Food & Beverage
Starbucks stores has unveiled new card designs, mugs, tumblers and other merchandise in Asian markets in time for the celebration of the Lunar New Year.
As one of the world’s grandest and most significant cultural celebrations, the Lunar New Year, also known as the Spring Festival, is a time to sweep out the old and bring in the new with family gatherings, celebrations and the exchanging of gifts.
Targeting the Middle East as next high growth market in the food delivery sector, online food delivery company foodpanda acquired 24h.ae, a food business delivery in the United Arab Emirates.
Founded in 2011, 24h.ae delivers food in seven cities: Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, Fujairah and Ras Al Khaima. It has 700 restaurant partners, including major brands like Subway, Wendy's , Domino's, Johnny Rockets, and Pizza Express.
foodpanda is already active in Saudi Arabia and Jordan with its hellofood.sa and hellofood.jo brands, respectively.
Australia’s homegrown cafe group, The coffee Club, has officially opened its first outlet in the United Arab Emirates.
The UAE outlet, is being operated by Liwa Minor Food and Beverages, the joint venture company of local operator Al Nasser Holdings and Thai public listed company Minor Food Group.
Abdulla Nasser Al Mansoori, Chairman of the Board at Al Nasser Holdings, said they expect to expand to other markets in the Gulf Cooperation Council (GCC) within the next three years.
After doubling sales and earnings over the last few years, Domino's Pizza is chasing a bigger share of the AUD11 billion (USD8.5b) fast-food market by taking sales from fried chicken outlets and drive-through outlets like McDonalds and Hungry Jacks.
Not content with his market-leading 25 percent share of the Australian pizza market and a runner-up position in Japan, Domino's chief executive Don Meij is going after consumers who would rather snack on KFC's Original Recipe chicken or a McDonalds' Big Mac than a Cheesy Crust Meat Lovers or Thin 'n Crispy margherita.
Coca-Cola Co. and PepsiCo Inc. likely will highlight rough going abroad but improving conditions at home when they publish fourth-quarter results this week.
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Online food delivery company foodpanda has fully acquired key competitors in 7 countries, consolidating its position across Asia’s food delivery market.
Globally, the company is active in 39 countries on five continents. The new acquisitions were from India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, and Thailand.
After acquiring TastyKhana in November 2014, foodpanda also acquired Indian business of JUST EAT. With these two acquisitions, foodpanda is now present in over 200 Indian cities and partners with over 12,000 restaurants in the country.
Delta Air Lines officially began serving Starbucks Coffee on all its flights worldwide this month as part if its ongoing in-flight enhancements to its food, beverages, seats and entertainment.
Mike Henny, Delta’s Director of Customer Experience, said with this enhancement to the airline’s core in-flight service product, it hopes to improve the travel experience for customers.
"We are delighted to provide Starbucks coffee wherever Delta’s customers are traveling,” said Michelle Burns, vice president Branded Solutions, Starbucks.
Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares jumped 2.1 percent.
Same-restaurant sales in China, Yum's number one market for revenue and profit, fell 16 percent for the quarter that ended on 27 December on continued fallout from allegations that a former supplier used expired meat.
In pursuit of its goal to reduce company-operated restaurant ownership to approximately 5 percent of the total system by the middle of 2016, Wendy’s recently announced that it is planning to sell 500 additional restaurants to franchisees this year.
The company sold 237 company-operated restaurants to franchisees in 2014, including 29 restaurants under its Canadian system optimisation initiative to sell approximately 130 restaurants by the end of the second quarter of 2015.
Already reeling from a handful of scandals, Japan's fast-food industry faces a new problem: diners are no longer heading out for meals like they used to.
"Japanese consumers are choosing to buy their meals at convenience stores and eat at home," said Japan Food Analyst Association (JFAA) chairman Hiroyuki Kamiya.