Unlike his predecessor, Ray will head a unit that is strategically more important to the parent company and will report directly to top executives at the firm's headquarters
With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption
Half of Rs 11,000 crore kitty utilised, says CEO Krishnakumar
The country's largest aerated drinks company is focusing on driving in-home consumption - deviating from its out-of-home strategy.
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25
Operation of all units barring those manufacturing essential commodities has been banned during the lockdown, they added
A recent report pegged the economic losses due to the New Delhi riots alone at Rs 25,000 crore.
Company feels new products across consumer price points will help the company reach its goal of making India its third largest market globally
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
Brands and franchises get ready to put their best pitch forward over an exhausting tournament calendar
As a part of the transition, Hindustan Coca-Cola Beverages divested three of its existing plants in the region - one each in Ghaziabad, Varanasi, and Jammu
As part of the realignment, HCCB is transferring operations in four territories in north India to existing bottling partners of the company, Coca-Cola said in a statement
The move comes as India emerges the fourth-largest market for Coke's premium water brand 'smartwater', launched in 2018
Unilever is tying up with plastic collectors and recyclers in all developed countries and in large developing markets like India
Led by top beverage makers - PepsiCo Holdings, Coca-Cola India, and Bisleri International - the programme is a producer-led-and-owned plastic waste management venture, a first of its kind
Sethi, now in her mid-forties and a chartered accountant with more than 15 years of experience in corporate finance, had worked for Sainsbury's and Viacom in London before joining Coca-Cola in 2008
Coca-Cola Atlanta office is leading the talks to acquire a substantial stake in the coffee chain
The seeds of a potential turnaround were sown in 2016, when the firm began to revamp its portfolio to match changing consumer needs
After a successful pilot, Coca-Cola has decided to expand its frozen fruit dessert offering in major metros. This is part of company's strategy to build a portfolio beyond carbonated drinks.Coca-Cola India president T Krishnakumar said that by summer the company plans to take the offering in the top five metros. The company has been testing this product in Bengaluru.While it will be coming out from dispensers and served in cups, still the company don't wanted to call it as an ice cream and prefer to call it as 'Frozen Fruit dessert' as it will not have dairy or no added sugar.These will be made of locally sourced fruits. And these are not pure beverages."We are creating a new segment itself," said KrishnakumarThe company first started testing the market with whipped frozen fruit desserts in Australia more than two years ago, under the brand name Perfect Fruit.In every city the company is planning to install 30-40 dispensers and initially the investment on the machines will be from ...