Food & Beverage
When Prasoon Mukherjee opened his first Outback branch in Singapore in 2000, most people around him were surprised. His Singapore-based Universal Success Enterprises Limited (USEL) primarily focuses on infrastructure and energy projects like sea ports and power plants, so the company’s expansion into restaurants was a departure from those main businesses.
Two years after opening the branch Singapore, he opened the first Outback in Indonesia, and USEL became the franchise holder for the restaurants across Southeast Asia.
Weakness in emerging markets slowed sales at Diageo, the drinks company that makes Guinness and Johnnie Walker whisky, in the final three months of 2013.
Diageo said sales rose 1.8 percent in the six months to the end of December, the first half of the company's financial year, but the rate was slower than the 2.2 percent registered in the first quarter.
Though Chinese consumers are known for lacking a sweet tooth, premium chocolate makers are hoping to cash in on the tradition of gift giving over the lunar new year with a slew of limited edition, commemorative gift sets.
The Chinese may have enthusiastically taken up Western food trends like coffee, wine, and fast food over the past decades, but chocolate has failed to make significant inroads, given a palate that prefers salty and savoury flavours over sweet.
Chicago-based Garrett Popcorn opened its newest flagship store at Siam Paragon last week, hoping the country becomes a top three revenue generator this year.
The 45 square-metre store is operated by Caramel Crisp Thailand Co, a 50-50 joint venture with Suchad Chiaranussati, a real estate mogul. Garrett Popcorn expanded overseas initially five years ago, after 1949.
The decision to enter the Thai market was a response to requests from Thai consumers via the company's website and social media.
With the desire to bring wine lovers the best wines of Bordeaux, and all the culture that goes with it, La Bordeauxthèque, a new wine shop located on the 5th floor of the Beijing Galeries Lafayette, is hoping to make more wine lovers, specifically Bordeaux lovers, out of China’s wealthy.
Starbucks Corp on Thursday reported that sales at established restaurants in its US-dominated Americas region cooled more than analysts expected in its latest quarter as online shopping kept more consumers at home and reduced their visits to its coffee bars.
With fewer shoppers going to all types of stores to buy gifts, Starbucks executives said sales at its cafes open at least 13 months softened, particularly in December.
Kellogg’s, the breakfast cereal maker, will soon begin distributing Pringles Wafers. This will be the first step towards integration of the brand, acquired globally two years ago, with the Indian unit.
Café culture in the country has led to the growth of coffee culture. This has also resulted in more people in non-traditional centres such as Mumbai, Delhi and Kolkata consuming the beverage in their homes. In an interview with Business Line, Venu Madhav, Director, Café Coffee Day (CCD), shares the company’s roadmap for increasing the per capita consumption of coffee.
Automatic teller machines not only dispense money, ATM-like machines also vend other products such as chocolates and soft drinks. But Amul has gone a step further: it will now sell milk through “Any Time Milk” vending machines. The pilot project of this 24x7 ATM began with the installation of a vending machine at the gate of Amul Dairy in Anand town of Gujarat on Sunday.
Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) will invest PHP3.5 billion (USD77.3 million) this year to continue expanding its production and distribution line as demand is expected to rise further. The exclusive bottler of PepsiCo beverages in the Philippines is also introducing more non-carbonated drinks this year to continue the double-digit sales growth, its top official said.