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Category: Food

Retail News Asia is committed to providing both local and global retailers with the latest Food and Food & Beverage news throughout the Asian market. This on a daily base.

  • Coca-Cola Unveils New Absolut Vodka & Sprite Fusion: A Game Changer in Australia’s Ready-to-Drink Market

    Coca-Cola Unveils New Absolut Vodka & Sprite Fusion: A Game Changer in Australia’s Ready-to-Drink Market

    Coca-Cola Australia has broadened its alcoholic ready-to-drink range with the introduction of mixed drinks featuring Absolut Vodka and Sprite.

    Varieties in the New Range

    The new product line includes two distinct variants: Absolut Vodka Mixed with Sprite and Absolut Vodka Mixed with Sprite Zero Sugar. Both the versions maintain a modest alcohol by volume (ABV) content of 5 per cent, offered in 330ml cans.

    Available Packaging Options

    Customers have the option to buy these beverages in 4-packs, 10-packs, or bulk 24-can cases. The range of packaging options caters to different customer needs, whether it’s for personal consumption or a social gathering.

    Developing a Premium, Refreshing RTD Option

    Matthias Blume, Vice President of ARTD at Coca-Cola Australia, spoke about the recent launch. He stated that the introduction of Absolut Vodka Mixed With Sprite is a fusion of two renowned brands, aiming to provide a high-quality, invigorating ready-to-drink option for consumers in Australia. He also emphasized that this product is a valuable addition to their expanding ARTD portfolio, as it mirrors the ongoing momentum of the category and responds to the increasing consumer demand.

    Notably, this isn’t Absolut Vodka’s first foray into creative flavor combinations. The brand had previously collaborated with Tabasco to introduce a spicy flavor variant to its range.

    Questions & Answers

    What are the two versions of the new product launched by Coca-Cola Australia?
    Absolut Vodka Mixed with Sprite and Absolut Vodka Mixed with Sprite Zero Sugar are the two versions introduced in the new range.

    What are the available packaging options for this new range?
    Consumers can purchase these beverages in 4-packs, 10-packs, or 24-can cases.

    What is the significance of this new product range according to Matthias Blume, VP ARTD at Coca-Cola Australia?
    Matthias Blume suggests that the introduction of Absolut Vodka Mixed With Sprite reflects not only the momentum of the category but also the increasing consumer demand. It is intended to provide a premium, refreshing ready-to-drink option for Australian consumers.

  • Centurium Capital Brews Expansion with Acquisition of Blue Bottle Coffee from Nestlé

    Centurium Capital Brews Expansion with Acquisition of Blue Bottle Coffee from Nestlé

    In a strategic move, Centurium Capital, a private equity firm based in China and a significant investor in Luckin Coffee, has reportedly purchased the specialty coffee chain Blue Bottle Coffee from multi-national conglomerate Nestlé.

    Acquisition Details

    Reportedly, Centurium Capital is set to acquire Blue Bottle’s worldwide cafe operations at a price point under US$400 million. It’s anticipated that Nestlé will maintain ownership of other business components, which include Blue Bottle-branded coffee machines, capsule systems, and packaged coffee products.

    Inside sources have confirmed that an agreement has been signed, although the deal is still in the process of being formally closed.

    Luckin Coffee’s Expansion

    This acquisition occurs as Luckin Coffee continues its swift global expansion, now operating over 30,000 stores worldwide. The purchase of Blue Bottle is expected to bolster Luckin’s efforts to expedite its entry into the premium coffee market segment.

    Established in California in 2002, Blue Bottle has garnered a reputation in the specialty coffee market. Nestlé took a controlling stake in the brand in 2017 for an approximate sum of US$425 million.

    As of now, Blue Bottle oversees more than 100 locations across Asia and the United States.

    Previous Acquisition Considerations

    In the previous year, it was reported that Luckin Coffee was contemplating a bid for Blue Bottle, while Nestlé was reportedly collaborating with Morgan Stanley to evaluate a potential sale of the business.

    Questions & Answers

    What company has Centurium Capital reportedly purchased?
    Centurium Capital has reportedly acquired the specialty coffee chain Blue Bottle Coffee.

    What parts of the business will Nestlé retain?
    Nestlé is expected to retain Blue Bottle-branded coffee machines, capsule systems, and packaged coffee products.

    What effect will this acquisition have on Luckin Coffee’s market position?
    The acquisition of Blue Bottle is expected to support Luckin Coffee’s efforts to expedite its entry into the premium coffee market segment.

  • Molly Tea Brews up a Storm in Singapore with its Largest Southeast Asian Outlet

    Molly Tea Brews up a Storm in Singapore with its Largest Southeast Asian Outlet

    Molly Tea, a renowned Chinese tea chain, has marked its entrance into the intensely competitive food and beverage markets of Southeast Asia with the opening of its debut store in Singapore, situated at Orchard Central.

    The new establishment, which is the largest of its kind in Southeast Asia, has been designed to accommodate up to 40 customers at a time and spans across an impressive area of 1,400 square feet.

    Despite the recent unveiling of its Singaporean branch, the rapidly expanding brand is already laying plans for the inauguration of a second store in the country in the near future. The specifics of this forthcoming project have not yet been publicly disclosed.

    Molly Tea, with its origins in Shenzhen, was founded in 2020 and has since experienced an accelerated growth trajectory. This has not only allowed it to firmly establish its presence across China but also propelled it into international markets. The brand is largely recognised for its array of jasmine-based tea beverages.

    Currently, Molly Tea operates an extensive network of over 2,000 stores worldwide. Their reach extends to several major markets including, but not limited to, China, Thailand, Japan, and the United States.

    In the previous year, Molly Tea broadened its geographical footprint by foraying into the Indonesian market, establishing two stores in the capital city, Jakarta.

    Questions & Answers

    When and where was Molly Tea founded?
    Molly Tea was founded in Shenzhen, China in the year 2020.

    How many stores does Molly Tea operate globally?
    Currently, Molly Tea operates more than 2,000 stores across the globe.

    What type of beverages is Molly Tea known for?
    Molly Tea is particularly recognized for its diverse range of jasmine-based tea beverages.

  • Robust Growth for Luckin Coffee Driven by Strategic Network Expansion and New Store Openings

    Robust Growth for Luckin Coffee Driven by Strategic Network Expansion and New Store Openings

    Luckin Coffee, a reputable coffee chain, has disclosed another quarter of impressive double-digit revenue growth. This growth is mainly attributed to the company’s strategic focus on expanding its reach across various regions.

    Growth Metrics

    In the fourth quarter, which concluded on December 31, the company’s net revenues climbed by 32.9 per cent, reaching RMB12.7 billion (US$1.8 billion). The primary driver of this growth was the net opening of 1834 new stores, of which 1792 are in China, 13 in Singapore, 25 in Malaysia, and four in the United States. By the end of the quarter, the total count of stores stood at 31,048. This includes 20,234 company-operated stores and 10,814 locations in partnership.

    The same-store sales of company-operated outlets grew by 1.2 per cent. This presents a significant improvement from the 3.4 per cent decrease experienced in the same period last year.

    During the quarter, the Gross Merchandise Value (GMV) witnessed a 32.8 per cent rise. Concurrently, the average number of monthly transacting customers surged by 26.5 per cent.

    Financial Performance

    However, the GAAP operating income demonstrated an 18 per cent fall, amounting to RMB821.4 million. Additionally, the net income decreased by 39 per cent to RMB518.2 million.

    For the entire year, the net revenues escalated by 43 per cent, reaching RMB49.2 billion. This increase was accompanied by the opening of 8708 net new stores. The net income demonstrated a 22 per cent rise, standing at RMB3.6 billion.

    Leadership Insights

    Jinyi Guo, the co-founder and CEO of Luckin Coffee, offered insights into the company’s performance. Guo highlighted the strength of the company’s execution focused on scale, which enabled it to achieve robust growth amidst fluctuating market dynamics.

    Guo stated, “We concluded the year on a strong note, achieving the milestone of our 30,000th store and expanding our cumulative transacting customer base to over 450 million.”

    He further noted that the company’s increased scale strengthened its market leadership and boosted its capability to harness the structural tailwinds of China’s coffee market.

    Questions & Answers

    What contributed to Luckin Coffee’s impressive growth in the fourth quarter?
    The company’s significant growth was primarily driven by the net opening of 1834 new stores across various regions.

    How did the company’s financial performance fare in this period?
    Despite the impressive revenue growth, Luckin Coffee saw a decrease in GAAP operating income by 18 per cent and net income by 39 per cent.

    What does the company’s expansion signify?
    The expansion of Luckin Coffee’s scale has fortified its market leadership and equipped it to tap into the structural tailwinds of China’s coffee market effectively.

  • Protein-Packed Crunch: Doritos Breaks into US Protein Snack Market with New High-Protein Chips

    Protein-Packed Crunch: Doritos Breaks into US Protein Snack Market with New High-Protein Chips

    Doritos, a widely recognized brand, has recently ventured into the protein snack sector in the U.S., launching a high-protein tortilla-style chip. The company’s foray into the functional snack market is part of a broader initiative, with other subsidiaries of parent company PepsiCo, such as SmartFood, SunChips, Pepsi, Poppi, and Quaker, introducing products rich in protein, fiber, and prebiotic ingredients.

    The Protein-Rich Snack

    Each one-ounce serving of Doritos Protein offers 10 grams of protein, with a single-serve pack providing a substantial 17 grams of protein. The protein source in the chips is casein, a dairy-based protein. Consumers can find these chips in popular flavors such as Nacho Cheese and Sweet & Tangy BBQ.

    Jess Spaulding, the VP of Marketing at PepsiCo Foods US, spoke about the company’s intent behind the product. She explained that while incorporating the functional benefit of added protein, they were committed to maintaining the distinctive taste and texture that Doritos is known for.

    Availability and Future Plans

    Doritos Protein is currently sold in two sizes, 7oz and 12.75oz. As the year progresses, the company plans to introduce the product in more formats and sizes.

    Questions & Answers

    What is the protein source used in Doritos Protein?
    The source of protein used in Doritos Protein is casein, a protein derived from dairy.

    What flavors are Doritos Protein available in?
    Doritos Protein is available in two flavors: Nacho Cheese and Sweet & Tangy BBQ.

    How much protein does a single serving of Doritos Protein provide?
    Each one-ounce serving of Doritos Protein contains 10 grams of protein, with a single-serve pack offering 17 grams.

  • Schnitz Breaks Into Chicken Tender Game: Launches New Mouthwatering Signature Tenders Range Nationwide

    Schnitz Breaks Into Chicken Tender Game: Launches New Mouthwatering Signature Tenders Range Nationwide

    Schnitz, the renowned food chain, continues to expand its product range by stepping into the chicken tender category with the launch of Tom’s Signature Tenders. This new offering signifies an innovative line of premium whole-muscle chicken.

    Tom’s Signature Tenders are prepared through a unique buttermilk marination process. The tenders are then coated in a signature breading that further enhances their taste and texture. They are available in both Original and Spicy varieties to cater to the varied palates of customers.

    Adding to this, Schnitz is also introducing two new dipping sauces – Signature Sauce and Premium Ranch – to perfectly complement the chicken tenders.

    The newly launched chicken tenders have been integrated into Schnitz’s menu in a number of formats. These include Tender packs and Tender boxes, created specifically to accommodate various dining occasions.

    These premium chicken tenders are available nationwide at all Schnitz locations. Customers can enjoy them either in-store or conveniently order them online.

    Questions & Answers

    What is the unique preparation method for Tom’s Signature Tenders?
    Tom’s Signature Tenders are prepared using a unique buttermilk marination process, followed by a coating of signature breading.

    What varieties are available for Tom’s Signature Tenders?
    Tom’s Signature Tenders are available in two varieties: Original and Spicy.

    Can customers order Tom’s Signature Tenders from any location and how can they do that?
    Yes, customers can order Tom’s Signature Tenders from any Schnitz location across the country. They have the option to enjoy their meal in-store or place an order online.

  • Sweet Success: Honey Australia Buzzes into Middle East Market with Exclusive Lulu Hypermarket Partnership

    Sweet Success: Honey Australia Buzzes into Middle East Market with Exclusive Lulu Hypermarket Partnership

    The family-owned Australian brand, Honey Australia, has recently extended its reach into the Gulf Cooperation Council (GCC) through an exclusive collaboration with the Lulu Group.

    Honey Australia’s premium products are now widely available across Lulu Hypermarket locations throughout the GCC. The launch of their partnership was celebrated with an in-store event in Qatar.

    Nick Maiolo, the co-founder of Honey Australia, expressed immense pride in this exclusive partnership with the Lulu Group for the brand’s GCC expansion. He stated, “As a family-owned enterprise that has been closely working with Australian beekeepers for several generations, it’s an honor to have our products included within Lulu’s premium Australian range, and being introduced to customers across the Middle East.”

    The regional introduction of Honey Australia is in line with the company’s participation at Gulfood, a leading food and beverage industry event. This provided the company an opportunity to connect with buyers and distribution partners to further fortify its market presence.

    Honey Australia’s expansion is not limited to the Middle East alone, as the company also has plans to extend its reach in other regions worldwide.

    Questions & Answers

    What is Honey Australia’s new partnership?
    Honey Australia has entered an exclusive partnership with the Lulu Group, helping them expand into the Gulf Cooperation Council (GCC) region.

    What event marked the launch of this partnership?
    The launch of the partnership was celebrated with an in-store event in Qatar.

    What is Honey Australia’s future expansion plan?
    While they have recently expanded into the GCC, Honey Australia intends to further increase their global presence by branching out into other regions around the world.

  • Keurig Dr Pepper Hits Refresh on Profits: Beverage Giant’s Sales Surge Fueled by Popular Refreshment Brands

    Keurig Dr Pepper Hits Refresh on Profits: Beverage Giant’s Sales Surge Fueled by Popular Refreshment Brands

    In the last fiscal year, Keurig Dr Pepper experienced a surge in sales, primarily fueled by increased demand for its beverage products.

    Growth in Global Net Sales

    An 8.2% rise in the company’s global net sales was witnessed during the year ended December 31, reaching a total of $16.6 billion. On a constant-currency basis, sales saw a boost of 8.6%, spurred by a 4.8% expansion in volume/mix and a favourable net price realisation at 3.8%. The company’s acquisition of Ghost contributed to 3.8% of the volume/mix growth.

    Sales Increase in US Refreshment Beverages Segment

    The US refreshment beverages segment, which comprises brands like Dr Pepper, Canada Dry, Snapple, and 7Up, played a significant role in this increase. Sales in this segment soared by 11.9%, reaching $10.4 billion. This segment’s growth reflects its successful market share gains across carbonated soft drinks, energy drinks, and sports hydration, the company reported.

    Performance of US Coffee and International Segments

    The US coffee segment, housing brands such as Keurig, Green Mountain Coffee Roasters, and The Original Donut Shop, witnessed a slight increment in sales, moving up by 0.6% to $4 billion. This rise was largely due to increased K-Cup pods sales, which somewhat made up for the decrease in brewer sales.

    The company’s international sales also saw an improvement of 5.9%, reaching $2.2 billion (or 9.3% when adjusted for currency). This performance was led by high growth in key categories like mineral water in Mexico and single-serve coffee in Canada.

    Net Income Increase

    Keurig Dr Pepper’s GAAP net income went up by 44.3% to $2.1 billion, which included a favourable year-over-year impact of items affecting comparability. Adjusted net income also increased by 6.6% to $2.8 billion.

    CEO Tim Cofer commented on the company’s robust performance, stating that 2025 was another strong year for Keurig Dr Pepper. He praised the company’s ability to deliver on guidance, navigate the dynamic operating environment with agility, and execute well in the marketplace with innovative winning strategies and robust commercial brand activations.

    For FY26, the company anticipates a 4-6% rise in net sales.

    Changes in Board Chair Position

    Keurig Dr Pepper also announced the transition of the board chair role from Bob Gamgort to Pamela Patsley at the end of the first quarter. Patsley, a board member since 2018, currently serves as the lead independent director.

    Questions & Answers

    What contributed to the increase in Keurig Dr Pepper’s sales?
    The increase in sales can be attributed to higher demand for its beverage brands and the acquisition of Ghost, which contributed to volume/mix growth.

    How did the US coffee segment perform?
    The US coffee segment observed a slight increase in sales due to higher K-Cup pods sales, which partially offset lower brewer sales.

    What changes were announced in the company’s board?
    The company announced a transition in the board chair position from Bob Gamgort to Pamela Patsley, who currently serves as the lead independent director.

  • Farro Fresh Expands Footprint with Eighth Store in Newmarket: A New Hub for Gourmet Shopping & Dining

    Farro Fresh Expands Footprint with Eighth Store in Newmarket: A New Hub for Gourmet Shopping & Dining

    The New Zealand-based food retail chain, Farro Fresh, has announced plans to launch its eighth store in Newmarket later this year. The new store will be located at 480 Broadway, a site formerly occupied by Liquorland.

    Store Details

    Farro Newmarket is expected to offer several attractive features for customers, including 70 on-site parking spaces, three separate entrances from Broadway and Mahuru Street, and easy access to both northern and southern motorway routes.

    CEO of Farro, Garth Sutherland, expressed his enthusiasm at the choice of location, citing the suitability of Newmarket as a bustling hub for shopping, dining and entertainment. He believes that the convenience of the Broadway location will be particularly appealing for local residents.

    Product Range and Suppliers

    Sutherland acknowledged Farro’s commitment to partnering with local independent producers to offer a range of specialist products to Auckland consumers. He stated that the expansion will provide enhanced distribution opportunities for their suppliers.

    Like its sister stores, Farro Newmarket will feature a wide variety of products, including fresh produce, prepared meals from Farro Kitchen, as well as in-house fishmonger and butcher services.

    Additional Offerings

    The new store will also house a central deli offering Allpress Espresso coffee, matcha, salads, freshly prepared sandwiches, and baked goods from local bakeries. Additionally, it will stock a selection of domestic and imported cheese and charcuterie. Farro sources its products from over 500 suppliers in New Zealand and abroad, including reputed brands and restaurants such as Daily Bread, House of Chocolate, Cassia and Gemmayze Street.

    Once the store opens, customers will also have access to the Friends of Farro loyalty program and various promotional activities.

    Questions & Answers

    Where will the new Farro Fresh store be located?
    The new store will be located at 480 Broadway, Newmarket.

    What type of products will Farro Newmarket offer?
    The store will offer a wide variety of products, including fresh produce, prepared meals, in-house fishmonger and butcher services, as well as a selection of domestic and imported cheese and charcuterie.

    Will the Friends of Farro loyalty program be available at the new store?
    Yes, the Friends of Farro loyalty program and various promotional activities will be available at the new store once it opens.

  • Japan’s Top Ramen Specialist, Ramenya Shima, to Launch First International Location in Hong Kong

    Japan’s Top Ramen Specialist, Ramenya Shima, to Launch First International Location in Hong Kong

    Ramenya Shima, a renowned ramen specialist based in Tokyo, is set to make its first foray outside Japan with a new eatery in Hong Kong. The expansion is scheduled for next month, in a significant milestone for the brand.

    An Upscale Ramen Hub in Causeway Bay

    Ramenya Shima, currently operating a single establishment in Shibuya, Tokyo, has secured a location for its new venture at Sugar+ in Causeway Bay. The 1200 square foot restaurant is designed to accommodate 24 guests, mirroring its Tokyo flagship’s warm wood finishes and counter-style seating.

    A Menu Steeped in Tradition

    Ramenya Shima’s menu will primarily feature three distinct broths: shoyu, white shoyu, and shio. Each of these delectable soups is based on a complex stock concocted from 30 different ingredients, encompassing chicken, seafood, and various dried components. The noodles are made from a unique blend of five flours, including Kitahonami wheat grown in Hokkaido. Moreover, they are produced without any additives, aligning with the restaurant’s commitment to quality and authenticity.

    A Proven Track Record

    Since its establishment in 2020 by chef Hiroshi Morishima, Ramenya Shima has amassed a loyal following in Tokyo’s highly competitive ramen market. It has consistently been ranked as one of the top three ramen restaurants on a prominent Japanese dining review platform for five consecutive years.

    Chef Morishima expressed his optimism about the upcoming opening in Causeway Bay, stating, “Its vibrancy and accessibility echo the spirit of Tokyo. I am confident that all of our guests will experience the warmth and depth of our handcrafted ramen, made with recipes that have been perfected in Japan.”

    Expansion with Quality Assurance

    The move to Hong Kong signifies a strategic step in Ramenya Shima’s growth plans. In Tokyo, the restaurant is renowned for limiting its daily output to about 60 bowls to maintain consistency and high-quality standards. This practice will be replicated at their new overseas location, ensuring that the brand’s commitment to quality prevails in every aspect of its operations.

    Questions & Answers

    What is Ramenya Shima’s expansion plan?
    Ramenya Shima is venturing outside Japan for the first time by opening a new eatery in Hong Kong. The brand plans to maintain its commitment to quality and consistency, as it has in its Tokyo location.

    What is unique about Ramenya Shima’s menu?
    Ramenya Shima’s menu is based on traditional recipes. It features three distinct signature broths and noodles made from a proprietary blend of five flours, including additive-free Kitahonami wheat from Hokkaido.

    What measures does Ramenya Shima take to ensure quality?
    To maintain high standards of quality and consistency, Ramenya Shima limits its daily output to around 60 bowls of ramen. This practice will also be adopted in their new location in Hong Kong.

  • End of an Era: Jinjja Chicken Bids Farewell to Changi Airport, Teases New Location for 2026

    End of an Era: Jinjja Chicken Bids Farewell to Changi Airport, Teases New Location for 2026

    After operating for six successful years, Jinjja Chicken, a well-known fried chicken chain, has closed its shop located in Changi Airport. However, the brand hinted at a potential opening of a new outlet.

    Thanking the Loyal Customers

    In an announcement made on social media last week, Jinjja Chicken expressed heartfelt gratitude to its loyal customers for their unwavering support over the years. The brand appreciated all those customers who queued, craved, celebrated, and created lasting memories at the outlet over the past six years. The brand emphasized that the customers’ patronage significantly contributed to their journey, turning their dining experience into a space filled with camaraderie.

    Despite the closure of its Changi Airport outlet, Jinjja Chicken’s patrons in eastern Singapore need not worry. They can continue to enjoy their favourite dishes at the brand’s outlet located at Our Tampines Hub. The brand further ensured that this outlet offers an expanded menu to cater to all taste buds.

    The Journey Continues: Future Plans

    Jinjja Chicken currently operates six restaurants. However, their journey doesn’t end here. The brand has excitedly teased the opening of another new outlet, slated for March 2026. While the exact location of the upcoming outlet remains a mystery, the brand invited the public to guess the location, dropping a hint that the place starts with the letter “B”.

    Jinjja Chicken is well-known for serving crunchy deep-fried chicken tossed in an array of sauces. Besides their signature offering, the brand also serves a variety of South Korean dishes such as kimbap and spicy noodles, catering to a wide range of culinary preferences.

    Questions & Answers

    What will happen to Jinjja Chicken’s outlet at Changi Airport?
    The outlet at Changi Airport has closed after six years of operation, as announced by Jinjja Chicken.

    Where can customers in eastern Singapore find Jinjja Chicken now?
    Customers from eastern Singapore can still enjoy Jinjja Chicken’s offerings at their outlet located at Our Tampines Hub.

    Does Jinjja Chicken plan to open a new outlet?
    Yes, Jinjja Chicken has hinted at the opening of a new outlet scheduled for March 2026 with the location starting with the letter “B”.

  • Jago Coffee Brews up $12.5M in Series B Funding for Nationwide Mobile Expansion

    Jago Coffee Brews up $12.5M in Series B Funding for Nationwide Mobile Expansion

    Jago Coffee, an Indonesian-based mobile coffee startup, recently secured a significant financial boost of US$12.5 million in a Series B funding round. This recent round of funding will enable the company to progress with its expansion plans. The focus is on increasing its fully electric coffee cart network and bolstering its proprietary technology platform across Indonesia.

    Investment Details

    The Series B round received significant support from a trio of investors, namely Beenext, Intudo Ventures, and Orzon Ventures. This follows a Series A round, which saw Jago Coffee secure US$6 million in funding in 2024.

    Jago Coffee’s Business Model

    Founded in Jakarta, Jago Coffee operates an extensive network of fully electric carts. These mobile units serve fresh, cafe-quality beverages in various settings, from residential neighbourhoods to commercial districts and transit hubs.

    The coffee startup’s strategy is to offer high-quality beverages at competitive prices, targeting a mass-market consumer base. The company’s innovative service model eliminates the overhead costs associated with traditional brick-and-mortar storefronts. It prioritizes convenience and accessibility while maintaining cost efficiency.

    Customers have two options to order from Jago Coffee. They can either purchase directly from the mobile carts or use the company’s dedicated app. The app allows customers to request the nearest barista to be dispatched directly to their location.

    Questions & Answers

    What is the business model of Jago Coffee?
    Jago Coffee operates a fleet of fully electric coffee carts that serve fresh beverages in various locations. The company targets mass-market consumers with cafe-quality drinks at affordable prices. It emphasizes convenience, accessibility, and cost efficiency by eliminating the need for physical storefronts.

    Who led the recent funding round for Jago Coffee?
    The latest funding round, Series B, was led by Beenext, with participation from Intudo Ventures and Orzon Ventures.

    How do customers order from Jago Coffee?
    Customers have two options for ordering from Jago Coffee. They can either order directly from the roaming coffee carts or use the company’s dedicated app to have the nearest barista delivered to their location.

  • Heytea Unveils First Experimental ‘Lab’ Store in Canada at Toronto Eaton Centre

    Heytea Unveils First Experimental ‘Lab’ Store in Canada at Toronto Eaton Centre

    Heytea, a renowned Chinese tea chain, has recently expanded its global presence by launching its pioneering ‘Lab’ store in Canada, situated in the bustling downtown Toronto Eaton Centre. This addition to the Toronto cityscape represents a significant milestone in the expansion of the bubble tea market segment.

    Encompassing an area of 1800 square feet, the ‘Lab’ store, strategically located on the mall’s main level, is a deviation from Heytea’s conventional store design. The ‘Lab’ concept focuses on offering a range of limited-edition and innovative products instead of a standard fixed menu.

    This unique Toronto location features an exclusive selection of eight beverages, only available at this site. Many of these drinks are centred around a ‘Rock Oolong’ tea base, which Heytea leverages to enhance the appeal of its premium-priced and specialty products.

    Furthermore, the ‘Lab’ store’s menu also showcases collaborative creations developed with esteemed Toronto chef, Susur Lee. These innovative offerings incorporate high-end ingredients, including caviar, into select beverages and desserts.

    Heytea launched its initial foray into Canada in 2023 when it opened its first store in Vancouver. Since then, the company has continued to grow its Canadian presence, now boasting six stores across Vancouver and Toronto. The opening of the Toronto Eaton Centre location further solidifies its foothold in the country.

    Established in 2012, Heytea has established a significant global presence, operating approximately 4000 stores in over 330 cities worldwide. This includes more than 100 locations spread across Hong Kong, Macau, and various international markets, with over 45 stores in North America alone.

    Questions & Answers

    What is unique about Heytea’s ‘Lab’ store in Toronto Eaton Centre?
    The ‘Lab’ store deviates from Heytea’s typical store format, focusing on offering customers limited-edition and innovative products rather than a standard fixed menu.

    What specific beverages are available only at the Toronto ‘Lab’ location?
    The Toronto ‘Lab’ store offers an exclusive selection of eight drinks, many of which are centred around a ‘Rock Oolong’ tea base.

    What collaborative creations are included in the menu of Heytea’s ‘Lab’ store?
    The ‘Lab’ store’s menu features collaborative creations developed with renowned Toronto chef, Susur Lee. These unique offerings incorporate high-end ingredients like caviar into select beverages and desserts.

  • Jollibee Amplifies Asian Footprint with Hot Pot Acquisition and Compose Coffee Expansion

    Jollibee Amplifies Asian Footprint with Hot Pot Acquisition and Compose Coffee Expansion

    Jollibee Foods Corporation (JFC) is accelerating its expansion across Asia with the purchase of a South Korean hot pot buffet chain and the impending introduction of a rapidly expanding Korean coffee brand into the Philippines.

    Acquisition of Shabu All Day

    JFC has secured a 70% majority stake in All Day Fresh Co, the company that operates Shabu All Day, through its subsidiary Jolli-K Co. Shabu All Day, established in 2014, has since blossomed into a chain of 169 stores throughout South Korea, acquired for an approximate total of $87 million.

    Growth in Beverage and Dining Segments

    Already part of JFC’s Korean platform is the coffee chain Compose Coffee. This diversifies the corporation’s portfolio, enabling it to have a presence in both beverage-led and full-service dining sectors.

    Introduction of Compose Coffee to the Philippines

    JFC is set to bring Compose Coffee to Philippine consumers under a master franchise agreement via its subsidiary Fresh N’ Famous Foods. Initial stores are expected to commence operations later in the year. Compose Coffee, founded in Busan in 2014, has undergone rapid growth to almost 3000 stores, establishing itself as one of Korea’s top value-oriented coffee chains. In 2024, JFC obtained a 70% stake in the coffee chain. This move is part of JFC’s ongoing efforts to make inroads into the rapidly growing coffee and tea segment, where it already operates brands such as Highlands Coffee, The Coffee Bean & Tea Leaf, and Milksha.

    Company Growth Amid Record Sales

    JFC has reported record preliminary systemwide sales of ₱122.3 billion (approximately $2.1 billion) in the fourth quarter of 2025, a 12% year-on-year increase. Throughout the year, the company’s total network of stores grew by 5.9% to 10,341 outlets, the highest number of new store openings in JFC’s history. This includes 3504 stores in the Philippines and 6837 international locations, demonstrating ongoing expansion in key markets.

    Globally, JFC operates 576 stores in China, 348 in North America, and 437 across Europe, the Middle East, Asia, and Australia. The company’s portfolio includes 985 Highlands Coffee outlets, 1079 The Coffee Bean & Tea Leaf stores, 357 Milksha locations, 2972 Compose Coffee stores, and 83 Tim Ho Wan branches.

    Questions & Answers

    What is JFC’s strategy for expansion in Asia?
    JFC is expanding its presence in Asia through acquisitions, such as the recent purchase of the South Korean hot pot buffet chain Shabu All Day, and launching new brands, like the upcoming introduction of Compose Coffee in the Philippines.

    What are some notable brands under JFC?
    JFC operates several well-known brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, Compose Coffee, and Tim Ho Wan.

    What has been the growth of JFC in recent years?
    JFC has experienced significant growth, with record systemwide sales in the fourth quarter of 2025 and a 5.9% increase in its total store network. This growth is reflected in its ongoing expansion in both domestic and international markets.

  • Jollibee Foods Sizzles up Asian Market with Korean Hot Pot Acquisition and Compose Coffee Expansion

    Jollibee Foods Sizzles up Asian Market with Korean Hot Pot Acquisition and Compose Coffee Expansion

    Jollibee Foods Corporation (JFC), a dominant player in the food service industry, is poised to strengthen its position in Asia through the acquisition of a South Korean hot pot buffet brand, Shabu All Day, and the anticipated introduction of a rapidly-growing Korean coffee brand, Compose Coffee, into the Philippines.

    Amplifying Asian Presence

    Jolli-K Co, a subsidiary of JFC, has acquired All Day Fresh Co, the company behind the operation of Shabu All Day, in a deal worth approximately US$87 million. Shabu All Day, established in 2014, boasts 169 stores distributed across South Korea. In addition to this acquisition, JFC’s South Korean portfolio encompasses the coffee chain, Compose Coffee, ensuring the company has a diverse presence across both full-service dining and beverage-led segments.

    Introducing Compose Coffee to the Philippines

    In a synergistic move, JFC is set to bring the Korean coffee brand, Compose Coffee, to the Filipino market. This will be achieved through a master franchise agreement facilitated by its subsidiary, Fresh N’ Famous Foods. The first Compose Coffee stores are projected to open in the Philippines later this year.

    Established in 2014 in Busan, Compose Coffee has witnessed prolific growth, with around 3000 stores in operation. This growth has positioned it as one of South Korea’s most significant value-driven coffee chains. JFC acquired a 70 per cent stake in Compose Coffee in 2024. This expansion into the Philippines is a testament to JFC’s ongoing commitment to the flourishing coffee and tea sector, where it already operates various brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, and Milksha.

    Unprecedented Network Growth

    These growth strategies were announced against a backdrop of record sales for JFC in the preliminary fourth quarter of 2025. The food service giant reported systemwide sales of ₱122.3 billion (approximately US$2.1 billion), a 12 per cent increase year on year.

    The company’s total store network for the full year expanded by 5.9 per cent to reach 10,341 outlets, the highest level of gross store openings in the company’s history. This network comprises 3504 stores in the Philippines and 6837 international stores, demonstrating JFC’s consistent expansion across key markets. JFC operates 576 stores in China, 348 in North America, and 437 across Europe, Middle East, Asia, and Australia. The growth is largely driven by its diverse portfolio of brands, including Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, Compose Coffee, and Tim Ho Wan.

    Questions & Answers

    What is Jollibee Foods Corporation’s latest acquisition?
    Jollibee Foods Corporation has recently acquired Shabu All Day, a South Korean hot pot buffet chain, through its subsidiary, Jolli-K Co.

    What new brand is JFC introducing to the Philippines?
    JFC is set to introduce Compose Coffee, a popular and rapidly-growing South Korean coffee brand, to the Philippines.

    What was JFC’s growth rate for their total store network in the last fiscal year?
    JFC’s total store network grew by 5.9 per cent during the last fiscal year, reaching a total of 10,341 outlets.