Skip to content
Search

Latest Stories

South Asian food group Vibrant Foods appoints Damian Guha as new CEO, Nish Kankiwala as non-executive chair

Guha comes in as Umesh Parmer, the current CEO moves to the role of managing director and will oversee operations, supply chain, and procurement.

South Asian food group Vibrant Foods appoints Damian Guha as new CEO, Nish Kankiwala as non-executive chair

Vibrant Foods, Europe's biggest south Asian food group, has announced the appointment of Damian Guha as its new chief executive officer (CEO) and Nish Kankiwala as non-executive chair.

Guha will replace Umesh Parmer, the current CEO who moves to the role of managing director (MD) and will oversee operations, supply chain, and procurement.


Guha brings with him a wealth of experience and expertise, having served recently as the MD of Upfield’s UK & Ireland team, the world’s leading plant-based food company and maker of household brands such as Flora, Elmlea, and Violife.

He also held in the past several senior positions within Mars and at Marks and Spencer, both in the UK and across Europe.

“To become CEO of a company with such distinctive brands and rich heritage is truly exciting. I would like to express my gratitude to Rohit for his outstanding work as Chair, and I look forward to working together to deliver on Vibrant Foods’ next phase of growth," Guha said.

Incoming non-executive chair Kankiwala currently serves as a non-executive director of John Lewis & Partners and, until recently, was the CEO and chair of Hovis.

It was also learnt that Vibrant Foods' executive chairman Rohit Samani will step aside from his current position and manage the role of a special adviser to the company's board. He held the position since November 2019 and led the acquisition of a number of popular Asian food brands -- TRS, East End Foods, Cofresh, Fudco, and Everest Dairies, to form Vibrant Foods.

It was under his leadership that Vibrant Foods recorded a 58 per cent revenue growth from its inception in 2019 to 2021.

Samani said, “It has been a privilege to serve as the chair of Vibrant Foods and to have led a team that achieved so much. With Damian and Nish at the helm we have two seasoned leaders who I have every faith will build on this momentum. I wish them all the best for the future.”

More For You

Sainsburys-Getty

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector. (Photo: Getty Images)

Sainsbury's warns of profit dip amid supermarket price war

SAINSBURY’s has forecast that profits from its retail operations may remain flat or decline over the coming year as it continues to reduce grocery prices.

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector.

Keep ReadingShow less
Streeting pledges ‘future stability’
for pharmacy with £3.1bn funding
Wes Streeting delivered a video message
Wes Streeting delivered a video message

Streeting pledges ‘future stability’ for pharmacy with £3.1bn funding

HEALTH SECRETARY Wes Streeting said the new £3.1 billion funding package for community pharmacy was a “vital step forward” for the profession as it emerges from a decade of underinvestment and financial strain.

His remarks came at the annual Pharmacy Business Conference last week, attended by more than 240 delegates, including industry leaders who shared valuable insights on funding, independent prescribing, and the role of AI in community pharmacy.

Keep ReadingShow less
Gold

Gold had surged 3.6 per cent on Wednesday after US president Donald Trump ordered an investigation into possible tariffs on all critical mineral imports.

Getty Images/iStockphoto

Gold eases after record high as investors book profits

GOLD prices dropped over 1 per cent on Thursday as investors locked in gains following a sharp rise in the previous session.

The fall came ahead of a long weekend, although gold stayed above $3,300 (£2,481) an ounce, supported by a weaker dollar and ongoing US-China trade tensions.

Keep ReadingShow less
India’s diamond exports hit 20-year low amid weak US and China demand

India handles nine out of every 10 diamonds processed globally

India’s diamond exports hit 20-year low amid weak US and China demand

INDIA’S exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024-2025 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday (14).

India is the largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty – particularly in the US, its biggest market.

Keep ReadingShow less
UK financial watchdog opens first offices in US and Asia

The international expansion forms part of the FCA's new strategy (Photo: Reuters)

UK financial watchdog opens first offices in US and Asia

BRITAIN's Financial Conduct Authority (FCA) has established its first-ever international presence with new offices in the US and Asia-Pacific region, the watchdog announced on Tuesday (15).

Former investment banker Tash Miah began working at the British Embassy in Washington DC in April. In her role, Miah will collaborate with the Department for Business and Trade to improve UK-US financial services policy and help American firms navigate British regulations.

Keep ReadingShow less