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Category: Food

Retail Asia26/02/2020
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Food

PepsiCo plans to buy Chinese snack Be & Cheery

2min0
PepsiCo is poised to purchase Chinese online snack vendor Be & Cheery owned by Haoxiangni Health Food Co. PepsiCo had proposed the Be & Cheery acquisition before the coronavirus outbreak began in China. Valued at US$705 million, the acquisition will help PepsiCo strengthen its position in Mainland China as the company suffers slowing business growth […]
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Retail Asia25/02/2020
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Food

Deliveroo Adds 100 Virtual Brands, boosting local restauranteurs

4min0
 Hong Kong’s food delivery service leader, Deliveroo, today announces that they now have 200 virtual brands on the platform, having added 100 VBs in the past few months. Virtual brands expand consumers’ choice of delicious meals and support restauranteurs to bolster their revenue without increasing fixed costs and have become one of the important ways to mitigate risks under this […]
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Retail Asia25/02/2020
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Food

Mos Burger launching in Vietnam

2min0
Mos Burger in Vietnam will open its first store in Ho Chi Minh City later this year. The company plans to set up a joint venture in the country next month and open 10 outlets in the next three years. Last October, Mos Burger partnered with Danang Tourism College to run a training program called […]
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Retail Asia25/02/2020
Food

Singapore Liang Sandwich Bars close amidst dispute

2min0
Four Singapore Liang Sandwich Bars have closed suddenly, angering the master franchisee for Southeast Asia, Liang Group. The company said the closures were unauthorized. Liang Group CEO Jarvin Leow said the company had not authorized the stores’ shuttering and that it had taken measures to resolve the situation. While the reason for the closures remains […]
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Retail Asia24/02/2020
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Food

Starbucks Indonesia opens first community store

2min0
Starbucks Indonesia has opened its first community store, aiming to support local children by funding scholarships through a portion of sales. Located in the Tanah Abang neighborhood in Jakarta, the store partners with two local NGOs, Yayasan Sahabat Anak and the Indonesian Street Children Organization (ISCO). “Starbucks is committed to using our scale and brand […]
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Retail Asia24/02/2020
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Food

Jollibee profit slides despite strong last quarter

2min0
Philippine restaurant brand Jollibee Foods suffered a 14.4-per-cent drop in earnings last year after operating income fell by 25.1 percent. However, a strong fourth quarter prevented a worse annual result, with operating income up 11.6 per cent on a 23.2-per-cent boost on systemwide sales. “Practically all brands in the Philippines improved their same-store sales growth […]
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Retail Asia20/02/2020
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Food

Vietnam’s Coffee Queen abdicates Trung Nguyen throne

5min0
Le Hoang Diep Thao has transferred all shares in the Trung Nguyen empire she ran with her ex-husband, pursuant to their final divorce ruling. Thao, former deputy director of Trung Nguyen Group (TNG), is no longer on the company’s list of shareholders, TNG announced in a statement Wednesday. She and her ex-husband were referred to […]
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Retail Asia20/02/2020
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Food

Foodpanda launches 15-minute grocery-delivery service

3min0
Singapore food-delivery service Foodpanda has officially rolled-out its instant grocery delivery service, Pandamart, in Hong Kong after a trial commencing last November. Partnering with 1000 retailers and selling more than 14,000 items, Foodpanda has expanded its service from restaurant take-outs to the delivery of groceries and daily necessities such as beauty and baby-care products. Local […]
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Retail Asia18/02/2020
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Food

Seafood exports plummet

1min0
Seafood exports in January fell 25 percent year-on-year and are set to continue falling due to the novel coronavirus outbreak. They fell to $556 million, with exports of pangasius fish falling by 64 percent, octopus by 50 percent and tuna by 30 percent, the Vietnam Association of Seafood Exporters and Producers said in a report. […]
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Retail Asia17/02/2020
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Food

Indian tea chain Chaayos raises capital for expansion

1min0
Sunshine Teahouse, the parent of Indian tea chain Chaayos, has raised US$21.5 million in a new funding round. The fundraising, led by US firm Think Investments and including $3 million of venture debt from InnoVen Capital, will assist the firm to increase its store count to 300 within three to four years. “We will deploy […]
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Retail Asia13/02/2020
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Food

Hong Kong restaurant sales fall in fourth quarter

2min0
Hong Kong restaurant sales fell 14.3 percent in the December quarter, provisionally estimated at HKD26 billion (US$3.35 billion). Provisional figures released by The Hong Kong Census and Statistics Department, also estimated that the value of purchases by restaurants during the quarter fell by 13 percent to HKD8.4 billion ($1.08 billion). A government spokesman said the […]
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Retail Asia13/02/2020
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Food

OUE buys Indonesia’s Maxx coffee chain

1min0
Singapore investment firm OUE has acquired a majority stake in the parent of Indonesia’s Maxx coffee chain, which also operates in Singapore. According to the agreement, OUE’s wholly-owned subsidiary Oddish Ventures will buy an 88.43-per-cent stake, worth US$23.1 million from two companies – Inti Anugerah Pratama and Ciptadana Capital – which own 45.64 percent and […]
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Retail Asia12/02/2020
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Food

Tealive appoints advisors for IPO

1min0
Malaysian bubble-tea chain Tealive parent, Loob Holding, has appointed advisors as it prepares for an IPO this year. Last year, the company said that it aimed to raise MYR300 million (US$72 million) for Malaysian IPO. According to The Malaysian Reserve, however, Tealive’s owner and the operator could raise MYR1 billion based on prior valuation, depending on the […]
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Retail Asia11/02/2020
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Food

Shake Shack Singapore opens second store

2min0
Burger chain Shake Shack has opened its second store in Singapore, in the city’s CBD. Taking over the Tiger Balm factory on Neil Road, the new Shake Shack Singapore store design was inspired by its vibrant Chinatown neighborhood and colorful Peranakan architecture. Designed by Singaporean artist Sam Lo, the store’s interior features a tiger mural […]
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Retail Asia11/02/2020
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Food

Cinnabon Hong Kong opens first outlet in Hong Kong

1min0
Cinnabon Hong Kong opened its first outlet last week, brought to the territory by franchisee Reach Out Philosophy Limited. Famous for its Classic Rolls and Bon Bites, the first Cinnabon Hong Kong store is located in Olympian City mall at Tai Kok Tsui. It joins more than 1200 franchise locations in the world. “We see a […]
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Retail Asia10/02/2020
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Food

LG robotic waiter serves food in Seoul restaurant

1min0
An LG robotic waiter has made its debut at a local restaurant in Seoul. The LG CLOi ServeBot comes with indoor autonomous driving technology and an obstacle avoidance system so it doesn’t crash into furniture, customers or colleagues. The robot is capable of delivering food to the table where customers are seated as well as […]
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Retail Asia10/02/2020
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Food

South Korean convenience stores in delivery-service battle

3min0
Competition among South Korean convenience stores over delivery services is heating up. One chain, GS25, recently launched delivery services from seven stores in Seoul in partnership with food-delivery service Coupang Eats operated by e-commerce giant Coupang. First of all, the South Korean convenience store company plans to implement delivery services through Coupang Eats at seven […]
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