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Category: Food

Retail Asia19/08/2019
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Food

Hoshino Coffee chains eye Asian expansion

1min0
Upmarket Japanese coffee businesses are expanding into other Asian markets in an attempt to win over customers from global leaders such as Starbucks. Specialty brands Sarutahiko Coffee and Hoshino Coffee are among those reaching into major Asian markets, with Sarutahiko entering Thailand and Hong Kong, and Hoshino moving to Taiwan. “Consumers who frequent Starbucks are […]
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Retail Asia16/08/2019
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Food

BreadTalk Group Profit Down

2min0
Expansion-related costs saw Singapore-listed BreadTalk Group’s quarterly profit more than halve despite rising sales. According to a stock-exchange filing, net profit was down by 57.9 percent to S$1.02 million for the June quarter, but sales rose 9.8 percent to $163.3 million. Besides its namesake brand of bakeries, BreadTalk’s portfolio includes Toast Box, Food Republic, and […]
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Retail Asia16/08/2019
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Food

Dairy Farm sales lift through several acquisitions

6min0
Dairy Farm sales surged by 13 percent in the first half of the year to US$13.8 billion. The Hong Kong-headquartered company said the improved top line was largely due to its investment in Robinsons Retail and a strong performance by Chinese supermarket business Yonghui, but it is clear that early signs of the company’s five-year […]
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Retail Asia15/08/2019
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Food

Menulog grows footprint, revenue in Australia

3min0
London-based food company Just Eat posted its half-year results on Wednesday, including the latest results from its Australian subsidiary Menulog. The takeaway food platform, which launched its own delivery service in 2018 (previously it only catered to restaurants that could ‘self deliver’), reported a 29 percent increase in revenue on a constant currency basis in […]
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Retail Asia15/08/2019
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FoodGeneral

RFG director taking on operational role

5min0
Retail Food Group director Jessica Buchanan has resigned from her position in order to transition to an operational consulting role. The move, announced in a statement to the ASX on Thursday, will enable Buchanan to execute some of the strategic initiatives she has helped to formulate in her capacity as a director. These include a […]
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Retail Asia14/08/2019
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Food

Indonesian Chocolate Draws Singapore Impact Investors

3min0
Krakakoa, which was established to improve the livelihoods of Indonesian cocoa farmers by buying directly from them, has raised funds from Singapore-based impact investors. The bean-t0-bar chocolate maker has raised an undisclosed amount of funding from Impact Investment Exchange (IIX), LIC VC and SYSTEMIQ co-founder Jeremy Oppenheim, the firm said in a statement on Friday. The chocolate maker said […]
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Retail Asia14/08/2019
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Food

Yum China speeding up expansion plans

3min0
Yum China plans to invest up to US$525 million opening between 800 and 850 new stores in the current financial year. Most of the new stores will be KFC outlets and of its new cafe chain Coffii & Joy. The protections were included in the company’s second-quarter results released overnight, which showed total system sales […]
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Retail Asia13/08/2019
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Food

Sumo Sushi & Bento launches in India

2min0
Dubai Japanese restaurant chain Sumo Sushi & Bento is entering the Indian market. The firm has partnered with local operator FranGlobal to open up to 25 outlets within five years, with the first location launching in either Delhi or Mumbai within six months. “India is a vibrant and exciting country and people are demanding new […]
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Retail Asia12/08/2019
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Food

Jollibee bought The Coffee Bean & Tea Leaf

2min0
Philippine restaurant operator Jollibee Foods is to buy US cafe brand The Coffee Bean & Tea Leaf outright for US$350 million. The acquisition is Jollibee’s largest to date, and will involve a $100 million investment in a new Singaporean holding firm to handle the process, constituting an 80 percent equity of the business. The $250 […]
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Retail Asia09/08/2019
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Food

Little Damage Opens in Singapore

1min0
Los Angeles ice cream shop Little Damage has launched in Singapore with a second outlet already in planning. Decked out in black-and-white checkered prints, the first outlet at Wheelock Place mainly caters to takeaways. The walls are decorated with neon phrases seen in its LA outlet, such as “I Like Love You” and “Cute But […]
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Retail Asia09/08/2019
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Food

Tim Ho Wan to launch in Texas

1min0
Dim sum restaurant brand Tim Ho Wan is launching its first Texas location at NewQuest Property’s Katy Grand development. The new Katy store is the group’s fourth US location and is expected to open later this year or early 2020. The lease for the 5160sqft outlet has been signed, with plans to include a Zen […]
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Retail Asia09/08/2019
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Food

108 Matcha Saro opens first store in Singapore

1min0
Japanese cafe chain 108 Matcha Saro is opening its first Southeast Asian store, at Singapore’s Suntec City shopping center. Set to open tomorrow (July 26), the take-away concept store will be designed to resemble a traditional ancient Japanese teahouse, located in the basement of the shopping center. The 108 Matcha Saro stores in Japan feature […]
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Retail Asia08/08/2019
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Food

Teavana Bar and Kiosk open in Hong Kong this week

2min0
Three years after making its Hong Kong debut, Starbucks’ Teavana brand is opening two new outlets this week. A Teavana Bar opens today inside Starbucks’ revamped store at APM in Kwun Tong, the brand’s first bar in Kowloon. The Kwun Tong bar features an open design allowing customers to watch their beverages being made by […]
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Retail Asia08/08/2019
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Food

Marley Spoon brings first meal kit service to Tasmania

1min0
Marley Spoon launched its meal kit service in Tasmania on Wednesday, making it the first service of its kind available on the Australian island state. The delivery service will initially cover the greater Hobart and Launceston areas, but Marley Spoon said it will expand to more locations throughout the state in the near future. “Tasmania […]
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Retail Asia07/08/2019
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Food

KFC invests millions in drive-thru-only restaurants

2min0
Quick service restaurant KFC announced last week it is investing $1.5 million in a “completely new concept for the fast-food industry” – a first of its kind drive-thru-only restaurant. Located in Newcastle, NSW, the store will feature five lanes and will utilize new technology to improve efficiency and speed in order from the on-site kitchen. […]
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Retail Asia07/08/2019
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Food

Popeyes China planning over 1500 restaurants openings

1min0
Popeyes Louisiana Kitchen is set to develop and open more than 1500 Popeyes restaurants in Mainland China over the next 10 years. Popeyes China will be the last of Restaurant Brands International’s three major brands to enter the Chinese market. Burger King has operated in the territory since 2005, and it now has more than […]
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Retail Asia06/08/2019
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Food

Luckin Coffee plans expansion into India and Middle East

2min0
China’s Luckin Coffee wants to expand into India and the Middle East. The company has signed a memorandum of understanding to create a joint venture with Kuwait-based Americana Group which will open stores across the Greater Middle East and India. No further details have been released, according to Reuters. Luckin, which sells coffee by app […]
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