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.

  • Cocosnack offers a new diner experience

    Cocosnack offers a new diner experience

    Cocosnack, in the centre of Hue city, claims to be the first American diner in Vietnam offering both local and international food.

    As the photos show, the venue features an unforgettable pink colour palette with strong 1950s-influenced theming. The shocking pink is offset by a black-and-white chequered floor.

    As well as burgers featuring Australian beef, the new outlet offers freshly made Vietnamese specialities.

    Using imported flour, the diner’s French chef can also produce French country-style bread, kebabs, pasta and pizza, as well as snacks.

    It is easy to recognise the diner with its stylised Citroen car by the entrance.

  • Food2U scores a long term investment

    Food2U scores a long term investment

    Myanmar food-delivery platform Food2U has raised a six-digit investment from Premium Distribution, which handles retail, food services and non-food products.

    It imports and distributes products from such food brands as Cadbury, Ferrero, Fontana and Nestle, as well as items from Lock & Lock and Luminarc.

    The valuation of the startup, founded in early 2015, is said to be more than US$2 million. The company is led by founder/MD Kyaw Myo Thet, whose background is software engineering. In May last year, Food2U raised a six-digit amount from three individual investors including iMyanmarHouse.com founder Nay Min Thu.

    Food2U, which handled about 5000 deliveries a month last year, has expanded its services beyond Yangon to Mandalay and Taunggyi. It has also forged a partnership with Pizza Hut in Myanmar, a JV involving Pizza Hut Myanmar, City Mart Holding and Jardine Restaurant Group.

  • TWG Tea celebrates with new e-commerce platform

    TWG Tea celebrates with new e-commerce platform

    To mark its 10th anniversary, TWG Tea has launched a global e-commerce website, with Singapore being the first nation to experience it (the company is based in Singapore).

    With a refurbished interface, the site now offers a suite of tools, such as a customised gifting guide and an interactive tea connoisseur service, which recommends a customer’s perfect tea based on a fun quiz.

    There is also richer content so consumers can learn about the brand’s harvests, handcrafted blends, tea merchandise and edible treats.

    With the consumer in mind, the reboot aims to complement and mirror the in-store experience.

    The brand also introduces a premium by-invitation-only membership, “MyTWG”, which offers tea-related rewards and benefits.

  • Subway Singapore applying for halal certificate

    Subway Singapore applying for halal certificate

    Popular fastfood chain Subway is in the midst of applying for a halal certificate for its outlets across Singapore, the restaurant said on Wednesday (March 21).

    Subway Singapore said in a Facebook post that it has “initiated a halal certification process” and that all its restaurants will service only non-pork protein from Wednesday onwards.

    Earlier this year, on Jan 31, the Islamic Religious Council of Singapore confirmed in a tweet that the fastfood chain had “shown interest” in applying for halal certification.

    “We’ve had a few rounds of discussion with them to help them prepare themselves,” one tweet said.

    However, it added that it had yet to receive formal applications for the certification.

    In response, Subway Singapore released a statement listing 60 outlets that have stopped selling pork.

     Among the ingredients replaced were regular bacon, with chicken bacon.
  • 3 new restaurants for Impossible Foods

    3 new restaurants for Impossible Foods

    Impossible Foods launches its plant-based meat at three Hong Kong restaurants today: Beef & Liberty, Happy Paradise and Little Bao. They’re the first eateries outside the US to feature the artificial meet on their menus.

    Introduced in 2011 by Stanford biochemistry professor and former pediatrician Dr Patrick Brown, Impossible Foods makes meat, fish and dairy products directly from plants. It uses science and technology to create wholesome food with the aim of restoring natural ecosystems while sustainably feeding a growing global population.

    Hong Kong is the first place outside the US to have the Impossible Burger, which cooks, smells and tastes like ground beef but is made entirely from plants. It is served in more than 1400 outlets in the US from award-winning restaurants to diners to the nation’s original fast-food chain White Castle. In Hong Kong, diners can try the product as a traditional burger or as the central filling of savoury streetfood.

    “We’re confident that Hong Kong – Asia’s crossroads of ideas and influences both modern and traditional – will be home to the most innovative Impossible recipes yet,” says Impossible Foods CEO/founder Brown.

    Twist on tradition

    Named Asia’s top female chef last year, chef May Chow heads Happy Paradise and Little Bao, which both present a 21st-century approach to traditional Cantonese dining. A Toronto native who trained and worked in Bangkok, Los Angeles and Boston, Chow gained fame in Hong Kong’s streetfood markets.

    From today at Little Bao, Chow and her team are serving the Impossible Bao, a traditional sandwich made with Impossible meat, black-pepper teriyaki sauce, salted-lemon kombu salad, and fermented tofu sauce, between two house-made steamed buns. The Impossible XinJiang Hot Pocket, another Chinese street snack debuts at Happy Paradise, served with pickled daikon and XinJiang spices.

    Another award-winning chef in Hong Kong, Uwe Opocensky, who worked in Spain’s El Bulli when it was voted best restaurant in the world, spent a decade as executive chef at Hong Kong’s Mandarin Oriental before joining Beef & Liberty as group executive chef in 2016. Beef & Liberty is serving the Impossible Thai Burger with chili, coriander, mint, basil, spring onion, soya mayonnaise, crispy shallots and garlic. The restaurant group is also featuring Impossible Chili Cheese Fries.

    “We are obsessed, in a good way, with burgers and doing what we can for the environment,” says Opocensky. “We love the way the Impossible Burger has created new excitement in the global burger scene and opportunities to be more sustainable.”

    Impossible products have been made available in Hong Kong on a limited and exclusive basis through importer/distributor Classic Fine Foods.

    Ingredients of the Impossible Burger include water, wheat protein, potato protein and coconut oil, with special ingredient heme contributing the characteristic taste of meat. Heme is a molecule that is especially abundant in animal tissue. The burger is produced without abattoirs, hormones, antibiotics, cholesterol or artificial flavours. Its production uses about 75 per cent less water, generates about 87 per cent fewer greenhouse gases, and needs about 95 per cent less land than conventional ground beef.

    Investors in Impossible Foods include Bill Gates, Google Ventures, Temasek, UBS and Open Philanthropy Project.

  • Phuc Long makes it debut in Danang

    Phuc Long makes it debut in Danang

    Vietnamese coffee and tea chain Phuc Long has opened its first Danang outlet.

    Located on the second floor of Lotte Mart, the new Phuc Long Danang store drew long queues on opening day, as it offered three days of launch promotional activity. From today until Sunday, customers who come early and check-in on Facebook will get free vouchers and coffee mugs.

    Phuc Long has partnered with Grab to offer discount for rides to its store – for both GrabBike and GrabCar.

    The second Phuc Long Danang outlet will open soon on Nguyen Van Linh.

  • Iceland Foods partners up with JD.com

    Iceland Foods partners up with JD.com

    Welsh supermarket giant Iceland Foods will partner with e-commerce platform JD.com to sell its products to China.

    These will include its own-brand products such as biscuits, cereals and sauces, as well as cosmetics brands Pulsin, Re-gen, and Soft and Gentle.

    “With the rapid growth and significant opportunities the market in China offers we decided it was time to act,” says Iceland founder Sir Malcolm Walker.

    “Iceland adds to the growing number of British brands on our platforms as we continue our push to bring the best of Britain to Chinese consumers,” says JD Worldwide GM Yang Ye. The number of UK brands on JD.com has doubled in the past few years, and this week it held a 24-hour “Celebrate Britain” promotion.

  • Gloria Jeans to expand with 40 stores in Germany

    Gloria Jeans to expand with 40 stores in Germany

    A local scandal hasn’t dampened Retail Food Group’s international ambitions, with the franchise giant announcing that its troubled Gloria Jeans brand will expand into Germany.

    A 10-year master franchise agreement has been signed with a group of local businessmen who are slated to open 40 Gloria Jeans outlets in Germany over the next five years.

    The deal follows a slate Master Franchise Agreements signed by RFG across the Donut King and Crust Pizza Gourmet Pizza brands in recent months as it looks to diversify its operations outside of Australia.

    Gloria Jeans already has master franchise deals in the Czech Republic, Poland and Romania but Germany will considerably bolster its presence outside of eastern-Europe.

    The first German Gloria Jeans store will be in Cologne and will open by the middle of this year.

    Retail Food Group has been embarking on a modernization plan for the coffee brand recently, unveiling new store concepts to try and excite shoppers after sales from its beverages division struggled to gain traction last year.

    RFG’s chief executive of international Mike Gilbert said Europe was an important market for the business and that Gloria Jeans was positioned for success in Germany.

    “Germany has a growing speciality coffee market and Gloria Jean’s Coffees has an outstanding offering to meet that need. It’s an offering that is already very successful with close to 900 outlets throughout the world,” he said.

    “Retail Food Group is actively marketing our brands in Europe and see this region as a key part of our international growth strategy.”

    International has been one of the few bright spots for RFG in recent months as it navigates slowing trading and the fall-out from media reports that its business model is treating franchisees poorly.

    In March the business booked a $87.8 million half-year loss, flagging the closure of up to 200 stores of its thousand-plus stores.

  • Royal Dragon Vodka secures King Power Thailand listing

    Royal Dragon Vodka secures King Power Thailand listing

    Royal Dragon Vodka TR agent Yam Seng Pte Ltd has secured a new listing for Royal Dragon Vodka with King Power Thailand.

    The Imperial 1 litre and Elite Flavoured Collection are part of the Royal Dragon Vodka assortment available at departure stores in Bangkok Suvarnabhumi International Airport.

    As reported earlier this month, Yam Seng secured a new listing for the brand with Ever Rich Duty Free in Taiwan.

    Yam Seng Pte Ltd Sales and Marketing Director Jesreen Sidhu said: “We’ve been building Royal Dragon Vodka’s presence across different markets for the past three months and our most recent listing with King Power Thailand is an indication of steady growth.

    “Suvarnabhumi Airport is a strategic location for us as it is a key hub for Southeast Asian travel and receives a growing influx of global tourists.”

    Singapore-based Yam Seng Pte Ltd, a company owned by the Tuli family, is the appointed agent for the ultra-premium vodka brand in selected key duty-free markets.

  • Jollibee takes control of US burger chain

    Jollibee takes control of US burger chain

    Homegrown fast-food giant Jollibee Foods has consummated a deal to acquire a controlling stake in US hamburger chain Smashburger, taking a bigger bite of the vast US market and scaling up its global footprint.

    In a disclosure to the Philippine Stock Exchange on Tuesday, Jollibee said the closing conditions, including required government approvals, had been obtained as provided under the March 8 purchase agreement signed by wholly owned subsidiary Bee Good! Inc. (BGI) for the acquisition of an additional 45 percent of SJBF LLC, the parent company of the entities comprising the Smashburger business.

    With the execution of the $100-million deal with Smashburger Master LLC, Jollibee now officially owns 85 percent of Smashburger through BGI, the disclosure said.

    With the transaction, US sales contribution to worldwide sales surged to 15 percent from 5 percent. Consequently, foreign businesses now account for about 30 percent of Jollibee’s system-wide sales, from 20 percent prior to the Smashburger deal.

    In terms of store network, the consolidation of Smashburger into Jollibee increases its worldwide store network by 365 stores or 9.6 percent to 4,162. This also expands Jollibee’s geographical presence from 16 countries to 21, adding Costa Rica, Egypt, El Salvador, United Kingdom (England and Scotland) and Panama to its global footprint.

    Smashburger, which is based in Denver, Colorado, has 365 restaurants worldwide in 39 states in the US and in 10 foreign markets.

    Jollibee—now one of the most valuable restaurant chains in the world in terms of market capitalization—had said that one of its priorities upon takeover would be to change Smashburger’s debt structure to significantly reduce its financing cost and enable the business to make more investments for long-term growth.

  • Jollibee offers the best summer fun for kids

    Jollibee offers the best summer fun for kids

    Kids are in for one of the best fun and learning experiences this summer as Jollibee welcomes them to the best summer activity – the Jollibee Kids Club Mini Managers Camp, happening until May 31, 2018.

    Through the six-day camp, kids aged 4-12 years old can learn the important values and key roles of a Jollibee Manager such as hard work, leadership, and responsibility through various fun and engaging learning activities.

    Wearing their Jollibee Mini Managers uniform, complete with nameplates, the kid managers will greet customers as they enter the store, work behind the counter to take orders, and hand out take-out bags via the Drive-Thru window to discover and experience first-hand Jollibee’s values, the Alagang Jollibee service heritage, and learn the store’s best practices. They will also engage in arts and crafts, Yumburger making, ice-cream making, fun games, and dancing, all while interacting with other kids and meeting new friends.

    “We at Jollibee believe that even at a young age, kids need to develop a sense of discipline, hard work, and responsibility in a fun learning environment, to become future leaders and managers. These are the values and lessons we want our Mini Managers to learn and experience as these will be pivotal in their growth, said Charisse Sumulong, Jollibee senior brand manager and head for Channels and Kids Marketing, “That is why the Jollibee Kids Club Mini Managers Camp is the best summer activity for Jolly Kids as it provides a fun and engaging atmosphere for kids to enjoy their vacation.”

    For only P650, parents and guardians can enroll the kids to the Mini Managers Camp at any participating Jollibee store nationwide. Non-JKC members are also welcome to enroll. Participants will get a Mini Managers Camp workshop kit that includes a set of Mini Managers uniform and name plate, activity materials and a camp bag, snacks for the six days of the program.

    The Jollibee Kids Club Mini Managers Camp is already accepting participants to the best summer workshop so, hurry, and sign up your aspiring Mini Managers today! Visit your nearest Jollibee store or follow /Jollibee Philippines on Facebook for more details.

  • Urban Indonesians consumed more non-animal sources of protein

    Urban Indonesians consumed more non-animal sources of protein

    It seems the widespread move away from meat is not only happening in Europe or the US, but also here in Asia Pacific. New research from global market intelligence agency Mintel reveals that as many as two in five (39%) urban Indonesians and one in three (34%) urban Thais consumed more non-animal sources of protein (eg plant, dairy, grains) in 2017, compared to the previous year.

    While still in early stages, this trend has also infiltrated meat-loving Australia. Indeed, 16% of urban Australians said they avoided or intended to avoid red meat in 2017, while one in five (19%) consumed more non-animal sources of protein. Of those who avoided or planned to avoid red meat, half (51%) said that they believe it was healthier if they did so.

    Michelle Teodoro, Global Food Science and Nutrition Analyst, at Mintel said:

    “Traditional agriculture is unable to meet the protein needs of the world. The current levels of demand for meat supplies globally, and the relative growth of meat production on this scale will have a significant, negative impact on the environment. At the same time, more and more consumers are moving away from meat and looking towards alternative sources of protein instead, offering some relief and creating new opportunities in the global consumer marketplace.”

    “Pressure on the natural environment is forcing consumers and companies to rethink what they take and make. Meanwhile, new technologies are redefining how we create and use food and drink. While developments that engineer rather than harvest food and drink staples, such as laboratory-grown meat, have grabbed headlines, the resulting products are still years away from mass commercial availability. This showcases the potential for more innovative, sustainable and alternative protein sources. The world is changing and food scientists have a big role to play in the future of food. Companies and brands should be looking across industries for inspiration and opportunities for collaboration with scientists and food engineers,” Teodoro added.

    Mintel research shows that one in four (24%) urban Indonesians planned to follow a plant-based/vegetarian diet in 2017, while 61% of urban Thais and over half (54%) of urban Australians planned to eat more vegetables/fruits. Furthermore, nutritious or health-related reasons (56%) are the top factor influencing urban Thai consumers when choosing food or drink products to buy.

    “With high animal protein intake associated with health concerns, any reduction in consumption will have positive health outcomes. Today’s consumers are also starting to include more vegetables and fruits in their diets, or adopting plant-based or vegetarian diets, given the numerous health benefits that come along with them. Along with a shift to plant and lab-based proteins, the world’s reliance on factory-farmed animals will also be reduced—contributing to animal welfare globally,” Teodoro continued.

    This is all reflected in Mintel Trend ‘Hungry Planet’ which discusses how consumer purchasing decisions are being influenced by issues surrounding sustainability and ethics, as well as Mintel Trend ‘Bannedwagon’ which details how consumers are focusing on ingredients and production methods, embracing once-niche ways of living and eating.

    Delon Wang, Trends Manager, Asia Pacific, at Mintel concluded:

    “Moving forward, we will see aspects of environmentalism penetrate various lifestyle goals. With the mantra ‘you are what you eat’ top of mind today, consumers are assessing their lifestyle, everyday purchases and surroundings. Additionally, the idea of inclusivity and accepting niche lifestyles of global consumers has popularised, to a certain extent. We are seeing more understanding about unique diets and living habits, creating new guidelines to live as the benefits are exhorted.”

  • No new buyer found yet for Aussie Farmers Direct

    No new buyer found yet for Aussie Farmers Direct

    The administrators of Aussie Farmers Direct have recommended that the company be wound up after failing to find a buyer for the business ahead of a second creditors meeting later this week.

    Owing $86.7 million, Stay in Bed Milk & Bread (traded as Aussie Farmers Direct) is expected to yield only $3.4 million in realisable value, leaving creditors $69.2 million out of pocket, KordaMentha administrators Craig Shepard and Leanne Chesser said.

    Recoverable assets include a database of around 100,000 customers, the sale of which is currently being finalised with interested parties.

    In the months leading up to SIBMB and sister business The General Store (TGS) falling into administration management had attempted to secure a buyer, but despite three parties expressing interest in February they were unable to secure a deal.

    Founders Jordan Muir and William Scott had even considered a public float in mid-2017 to secure additional capital for the loss-making business, which burned through $70 million in private investment over four years.

    The final death knell for the business came after the investors behind AFD’s holding company withdrew financial support in March following unsuccessful attempts to restructure the business into a profitable operation, leaving the company losing around $500,000 per week without a backer.

    In addition to the loss of investment, administrators added that the food, grocery and meal kit delivery business’ strategy was overly focused on sales growth driving unsustainable investment in expensive systems such as IT and logistics infrastructure.

    Administrators also agreed with the view of management that it was ultimately unable to compete with Coles and Woolworths.

    SIBMB had been booking losses for several years prior to its collapse, which worsened from a $10.9 million loss in FY15 to a $21.3 million loss in FY17.

    TGS was initially making a small profit, but by FY17 booked losses of $627,000.

    A second meeting of creditors will be held in Melbourne on Thursday 19 April, at which time the process of formally shutting down the remnants of the business is expected to progress.

  • Restaurant Brands’ profit spikes on further expansion

    Restaurant Brands’ profit spikes on further expansion

    Restaurant Brands has unveiled a 36 per cent increase in its full year profit to NZ$35.5 million on strength in its home market of New Zealand and expansion of its KFC network in Australia.

    Top line sales increased by 49 per cent to NZ$740 million in the 52 weeks to February 26, while combined earnings across the company’s portfolio were up 41.5 per cent to NZ$121.9 million.

    RBD owns a network of KFC stores in Australia and NZ, as well as Pizza Hut and Taco bell stores in Hawaii and Starbucks and Carl’s Jr. stores in NZ.

    KFC Australia, which now operates across 61 stores, booked a 50.9 per cent increase in sales on the acquisition of an additional 18 outlets, while earnings were up 42.1 per cent to NZ$20.2 million.

    Sales in NZ were up 6.3 per cent to NZ$446.8 million, driven by KFC New Zealand, which saw earnings increase by 7.4 per cent to NZ$66 million.

    RBD expects at least a 10 per cent increase in profits next year, revealing that it will look to further expand its KFC business in Australia and New Zealand while also possibly investing in KFC stores in Hawaii and the US.

    The business recently acquired a network of 82 Taco Bell and Pizza Hut stores in Hawaii, which contributed $68.3 million in sales for the year, buoying confidence for a possible expansion of the brands into New Zealand.

    “The full effects of two major acquisitions is evident in this year’s financial results with sales almost doubling over the last two years,” RBD said in an ASX release.

    “From a sound, established position in both the Australian and US (Hawaii) markets the company now has significant scope to expand further in both these geographies through acquisition, store refurbishments and organic growth.”

    Operating cash flows were up NZ$19.9 million for the year while net cash outflows spiked to $173.3 million, reflecting the impact of its Hawaii and Australian acquisitions.

    “The company is not anticipating any significant changes in the economic and competitive environment or unusual costs in the new financial year. With a consistent performance from the existing store network and the full year effect of additional stores acquires in Australia in the second half of the 2018 financial year,” RBD said.

  • Starbucks CEO apologises

    Starbucks CEO apologises

    Starbucks has found itself in the middle of a public relations disaster in the United States after an incident in one of its Philadelphia stores last week that saw two African American men arrested went viral.

    Starbucks chief executive Kevin Johnston has issued a statement unreservedly apologising to the men, who were handcuffed by half a dozen police officers in an outlet last Thursday following a dispute with a store manager.

    The men, who were waiting for a friend, were asked to leave after using the bathroom without making a purchase but refused, at which time the manager called 991, local police said.

    A video of the arrest was shared millions of times on social media over the weekend, sparking calls to boycott the coffee chain and protests outside of its stores.

    In a public statement Johnstone said the incident led to a “reprehensible outcome” and that he would be personally overseeing a review of Starbuck’s training processes.

    “We have immediately begun a thorough investigation of our practices. In addition to our own review, we will work with outside experts and community leaders to understand and adopt best practices,” he said.

    “The video shot by customers is very hard to watch and the actions in it are not representative of our Starbucks mission and values.

    “Regretfully, our practices and training led to a bad outcome—the basis for the call to the Philadelphia police department was wrong,” Johnston continued.

    Johnstone has offered to meet the two men in person to offer a face-to-face apology.

    Philadephia mayor Jim Kenney said the incident exemplified an example of racial discrimination, adding that he has referred the matter to the Philadelphia commission on human relations.

    “I am heartbroken to see Philadelphia in the headlines for an incident that — at least based on what we know at this point — appears to exemplify what racial discrimination looks like in 2018,” he said in a statement.