Business

Indian biscuits and cake maker Anmol Industries has filed for an initial public offering. Pic: Anmol

Indian biscuit giant Anmol Industries files for IPO

By Gill Hyslop

Anmol Industries - a branded packaged food company focussing on biscuits and cakes - has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

A bread shortage would result in millions of Zimbabweans going without a basic staple. Pic: ©GettyImages/Golden_Brown

Zimbabwe could face a bread shortage

By Gill Hyslop

The Grain Millers Association of Zimbabwe spokesman Garikai Chaunza said the country had a week’s supply of wheat left, which means millions of Zimbabweans could be left without the daily staple.

Impulse snack purchases are a common yet declining consumer habit, Euromonitor finds. ©GettyImages/Wavebreakmedia

SWEETS & SNACKS EXPO

Are impulse snack purchases under siege? Euromonitor explains

By Mary Ellen Shoup

Nearly 70% of in-store snack purchases are unplanned -- indicating that impulse snack shopping is a shared habit among most consumers, Euromonitor senior analyst Jared Koerten said at the Sweets & Snack Expo in Chicago yesterday.

Modern Pop uses whole fruit as its primary ingredient. Pic: Modern Pop

Market investment

Frozen snacks maker Modern Pop receives new investment

By Douglas Yu

Frozen fruit bars producer Modern Pop hopes to gain market share and grow rapidly with a new round of investment from three venture capital firms: Cambridge Companies SPG, Rocana Venture Partners and Steelpoint Capital.

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