience.

Launched in February 2023 as an e-commerce platform under Reliance Group’s retail division, Reliance Retail Ltd., Tira made its debut with the unveiling of its first flagship store at Jio World Drive in the Bandra Kurla Complex in Mumbai.

In August, Tira expanded its retail presence by inaugurating its second outlet in Mumbai, situated at Infiniti Mall, Malad, bringing the current total count to 8.

JadeBlue expands footprint in India with a new luxurious store in Surat

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December 12, 2023

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JadeBlue, the men’s clothing retailer, announced the opening of its 35th store in India through a social media post on Sunday. Situated in Surat, Gujarat, the new standalone store spans 4,000 square feet.

“Store number 3 in Surat and our 35th JadeBlue store in India. A 4,000 sq. ft. luxury space where we are bringing many international and national brands along with premium JadeBlue labels and the iconic Modi Kurta and Jacket,” said Vrudang Parikh, general manager – finance and accounts at JadeBlue Lifestyle India Ltd in a LinkedIn post.

In 1995, the JadeBlue Group laid the foundation for its inaugural 2800 sq. ft. retail outlet, signaling the birth of the company that has since evolved into two distinct brands: JadeBlue and Greenfibre.

JadeBlue stands as a prestigious lifestyle store celebrated for its exclusive men’s fashion offerings, featuring a diverse array of collections encompassing Modi kurtas and jackets, loungewear, ethnic wear, casual wear, and formal attire.

IOSPL paves the way for ethical beauty choices in India with new brand additions

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December 12, 2023

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In a notable development within the Indian beauty and personal care sector, IOSPL, the omnichannel representative for international brands in India, has introduced three new subsidiary brands – Naturtint, Boldify, and Estate – during the Cosmoprof Mumbai event. Recognized for their dedication to sustainability and cruelty-free formulations, these brands aim to reshape the landscape of ethical beauty in India.

Naturtint introduces a hair color range free from ammonia, parabens, and resorcinol, highlighting its commitment to sustainability and cruelty-free methods. Being the inaugural USDA-certified Bio-based hair color line in 2021, Naturtint brings over three decades of excellence to the Indian market.

Boldify provides remedies for thinning hair using plant-based fibers, delivering a conditioning formula that is water-resistant. Prioritizing quality and achieving finishes resembling real hair, Boldify’s products are designed for individuals seeking effortless hair care solutions.

Estate Cosmetics, a renowned Canadian brand, introduces premium vegan and cruelty-free cosmetics to the Indian market. Emphasizing affordability without compromising quality, Estate Cosmetics embodies a dedication to ethical beauty by seamlessly blending tradition and contemporary trends.

Bimal Thakkar, CEO and Co-Founder, IOSPL said, “As IOSPL expands its footprint in the ever-evolving Indian beauty and personal care market, we are thrilled to introduce Naturtint, Boldify, and Estate Cosmetics to discerning consumers seeking sustainable, cruelty-free options. Our commitment to offering innovative, eco-conscious brands aligns with evolving consumer preferences for ethical and safe beauty solutions. We look forward to leveraging the opportunities these brands bring, empowering individuals to embrace beauty with responsibility and without compromise.”

“We, at Naturtint, are excited to bring our pioneering, ammonia-free permanent hair colour formulations to the discerning consumers of India. Our commitment to crafting sustainable, cruelty-free solutions resonates with those seeking vibrant, healthy hair without compromising on quality or the environment. As we step into the Indian market, we’re dedicated to offering a spectrum of shades that embody both innovation and nature’s beauty, empowering individuals to express themselves authentically and responsibly,” added The Spokesperson of Naturtint,” added Karishma Jeswani, Global Marketing Head, Naturtint.

Himadri, Marketing Head India, Boldify commented, “Boldify is proud to introduce its revolutionary animal test free and vegan hair solutions to India providing a seamless, natural finish for those seeking thicker, fuller hair. Our commitment to quality, convenience, and safety resonates with individuals embracing their unique beauty. We’re excited to offer effective, mess-free hair care that celebrates individuality without compromise. The brand is Developed with eminent hairstylists with only 3 ingredients.”

“We are thrilled to embark on this incredible journey as Estate Cosmetics makes its debut in India, marking a significant milestone for our brand. Partnering with IOSPL for our launch at Cosmoprof, Mumbai, signifies a meaningful collaboration that aligns with our ethos of redefining ethical beauty. At Estate Cosmetics, our mission extends far beyond makeup; it’s about advocating for positive change and embracing diversity. We take immense pride in offering high-quality, pigmented products that celebrate individuality while remaining cruelty-free and vegan. As we make our mark in India, we are excited to witness the collective impact we can make together,” said Gurmeet Tagore, President Estate Cosmetics.

Caffe Cream poised to launch fast-casual dessert brand franchise across the UK

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December 12, 2023

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Caffe Cream, known for its expertise in ice cream production and retail, is set to introduce its fast-casual dessert brand franchise, aiming for swift growth throughout the UK.

Established in 2012 during the UK’s “double-dip” recession, the business was founded by the father-and-son duo, Justin and Dave Dooley.

Caffe Cream will provide its signature blend of premium ice cream, delectable cookies, along with high-quality teas and coffee.

The business currently operates four restaurants.

Elangeni Hospitality brings renowned Mexican brand Benito’s to London Luton Airport

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December 12, 2023

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Elangeni Hospitality recently entered into a franchise agreement with Airport Retail Enterprises UK Ltd, paving the way for the introduction of the Mexican fast-casual brand Benito at London Luton Airport.

Situated in the Departures Lounge of the airport, the 750 sq ft unit is slated to open in mid-December 2023. This upcoming restaurant marks the inaugural franchised unit for Benito’s, a brand acquired by Elangeni Hospitality in December 2022.

As stated by Michael Pearson, Chairman of Elangeni, the upcoming restaurant represents the result of extensive collaboration between the two entities.

“We have worked hard to reinvent the Benito’s brand over the last 12 months since we acquired the business. Our look and feel are now much more distinctive, in keeping with our premium fast casual positioning, and the introduction of our ‘Love Breakfast’ morning branding gives us the perfect platform for fast-paced travel hubs like LLA.,” Pearson said.

Benito’s, originally established as Benito’s Hat in 2008, is a highly regarded and long-standing Mexican brand. Acquired by Michael Pearson through Elangeni Hospitality in December 2022, the brand has undergone a transformation with a refreshed appearance, the introduction of self-service kiosks, and the addition of a branded breakfast option called ‘Love Breakfast.’

Moonglow Trading secures HSBC funding to expand Black Sheep Coffee across the UK

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December 12, 2023

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Moonglow Trading, a franchisee based in the UK, has obtained a seven-figure funding package from HSBC to support the expansion of Black Sheep Coffee across the United Kingdom.

The franchisee is set to open four new coffee stores in Cardiff and Oxford, creating 30 new employment opportunities.

HSBC UK relationship director Anthony Couzens stated, “It’s been great to support the team at Moonglow over the years with a range of successful businesses, and I have no doubt this partnership with Black Sheep Coffee will follow the same pattern.”

Headquartered in Cheltenham, Moonglow Trading has positioned itself as a holding company specializing in franchise lifestyle brands.

Moonglow trading director Jonathan Edwards stated, “Becoming a franchisee for Black Sheep Coffee has allowed Moonglow to use its experience in the retail and catering space to work with a unique coffee business with an upward growth trajectory.

“The move also fits with our aim to work alongside businesses that are shaking up traditions, using innovative tech for growth, as well as allowing us to explore opportunities outside London.”

According to the World Coffee Portal, the Black Sheep Coffee chain, founded in 2013, currently operates 73 units in the UK and a solitary location in Paris, France.

With an additional 27 stores in development in the UK, Black Sheep Coffee entered the US market in 2023, inaugurating two new stores in Texas.

The franchise is poised to make its entry into the Middle East market by establishing four stores in the United Arab Emirates.

Through a franchise agreement with Al Farran Investment, Black Sheep Coffee aims to open 250 stores across the Middle East by 2037.

DoorDash and Uber Eats to stop pre-delivery tipping, promising improved delivery experience

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December 12, 2023

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quick commerce food delivery — (Representative Image)

DoorDash and Uber Eats have unveiled plans to cease pre-delivery tip requests.

The platforms intend to postpone tip prompts until deliveries are successfully completed, eliminating the need for customers to provide tips for expedited service.

Delivery enterprises are currently grappling with challenges arising from factors like minimum wage mandates and delivery fees, both of which can impact tip amounts.

In early December 2023, the tip-requesting prompt during the checkout process for customers in New York City, USA, was discontinued by both Uber Eats and DoorDash.

A representative from Uber Eats informed Business Insider that the platforms have introduced a new fee, representing an additional charge to compensate couriers.

In the city, DoorDash and Uber Eats are presently earning $29.93 for each “active” hour of delivery.

Established in 2013, DoorDash extends its services to businesses in over 26 countries globally.

Launched in 2015, the Uber Eats app provides a diverse range of services, encompassing deliveries of everyday essentials to a variety of restaurant dishes.

In September 2023, the food delivery platforms Uber Eats, Deliveroo, and Just Eat entered into a charter agreement with the Transport for London authority in the UK.

The primary objective of the charter is to enhance the safety of motorcycle couriers and other road users in the capital city of England.

Earlier in the same month, Uber Eats integrated chef Gordon Ramsay’s London restaurants into its app.

PepsiCo unveils Mega Green Accelerator for Middle East & North Africa startups

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December 12, 2023

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PepsiCo, the American food and beverage conglomerate, has collaborated with various organizations to introduce the Mega Green Accelerator, accessible to startups in the Middle East and North Africa.

Timed to coincide with the COP28 climate summit in the United Arab Emirates, the accelerator aims to support businesses concentrating on circular economy solutions, clean energy transition, and climate mitigation technologies, including water and agriculture. A statement announcing the initiative emphasized that selected start-ups will be working on solutions addressing both regional and global sustainability challenges.

Partnering with PepsiCo in this initiative are Saudi chemicals group Sabic and the Dubai-based business support organization AstroLabs, which will be responsible for managing the accelerator.

Apart from receiving seed funding and mentorship, the selected startups will gain entry to “some of the most influential business leaders in the region.”

Details regarding the amount of capital contributed by the co-founders to the project and the funding allocated to the selected startups have not been disclosed yet.

A statement announcing the launch of the accelerator said, “The Middle East is warming almost two times faster than the global average, yet the support and investment for the sustainability innovation ecosystem in the region does not match this urgency.

“Since 2010, less than 50 new climate technology startups have been founded in the MENA region, compared to nearly 5,000 in Europe and the US. The Mega Green Accelerator aims to reduce this gap, foster regional collaboration and cultivate a network of MENA-based innovators addressing the most pressing sustainability challenges in the region.”

Eugene Willemsen, the CEO of PepsiCo’s operations in Africa, the Middle East and south Asia, said, “Innovators in the MENA region have incredible potential for scaling and are making important strides to develop homegrown solutions to address the unique challenges the region is facing.

“COP28 is already putting a spotlight on climate innovations coming out of the UAE and the region at large, and PepsiCo is excited to support the next generation of climate leaders through the Mega Green Accelerator. By bridging the gap between entrepreneurs and the networks and resources they need, we are committed to supporting breakthrough start-ups as they scale sustainability solutions, grow their businesses and form critical connections.”

The project is additionally supported by investors including the Dubai Future District Fund, Venture Souq, and Shurooq Partners.

The London Business School Entrepreneurship Club, Berytech, American University of Cairo Venture Lab, the Sharjah Research Technology and Innovation Park, and the Mohammed VI Foundation for Environmental Protection will assist in identifying applicants through their networks.

PepsiCo has participated in various accelerator programs.

In Europe, the company operates its Greenhouse program, with the first European launch dating back to 2017. Earlier this year, the group initiated a sustainability-focused accelerator in the Asia Pacific region.

Last month, PepsiCo revealed its plans to allocate SR200 million (then $53.3 million) toward the expansion of a snacks facility in Saudi Arabia.

The owner of the Lay’s crisps and Doritos brands announced that the investment in its plant in the eastern city of Dammam is a component of its Saudi Arabia Vision 2030 plan. This initiative aims to “enhance the Saudi agricultural sector and promote sustainable food production in the Kingdom.”

Nissui secures major stake in Maxima Seafood, eyes rapid expansion in Europe

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December 12, 2023

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Nissui, the Japanese conglomerate, has secured a controlling interest in Maxima Seafood, a fish producer headquartered in the Netherlands.

The agreement for Netherlands-based Maxima was facilitated through Nissui’s Danish subsidiary, Nordic Seafood.

“Maxima will continue as a standalone business,” affirmed a spokesperson from Nordic Seafood.

The company handles the processing and sale of locally sourced fresh fish, Japanese scallops, and tuna.

Nordic Seafood’s assortment comprises various fish and seafood varieties, such as shrimp, squid, and cod. The company distributes its products to clients in both the foodservice and retail sectors, as well as to food manufacturers.

As per a statement, Nissui expressed that the transaction is integral to its “long-term vision” aimed at expediting global expansion and fostering business growth in Europe.

The group’s recent activities in the region encompass the acquisition of UK-based Flatfish in 2019 and the 2021 deal for Three Oceans, another UK-based business.

During September, Sealord, a joint venture between Nissui and Māori-owned Moana New Zealand, successfully acquired Independent Fisheries, a local fishing company. This transaction positioned Sealord as the largest seafood business in New Zealand.

During the three months ending in September, Nissui recorded net sales of Y407.13 billion ($2.78 billion), marking a 7.9% increase from the previous year. Operating profit saw a notable growth of 22.1%, reaching Y16.28 billion, while net profit experienced a slight decrease of 0.5% to Y11.69 billion.

Nissui concluded its most recent full financial year ending in March. Net sales amounted to Y768.18 billion, marking a 10.7% increase compared to the previous year. Operating profit experienced a 9.6% decrease, reaching JPY24.49 billion, while net profit saw a notable rise of 22.9% to Y21.23 billion.

Cargill Meats set to diversify product offerings in Thailand with high-protein snacks

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December 12, 2023

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Cargill Meats (Thailand) Co, a subsidiary of a US-based food producer and distributor of food and agricultural products, plans to expand its product offerings in the Thai market by introducing its first protein-based snack next year.

Thiti Tuangsithtanon, the managing director of the company, announced that the extension into a new category under the Sun Valley brand is slated for the first half of 2024.

“Snacks represent a new business category for Cargill in this region. We chose to debut this snack in Thailand because of the substantial market size and love of snacking among people of all ages,” said Mr Thiti.

“The protein snack market, in comparison with the potato chip segment, is relatively small, presenting an opportunity for growth in this niche.”

Cargill Meats stated that the Sun Valley snack line, designed for the younger generation of consumers, will be accessible at major supermarkets, hypermarkets, and online channels.

Mr. Thiti explained that diversifying the product portfolio is a strategic initiative to align with changing consumer preferences.

Founded in Thailand in 1990, Cargill Meats manages two facilities in Saraburi and Nakhon Ratchasima, exporting approximately 70% of its cooked chicken products to 20 markets, which include Japan, the UK, Canada, Hong Kong, the Philippines, and Singapore.

He mentioned that the chicken market is anticipated to surpass pre-pandemic levels this year.

Between 2018 and 2023, the market experienced a yearly growth rate of 5.7%.

Mr. Thiti stated that the chicken sector, especially the cooked chicken segment, is expected to achieve a growth of 3.5-5% in the next five years, driven by the high demand for convenient food options in the Asian market.

“The proliferation of convenience stores across the country and the expansion of quick-service restaurants play a pivotal role in propelling the growth of cooked chicken,” he said.

“Cooked chicken emerged as the fastest-growing category within the chicken market, achieving 10% growth to 4.9 billion baht in 2022. This growth was driven by popular fried chicken snack products, such as chicken nuggets, chicken pop and others.”

Moreover, Mr. Thiti mentioned that the change in consumer lifestyles post-pandemic has encouraged a more positive inclination towards stockpiling and a heightened appreciation for frozen meat.

In addition to protein snacks, the company intends to broaden its product portfolio by creating an extensive range of chicken products. This strategic move aims to cater to market demand and attract new clients in emerging markets, as mentioned by him.

As per Mr. Thiti, Cargill’s goals for the next 3-5 years involve achieving the status of the leading exporter of cooked chicken, solidifying its reputation as an outstanding workplace, and positioning the Sun Valley brand among the top three in Thailand’s cooked chicken market.

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