Food & Beverage
Uni-President Enterprise Corp., one of Taiwan's largest food producers, has pledged to employ more local managers at its factories in Vietnam in the wake of anti-Chinese protests in mid-May that affected operations at one of its factories in the Southeast Asian country.
Starbucks on Friday said it will raise prices on some drinks offered by its US shops and also boost list prices on its own brand of packaged coffee sold in supermarkets and other retail outlets.
Zomato.com has announced an investment of USD1 million to strengthen its presence in Scotland. The announcement was made by Viraj Sawant, Business Head, Zomato Western India at an event to mark the launch of ‘Scotland Welcomes the World’ campaign by Scottish Development International.
Mega Mahadana Hadiya, a unit of Tiara Marga Trakindo, is setting aside up to USD25 million to open 100 new chicken-wing restaurants in Indonesia over seven-year period, according to its chief executive.
The company known as Mahadya is trying to capitalize on the country's growing economy and middle income households. It is the franchise holder of the Carl's Jr. burger brand.
Mahadya opened up its first local Wingstop store at Kota Kasablanka Mall in South Jakarta on Monday.
Supermarket group Carrefour has decided to stop buying prawns from the Thai company CP Foods, following a Guardian investigation which revealed slavery in the supply chain.
The French retailer, which is one of the four largest in the world, announced that it had suspended purchases while it audited the complex chain. Other European retailers are reportedly vetting their own supply chain to verify whether slaves are involved at any stage in the process.
McDonald's is not loving it in Thailand.
The burger chain's famous golden arches have become part of the iconography of anti-coup protests and it is warning activists to "cease and refrain" from using its trademark.
One of the McDonald's stores in Bangkok has become a gathering place for protests following the 22 May military takeover because of its central location. Some protesters have used the McDonald's logo in their anti-coup signs, replacing the "m" in democracy with the yellow arches.
Japanese e-commerce giant Rakuten Inc. opened a café in Tokyo on Thursday, offering customers popular desserts, snacks and drinks from its online mall and a variety of Rakuten services.
Located in Japan's youth and fashion hub of Shibuya, Rakuten CAFE is expected to become another Shibuya landmark and a milestone in Rakuten branding.
The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks's struggling local operations in a bid to turn around its fortunes, the company said on Wednesday.
While the iconic US brand dominates in some parts of the world, it has failed to gain a foothold in a long robust Australian coffee market and only has 24 stores.
The Withers Group, which has built its convenience store operations to include 600 outlets, has now acquired the local Starbucks licence from its US parent for an undisclosed sum.
Cafe Coffee Day, India's biggest coffee chain, has started interviewing investment banks for a possible initial public offering in Mumbai next year, sources said. The company, backed by KKR & Co, could seek a valuation of about USD1 billion, according to sources, who asked not to be identified as the deliberations are confidential.
Jollibee Foods Corp. (JFC), the Philippine largest food service company, reported a 24.7 percent jump in net income to PHP1.1 billion (USD25.1 million) in the first quarter of 2014 from the PHP881 million the company had in the same period last year.
In a disclosure to the Philippine Stock Exchange, Jollibee said the profit growth was driven by strong same store sales, both in the Philippines and abroad. Revenues rose 15.2 percent to PHP20.9 billion from PHP18.2 billion in the first quarter of 2013.