AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger

AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger

AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger “It’s time that Africa gets recognition for its status in the world as an economic powerhouse on a stable path to growth,” says John Thomson of Exhibition Management Services, the organisers of Africa’s Big Seven (AB7) food and beverage expo. AB7 takes place from 19 to 21 […]

Crisis not yet over for the big four, says Sainsbury’s chief

Crisis not yet over for the big four, says Sainsbury’s chief

UK’s biggest supermarkets have not yet reached the low point in the crisis caused by the rise of German discounters Aldi and Lidl, says Sainsbury’s, the country’s second biggest supermarket. Sainsbury’s and its “big four” British adversaries, Tesco, Wal-Mart’s Asda and Morrisons, have seen share, profits, and sales hit by a severe price war to […]

Deliveroo gets $100m for global expansion

Deliveroo gets $100m for global expansion

Deliveroo, the London based food delivery startup has amassed $100m (£66m) from different venture capital funds including Facebook stakeholders Accel and DST Global to fuel the company’s global expansion project. The funding round is Deliveroo’s third this year, bringing its aggregate capital brought up in the previous 12 months to $195m. Will Shu, CEO, said […]

Fresh Market’s Profit declines in Q3

Fresh Market’s Profit declines in Q3

Specialty grocer Fresh Market Inc.reported a 33% slide in benefit for its most recent quarter, hurt by charges attached to store terminations and administration changes and a decrease in deals at well-established stores. The weaker results come after the organization said a month ago that it would direct an audit of its choices, including a […]