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Category: Food

Retail Asia28/11/2023
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Food

Yakult opens first coffee store in Japan

1min0
Japanese probiotic beverage Yakult has opened its first coffee location in Japan’s Utsunomiya, which doubles as a service centre. The Yakult Gohonmaru Cafe & Gallery, which opened last month, has two levels and includes a beauty salon as well as a gallery. On the first floor, visitors can try Yakult ice cream, chiffon cakes, and tiramisu with […]
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Retail Asia28/11/2023
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Food

Tomoro Coffee debuts in China, eyes SE Asian growth

1min0
Indonesia cafe chain Tomoro Coffee has entered the Chinese market, opening in Shanghai’s Qingpu E Link World Industrial Park. And the retailer says it is now targeting expansion in Southeast Asia. Tomoro Coffee opened its first store in Indonesia in August last year and has since expanded to 200 stores nationwide. The Jakarta-based coffee shop […]
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Retail Asia28/11/2023
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Food

PepsiCo to support Aussie farmers’ greenhouse gas reduction efforts

2min0
PepsiCo has unveiled the third year of its Positive Agriculture Outcomes (PAO) accelerator, a global initiative to address critical agriculture challenges while advancing its pep+ (PepsiCo Positive) agenda. As part of this program, the company supports eight innovation projects across nine countries, including a project with Australian grain growers to test and validate soil health management practices […]
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Retail Asia27/11/2023
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Food

Australian beef production on the rise amid global decline

3min0
Despite a global trend of production decline, beef production in the southern hemisphere – including Australia – is on the rise, reports Rabobank in the Global Quarterly Beef Q4 2023. However, increases in Australia and Brazil have yet to offset the production declines in Europe and the US. The report said Australian cattle prices dropped […]
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Retail Asia23/11/2023
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Food

Vegetable, fruit exports reach $5.2B record

2min0
Vietnam’s vegetable and fruits exports surged 70% year-on-year in the first 11 months to $5.2 billion, a new historic peak. Durian accounted for 40% of the value, followed by jackfruit, watermelon, grapefruit and longan, all recording growth between 50% and 200%, according to the Vietnam Fruits & Vegetables Association (VFA). This was the first time […]
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Retail Asia21/11/2023
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Food

McDonald’s to buy Carlyle’s stake in China business

2min0
Fast food chain McDonald’s Corporation has agreed to acquire Carlyle’s 28 percent stake in the consortium that operates the McDonald’s business in Mainland China, Hong Kong and Macau. Through its equity affiliate Citic Capital, the Citic Consortium will maintain a 52 percent controlling stake while McDonald’s will increase its ownership in the business to 48 […]
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Retail Asia20/11/2023
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Food

Cotti Coffee opens first location in Hong Kong

1min0
After expanding its presence in Southeast Asia, Chinese coffee chain Cotti Coffee has launched its first location in Hong Kong, with the first store in Indonesia in August. The Sheung Wan Mass Transit Railway (MTR) station location joins Cotti Coffee’s portfolio of more than 6200 stores worldwide, encompassing key cities in countries including Canada, Japan, South […]
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Retail Asia20/11/2023
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Food

Aussie wines meet Filipino spirits in new venture 7000 Islands

4min0
Filipino-Australian entrepreneur Siggy Bacani seeks to bring the best of both worlds together by launching 7000 Islands, a cross-cultural business venture that imports Filipino liqueurs and spirits to Australia while exporting small-batch Aussie wines to the Philippines. Making its debut this month, the first shipment of hand-crafted Ube Cream liqueurs arrived in the company’s warehouse […]
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Retail Asia15/11/2023
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Food

Purple star apple prices skyrocket

4min0
Purple star apples, popular both in Vietnam and its export markets, have seen prices rise by 30-40% from a year ago. The fruit is in season and sells in markets and stores for VND90,000-100,000 (US$3.58-3.97) per kilogram for type 1 (the highest quality), a 40% increase from a year ago, and VND40,000-50,000 for types 2 […]
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Retail Asia13/11/2023
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Food

Oakberry Açai expands, to open 30 stores in 2024

2min0
Oakberry Açai will open 30 new stores next year, with 10 -15 of these new retail outlets franchised. The chain plans to open two franchised stores and seven corporate stores before the end of 2023. Circular Quay, Hawthorn, and Perth Stores should open this month. Oakberry Açai will unveil stores in St Kilda, Wollongong, Clovelly, […]
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Retail Asia13/11/2023
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Food

Imported fruit prices plummet on burgeoning supply

4min0
Imported kiwis, apples, pomegranates, and pears only cost a few tens of thousands of dong (VND24,000=US$1) per kilogram, or a fifth of the prices two years ago. Hanh, a seller of imported fruits on Bach Dang Street in HCMC’s Binh Thanh District, said golden kiwi imported from New Zealand is selling at VND200,000 ($8.21) per […]
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Retail Asia08/11/2023
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Food

Shrinking Chinese exports halve dragon fruit prices

3min0
Vietnamese red-fleshed dragon fruit is selling for VND10,000-13,000 (US$0.41-0.53) per kilogram, down 50% against same period last year, due to reduced imports from China. Hoang, who sells fruits from a cart on Go Vap District’s Thong Nhat Road in Ho Chi Minh City, said this is the first time red-fleshed dragon fruit has been sold […]
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Retail Asia06/11/2023
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Food

Starbucks launches plan to cut $3 billion in costs over three years

3min0
Starbucks Coffee Company has announced Triple Shot Reinvention with Two Pumps – a long-term growth plan for brand elevation, global expansion, and cost efficiency. The company described the strategy as the “next step in the re-founding of the company” to deliver significant value to partners, customers and shareholders. The plan includes three priorities – elevating the brand, […]
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Retail Asia02/11/2023
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Food

Coca-Cola buys Finnish vodka label Finlandia for $342 million

3min0
Coca-Cola HBC (Hellenic Bottling Company) has purchased Finlandia Vodka from liquor giant Brown-Forman for $342 million (US$220 million), subject to adjustments related to inventory and other working capital items. The beverage giant says the acquisition will bolster Coca-Cola HBC’s premium spirits credentials and drive mixability opportunities with premium and super premium non-alcoholic ready-to-drink (NARTD) products, […]
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Retail Asia02/11/2023
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Food

Vietnam told to boost halal food exports

6min0
Countries with large Muslim populations have called on Vietnam to produce and export halal products amid increasing demand for them. “The halal food industry is a billion-dollar opportunity for which we can cooperate and develop,” Agustaviano Sofjan, Indonesia’s consul general in Ho Chi Minh City, said at a forum titled “Cooperation and Development of Halal […]
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