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Tag: beverages

Retail Asia13/12/2023
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Food

Asahi Beverages appoints Amanda Sellers as new group CEO

2min0
Asahi Group Holdings has named Amanda Sellers as the new group CEO of Asahi Beverages, the company’s Oceania business. Sellers has been the Group’s interim CEO since June, following the resignation of the previous CEO, Robert Iervasi. “The board of Asahi Group Holdings has huge confidence in Amanda’s ability to continue with the impressive growth trajectory […]
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Retail Asia21/08/2023
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Food

Asahi Beverages’ Vibe launches functional soda range

1min0
Beverage brand Vibe has launched a functional beverage soda range in three flavours. The company says it undertook consumer market research to ensure the drink meets evolving consumer needs. Parent company Asahi Lifestyle Beverages’ GM for marketing, Lauren Fildes, said: “When choosing an alternative to soft drink, people want great taste first, then something that’s […]
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Retail Asia16/03/2023
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Food

Beverage industry lobbies against taxing sweetened drinks

5min0
Drink makers are lobbying against levying a special consumption tax on sweetened beverages, arguing that they do not contribute to health problems such as obesity. At a Wednesday workshop to discuss draft amendments to the Law on Special Consumption Tax, Nguyen Thi Lam, former deputy director of the National Institute of Nutrition, cited data showing […]
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Retail Asia02/04/2019
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Food

The Alley Singapore to open two more outlet stores

1min0
Taiwanese bubble tea chain The Alley Singapore is opening two outlets in mid-April. The first of a new global concept called The Alley Luxe is set to open in Cineleisure. The concept carries what the brand describes as its finest collection of beverages on a curated menu distinctive to Singapore. The outlet will offer European baked treats […]
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Retail Asia04/01/2019
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Food

Vietnam’s Sabeco, taxman at loggerheads

4min0
HCMC tax authorities have failed to collect $135.73 million in taxes and fines, while brewer Sabeco has cried foul. The Tax Department of Ho Chi Minh City informed Vietnam’s largest brewer Sabeco on December 24 that it would withdraw VND3.1 trillion ($135.73 million) from the beer company’s bank account to collect overdue special sales tax […]
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Retail Asia21/12/2018
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Food

Vive cake boutique launches hot beverages this winter

6min0
Embracing the joyous holiday season, celebrity-loved Vive Cake Boutique launches a selection of luscious winter drinks specially curated by Founder, Ms Vivien Lau, to pair with VIVE’s delectable sweet treats. A selection of premium organic teas sourced from Taiwan are also introduced to add to its repertoire of beverages. “The holiday season is one that […]
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Retail Asia18/12/2018
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Food

Homeplus hosts 1st beer sommelier competition

3min0
Twenty-seven people have been awarded the auspicious title of beer sommelier by discount chain Homeplus. The discount chain’s first Macmelie Contest – macmelie is a portmanteau of the Korean word maekju, or beer, and sommelier – on Saturday saw 200 contestants gather at a convention center in Gangnam District, southern Seoul, to take a comprehensive […]
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Retail Asia18/12/2018
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Food

Luckin Coffee worth $2.2 billion in quite short time

2min0
Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round, effectively valuing the company at a stunning $2.2 billion. That’s up to $700 million more than its value was estimated just one month ago when the quest for funding was announced. Launched only in January, the company had already opened more […]
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Retail Asia17/12/2018
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E-Tailing

Alibaba powers Starbucks virtual store launch in China

3min0
Starbucks launched its first virtual store in China powered by technology from Alibaba Group, providing a unified, one-stop digital experience across the Starbucks app and mobile apps within the Alibaba ecosystem, including Taobao, Tmall, and Alipay. The first-of-its-kind virtual store leverages an online management hub developed specifically for Starbucks by Alibaba. It provides consumers integrated […]
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Retail Asia14/12/2018
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Fashion

Herschel teams up with Starbucks for launch in China

3min0
Does a new new designer collaboration revealed this week represent growing Starbucks fashion cred? Accessories and apparel brand Herschel has created a capsule collection inspired by Starbucks China’s Sumatra coffee blends. It follows the release of two seasonal ranges of homewares designed by Los Angeles label Ban.Do in the coffee company’s Asia-Pacific stores, the first of them […]
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Retail Asia13/12/2018
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Food

Bo’s Coffee plans big expansion ahead

2min0
Filipino cafe chain Bo’s Coffee plans to more than double its store network within four years and is also eyeing expansion into the Middle East. In an interview, founder Steve Benitez says the ambitious growth plan has been fuelled by strong local demand. With 103 cafes currently, Benitez is targeting between 200 and 250 by […]
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Retail Asia05/12/2018
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General

October retail sales tide in Hong Kong turns up

3min0
October retail sales in Hong Kong rose by 5.9 per cent year on year, more than double the pace of September, which was affected by Typhoon Mangkhut. A government spokesman indicated that growth in retail sales picked up somewhat in October after a deceleration in the preceding month, supported by the faster increase in visitor arrivals and […]
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Retail Asia05/12/2018
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General

Restructuring continue benefits 7-Eleven Malaysia

2min0
New store openings are maintaining a modest 7-Eleven Malaysia sales growth rate – but improved margins are driving solid profit improvement. The listed convenience store operator released its third-quarter results on Friday, which showed third-quarter sales growth of 1 per cent and year-to-date growth of 1.3 per cent. But net profit was up 4.1 per […]
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Retail Asia05/12/2018
Food

Kenanga Malaysia raises earnings outlook for Carlsberg

3min0
Kenanga Research has increased its FY18 and FY19 earnings for Carlsberg Brewery Malaysia Bhd on the back of improved contributions from Lion Brewery in Sri Lanka. “We increased our FY18E and FY19E earnings by 4.3% and 3.5% respectively as we improved contributions from Lion Brewery. Additionally, we increased our Malaysian demand assumptions following the stronger […]
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Retail Asia29/11/2018
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Food

Chai Point to open 20 more outlets by FY 2019

7min0
Tea, which conquers 70 percent of the non-alcoholic beverage market in India, is unofficially the national beverage of the country. Tea lovers never shy away from enjoying a hot cuppa, be it any season or any time of the day. Even the social and emotional lives of Indians are linked with tea. In an effort […]
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Retail Asia28/11/2018
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Food

Brewhouse Ice Tea secures US$ 2 mn loan

1min0
Bottled ice tea brand Brewhouse Ice Tea Monday said it has secured US$ 2 million loan from Singapore-based FMCG firm Food Empire Group to expand its footprint and product offerings. Food Empire Group had previously invested US$ 6,00,000 in Positive Food Ventures in November 2017. Positive Food Venture Pvt Ltd, maker of bottled ice tea brand Brewhouse, […]
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Retail Asia27/11/2018
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Food

Tealive makes debut with opening first store in China

2min0
Malaysian bubble-tea brand Tealive has launched the first of 500 stores planned for China. Located inside SML Center in Shanghai’s Huangpu district, the store attracted long queues on the opening day. “With China being the world’s largest tea market and the fourth overseas market for Tealive, we decided to create a specific menu for China […]
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