Lotte

FSSAI issues notices to Lotte India, 2 others over misleading claims

Food regulator FSSAI has issued notices to Lotte India, Ferns N Petals and Kubera Foods for misleading claims and violation of labelling norms on their various food products. In a social media post on Instagram, FSSAI said these companies have been directed to explain within 7 days as to why action should not be initiated against them under the provisions of the FSS Act, 2006. Food Safety Standards Authority of India (FSSAI) has issued notice to Lotte India Corporation Pvt Ltd "over utilisation of non-compliant pre-printed labels and misleading labelling claims on various food products." FSSAI observed several instances of non-compliance by Lotte India. "The company utilised non-compliant pre-printed labels bearing the old company name "Lotte India Corporation Ltd" without obtaining prior approval," it added. Moreover, Lotte Choco Pie with Rich Marshmallow, Lotte Choco Pie Real Orange and Lotte Choco Pie Choco Burst bear the claim '100 per cent vegetarian', which has been found to

Lotte appoints Debabrata Mukherjee as MD for Havmor Ice Cream business

LOTTE India Corporation on Wednesday announced the appointment of Debabrata Mukherjee as Managing Director for its Havmor Ice Cream business. Mukherjee will head the Ice Cream Division under Havmor Ice Cream, according to a statement issued by Lotte India Corporation. Lotte India Corporation is part of South Korean multinational food company Lotte Wellfood Co. In his new role, Mukherjee will lead the strategic direction and business growth of LOTTE India's ice cream portfolio, steering innovation and expansion for Havmor Ice Cream, the company said. Mukherjee has over three decades of experience in leadership, business strategy, marketing and innovation. Prior to this, he served as the Managing Director and CEO of Bata Shoe Company (Bangladesh) Ltd. He has also held senior leadership roles at The Coca-Cola Company across India, South Korea, and South-West Asia for 20 years. Lotte India Corporation, already well recognised in India for its iconic Choco Pie and candy portfolio, and

Lotte India eyes ₹3,000 crore revenue by 2027 after Havmor merger

Lotte India sets sights on Rs 3,000 crore revenue by 2027, launches Korean snack Pepero, and invests Rs 475 crore in Rohtak to scale up domestic manufacturing

Lotte Wellfood to invest $300 mn in India for capacity, supply chain growth

The merger of Lotte India and Havmor Ice Cream India to be completed in March

South Korea's Lotte to invest Rs 450 cr in Indian unit Havmor Ice Cream

Money will be used for new production facility in Maharashtra

Lotte Confectionary to invest Rs 450 cr in Havmor Ice Cream in 5 years

Its Talegaon plant would be operational by the fourth quarter of 2024, in which Lottee range of premium ice cream would be manufactured

Shin Kyuk-ho, founder of South Korean retail conglomerate Lotte dies at 97

Lotte is one of the biggest of the South Korean family-run "chaebol" conglomerates

Lotte picks up the confectionary trail, puts spotlight back on Coffy Bite

The Korean major that owns Parry's Confectionary turns to an old faithful brand, Coffy Bite, to push its way forward in the candy and gums business

South Korea's Lotte Group founder jailed for embezzlement, corruption

The Seoul Central District Court cleared the executive of some counts of breach of trust and also of embezzlement