Food & Beverage
The Coca-Cola Company is set to purchase 16.7 percent equity stake in Monster Beverage Corp., paving the way for a partnership that is expected to spur growth of the brands in the global energy drink category.
Under the agreement, Coca-Cola Company will make a net cash payment of USD2.15 billion and transfer its worldwide energy business to Monster. In exchange, Monster will issue to The Coca-Cola Company the shares of Monster common stock, transfer its non-energy business to The Coca-Cola Company, and enter into expanded distribution arrangements.
Strong sales in new and existing stores allowed homegrown fastfood giant Jollibee Foods Corp. (JFC) to post significant profit growth in the first semester of the year.
The quickservice restaurant chain is bullish on recording higher full-year earnings despite operational difficulties that prompted the company to close several stores across different brands, its top executive said.
lready the largest beer market in the world by volume, China is expected to overtake the US as the world's largest beer market by value within the next three years, a recent industry report has forecast.
According to Euromonitor International, the beer market in China was 79 percent of the size of the US market in 2013 (in fixed exchange rate terms), but is expected to record growth of 45 -ercent by 2017 to make it the global leader, Asia Outlook reported.
McDonald's reported its worst monthly calendar-adjusted global same-store sales since early 2003 as it deals with a meat-supplier scandal in China and continued weakness in the US.
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Japanese food and beverage companies which are aggressively developing their halal industry are looking to establish centres in Malaysia. Japan External Trade Organisation (Jetro) said Malaysia has shown good progress in the halal industry and that Japanese companies were keen to establish and expand their market throughout Malaysia.
Tony Leon the former boss of Coles's Liquor division and the mastermind behind Woolworths's Dan Murphy's superstores, has aggressive expansion plans after buying a 50 percent stake in retail chain Steve's Liquor.
Steve's Liquor runs five stores in Victoria and Tasmania and a liquor wholesaling business and is planning to use that as a springboard to triple in size within three to five years.
Leon said on Thursday there were plans in place for strong organic growth, but also the potential for further acquisitions.
Since Starbucks opened its first coffee house in Ho Chi Minh City, Vietnam's economic hub, the number of shops has now expanded to eight. This figure looks positive, but, will the Starbucks network survive?
The Seattle-based coffee provider faces fierce competition from the already firmly-standing names, such as Highlands Coffee and Trung Nguyen, which have more than 40 and 70 outlets respectively, let alone thousands of independent cafes throughout the country.
Japan's Panasonic Corp, best known for its television sets and home theatre systems, wants to feed Singaporeans its radishes and lettuce. A unit of the electronics conglomerate last week started selling to a chain of Japanese restaurants in Singapore fresh produce grown in what it says is the first licensed indoor vegetable farm in the island.
Yum Brands Inc, owner of KFC and Pizza Hut, said on Friday that it had terminated its relationship with the US-based OSI Group following the Shanghai Husi food safety scandal. And Burger King Worldwide Inc also announced that it would no longer buy products from OSI suppliers in China, where the hamburger chain has about 200 restaurants.
A food safety scare in China is testing Chinese consumers' loyalty to foreign fast-food brands, including McDonald's and Yum Brands, which owns the KFC and Pizza Hut chains.