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Fusion Food Bags Strategic Investment From UDS Chennai based industrial catering company Fusion Foods and Catering has raise strategic investment from Update Service Private Limited (UDS). Fusion Foods counts several IT and industrial houses among its clients and delivers over 35,000 meals and 55,000 beverages daily. For Update Service Private Limited, a facilities management player, this transaction marks its foray into the industrial catering space. Transaction Involved UDS providing an exit to angel investors and also funding future growth. V P Rajan, associate director, Veda Corporate Advisors, said, "Fusion Foods is one of the leading home grown industrial caterers in South India and has built a strong reputation in the highly competitive food services space. Fusion Foods and UDS will cross leverage on their respective strengths to provide an integrated FMS & catering solution to their clientele across South and West India."

Cookie Maker Unibic Eyes 10% Market Share In 12 To 18 Months Premium cookie maker Unibic eying a market share of over 10% in next 12 to 18 months. Cookie market in India is pegged at Rs 7,500 cr, split equally between the premium and mass segments. Foods Managing Director Nikhil Sen said "Our ambition is to have more than 10 per cent market share nationally in the total cookie market over the next 12-18 months. In the premium-end, in the four markets of South, we have double digit market share. Our presence in the North, East and West is much smaller. We plan to improve our footprint in these three areas that we are not that well available in. We have 900 distributors and close to 60 per cent of our volume comes from traditional trade. We will expand by putting feet on the street in the areas we are under weighted, in terms of market share and try and garner market share there. Our target would be to reach half a million outlets in couple of years. We just inv...

FMCG Company Hindustan Food To Acquire Reckitt Benckiser FMCG firm Hindustan Foods (HFL) said it will acquire the pest products manufacturing factory of Reckitt Benckiser India (RB) at Samba, Jammu as a going concern on a slump sale basis. Transfer of the unit from RB to HFL and start of operation by HFL will take approximately two months as HFL is required to complete all legal documentation. Company said in a BSE filling “HFL is in the process of acquiring the factory as a going concern on a slump sale basis and also the leasehold rights over the factory from the State Industrial Development Corporation (SIDCO, J&K”. HFL has also entered into a supply agreement on October 26 for supply of pest products to RB which will commence from closing date to be decided by the two parties. Last December, company took over a Hindustan Unilever enterprise, Ponds Exports Ltd, engaged in leather business. HFL MD Sameer Kothari said "We are conf...

Hard Rock Cafe Back With Its Taste Of Mexico Festival Rock cafe India is back with its Taste Of Mexico festival aiming to present different tastes from maxican cuisine. Two month long festival started on Thursday across all outlets in India, including in Mumbai, Delhi, Pune and Hyderabad. Jay singh, Co- founder and Director, JSM Corporation said” trend of fusing ethnic flavours creatively has more prominence today than before. Not only the consumers in India have become extremely receptive to international flavours but also have developed a great fondness towards it. With 'Taste of Mexico', we aim to offer our guests the most distinctive, flavourful and delectable Mexican experience. We've ensured the use of traditional Mexican spices, ingredients and recipes to provide you n experience like never before”. Menu boasts an array of signature delicacies like the Albuquerque special vegetarian burrito, samosettes filled with spicy corn and cheddar cheese, ...

ITC To Expand Its Skin Care Products Through Charmis Brand ITC, Country’s most valuable consumer goods company is extending the newly acquired Charmis brand to a range of skincare products that would compete with Hindustan Unilever’s Pond’s and Nivea, and help scale up ITC’s presence in the high-margin personal-care business. Sameer Satpathy, ITC’s personal-care products business chief executive said “There are very few brands that have face equity, and women are particularly sensitive to what they apply on their face. Charmis has face equity since it has a lot of nascent goodwill. We will make the brand contemporary and eventually extend it into several categories positioned in the mass segment. The rejuvenation will take place next year. ITC’s acquisition of Charmis in June has been low-key and was not announced. The conglomerate has acquired the rights for South Asia, and some African and Middle Eastern markets”. Acquired from Colgate-Palmolive, the Charmis crea...