Devyani International, one of the country's leading quick service operators, on Thursday said its subsidiary Sky Gate Hospitality has sold its stake in Peanutbutter and Jelly to Heritage Foods. Peanutbutter and Jelly Pvt Ltd owns health-focused 'Get-A-Way' brand, which produces high-protein, no-added-sugar ice creams and desserts. "Sky Gate Hospitality, a subsidiary company had executed a Share Purchase Agreement with Heritage Foods for sale of its entire 51% equity stake held in Peanutbutter and Jelly a subsidiary of Sky Gate and a step-down subsidiary of the Company," said a regulatory filing from Devyani International Ltd (DIL). Consequently, Peanutbutter has "ceased to be a subsidiary of Sky Gate and a step-down subsidiary of the Company with immediate effect," it said. DIL had last year acquired Sky Gate Hospitality, which owns brands such as Biryani By Kilo and Goila Butter Chicken. Last week, DIL, part of the Jaipuria family-promoted RJ Corp Group, had announced the merg
The dairy company's Rs 9-crore investment marks its entry into the healthy dessert segment, with an option to raise stake to 71% by March 2026
Doctors have long recommended that infants avoid peanuts. But in 2017, experts officially reversed that guidance, and food allergies decreased sharply
This peanut butter has No added sugar, salt & oil," said Smerth Khanna
Oral immunotherapy (OIT) is a treatment in which a patient consumes small amounts of an allergenic food, such as peanut, with the dose gradually increased to a target maximum (or maintenance) amount
Peanut allergies are responsible for more deaths from anaphylaxis, than any other food allergy