Author: HBI Staff | Hyderabad
According to The New York Post, amid a significant sales slump, American fast-food giant Subway has convened an emergency meeting with its 19,000 eateries across North America. Subway has experienced a troubling decline in profits and sales, prompting urgent action. In April 2024, Subway was sold to Roark Capital for $9 billion, adding the chain to a portfolio that includes The Cheesecake Factory, Dunkin’, Baskin Robbins, and Arby’s. However, recent setbacks have led Subway to instruct its franchisees to devise new strategies to revive customer traffic and reclaim lost market share. In a communication to its franchisees, Subway emphasized the…
According to Bangalore Mirror, a delay by the government in issuing a final notification on the revision of liquor and beer prices has led to a shortage of premium liquor brands in the market. Although the government had announced plans to align liquor prices with neighboring states, the final notification has yet to be released, despite a draft being issued over a month ago. On June 21, the excise department issued a draft notification proposing a reduction in price slabs from 18 to 16 and revising the prices of various types of liquor, excluding beer and wine. The department had invited…
According CNBC- TV18, after selling an impressive 500,000 bottles in its first year, Sanjay Dutt’s Glenwalk Scotch Whisky is now gearing up to enter the premium whiskey segment and broaden its global footprint. Launched in June 2023, Glenwalk marked Dutt’s debut in the alcoholic beverages industry. Glenwalk was co-founded in partnership with Cartel Bros, a premium whiskey company established by Moksh Sani, Jitin Merani, Rohan Nihalani, Manish Sani, and Neeraj Singh. Notably, Moksh Sani also founded the alcohol retail chain Living Liquidz. Sanjay Dutt serves as the brand partner for Glenwalk, which has quickly made its mark in the market.…
AAFT School of Hospitality & Tourism is thrilled to welcome Chef Varun Inamdar, a distinguished figure in the culinary world, as the new Industry Dean. His appointment marks a major milestone in AAFT’s ongoing pursuit of excellence in hospitality education. With over two decades of experience, Chef Varun Inamdar is widely recognized for his culinary expertise and innovative approach. His contributions to Indian cuisine have earned him two National Awards, and his influence extends far beyond the kitchen. As a food stylist, he has been involved in more than 400 TV commercials, and his creativity has played a key role…
Hafele’s Loox Range has been meeting the demands for lighting in furniture as well as the growing needs for networking and digitalization since the last 10 years. The solutions offered within this range maximize simplicity and flexibility as well as assure high reliability. The range presents itself as a unique combination of elegant design and state of the art technology making it the perfect choice for any home furniture application, be it Task Lighting for Kitchen cabinets and plinths, Decorative Lighting for Living Room Showcases, Mood Lighting for Bedroom Applications or pure Functional Lighting in Wardrobes. With the ever-increasing demands…
The Institution of Directors (IOD) has honored senior IAS officer G Kamalavardhan Rao with the prestigious ‘Distinguished Fellow’ award. The award was presented by Union Law Minister Arjun Ram Meghwal during a ceremony in New Delhi. A distinguished jury, chaired by former Supreme Court Chief Justice UU Lalit, selected Rao for this esteemed recognition, which is awarded to top-performing civil servants across the nation. Kamalavardhan Rao is one of only three All India Service (AIS) officers recognized as changemakers with this award. He has been serving as the CEO of the Food Safety and Standards Authority of India (FSSAI) for…
Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI) has reported a 55.7 per cent year-on-year jump in its Profit After Tax (PAT) (excluding exceptional items) at INR 40.1 crore for the quarter ended June 30, 2024. The company had recorded a net profit of INR 25.7 crore in the same period a year ago. The maker of Mansion House Brandy, India’s largest and world’s second-largest selling brandy, Tilaknagar Industries’ revenue increased to INR 313.2 crore in the quarter ended June 30, 2024 as against INR 304.1 crore in the corresponding period a year ago. Amit Dahanukar, Chairman and…
The hospitality sector continued to witness Year-on-Year (YoY) growth in performance in Q2 2024 (April-June, 2024), primarily driven by a rise in Average Daily Rate (ADR), resulting in a RevPAR growth of 4.8%. The second quarter recorded a dip in occupancy levels which can be attributed to the onset of summer vacations and a subsequent decrease of corporate travel. Due to this, the sector also noted a dip in RevPAR growth of 15.9% Q-o-Q in Q2 2024, compared to Q1 2024. This can be attributed to the second quarter of the year typically being the lean season for the sector…
India Tourism Development Corporation (ITDC), a public sector entity under the Ministry of Tourism, announced its Q1 results for FY 2024-25. In Q1 of FY 2024-25, the corporation reported a total turnover of INR 87.62 crores, while Profit before Tax (PBT) hit INR 10.12 crores M.R. Synrem, IAS, Managing Director of ITDC, commented, “This quarter’s performance reflects our ongoing efforts in maintaining steady operations and service quality. Our team has continued to deliver consistent results, ensuring that we remain on track with our strategic objectives. Our focus remains on delivering extraordinary customer service. We are committed to adapt and evolve…
Sterling has recently opened its latest resort Sterling Banashree Badami, a quaint getaway nestled in the ancient heritage city of Badami, Karnataka. The new property in this hidden gem, marks a significant addition to Sterling’s portfolio of 50 plus resorts across India and offers a unique blend of historical charm, adventure and natural beauty. Badami, nestled in the heart of Karnataka, is a treasure trove of ancient heritage and architectural marvels. Known for its stunning rock-cut cave temples with intricate carvings, Badami offers a glimpse into the grandeur of the Chalukya dynasty. Pattadakal, nearby is a UNESCO World Heritage site…
