Skip to content
Search

Latest Stories

Hyperama Foods to sell Nottingham, West Bromwich depots to Dhamecha Group

The development happened after the recent sale of Hyperama’s foodservice business Tiger Foods to Unitas member Giro Foods.

Hyperama Foods to sell Nottingham, West Bromwich depots to Dhamecha Group

HYPERAMA Foods has confirmed the sale of two depots at Nottingham and West Bromwich to Dhamecha Group and the announcement has come following the sale of Hyperama's foodservice business Tiger Foods to Unitas member Giro Foods last month, Unitas Wholesale said in a press release.

Expressing his delight over the sale of the two depots, Hyperama managing director (MD) Marcus Singh said, "I could not have wished for a better business to acquire the sites and take the business forward. Dhamecha is a fantastic operator and has successfully expanded already into the Midlands and I know I am leaving my employees, customers and suppliers in good hands.


"I would like to take this opportunity to give thanks to God, my parents, and grandparents for providing me with this platform and my supportive wife. I am looking forward now to “turning the page” onto the next chapter of our business development."

John Kinney, Unitas Wholesale MD, said, "This is a great acquisition for Dhamecha Group as they continue with their expansion plans outside of London. Knowing the Dhamecha business as I do, I know they will be successful in Nottingham and West Bromwich, and this is only good news for the existing customers in the region and our suppliers who work with them, as I expect to see significant growth from these two sites once the Dhamecha team is fully up and running."

He added, "I am also pleased that Marcus will remain a Unitas Wholesale member with his “JK Foods” East Asian Foods distribution business, as a longstanding member of Landmark and former Board Member of Unitas Wholesale, it is great that Marcus will still be involved."

The depots at Nottingham and West Bromwich will transfer to Dhamecha Group effective November 14.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less