In what would be one of the most significant consolidation moves in the sector, Uber Eats, the food delivery arm of the global ride-hailing platform, is in final stages of negotiations to sell its India business to rival Swiggy, three people privy to the development told ET. The deal, which is expected to close by […]
American breakfast cereal giant Kellogg’s — also the world’s second-largest snack foods company — is eyeing a stake in India’s leading snack maker Haldiram’s, as it seeks to diversify its local portfolio nearly 25 years after entering the market. Both sides are in talks under an exclusivity agreement that would lapse this month end, said […]
Restaurant franchise management company Yellow Tie Hospitality Management LLP, which operates over 10 brands under exclusive licensing agreements for US-based Genuine Broaster Chicken, UK’s Wrapchic and Just Falalfel from Dubai, has acquired casual dining brand Bombay Blue from Everstone Equity-owned Blue Foods for an undisclosed amount. Read the full article
More than two-thirds of India’s top restaurants and cafe chains either saw losses widening or posted lower profit during FY18 due to the rollback of input tax credit (ITC), inflationary pressures, hyperlocal delivery services and overheads such as steep rentals. Read the full article
