Dubai’s Sweetheart Kitchen plans Saudi expansion

Dubai-based cloud kitchen company Sweetheart Kitchen said it plans to use funds from its recently concluded Series C round to expand its brands and reach in the region in addition to investing in technology and talent.

The 15-month old company had raised €15 million ($17.7 million) in Series C funding backed by “strategic investors” after raising a total of €21 million ($25 million) in previous Series A and B rounds.

Sweetheart Kitchen said in a statement that it plans to use the funds from the new round to launch five additional brands, in addition to the 30 in its stable.

It said the company is targeting to have 12 units live in the UAE by the first quarter of 2021 and enter Saudi Arabia in the second half of 2021.

The funds will also be used to relaunch its Kuwait operations that were impacted by the pandemic lockdowns in the Gulf state.

“We plan on re-opening in January with seven kitchens and on covering over 75 percent of Kuwait by the end of second quarter of 2021 with our new brands,” the statement said, quoting marketing head Adib Samara.

CEO Peter Schatzberg said the company would continue to invest in supply chain technology, food design and hiring talent into 2021.

In April, Schatzberg had told Zawya that company was targeting 12-15 units in the UAE and 10-12 in Kuwait in 2020.

https://www.zawya.com/mena/en/business/story/Dubais_Sweetheart_Kitchen_stirs_up_2020_MENA_expansion_plans-ZAWYA20200423035356/

The global cloud kitchen market size was valued at $43.1 billion in 2019 and is estimated to reach $71.4 billion by 2027 with a CAGR of 12 percent from 2021 to 2027, according to Allied Market Research.

(Writing by Anoop Menon; editing by Daniel Luiz)

[email protected]

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020

Source Article

Read more

WATCH NOW: Big expansion underway at food incubator Hatch Kitchen RVA | Business News

From its initial space in one of the Clopton Siteworks buildings, Hatch Kitchen is now expanding into two other buildings next door to the first one. It will have a total of about 50,000 square feet with the expansion.

Besides opening a new cafe’ in its first building at 2600 Maury St., Hatch also has opened six new, private kitchen suites, along with a new kitchen space designed specifically for bakery operations. The site also includes private offices and a conference room.

Next door to the first Hatch Kitchen building, construction crews are putting the final touches on renovations of the second building, which houses a new temperature-controlled butchery area, a USDA certified facility to process meat-based food products that will be sold in stores.

Currently, the closest short-term rental for small producers in the meat business is in Maryland, according to Lynx Ventures.

The new facility also has a commercial wood smoker for meats. 

“We have a client that is very serious about their barbecue and wood smoking, so we decided to get this for them to use,” Green said. “You can smoke something like 250 pounds of meat in here at a time. A lot of the indoor smokers that you see use pellets or sawdust, but not this guy. This is the real deal.”

Another room in the second building includes a new bottling and labeling operation for Hatch’s subsidiary business, Hatch Packaging. That room also includes a 150-gallon kettle for cooking, with room for additional kettles in future expansions.

Source Article

Read more

COVID-19 Recovery Analysis: Cordless Garden Equipment Market | Product Innovation And Portfolio Expansion to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cordless garden equipment market and it is poised to grow by $ 512.38 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Blount International Inc., Deere & Co., Emak Spa, Hitachi Ltd., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, and The Toro Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Product innovation and portfolio expansion has been instrumental in driving the growth of the market. However, fluctuations in raw materials prices might hamper market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Cordless Garden Equipment Market 2020-2024: Segmentation

Cordless Garden Equipment Market is segmented as below:

  • Product
    • Lawn Mower
    • Trimmer And Edger
    • Brush Cutter
    • Chainsaw
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Cordless Garden Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cordless garden equipment market report covers the following areas:

  • Cordless Garden Equipment Market Size
  • Cordless Garden Equipment Market Trends
  • Cordless Garden Equipment Market Industry Analysis

This study identifies numerous marketing campaigns to increase product awareness as one of the prime reasons driving the cordless garden equipment market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Cordless Garden Equipment Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information
Read more

COVID-19 Recovery Analysis: Cordless Garden Equipment Market | Product Innovation And Portfolio Expansion to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Sep 16, 2020–

Technavio has been monitoring the cordless garden equipment market and it is poised to grow by $ 512.38 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005795/en/

Technavio has announced its latest market research report titled Global Cordless Garden Equipment Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Blount International Inc., Deere & Co., Emak Spa, Hitachi Ltd., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, and The Toro Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.


View market snapshot before purchasing

Product innovation and portfolio expansion has been instrumental in driving the growth of the market. However, fluctuations in raw materials prices might hamper market growth.


Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Download a Free Sample Report on COVID-19 Impacts

Cordless Garden Equipment Market 2020-2024: Segmentation

Cordless Garden Equipment Market is segmented as below:

  • Product
    • Lawn Mower
    • Trimmer And Edger
    • Brush Cutter
    • Chainsaw
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Cordless Garden Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cordless garden equipment market report covers the following areas:

  • Cordless Garden Equipment Market Size
  • Cordless Garden Equipment Market Trends
  • Cordless Garden Equipment Market Industry Analysis

This study identifies numerous marketing campaigns to increase product awareness as one of the prime reasons driving the cordless garden equipment market growth during the next few years.


Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.


Register for a free trial today

Read more