Mamaearth’s stock hits all-time high as shares soar with a 13% intraday surge on BSE

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November 20, 2023

On Monday, Honasa Consumer Ltd, the holding company of the D2C unicorn Mamaearth, set a new all-time high with its shares reaching INR 374.95. The stock experienced a significant intraday surge of nearly 13% on the BSE.

On November 7, Mamaearth made its debut on the Indian stock exchanges. The NSE listing of the shares began at INR 330, just slightly above its issue price of INR 324. Conversely, on the BSE, the stock had a flat listing.

Following an intraday surge, the stock retraced some of its gains, concluding today’s trading session with a 5.5% increase, closing at INR 350.45 on the BSE.

Mamaearth experienced a tepid reception from the market during its IPO, particularly with retail investors displaying limited interest in subscribing to the issue. Although the public issue was oversubscribed by an overall factor of 7.61X, the retail investors’ portion witnessed a modest oversubscription of just 1.35X.

Also Read: Mamaearth’s IPO sees remarkable 7.61x oversubscription, fueled by strong demand from QIBs

Following its listing, Mamaearth joined the ranks of the latest loss-making new-age tech companies to go public. This trend follows the pattern observed in 2021, where several entities such as Zomato, Paytm, and PB Fintech went public on the stock exchanges, only to face significant challenges and a downturn in their stock values thereafter.

Consequently, some analysts issued warnings to investors regarding the stock. Prashanth Tapse, a Senior VP Research Analyst at Mehta Equities, had emphasized concerns about the company’s fiscal year 2023 losses, intense competition, a low promoter stake, and a substantial portion of the offer for sale (OFS) in the public issue.

Mamaearth’s initial public offering included an offer for sale (OFS) of 4.12 crore shares and a fresh issue of shares amounting to INR 365 crore.

Following a profitable fiscal year in 2022, the company returned to a loss in fiscal year 2023, reporting a net loss of INR 151 crore.

The company is set to unveil its financial results for the quarter ending on September 30, 2023, later this week.

The present market capitalization of Mamaearth is INR 11,228.96 crore ($1.3 billion).

CCEP and AEV seal $1.8 Billion deal to purchase Coca-Cola’s Philippine arm

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November 20, 2023

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Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures (AEV) have officially entered into a binding agreement to purchase Coca-Cola Beverages Philippines (CCBPI) from The Coca-Cola Company.

The collaborative acquisition of CCBPI was initially disclosed in August, with the firms revealing the signing of a letter of intent outlining the proposed purchase.

Today, CCEP has announced the successful completion of its due diligence and the establishment of a definitive agreement with AEV to acquire 100% of CCBPI, with a valuation of $1.8 billion on a debt-free, cash-free basis.

The companies have entered into a Share Purchase Agreement outlining essential terms of the acquisition, establishing a 60:40 ownership structure between CCEP and AEV.

CCEP has stated that the planned acquisition aims to enhance its prior successful expansion into Australia, Pacific, and Indonesia (API) in 2021. This move is intended to fortify its collaboration with The Coca-Cola Company, positioning CCEP as the leading Coca-Cola bottler globally in terms of both revenue and volume.

This acquisition is aligned with the company’s long-term growth strategy and is characterized as an additional measure to establish a more diverse footprint within its current API business segment.

The Share Purchase Agreement is contingent upon standard closing conditions, which include obtaining necessary regulatory approvals.

DS Group expands Swiss luxury chocolate brand Läderach’s online operations to Mumbai

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November 20, 2023

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The DS Group, a distinguished multi-business corporation and prominent FMCG conglomerate, has strategically initiated Läderach’s online operations in Mumbai. This move strengthens Läderach India’s footprint in the luxury retail sector and brings the renowned Swiss chocolate brand closer to consumers.

Through this initiative, customers in Mumbai and Navi Mumbai now have convenient online access to Läderach’s diverse range of premium chocolate products, encompassing FrischSchoggi, tablets, pralines, truffles, and exquisite gift collections.

The decision to expand Läderach’s availability in Mumbai is based on the encouraging responses and growing demand in the city, celebrated for its vibrant luxury market and influential community. The DS Group, recognizing the potential in Mumbai, has invested in enhancing its cold chain capabilities to maintain the exceptional quality of Läderach products.

Sanskriti Gupta, Läderach India said, “We are thrilled to introduce Läderach’s exceptional Swiss chocolates in Mumbai. The resounding success of Läderach’s online and offline presence in Delhi has warmed our hearts, reaffirming customers’ deep love and appreciation for Läderach. The Mumbai market, with its evolving consumer demographics, holds immense potential for the brand. We have been inundated with inquiries from enthusiastic chocolate connoisseurs in Mumbai, and the excitement surrounding our arrival in the city is palpable. We take great pride in providing the same extensive range of premium chocolates online, mirroring our offerings in Delhi, to ensure that our customers in Mumbai can savor the complete Läderach experience.”

Earlier this year, DS Group announced an exclusive partnership with Läderach, signifying the Swiss chocolate brand’s debut in the Indian market. This collaboration resulted in the successful inauguration of a Läderach store in the Delhi-NCR region, specifically situated in DLF Emporio Mall. The store offers an immersive in-store experience tailored to the discerning tastes of customers.

Also Read: DS Group to open first exclusive Laderach brand outlet in Delhi this July, plans to expand in key cities across India

80% of Indian consumers influenced by Facebook and Instagram reels for beauty purchases, reveals study

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November 20, 2023

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A recent study conducted by consumer research platform GWI reveals that over 80% of surveyed consumers in India made beauty product purchases, citing influence from Meta’s Facebook and Instagram reels.

The survey spanned 74 cities and included participation from over 2,000 consumers aged between 6 and 64 years.

The Meta GWI Beauty Report 2023 emphasizes that 47% of surveyed consumers reported discovering new products through social media reels. Additionally, one in three individuals mentioned making beauty product purchases specifically through Instagram reels.

The report highlights a notable change in consumer preferences following the pandemic. Presently, 68% of beauty buyers are opting for online purchases, indicating a 15% increase from the pre-pandemic era.

According to the study, nearly 92% of surveyed consumers discover beauty products through Meta platforms, with Instagram reels accounting for 47%. Remarkably, almost one-third of the surveyed consumers make online beauty purchases on a weekly basis.

Meta India’s director for ecommerce and retail Meghna Apparao said, “Both beauty and fashion verticals are growing rapidly on Meta, with an increasing number of advertisers using Facebook, Instagram, and WhatsApp to engage with customers. Social media transformed the purchase experience and journey for these industries, creating an urgent need for brands and marketers to engage with consumers differently, especially during the ongoing festive and upcoming wedding season.”

The study also discovered that Indian consumers heavily depend on content from local creators for authentic information and reviews.

Meta’s initiatives have contributed to the growing popularity of reels among buyers. In the previous year, Meta announced its intention to discontinue Facebook’s Live Shopping feature in favor of prioritizing reels. During that announcement, it was stated that users would no longer have the capability to create product playlists or tag products in Facebook Live videos.

Parry’s Pizzeria & Taphouse announces new Texas location with exciting offers!

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November 20, 2023

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Parry’s Pizzeria & Taphouse, a chain known for its New York-style pizza, is scheduled to inaugurate its latest establishment in Pharr, Texas, on November 21st.

The eatery is situated near the Cinemark Pharr Town Centre on North Jackson Road in Texas.

In celebration of the grand opening, the first 25 customers in line at Parry’s Pizzeria & Taphouse will receive a prize bag valued at up to $50.

From November 21 to 22, Parry’s Pizzeria & Taphouse will be generously providing complimentary pizza and free lunch specials to 20 residents of Pharr, as well as customers from McAllen and the neighboring communities every week for the next six months.

The Pharr location of Parry’s Pizzeria & Taphouse will feature an array of offerings, including New York-style pizza, sandwiches, wings, pasta, and a selection of 72 beers on draft.

Founded in 2007 in Colorado as a pizza establishment, Parry’s initially started as a pizzeria and subsequently evolved into a comprehensive dining experience.

In addition to pizza and wings, the restaurant franchise presents an extensive array of appetizers, calzones, salads, wraps, and desserts, all of which can be complemented with a choice of craft-brewed beer or wine.

In 2020, Parry’s made its initial move beyond Colorado by opening a restaurant in The Colony, a suburb of Dallas.

The restaurant franchise subsequently inaugurated its second Texas establishment in McKinney in 2021.

In 2022, Parry’s launched its third and fourth branches in Texas, located in San Antonio and Lubbock. The fifth Texas restaurant, which opened earlier this year, is situated in Brownsville.

In July of this year, Parry’s Pizzeria & Taphouse revealed plans to open its second San Antonio location at the Culebra Commons shopping center in Texas.

Parry’s also boasts establishments in Arizona and on the Las Vegas Strip.

Celebrity chef Gordon Ramsay to unveil a new burger spot in Vegas next year

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November 20, 2023

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Renowned British chef and TV personality Gordon Ramsay is scheduled to launch a Gordon Ramsay Burger restaurant at the Flamingo Las Vegas resort in the middle of 2024.

Once opened, this establishment will represent Gordon Ramsay’s seventh restaurant in the Las Vegas area.

Gordon Ramsay said, “We are incredibly fortunate to celebrate the popularity of Burger inside Planet Hollywood.

“So much, in fact, that we expanded the space a few years ago to meet the demand and accommodate more guests. Now, to add another location inside one of the most iconic resorts in Las Vegas is truly a dream come true.”

DEZMOTIF Studios has meticulously designed the new venue, spanning an impressive 8,000 square feet. This space will showcase a spacious exhibition kitchen, a stylish island-style bar, expansive storefront windows, and several distinct dining zones.

Additionally, the restaurant will include a breezy open-air patio, and patrons in the main dining room will have the opportunity to enjoy views of the exhibition kitchen.

The development of Gordon Ramsay Burger at Flamingo Las Vegas will take place on the former Bird Bar space along Las Vegas Boulevard.

The menu will feature the classic combination of burgers, fries, and milkshakes. Guests can also indulge in signature items such as the Hell’s Kitchen Burger, the Farmhouse Burger, and the flavorful Hellfire Chicken Wings.

Flamingo Las Vegas senior vice-president and general manager Dan Walsh said, “Adding Chef Ramsay to our culinary roster creates a whole new dynamic at the Flamingo.

“From delicious burgers and signature sides, Gordon Ramsay Burger will be a fun dining destination for family and friends to enjoy at our resort.”

Hunter & Gather expands supplement line with Collagen Creamers and MCT Powder

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November 20, 2023

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Hunter & Gather, a health food company, has expanded its line of supplements by introducing two new products aimed at promoting health: Collagen Creamers and MCT ‘Thrive’ Powder.

The pair of Collagen Creamers, available in raw cacao and vanilla flavors, are crafted using the brand’s bovine collagen peptides and a blend of natural ingredients. These creamers are intended to be mixed into coffee, offering a enhancement for skin, hair, and nails, while also contributing to the support of joint, bone, and gut health.

The company has introduced MCT ‘Thrive’ Powder as well. MCTs, known as medium-chain triglycerides, are a form of fat present in sources such as coconut and palm oil, believed to aid in weight loss and the management of various health conditions.

The ‘Thrive’ powder from Hunter & Gather is derived from its Organic Certified C8 and C10 MCT, which promotes brain health and energy. It is conveniently presented in a powder format that easily dissolves and can be stirred into beverages.

Amy Moring, CEO and co-founder of Hunter & Gather, said, “In the health and wellness space right now, we’re seeing a growing trend for animal-based products that pack a punch when it comes to integrity, nutrition, and health.”

She continued, “Our new Collagen Creamers, featuring our award-winning bovine collagen peptides, have all the benefits of collagen but in a tasty format that can be stirred into your morning coffee for a delicious and nourishing boost. Made using organic coconut milk, the natural sweetness comes from glycine, one of the primary amino acids in collagen, which enhances the natural flavours of vanilla and cacao with absolutely no added sugar or sweeteners. Plus, the raw organic cacao is rich in flavonoids and antioxidants and low cadmium.”

“With our new MCT Powder, made using organic certified coconuts, we wanted to deliver all the benefits of our C8 and C10 MCT Oil (a brilliant natural support for brain health, energy and cognition) in an easy-to-dissolve powder format that can stirred into drinks or smoothies, with no oily consistency. To do this we used acacia fibre (a natural prebiotic) and absolutely no sugar, maltodextrin or palm oil.”

Cumulus Coffee Company unveils home cold brew machine after successful $20.3 Million funding round

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November 20, 2023

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After securing $20.3 million in funding, Cumulus Coffee Company has revealed the “world’s first solution for creating premium cold brew at home in a matter of seconds.”

The firm secured $20.3 million in seed funding, spearheaded by Valor Siren Ventures (VSV) and Valor Equity Partners (VEP), along with participation from diverse investors.

Utilizing recyclable aluminum capsules, Cumulus’ cold brew machine can produce a 10-ounce cold brew, nitro cold brew, and a groundbreaking cold-pressed espresso in less than 45 seconds. This achievement is made possible through advanced technology and the application of world-class expertise in the science and artistry of coffee.

The company asserts that the technology within the cold brew machine enables the creation of cold beverages without the need for ice, and the nitro cold brew can be produced without relying on a bulky nitrogen gas tank.

Mesh Gelman, founder and CEO of The Cumulus Coffee Company, said, “Our team of experts across coffee, technology, and design has worked tirelessly to bring the sacred ritual of enjoying delicious, hand-crafted cold coffee into the home in a way that’s never been done before. The cold coffee market is enormous, with 75% of American café drinkers now preferring cold over hot beverages.”

Jon Shulkin, co-president of VEP and fund manager for VSV commented, “The nitro cold brew coffee market is one of the fastest growing in the coffee space. We believe that the Cumulus team, through many years of research, has created an exciting new product for nitro cold brew coffee drinkers. We are grateful to partner with Mesh and the Cumulus team as they achieve their vision of creating an at-home high-quality nitro cold brew coffee experience that is as easy as making hot coffee.”

Andrea’s Brasserie expands operations with first South Indian outlet

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November 20, 2023

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Andrea’s, the upscale restaurant chain based in New Delhi, has introduced its first establishment in South India. This new venue, operating under the Andrea’s Brasserie brand name, has opened its doors in Bengaluru, as shared by an industry official on social media.

The recently launched venue, located at Phoenix Mall of Asia in Byatarayanapura, welcomed the public on Friday as it opened its doors for the first time.

“Andrea’s Brasserie launched their first outlet in South India at Mall of Asia,” said Tanul Bheda, general manager – leasing at Phoenix Mall of Asia in a LinkedIn post on Friday while sharing images of the new outlet.

Andrea’s was established by Andrea Aftab Pauro, the founder of Delhi’s Amici Café. The first Andrea’s venue was launched in 2016 at Select Citywalk in New Delhi.

The chain operates two additional establishments in the country: Andrea’s Bistro at DLF Promenade in Vasant Kunj, New Delhi, and Andrea’s Bar & Brasserie at Khan Market, New Delhi.

In addition to Andrea’s Brasserie, Phoenix Mall of Asia is home to a variety of restaurants, including YouMee, Burma Burma, Plaka, Cha Cha Cha, Punjab Grill, Plan B, Eight, Dobaraa, Ishaara, Perch, Badmash, Bhartiya Jalpan, Haagen Dazs, Aubree Haute Chocolaterie, and Buffalo Wild Wings, among others.

Spanish supermarkets escalate security amid olive oil price hike and increase in theft cases

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November 20, 2023

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In Spain, the leading global producer of olive oil, numerous supermarkets are implementing heightened security measures due to escalating prices and a rise in theft incidents. The surge in prices has resulted in one-liter bottles of extra-virgin olive oil being marketed for as high as 14.5 euros ($15.77) in certain supermarkets. As a response, retailers are attaching security tags to olive oil bottles, aligning them with products such as spirits, cosmetics, and appliances to deter shoplifting and thefts, as reported by Reuters.

Over the last two years, the cost of olive oil has surged by 150%, primarily attributed to an intense drought in Southern Europe, a significant production region. Besides Spain, key olive oil producers encompass Italy, Greece, and Portugal. The escalating prices have placed a financial strain on households dependent on this oil. Spain, as the foremost global olive oil producer, contributes approximately 40% to the world’s total output.

“We are witnessing a significant increase in shoplifting,” said Ruben Navarro, CEO of Tu Super, a supermarket chain operating in Spain’s Andalucia region told Reuters. “Olive oil has become an attractive product for thieves to steal.”

To deter theft, Tu Super has taken measures by linking sizable 5-litre olive oil bottles together and securing them to shelves with padlocks since September.

The future of olive oil appears concerning, as Deoleo, the world’s leading producer, anticipates that olive oil prices in Spain will persist at unprecedented levels until at least June, owing to consecutive droughts in the southern regions of the country.

According to news sources, numerous Carrefour and Auchan supermarkets in Spain are installing security tags on one-liter bottles of olive oil, necessitating staff intervention for removal.

Instances of olive oil theft from mills have also been reported by Spanish police. In Spain, thefts of items valued at less than 400 euros go unpunished unless it constitutes a repeated offense.

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