The Saudi Public Investment Fund (PIF) has announced plans to buy 50% stake in Adeptio Group’s, which controls the Kuwait Food Company (Americana). However, financial details of the transaction were not disclosed. Saudi Arabia's ...
Tags: Kuwait Food, Food
US-based Yum! Brands has entered into an agreement with Primavera Capital and Ant Financial Services to invest a total of $460m in Yum China. While Primavera Capital is a China-based global private equity firm, Ant Financial is an online ...
A Dubai-based investment group led by businessman Mohamed Alabbar has agreed to acquire a majority stake in the Kuwait Food Company, which is known as Americana, for nearly $2.4bn. The consortium Adeptio headed by Emaar Properties PJSC ...
US-based restaurant chain Pizza Hut has decided to eliminate artificial preservatives and reduce antibiotics in its food products, in a bid to improve food quality. The company said that it would stop using butylated hydroxyanisole (BHA) ...
Tags: Pizza Hut, Food Products
The Cancer Council and the National Heart Foundation have released a report claiming Victorian fast food chains do not provide sufficient nutritional information. In the “Investigation into kilojoule menu labelling in Victorian ...
Tags: Fast Food Chains, Cancer
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
Ten defendants representing the Shanghai and Hebei branches of Husi Food Company, a former supplier to McDonald's, KFC and Pizza Hut, have stood trial on charges of producing and selling shoddy products. The ten people and the two ...
Tags: Fast Food Chain, Meat Scandal
Pizza and pie is not a usual match but Pizza Hut and Four’N Twenty are coming together to give it a shot. Announced by Pizza Hut yesterday, the iconic Australian Four’N Twenty pie will be featuring as part of a pizza called ...
Walking around the recent Mobile World Congress and its parallel show Four Years From Now, it was hard to miss all the cars parked in the show booths. Over the last few years, cars have had an increasingly noticeable presence at the ...
Private equity firm India Value Fund Advisors (IVFA) is set to expand its investment in food sector. The new investments will be led by Haresh Chawla, a partner of IVFA and the former CEO of Network18. The company will also expand its ...
Tags: Food Sector, Agriculture
Brazil Fast Food Corp, one of the largest food service groups in Brazil with 1,235 points of sale, operating under (i) the Bob's brand, (ii) the Yoggi brand, (iii) KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and (iv) ...
Tags: Brazil Fast Food, Agriculture, Food
Kuwait's al-Kharafi family, the owners of Americana food brand, is reportedly seeking to sell the food unit. Currently, no formal process has commenced for the proposed sale; however, the owners are working with financial advisory firm ...
Tags: Americana food brand, food unit
An analysis of takeaway pizzas, including those from major Australian chains, supermarkets and gourmet independent outlets, showed more than half of the pizzas tested had more salt, sugar or fat in their products than stated on the ...
Tags: Agriculture, Food, pizzas
Here are some of the latest health and medical news developments, compiled by the editors of HealthDay: SafeSpout and SafeShower Water Filtration Products Recalled At least one death has been linked to recalled SafeSpout and SafeShower ...
The statistics can be staggering: one in six Americans will get sick from food poisoning this year (that's nearly 53 million people). A very likely place for food poisoning is in the home: the U.S. Centers for Disease Control and Prevention ...