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Lighthouse Funds invests ₹700 crore in Parsons Nutritionals

lighthouse invests in parsons dairynews7x7

Private equity fund Lighthouse Funds has invested ₹700 crore in Parsons Nutritionals—a contract manufacturer specializing in packaged foods, beverages, and personal care products. The round saw participation from co-investors of Lighthouse, including the International Finance Corporation (IFC), a member of the World Bank Group, Evolvence India, HDFC AMC’s Fund of Funds, and various family offices. Parsons […]

Telangana food lab confirms unsafe Cadbury chocolates

Telangana food lab confirms unsafe Cadbury chocolates - Dairy News 7X7

Telangana State Food Laboratory has confirmed that Cadbury Chocolate (Roasted Almond) purchased at Ratnadeep Retail in Hyderabad was found to be unsafe for consumption due to the presence of white worms and webs inside. The incident came to light when activist Robin Zaccheus, based in Hyderabad, discovered worms in chocolates bought at Ratnadeep Metro Supermarket […]

Mondelez scraps lower-sugar Cadbury Dairy Milk

Mondelez scraps lower-sugar Cadbury Dairy Milk - Dairy News 7X7

Mondelez International is to end the production of a version of its Cadbury Dairy Milk that contains 30% less sugar than the flagship bar. The confectionery giant launched the bars in 2019 as part of efforts to cut sugar in the products it sold in the UK and Ireland. At the time, the US giant said […]

Social media is a bane disguised as boon, Or is it the opposite ?

Social media is a bane disguised as boon, Or is it the opposite ? - Dairy News 7X7

Sugar is not the problem with Bournvita. 200 ml of milk with one serving of Bournvita contains 6.5-7.5 gms of added sugar only .Which is far less than sugar found (14-20 gms) in 200 ml of other drinks including fruit juice drinks sold in local markets. Social media is a part of our lives now. […]

Cadbury and Oreo brand see a Covid disruption in western India

Cadbury and Oreo brand see a Covid disruption in western India - Dairy News 7X7

Confectionary major Mondelez on Wednesday said it expected some pockets of disruption in India, amongst its key markets, because of the surge in Covid-19 cases over the past one-and-a-half months. The firm, which follows a January-December accounting calendar, is best known for chocolate brand Cadbury and biscuit label Oreo in India. Addressing investors during a […]

DAIRY NEWS Mondelez extends Bournvita into cookies, second brand extension in 2020

DAIRY NEWS Mondelez extends Bournvita into cookies, second brand extension in 2020 - Dairy News 7X7

Food major Mondelez is extending its Bournvita brand into the cookie space, marking its second extension of the brand in five months. In August, the company had entered breakfast cereals via Bournvita, launching it in two markets, including Maharashtra and Andhra Pradesh. The back-to-back launches point to a larger game plan that the company has […]