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Subway Unveils State-of-the-Art Dual Headquarters in Connecticut

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Subway
Subway

Subway, a US-based multinational quick service restaurant (QSR) company, has announced the opening of its second dual headquarters in Shelton, Connecticut, USA.

Global dual headquarters is situated at 1 Corporate Drive, an office building within the Enterprise Corporate Park of RD Scintos in the bustling business district of Shelton.

It is located approximately ten miles from previous Milford office, offering convenient accessibility to both primary and alternate routes.

Subway Initiatives:

Shelton office has been specifically planned to drive forward the restaurant company’s multi-year transformation initiatives aimed at improving every facet of its operations.

At the same time, this office environment is anticipated to enhance the quality of experience for the employees of the QSR brand.

Subway-Sub
Subway-Sub

The newly renovated workspace spans three floors and encompasses 90,000 square feet, with an open floor design that includes various conference, huddle, and multipurpose rooms.

Within the Shelton dual headquarters, there is also “The Lounge,” a designated area where employees can gather and enjoy meals.

At RD Scintos‘ Enterprise Corporate Park, Company’s employees have access to a range of on-site amenities, including multiple dining choices, fitness centers, childcare services, beauty salons and spas, complimentary recreational activities, and healthcare providers.

Subway CEO John Chidsey said, “Connecticut has been at the heart of Subway’s story for nearly 60 years.

“The strategic relocation of our global dual-headquarters to Shelton will provide employees with a world-class workplace and unlock access to services to help enhance their wellbeing. In addition, it will serve as a showcase of our brand and a welcoming place for guests to visit.”

The newly opened Shelton office building is now home to all of Subway’s Connecticut-based employees responsible for essential business functions, such as finance, human resources, and legal.

Find some great news: Virgio Backed by Accel – Restructures and Lays Off 20 Employees!

Subway business services director Bill Ekstrom said, “Our new Shelton headquarters is an important step in modernising the brand and underscores our dedication to establishing an optimal workplace for innovation, collaboration and work-life balance.”

In 2022, They opened its first dual headquarters in Miami, which was dedicated to handling all the consumer-facing functions of the company.

Subway’s Latin American regional office staff is based in the Miami office.

In March 2023, They inaugurated its second headquarters in Miami, featuring an Innovation Center and a Mock Restaurant.

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Anko India kicks off festive season with up to 60% off on homeware items

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Anko India, the beloved Australian homeware retail brand, is thrilled to declare the start of its highly anticipated festive sale. This exciting event is now in progress on Anko’s official website, granting customers the opportunity to enjoy significant savings of up to 60 percent on a wide variety of homeware items.

Anko India – Sale is Live:

In this festive season, Anko is delighted to showcase a carefully curated assortment of premium gift choices in Glassware, Dinnerware, Candles and Diffusers, Home Decor, and Kitchenware.

Whether you aim to enhance your home’s aesthetics or discover the ideal gift for your dear ones, Anko’s sale encompasses a diverse range of top-notch products. As an extra treat, Anko is extending a coupon code, “Festive20,” which provides shoppers with extra discounts to further enhance the affordability of their purchases.

Check exciting news: Subway Unveils State-of-the-Art Dual Headquarters in Connecticut

Anko continues to uphold its dedication to offering high-quality homeware items at affordable prices. With the introduction of this significant festive sale, Anko India aims not only to enhance the living spaces of its valued customers but also to strengthen its presence in the Indian homeware retail sector.

With an unyielding commitment to delivering exceptional value, Anko India strives to further establish itself as a leading contender in the Indian homeware market.

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Marico’s innovative flavor strategy propels Saffola to top spot in oats market

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Marico Saffola
Marico Saffola

Marico, a prominent domestic FMCG company, demonstrates its ability to add flavor and outperform the PepsiCo-owned brand Quaker oats.

Marico’s approach of infusing a regional essence into oats, by introducing a savory variant to a predominantly sweet global offering, has propelled Saffola to surpass Quaker as the top brand in the category.

Marico’s Flavor Strategy Propels Saffola to Oats Market Summit!

Saffola currently commands a market share by value of 42%, outpacing Quaker, which stands at approximately 34% (as of MAT December 2022), according to data from Kantar, a marketing data and analytics company. A year ago, Quaker held the top position with a value share of around 38%, while Saffola was at approximately 37%. To clarify, a moving annual total (MAT) represents the total value of a variable over the preceding 12 months.

Saffola oats, offered in both plain and masala varieties, have expanded the snacking possibilities within the category, extending beyond the traditional breakfast niche. In contrast, Quaker primarily emphasizes oats as a breakfast option. Historically, oats have been predominantly enjoyed as a morning meal.

Marico
Marico

Marico’s MD & CEO Saugata Gupta said, “We are proud to have achieved this milestone and emerge as leaders in the oats category… Indians are uncompromising when it comes to taste. With this basic learning, we set out to Indianise oats by addressing the quintessential Indian taste preferences, while seamlessly integrating the health benefits that it offers.”

A PepsiCo spokesperson said, “Quaker is a strong market leader in the oats breakfast cereals segment in India, driven by our 145 years of nutritional expertise. It is not comparable to selectively club other segments that may have oats as an ingredient for calculating market share.”

The oats category is on the rise, with its urban India presence expanding from 11% in MAT July 2020 to 17% in MAT July 2023, as per Kantar’s household penetration data. This category can be broadly classified into two segments: plain oats (with an 11% penetration) and flavored oats (with 8% penetration). Among these, Saffola oats holds the top position with a 11% penetration rate in MAT July 2023, while Quaker oats lags behind with a 5% penetration.

News never heard of: Anko India kicks off festive season with up to 60% off on homeware items

Marico has additionally incorporated millets into its oats lineup, aligning with its approach to provide healthier product options. Competing within the INR 500-crore oats category, other key players include Kellogg’s (holding a share of less than 10%), followed by Bagrry’s (2.5%), and Horlicks (with a share below a percentage point).

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SVB expands portfolio with acquisition of Virginia-based Vita Specialty Foods

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Vita Specialty Foods
Vita Specialty Foods

Vita Specialty Foods, a producer of honey and salad dressings, has been purchased by SVB Foods, a fellow American company.

SVB Foods, headquartered in West Virginia, operates as a contract manufacturer specializing in the production of condiments such as salad dressings, marinades, and sauces. Additionally, the company provides packaging materials.

Located in Virginia, Vita Specialty Foods offers a range of food products through licensing agreements and private label arrangements. The company also features its own brands, with one notable example being Vidalia Onion Vinaigrette.

SVB Acquires Virginia’s Vita Specialty Foods!

SVB Foods acquired Vita Specialty Foods from Vita Food Products, a seafood company based in Chicago, in a transaction with an undisclosed value.

Terry Hess, CEO of SVB Foods, said, “We are truly excited about the acquisition of Vita Specialty Foods. This opportunity allows SVB Foods to respond more effectively to market trends and consumer preferences. Our mission is to provide quality products at a fair price and to do the right thing for our customers, our employees, and our communities.”

The acquisition allows for the expansion of their private labeling and licensing initiatives.

Vita Specialty Foods came into existence in 2002 as a subsidiary of Vita Food Products, established to accommodate the acquisitions of Virginia Honey Company and The Halifax Group, which operated under the name Oak Hill Farms.

Following the acquisition, SVB Foods has confirmed that Virginia will maintain its reputation as a “trusted brand of honey and salad dressings,” and Oak Hill Farms will continue to offer a variety of dressings, dips, and marinades.

Try more news: Pret A Manger teams up with Dallas International to revamp US store formats!

SVB Foods, which has been offering contract packaging services to Vita Specialty Foods since 2012, operates a 70,000 square-foot food manufacturing facility in West Virginia.

The previous owner of the acquired business, Vita Foods, can trace its roots back to 1898. The company markets its seafood products under the brands Vita, Elf, and Grand Isle.

It underwent an initial public offering (IPO) in 1997 before returning to private ownership in 2009. The company was formerly under the ownership of Dean Foods.

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Rare Rabbit unveils India’s largest fashion store in Jaipur’s Horizon Tower

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Rare Rabbit
Rare Rabbit

The Indian fashion brand Rare Rabbit unveiled its largest store in Jaipur, Rajasthan, on Wednesday.

The Horizon Tower in the Pink City is now home to the new store. Sharing a video post on LinkedIn, Karsan Bedi, the senior manager of sales and operations at Company, announced, “Welcome to our biggest store in India, Grand Opening on 25th Oct, Horizon Tower Jaipur.”

Rare Rabbit Achievement:

In April, They achieved a significant milestone by inaugurating its 100th store located at Vega City Mall in J. P. Nagar, Bengaluru.

Check more news: SVB expands portfolio with acquisition of Virginia-based Vita Specialty Foods

Rare Rabbit sells its products through its e-commerce platform, The House of Rare, in addition to various online marketplaces including Myntra, Flipkart, Ajio, Nykaa, and Tata CLiQ.

The brand was established in 2015 by Manish Poddar, a Bengaluru-based fashion retailer, under The House of Rare, which is a subsidiary of Rahamani Textiles Pvt. Ltd.

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Coast & Bloom: Mumbai’s New Culinary Haven

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Coast & Bloom
Coast & Bloom

Coast & Bloom, established by Mitra Walke, finds its inspiration in the enduring customs of Chaitanya and Nav-Chaitanya, which have flourished in Mumbai since the 1990s.

Mitra’s path, stretching from the coastal towns of Malvan to the bustling streets of Mumbai, is profoundly shaped by the legacy of his parents.

At its core, this heritage is built upon fundamental principles like authenticity, cleanliness, transparency, and a dedication to empowering the local community.

Coast & Bloom has emerged with the aim of sharing a diverse range of coastal delicacies with the world.

Coast & Bloom provides a venue designed with coastal inspiration by Nishant Umesh Desai, who serves as the Creative Director at Umesh Desai and Associates.

Coast & Bloom Menu:

The menu at Coast & Bloom has been carefully curated by Chef Prasad Parab, in perfect alignment with the restaurant’s vision.

The menu comprises a meticulously designed array of dishes, drawing inspiration from coastal cuisines around the globe, and skillfully crafted to satisfy a broad spectrum of palates.

It includes classic choices to cater to the older generation, inventive creations tailored for those in the middle age group, and sophisticated, contemporary options designed to appeal to the younger generation.

The menu accommodates diverse preferences, encompassing both vegetarian and non-vegetarian choices, with special attention given to pescetarians.

For those who appreciate fish, a variety of options awaits, ranging from imported selections such as Scallops and Norwegian Salmon to local favorites like Rawas, Pomfret, Tiger Prawns, Bombil, and Lobster.

The menu encompasses a wide culinary spectrum, from the Mediterranean allure of Spanakopitas to the robust and fiery flavors of Mapo Tofu, a renowned Sichuan dish known for its unique spiciness and numbing sensations. Complementing the main courses are rice dishes, including the aromatic Nasi Goreng, the Moplah Biryani, and the delectable Kolambi Khichdi.

The Crab Chopper pays homage to the street-style Indo-Chinese treat, featuring wok-tossed crab meat infused with zesty Indo-Chinese sauces.

The chef’s exclusive selections provide the finishing flourish, featuring a variety of delicacies such as Alaskan Scallops, Norwegian Salmon, Live Mud Crabs, and Nobashi Prawns, each impeccably presented with its distinctive signature flair.

Check more News: Rare Rabbit unveils India’s largest fashion store in Jaipur’s Horizon Tower

The bar menu is inspired by culture, heritage, and culinary traditions, which are blended with contemporary mixology techniques to enhance the overall dining experience.

The bar menu has been thoughtfully assembled to encapsulate the spirit of coastal living. One of its offerings, Nacre, draws inspiration from the Malabar Coastal region and combines a rice-based spirit with Sichuan pepper, creating a delightful harmony with the notes of Raspberry umeshu liqueur.

In homage to India’s rich Ayurvedic heritage, Tapaswani expertly blends Jatamansi liqueur with Gin and Tulsi vermouth, a drink that reveres the country’s cultural foundations.

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Footwear brand Inc.5 secures $10 Million in venture funding for expansion

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Inc.5 Shoes
Inc.5 Shoes

Inc.5 Shoes, a footwear company, recently secured its first venture capital investment, totaling $10 million (approximately INR 83 crore). This funding round was co-led by Mumbai-based Carpediem Capital and included contributions from Param Capital and P3 Venture Fund.

The omnichannel commerce company plans to utilize the funds raised to enhance its senior leadership team, expand into new verticals, and extend the reach of its retail stores and warehouses.

Inc.5 – Famous Footwear Brand!

Headquartered in Mumbai, the company distributes a diverse range of shoes for all genders across various price points. These products are available through its extensive network, comprising 74 proprietary retail outlets, 200 partner retailers, and online platforms.

Established in 1998, this company is under the ownership of the Virji family, based in Mumbai. The company manages several brands, including Atesbe, which offers luxury men’s footwear, Privo, a mid-priced men’s footwear brand, and Inc.5, a brand specializing in women’s footwear.

Try more news: Coast & Bloom: Mumbai’s New Culinary Haven

Amin Virji, the Managing Director of Inc.5, shared that the company has set its sights on operating 100 locations by March 2024, with a subsequent annual expansion plan of adding 40 to 50 more outlets. Additionally, the company is looking to increase its warehouse capacity by over 25,000 square feet.

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Coca-Cola’s India Division Sees Double-Digit Growth in Q3!

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Coca-Cola
Coca-Cola

Soft drinks major The Coca-Cola Company witnessed remarkable performance in the September quarter, with Chairman and CEO James Quincey announcing double-digit growth in both volume and top-line revenue. Moreover, the company achieved its highest gains in value share over the past three years. During an earnings call, Quincey revealed that the company recorded an impressive 2.6 billion transactions in India in the third quarter of 2023. This success was attributed to the company’s commitment to offering affordable products and expanding its sales network into remote rural regions.

“In India, we delivered double-digit volume and top-line growth, which resulted in the highest value share gains over the past three years. We are winning in the market by generating 2.6 billion transactions at affordable price points and driving availability across rural regions,” he said.

Coca-Cola Growth:

The Indian market played a significant role in driving Coca-Cola’s overall growth within the Asia Pacific region and the emerging markets.

During the June quarter, Coca-Cola’s business in India was affected by untimely rainfall, which coincided with the summer season when demand for carbonated beverages typically reaches its zenith.

India played a pivotal role in propelling global growth within Coca-Cola’s Bottling Investments Group (BIG), an in-house division responsible for managing bottling operations in select countries.

“Unit case volume grew 2 per cent, primarily driven by growth in India and the Philippines, partially offset by the impact of refranchising bottling operations,” it said.

India is the fifth largest market for The Coca-Cola Company.

In the Asia Pacific market, Coca-Cola’s unit case volume was “even” as growth in Trademark Coca-Cola and other beverage categories was offset by a decline in water, the company said.

Coca-Cola news
Coca-Cola news

“Growth in India and the Philippines was offset by declines in China and Indonesia,” it said.

The company gained value share in total non-alcoholic-ready-to-drink (NARTD) beverages in the Asia Pacific market, led by share gains in India, the Philippines, South Korea and Japan, the earnings statement added.

Unit case volume means the number of unit cases of company beverages directly or indirectly sold by the company and its bottling partners to customers.

The Atlanta-headquartered company reported an 8.04 per cent growth in its consolidated net operating revenue to USD 11.95 billion.

“Revenue performance included 9 per cent growth in price/mix and 2 per cent growth in concentrate sales. Concentrate sales were in line with unit case volume,” it said.

Its unit case volume grew 2 per cent during the quarter.

“Developed markets grew 2 per cent, driven by growth in Mexico and Japan. Developing and emerging markets also grew 2 per cent driven by growth in India and the Philippines,” said the earning statement said.

Check more news: Footwear brand Inc.5 secures $10 Million in venture funding for expansion

Quincey said the company has delivered an “overall solid quarter”.

“Our leading portfolio of brands, coupled with an aligned and motivated system, positions us to win in the marketplace today, while also laying the groundwork for the long term,” he said.

The company has raised its full-year topline and bottomline forecast in light of its year-to-date performance, Quincey added.

“The company expects to deliver organic revenue (non-GAAP) growth of 10-11 per cent,” it added.

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TasFoods Enters Pet Food Market with Isle & Sky Brand!

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Tasfoods
Tasfoods

TasFoods has made its debut in the pet-food industry by introducing the Isle & Sky brand in Australia.

TasFoods’ Nichols Poultry business unit has introduced a fresh line of pet treats, featuring three premium chicken options for both cats and dogs: chicken necks, chicken neck bites, and chicken wing tips.

TasFoods, headquartered in Launceston, Tasmania, has joined forces with Petbarn, Australia’s specialty pet-products retailer, to introduce this product line in more than 200 stores across the country.

TasFoods Agreement and Deals:

Additionally, the company has secured a distribution agreement with Eastern Distributors, Australia’s largest pet-products wholesaler, serving a network of over 1,400 independent and corporate pet stores nationwide.

TasFoods’ CEO Scott Hadley said, “We are very proud of our new Isle & Sky planet-friendly pet nutrition. Launching with a range of pet treats including chicken necks, wings and neck bites, the offering is unique insofar that it is 100% Tasmanian, human grade, a 100% waste-neutral product, chlorine-free and vet approved.”

In a statement, the publicly-traded conglomerate noted that its foray into the pet food market is a crucial component of a significant strategic overhaul undertaken over the past 18 months.

Hadley added, “We have leveraged our core capabilities at Nichols Poultry to expand to this adjacent, high-growth category to fuel growth in both Australia and beyond once our model is proven.”

Earlier this year, TasFoods underwent a significant development when Bega Group, an Australian dairy company, acquired its Betta Milk and Meander Valley Dairy brands in a deal valued at A$11 million ($7.1 million).

Although TasFoods’ website still reflects ownership of Pyengan

a Dairy, the acquisition by Bega Group encompassed a royalty-free license that permits the company to utilize the Pyengana Dairy brand for their milk and dairy product offerings within Australia.

Check more news: Coca-Cola’s India Division Sees Double-Digit Growth in Q3!

In June, TasFoods additionally revealed the sale of its Shima Wasabi division to Hillwood Berries, a local fruit supplier.

The company achieved a total revenue of A$72 million for the 2022 fiscal year, marking a 2.1% increase compared to its performance in 2021.

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CJ Foodville’s Tous Les Jours Expands to Canada, Aims for 1,000 Stores by 2030!

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Tous Les Jours - CJ Foodville
Tous Les Jours - CJ Foodville

CJ Foodville, the food subsidiary of South Korea’s CJ Group, made a noteworthy announcement on Tuesday as it unveiled the grand opening of its first Tous Les Jours bakery chain store in Calgary, Canada.

Canada marks the seventh country for CJ Foodville’s international expansion efforts. The store finds its home within H-Mart, a renowned supermarket chain known for its specialization in Asian cuisine, right in the heart of Calgary.

CJ Foodville’s Tous Les Jours Expansion:

Tous Les Jours has set its sights on a significant expansion plan, with the goal of opening 120 stores in North America by the end of this year and an impressive 1,000 stores by the year 2030. The brand is gearing up to introduce additional stores in both Toronto and Vancouver to facilitate this ambitious growth.

Back in August, Tous Les Jours marked a momentous occasion as it celebrated its expansion into the United States, its inaugural international market. The festivities included the opening of the 100th store, strategically situated near Manhattan, New York, in Bronxville. Looking ahead, CJ Foodville has laid out plans to establish a bakery plant in Georgia, USA, by the year 2025.

Additional new stories: TasFoods Enters Pet Food Market with Isle & Sky Brand!

With the establishment of the Georgia plant, the brand will be well-equipped to swiftly and effectively meet the surging demand growth in North America.

Tous Les Jours initiated its global expansion journey in 2004, commencing with the United States. Fast forward to September of this year, the brand’s international footprint has now exceeded 400 stores, encompassing locations in the US, Vietnam, Indonesia, China, and Mongolia.

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