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Category: Food

Retail Asia04/02/2020
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Food

Japanese chocolatier Royce closing South Korea stores

1min0
Japanese chocolatier Royce is shuttering its operations in South Korea. The brand’s local retailer Royce’ Confect Korea said in an announcement last Wednesday that it will close all nine of its locations in the territory, including five shops in Seoul. The closures will be completed by the end of next month. Sales for the brand’s […]
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Retail Asia04/02/2020
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Food

Louis Vuitton cafe and restaurant opens in Osaka

2min0
The world’s first Louis Vuitton cafe and restaurant have opened inside the stunning new Louis Vuitton Maison Osaka Midosuji in Japan. In cooperation with renowned chef Yosuke Suga, the first Louis Vuitton cafe, Le Cafe V is located on the top floor, featuring a Cocoon Room, with a terrace and a bar. A speakeasy-style door […]
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Retail Asia30/01/2020
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Food

Hong Kong food-delivery sales down

3min0
Food-delivery sales in Hong Kong soared 20 percent over Lunar New Year week as consumers chose to stay indoors, sheltering from the coronavirus. A spokesperson for Deliveroo told Inside Retail Asia that the Chinese New Year holiday period is usually a busy period for the company, the market leader in food-delivery in the territory. “We […]
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Retail Asia30/01/2020
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Food

Philippine grocery MerryMart to raise US$31 million in IPO

1min0
Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO. The firm is seeking the funds to finance its nationwide expansion program, according to DealStreetAsia. It expects to operate 1200 stores within the territory following its expansion drive, including potential franchises, in an attempt to reach its […]
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Retail Asia30/01/2020
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Food

Tea chain Nayuki expanding to USA and Japan

2min0
Chinese tea chain Nayuki will launch its first stores in Japan and the US this year. The firm, which operates nearly 400 stores in China and three in Singapore, serves tea blended with fruit, cream cheese and toppings. “With our commitment to becoming an innovator and purveyor of Chinese tea culture, we hope to deliver […]
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Retail Asia27/01/2020
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Food

Sabeco reports record profits

2min0
Post-tax profits surged 22 percent year-on-year for Vietnam’s largest brewer Sabeco, reaching VND5.37 trillion ($231.96 million), its highest annual profit ever. The brewer’s 2019 revenues increased 5 percent year-on-year to VND37.9 trillion ($1.64 billion), with improved business results mainly attributed to heavy investments in sales and marketing, Sabeco management said in the company’s latest annual […]
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Retail Asia24/01/2020
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Food

Japanese franchise Kura Sushi to launch in China

1min0
Japanese restaurant franchise Kura Sushi is launching in its third overseas market, China. The brand has already enjoyed some success in the US and Taiwan, and is now set to open its first Chinese mainland location in Shanghai. Ten further locations are planned for the territory later this year. According to a Nikkei report, the […]
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Retail Asia24/01/2020
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Food

Starbucks unveils ambitious sustainability commitment

3min0
Starbucks CEO Kevin Johnson has announced a multi-decade commitment to be a “resource-positive” company – aspiring to give more than it takes from the planet. “As we approach the 50th anniversary of Starbucks in 2021, we are looking ahead with a heightened sense of urgency and conviction that we must challenge ourselves, think bigger and […]
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Retail Asia23/01/2020
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Food

Japanese restaurant group Skylark to end 24-hour trading

1min0
Japanese corporate restaurateur Skylark Holdings says it will discontinue 24-hour trading of 150 stores by April. Skylark, one of Japan’s largest family-owned restaurant operators, owns the Jonathan’s and Gusto chains, among other brands. It launched 24-hour trading in 1972 and according to the company about 10 percent of its daily revenue comes in between midnight […]
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Retail Asia23/01/2020
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Food

US sandwich chain Blimpie makes Asian debut

1min0
American ‘submarine sandwich’ chain Blimpie has opened its first store in Singapore, marking its debut in Asia. Located in Tampines, the Blimpie Singapore store offers a menu adapted for halal consumers. In a style similar to Subway, customers can choose a type of bread ranging from white, wheat, olive, or Parmesan and choose fillings they […]
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Retail Asia22/01/2020
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Food

Japanese restaurant group Skylark to end 24-hour trading

1min0
Japanese corporate restaurateur Skylark Holdings says it will discontinue 24-hour trading of 150 stores by April. Skylark, one of Japan’s largest family-owned restaurant operators, owns the Jonathan’s and Gusto chains, among other brands. It launched 24-hour trading in 1972 and according to the company, about 10 percent of its daily revenue comes in between midnight […]
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Retail Asia21/01/2020
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Food

Kellogg’s tests cereal refill concept in UK supermarket

2min0
UK supermarket Asda is undertaking a 12-month trial to test initiatives to reduce, remove and reuse plastic packaging at its Middleton store in Greater Manchester. Shoppers are invited to bring their own containers to stock up on products such own brand coffee, rice and pasta at designated refill stations. The grocery has partnered with FMCG […]
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Retail Asia21/01/2020
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Food

Global exclusive Kiehl’s Lunar New Year store launched at Changi Airport

5min0
New York skincare brand Kiehl’s has launched one of its largest-yet airport pop-up stores in the region, at Singapore’s Changi Airport. The global-exclusive Kiehl’s Lunar New Year store at Terminal 3 was formally opened in partnership with the airport’s beauty-products concessionaire The Shilla Duty-Free and will trade until February 9. At Friday’s launch, popular Chinese […]
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Retail Asia20/01/2020
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Food

Hong Kong restaurants bounce back in final quarter of 2019

3min0
Hong Kong restaurants appear to have shrugged off the worst of the impact from the city’s social unrest in the final quarter of last year, According to food-delivery service Deliveroo’s second Restaurant Confidence Index, a quarterly survey of restaurant partners that details F&B trends in Hong Kong, eateries in the territory are seeing increased revenue […]
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Retail Asia17/01/2020
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Food

Yum China prepares to list in Hong Kong

2min0
Pizza Hut and KFC restaurant operator Yum China is preparing for a second listing in Hong Kong. The US-listed firm is currently working on proceedings with China International Capital and Goldman Sachs to establish a footing closer to its base territory. The listing could take place as early as this year. Bloomberg revealed that the […]
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Retail Asia16/01/2020
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Food

Tom n Toms Hong Kong closing all stores

2min0
Tom n Toms Hong Kong has shuttered all five of its stores after the South Korean coffee chain’s local franchise went into liquidation. Following news of its Myanmar expansion plans, the popular South Korean cafe eventually could not withstand the pressures on Hong Kong’s depressed retail market. Tom n Toms Hong Kong launched in 2016 […]
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Retail Asia16/01/2020
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Food

Chinese fruit-vending machines driven by AI

3min0
AI-run fruit-vending machines are offering Chinese consumers a new way of buying fruit and vegetables. The machines, developed two years ago by Beijing Kuo’an Science and Technology, are providing an alternative channel for residents of China’s tier-one and tier-two cities, who traditionally rely on relatively distant large-scale supermarkets and community stores for fruit purchases. “Every […]
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