Food & Beverage
Coffee alone is not enough for Starbucks anymore. The world's largest coffee chain said on Wednesday that it would soon start selling beer and wine in thousands of stores worldwide as it seeks to pump up its sales in coffee-saturated markets.
Starbucks started testing beer and wine sales after 4pm in 2010 and the test programme has since expanded to 40 stores in major US urban centres.
Foreign wine producers are the latest to take advantage of China’s booming e-commerce sector, and the results have been remarkable. According to a report published by Bordeaux Management School in France, 27 percent of wine sales in China last year were made over the internet. By contrast, online sales accounted for only 8 to 10 percent of wines purchased in Europe and just 2 percent in the United States. Wine sales worldwide total more than USD5 billion every year.
Even as urban Indians kick their cola habit and switch to healthier options, PepsiCo India is witnessing a health and wellness macro trend emerging in rural India. The rising need for convenience is triggering a huge demand for health products, according to the company.
Cadbury India, a part of Mondelez International, has launched a new television campaign (TVC) to introduce Tang’s new one litre pack. Targeted at mothers, the new TVC highlights the fun and convenience of the new pack. It also showcases how mothers can motivate their children to make their own bottle of the soft drink in simple steps.
McDonald's restaurants in Taiwan will hand out more Egg McMuffins free of charge this year as part of its annual campaign to encourage people to get up early and start the day with a good meal.
While green tea is not a brand new segment, it is one that has tea majors, Tata Global Beverages (Tata) with Tetley and Hindustan Unilever (HUL) with Lipton and Taj Mahal, rooting for us to go green. In the process, they have beaten the erstwhile leader, London-based Twinings, and are going neck and neck with each other. The steady rise in competition indicates the segment's significance.
As high-end baijiu sales slump in China amid a crackdown on officials' spending, consumption of premium liquor in India is roaring ahead, says Diageo.
India's domestic market is growing at 30 percent per annum and likely to touch 28 million litres (ML) by 2015 from current estimated level of 21 million litres (ML) in major cities like Delhi, Mumbai, Goa, Bangalore, Punjab and Pune producing a good deal of wine consumers.
Fastfood giant Jollibee Foods Corp. has ramped up its presence in the Middle East with its expansion in the United Arab Emirates.
In a disclosure to the Philippine Stock Exchange, JFC said its wholly-owned unit Golden Plate Pte. Ltd. (GPPL) forged an agreement with Golden Crown Foods LLC (GCFL) to establish a joint venture company that will own and operate Jollibee stores in the UAE.
Both companies will share control and management of the joint venture equally even as GCFL will own 51 percent of the new company.
Ace investor Rakesh Jhunjhunwala, the promoter of Mumbai-based asset management firm, Rare Enterprises, bought 6,85,000 shares (or 0.5 percent) of liquor manufacturer Radico Khaitan for Rs 11.50 crore (USD1.8 million) last month. It comes at a time when the 260-million-cases spirits market in India is seeing steady consolidation.