Category: Food
The investment company behind Keurig Dr Pepper, sandwich chain Pret A Manger, Krispy Kreme Doughnuts, JAB Holdings, Caribou and Peet’s coffee, Einstein Bros Bagels who are aiming to raise as much as £6.5bn ($8bn) from investors to further its multi-year acquisition spree in the consumer sector. The company which manages the fortune of Germany’s billionaire…
The Colombian Agriculture and Fishing Institute (ICA) has confirmed the arrival of Panama TR4 disease, a soil-dwelling fungus that has devastated plantations in South-East Asia over the past 30 years. Now it threatens Cavendish banana which accounts for half of global production and 95 per cent of the world’s exports. The ICA has declared a…
Victor Li Tzar Kuoi, the Hong Kong billionaire and son of the LI Ka-Shing acquired Greene King in the midst of weak pound to strike a £4.6bn deal for the UK’s biggest listed pubs and brewery group. CK Asset Holdings, the property investment firm founded by Li Ka-Shing (91) and run by Victor, his son,…
Rio’s Piri Piri at 112 Lisson Grove London NW1 6UL opened on April 5th this year and is the third branch in London joining Croydon and Wembley. There are eleven more outside the London area. Rio’s Piri Piri branches first opened in 2015. Affiliated with Deliveroo Just Eat and Uber Eat, with a minimum order…
Coca-Cola known for its eponymous Caffeine-based drink, but the firm now appears to be experimenting with a different drug: cannabis. The drink giant is in talks with local producer Aurora Cannabis about developing marijuana-infused beverages. Although these drinks would not intoxicate customers but supposed to relieve pain. “Along with many others in the beverage industry,…
OYO, a fast-growing Indian hotel chain backed by Softbank, is investing £1.6bn ($2bn) to triple 25-year-old Ritesh Agrawal, the founder’s stake to 30 percent from 10 per cent in the company while light speed and Sequoia, its US backers partly cash out. The share buyback pushes OYO , the World’s third-largest hotel chain behind InterContinental…
The takeover of the Ei Group will add 4000 new publs to Stonegate Pub company’s ( owner of Slug & Lettuce) 765 existing locations . Simon Longbottom, CEO of Stonegate is owned by the Cayman Island registered private equity group TDR Capital said that although the deal ” slightly dwarfs what we’ve done before the…
Just Eat has strengthened its board by poaching Jambu Palaniappan, ex-head of Uber Eats in Europe, the Middle East and Africa. They hope to satisfy activist investors who say the food delivery firm should be sold. Online takeaway firm Just Eat’s new executive director Jambu Palaniappan, from Tech Investment firm Atomico, Mike Evans, chairman of…
Five people have been arrested and questioned over alleged accounting fraud at the Patisserie Valerie chain according the Serious Fraud Office. The arrests took place last Tuesday, 18 th June 2019, in a joint operation with police, the SFO said. It took eight months after the firm’s former finance director Chris Marsh was arrested and…