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Category: Food

Retail Asia10/01/2020
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Food

Vietnam to buy more American, European pork

2min0
Fifty more pork producers in the U.S., France and Belgium will export to Vietnam where African swine fever has decimated pig herds. The Ministry of Industry and Trade said this is in addition to the more than 1,600 foreign pork exporters who had already been identified. This follows Deputy Prime Minister Vuong Dinh Hue’s call […]
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Retail Asia10/01/2020
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Food

Luckin Coffee ways into the vending-machines landscape

1min0
China’s largest coffee chain Luckin Coffee is moving into the vending machines market. “It allows us to get closer to consumers and we are not restricted by the license approvals,” said Luckin founder and CEO Qian Zhiya of the new strategy. Luckin’s machines will serve freshly brewed drinks as well as food. The firm also […]
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Retail Asia10/01/2020
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Food

Longreach Group bought Japan’s Caffe Veloce

1min0
Asian private equity firm The Longreach Group has again acquired a Japanese coffee chain – this time the Caffe Veloce from Chat Noir Company. Without disclosing the amount of the transaction, The Longreach Group said it has agreed to buy Caffe Veloce, a year after buying Kohikan from UCC Foodservice Systems (UFS). The company said the […]
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Retail Asia10/01/2020
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Food

Indian tea chain Chai Kings ready for expansion

2min0
Indian tea retailer Chai Kings has secured US$1 million in funding from a group of angel investors, including The Chennai Angels, Hyderabad Angels and TiE India Angels. The Chennai-based tea retail chain aims to launch 100 stores over the next five years and become the nationally preferred purveyor of chai teas. It is currently operating […]
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Retail Asia08/01/2020
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Food

Carrefour acquires lunch delivery service Dejbox

2min0
Supermarket giant Carrefour Group has acquired lunch delivery service, Dejbox, expanding its online grocery service to ready-to-eat meals and the B2E market. “This acquisition, which reflects Carrefour’s desire to become the leader in grocery e-commerce, is a strategic one,” Amelie Oudea-Castera, executive director customers, services and digital transformation at Carrefour, said. “It will give us […]
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Retail Asia07/01/2020
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Food

Luckin Coffee stronger than Starbucks in China

1min0
Luckin Coffee has now become the largest coffee chain in China, surpassing Starbucks in terms of number of locations. The firm has launched 4500 outlets within the Chinese territory, around 200 more than its Seattle-headquartered competitor. The brand soared past Starbucks late last year and has rapidly multiplied its footprint in the market backed by […]
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Retail Asia03/01/2020
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Food

Cheese-tea chain Machi Machi to launch in Singapore

1min0
Machi Machi, the Taiwanese cheese-tea chain which went viral after featuring in a music video of Mandopop king Jay Chou, is set to debut in Singapore. Named after Chou’s wife’s pet dog, Machi Machi Singapore will open at 25 Arab Street this month. According to the franchise owner, the Singapore outlet will have “no seats”, […]
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Retail Asia03/01/2020
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Food

Taiwan’s Mr Brown coffee shutters stores

1min0
Taiwanese cafe chain Mr Brown coffee has shuttered eight outlets in Taipei due to falling customer demand, among other factors. The closures include a sizeable store in central Tamsui that will cease trading later this month. Employees at the affected outlets have been reassigned, with others leaving the firm.There have been no reported mass layoffs […]
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Retail Asia03/01/2020
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Food

7-Eleven Malaysia buys into ride-hailing service

2min0
7-Eleven Malaysia Holding has acquired a 46.45-per-cent equity stake in local delivery firm Myinteractivelab (MSB) for US$1.8 million. According to a SEM’s spokesperson, the company entered into an agreement to accquire 490,030 shares of MSB with founder Nabil Fiesal Bamadhaj, who is the owner of Dego Rides, which launched on January 1. “The subscription represents […]
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Retail Asia03/01/2020
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Food

‘Grab-and-go’ coffee chain Kopi Kenangan reaches 200 stores

3min0
Southeast Asian “grab-and-go” coffee chain Kopi Kenangan will expand its June Series A funding round with additional investments. The funding is being sourced from Roc Nation company Arrive; Serena Ventures; world-renowned basketball player Caris LeVert; and Sweetgreen CEO & co-founder Jonathan Neman, amongst others. Sequoia India, which led the US$20 million Series A round in […]
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Retail Asia31/12/2019
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Food

Vinamilk acquires majority stake in competitor

3min0
Vietnam’s biggest dairy company Vinamilk has acquired a majority stake in Moc Chau Milk, entrenching its market dominance. Vinamilk, formally Vietnam Dairy Products Jsc, has increased its ownership in GTNfoods from 43.17 percent to 75 percent, the dairy giant said in a recent statement. GTNfoods own a 51 percent stake in Moc Chau Milk, the biggest […]
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Retail Asia31/12/2019
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Food

First franchised KFCs open in Chinese gas stations

1min0
Yum has announced the opening of its first franchised restaurants in Chinese gas stations, in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC). The first franchised KFC restaurant has been launched in a CNPC gas station in Yunnan Province while the first one in a Sinopec gas station is set to […]
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Retail Asia30/12/2019
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Food

First franchised KFCs open in Chinese gas stations

1min0
Yum has announced the opening of its first franchised restaurants in Chinese gas stations, in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC). The first franchised KFC restaurant has been launched in a CNPC gas station in Yunnan Province while the first one in a Sinopec gas station is set to […]
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