ASIA FOOD & BEVERAGES

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Yokohama Reito will establish a wholly-owned subsidiary called Vietnam Yokorei in March to handle refrigerated warehouse business in Vietnam

The company invested Dong 306 billion (US$13 million) on the new business. Meanwhile, Yokohama Reito also has a local subsidiary with the largest share in the frozen warehouse business in ...

Nestle is piloting refillable vending machines for Milo and Koko Krunch in Indonesia. The innovative machines will be available at 2 local retailers in Indonesia during a 4-6 month trial period.

This is part of Nestle effort to explore novel solutions that help to eliminate the need for disposable packaging. Working in collaboration with ...

Green Food Factory Co, the operator of the Salad Factory restaurant chain, is investing Bt 70 million (US$2.04 million) to expand its business with the opening of 9 new stores this year.

This will bring its total number of stores to 39 by the end of this year. The influx of tourists has also ...

Australian retailer, Coles has recently signed an agreement with major Thai retailer, Central Food Retail Company (Central) to sell 200 Coles house brand products in Thailand.

This will represent a strong opportunity for Australian producers to capitalise on the growing Thai F&B market, which is expected to grow at a CAGR of 5.7%, according ...

US-based The Planting Hope Company Inc. (Planting) has started to distribute its Hope and Sesame sesame milk in Hong Kong and Macau through a partnership with Alarcon Enterprise Limited.

Hope and Sesame sesame milk has recently won Best Plant Milk Award at the recent LOHAS Natural, Organic, and Green Living Expo in February.

Julia ...

Robinsons Retail Holdings Inc. plans to invest up to Pesos 7 billion (US$128.3 million) to expand its network by 180 to 200 additional stores in 2023.

Robinsons was operating 2,310 stores, excluding 2,151 pharmacy stores under The Generic Pharmacy brand as of end-2022.

According to Robinson’s President and CEO Robina Gokongwei Pe, the company ...

Lipton Teas and Infusions (Lipton), the world’s largest tea and herbal drinks manufacturer has partnered with DKSH to establish its presence in leading supermarket chains and grow its market share in Vietnam.

DKSH Business Unit Consumer Goods has recently been entrusted by Lipton to represent its portfolio of products across Vietnam.

In this new ...

Vietnamese chocolate brand, Marou is planning to expand its business activities around Vietnam.

Maison Marou, the high-end coffee, cake, and chocolate chain of Marou, has attracted the attention of domestic consumers.

There are currently 8 Maison Marou shops in HCMC, Hanoi, and Binh Duong province.

Marou plans to open ...

Boncafe Vietnam, part of Massimo Zanetti Beverage Group, has launched its new concept store in the capital of Vietnam, Hanoi.

Located in the bustling district of Tay Ho, this unique concept store houses an authentic Italian Artisan Gelato Brand by Gelato Italia and a Coffee-Bar serving gourmet Italian coffee ...

Fresheasy Co., a leading meal kit provider in South Korea, will introduce more than 100 types of meal kits in Singapore starting in April as it strives to expand its global presence.

Fresheasy will make its 100 meal kit products available on Redmart, the top online platform for food products in Singapore operated by ...

In a surprising move, DFI Retail Group (DFI or Dairy Farm International) has recently inked an agreement to dispose its food businesses in Malaysia, including the iconic Giant brand, to a local retail group which operates Gama supermarket chain.

Datuk Andrew Lim, the Group Deputy Chairman of Sogo Department Store Sdn Bhd as well ...

Wellspire Holdings Berhad (Wellspire), a distributor and online retailer of consumer-packaged foods in Thailand, has recently announced that it has, via its subsidiary, Bai Li Enterprise, successfully renewed its distribution contract for another year with QiaQia Food Co., Ltd (QiaQia), the producer of roasted seeds and nuts, and baked snack foods in China.

Wellspire ...

In 2022, Luckin Coffee’s annual revenue surpassed Rmb 10 billion (US$1.45 billion) for the first time. This year, the Chinese coffee chain aims to establish 10,000 stores despite competition from Cotti Coffee, a new brand launched by Luckin former Chairman, Charles Lu.

Luckin has 8,214 stores at its latest count in end 2022.

Guo ...

Carrefour China, facing an uncertain future, has recently reached a cooperation agreement with a state-owned facility in East China's Anhui Province to help with its business upgrading.

According to a report, Carrefour China recorded that its net loss increased from Rmb 795 million (US$114 million) in 2020 to Rmb 3.337 billion (US$485 million) in ...

Thailand has witnessed tremendous e-commerce growth over the past 3 years. Online grocery services have become one of the fastest-growing e-commerce categories in the country.

The pandemic has accelerated the demand for e-commerce as preventative measures that encouraged people to social distance and stay indoors have promoted online purchasing of goods.

In 2021, Euromonitor ...

Paris Baguette, a household name in South Korea, has more than 3,400 outlets in the home country, which translates to 1 in 5 bakeries in Korea.

It is now building on its success at home, by expanding to overseas markets. Its globalisation strategy has proven successful as it now has 450 stores in 9 ...

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