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.

  • Goobne grows in Hong Kong after China rebuff

    Goobne grows in Hong Kong after China rebuff

    Korean chicken franchise Goobne has opened a seventh outlet in Hong Kong, in a residential area in Tseung Kwan O.

    It is part of the brand’s strategy to focus on profitable markets as its business in Mainland China has been hit by the Beijing/Seoul dispute over the deployment of the THAAD missile system in South Korea.

    “We had two branches in China but now are left with one in Suzhou,” says a company spokesperson. “Our store in China is not very profitable.”

    Another chicken franchise, BBQ, which has more than 150 stores in China, said in May that it was unable to expand as its local partner refused to invest further in Korean firms.

    Goobne, meanwhile, has 11 stores in  Japan and Macau as well as China and Hong Kong. Its monthly sales overseas reached 1.5 billion won (US$1.3 million) on average this year, with its Hong Kong sales accounting for about 1.3 billion won.

    “We are doing well in Hong Kong,” says the spokesperson. “The first store in Tsim Sha Tsui alone showed more than 400 million won in sales monthly last year.”

  • Bucking Bull opens new concept in Watertown Brand Outlet

    Bucking Bull opens new concept in Watertown Brand Outlet

    Fast food franchise,Bucking Bull, has opened a new restaurant in Watertown Brand Outlet in Perth, aimed at moving the roast food retailer into the casual dining scene.

    Bucking Bull, which has 30 stores across Perth, Brisbane, the Gold Coast, Townsville, Melbourne and northern NSW, said the initiative was a ‘coming-of-age’ for the brand in its 18th year of business, with the new restaurant offering a more extensive dine-in menu, and also the first licensed Bucking Bull.

    “This move just makes a lot of sense for Bucking Bull, and not just because the market is evolving,” said Dean Vella, executive director.

    “When you think of tradition, slow cooked food, you naturally think of enjoying this with family or friends in a relaxed, chilled environment,” he said.

    Vella said it is their mission to bring the Bucking Bull dining experience full circle with emphasis on sharing and socialising

    The new 150sqm restaurant seats 80 people and features rustic urban textures, natural lighting and a feature wall by local Perth artist, Daek Williams.

    “We’re really extremely excited with the response so far,” Vella said.

    “The encouraging reaction from customers is really important to us, especially as we look at the prospect of opening similar style casual dining restaurants in dining precincts around the country.”

    Alison Bunn, Watertown Brand Outlet’s centre manager, welcomed the food retailer to Perth’s only brand outlet shopping and food centre.

    Bucking Bull is part of the Aktiv Brands group along with Skewerz Kebabz.

  • Japanese operator plans 50 Myanmar noodle restaurants

    Japanese operator plans 50 Myanmar noodle restaurants

    Japanese noodle restaurant operator Toridoll Holdings plans to open 50 outlets in Myanmar with a local joint venture partner.

    The Myanmar noodle restaurants, in partnership with YKKO, will target the nation’s growing middle class.

    The first has already opened in Yangon, selling bowls of noodles for as little as US48 cents, with serving sizes to suit budgets and appetites. Ingredients are sourced locally and from neighbouring Thailand to minimise overheads.

    Toridoll, based in Kobe, already operates about 900 eateries in Japan and another 380 across 30 offshore markets, including Vietnam, the Philippines, China, Cambodia and Indonesia. Japan’s perpetually shrinking population has prompted the company to look abroad for growth – it has ambitious plans to operate 4000 restaurants abroad in 2025.

    Meanwhile,

    YKKO is an abbreviation of its the name of its first restaurant, Kyay-Oh, which opened in Yankin.

  • Second Crystal Jade Jiang Nan restaurant opens

    Second Crystal Jade Jiang Nan restaurant opens

    Crystal Jade Jiang Nan has a new sister restaurant at Yoho Mall II in Yuen Long, opening on the first anniversary of the Wanchai flagship restaurant in Tai Yau Plaza.

    With two semi-private VIP rooms seating up to 10 guests each, the new venue can accommodate 130 diners and features an open-plan design that is visible to passers-by in the shopping arcade. Features include partition screens at varying angles, with artifacts, timber, glass and low-level vintage lighting.

    As well as Jiang Nan cuisine, the new restaurant offers handpicked wines and teas.

    Jiang Nan cuisine is marked by its delicacy and complex cooking processes. It fuses southern Chinese characteristics of freshness, crispness and tenderness with northern Chinese saltiness, vibrant colours and richness. The region’s cuisine is also famed for small dishes paired with teas.

    From Singapore, Crystal Jade Culinary Concepts Holdings has restaurants in 14 shopping malls in Hong Kong, including the airport. Internationally, the brand has reached 25 cities in 10 countries, including China, Indonesia, Japan, South Korea, Thailand, the Philippines and the US.

  • Sbarro Bangladesh opens eight restaurants in one hit

    Sbarro Bangladesh opens eight restaurants in one hit

    Sbarro Bangladesh franchise partner Khan Bahadur Foods has opened eight restaurants in Dhaka.

    It was the first time the US fast-food chain has opened eight locations simultaneously in one city. Sbarro is the first New York-style pizzeria in Bangladesh. With its franchise partner, the brand has opened several locations in Bangladesh over the past two years. Khan Bahadur MD Mayeen Chowdhury says more stores are planned.

    “Mayeen and his team are excellent ambassadors of Sbarro in Bangladesh, as shown by their proven success over the past few years,” says Sbarro CEO David Karam.

    Since opening as an Italian salumeria in Columbus, Ohio, in 1956, Sbarro now has more than 600 restaurants in 26 countries.

  • Costa Coffee buys out south China partner Yueda

    Costa Coffee buys out south China partner Yueda

    British high-street chain Costa Coffee has taken full ownership of its south China business after buying out partner Yueda.

    Costa previously held 51 per cent of their JV, buying the balance of shares for RMB310 million (US$47 million), giving it total control of 252 stores.

    The deal is part of the group’s plans to expand overseas, says Alison Brittain, chief executive of Costa’s parent company Whitbread.

    “We have enjoyed an excellent partnership with Yueda over the past 10 years, together beginning to build the Costa brand in this key market,” says Brittain. “The coffee shop market in China is highly attractive, with a compelling opportunity for Costa to grow its presence over the longer term.

    “This acquisition gives us full strategic and funding flexibility to unlock Costa’s potential in China.”

    Meanwhile, the company says it remains fully committed to its partnership with BHG in northern China.

  • Isaac Toast lands in Malaysia – at KL airport

    Isaac Toast lands in Malaysia – at KL airport

    South Korean sandwich outlet Isaac Toast opened yesterday at Kuala Lumpur International Airport (KLIA2) Arrival Hall – its debut for Malaysia.

    Starting out as a sandwich stall in Seoul in 1995, Isaac Toast now has 700 retail outlets in South Korea, with a scattering of stores also in Macau and Taiwan.

    It is known for its filling sandwiches that feature different meats and toppings. Its most popular sandwiches include Bulgabi, Bulgogi, Bacon Best and Ham Special, plus some branches offer specialties like Double Cheese Potato and even Shrimp.

  • Charoen Sirivadhanabhakdi eyes Malaysian restaurants

    Charoen Sirivadhanabhakdi eyes Malaysian restaurants

    A Thai group controlled by Charoen Sirivadhanabhakdi may buy a substantial stake in the KFC and Pizza Hut restaurant chains in Malaysia.

    Through his majority controlled Thai Beverage, which brews and markets Chang beer, Charoen is presently taking over the KFC chain in Thailand.

    QSR Brands owns and runs the KFC and Pizza Hut quick-service restaurants in Malaysia. Johor Corporation has a 51 per cent stake in QSR Brands, while the Employees Provident Fund (EPF) and private equity firm CVC Capital Partners own 25 and 24 per cent respectively.

    JCorp took KFC private in 2012 through QSR Brands in a deal listed at RM5.1 billion (US$1.2 billion). The deal was completed in early 2013.

    Apart from ThaiBev, Charoen also owns Fraser and Neave (F&N) in Singapore, a company he took over in January 2013. In Malaysia, Fraser & Neave Holdings works in the F&B sector.

    Charoen’s ThaiBev last month bought 240 KFC restaurants across Thailand for THB11.3 billion (US$340.2 million).

    QSR Brands has more than 775 KFC restaurants in Malaysia, Singapore, Brunei and Cambodia. It also runs Pizza Hut in Malaysia and Singapore, with more than 390 restaurants.

  • Costa Coffee Vietnam makes debut at airport

    Costa Coffee Vietnam makes debut at airport

    Costa Coffee Vietnam has made its debut with an outlet at Da Nang International Airport.

    The outlet has been opened by British multinational coffeehouse company’s global partner, Italian catering company Autogrill.

    Costa Coffee says the store is part of its expansion in Southeast Asia. It opened a store in Jakarta last month, with a second to open in the next few months.

    For Vietnam, the menu includes its range of blended iced drinks and creamy Frostinos, such as the Double Chocolate Cookie Mocha. There are also Costa classics such as salads, toasties and sandwiches, European and Southeast Asian cakes, desserts and healthy treats.

    “Costa is all about great people and great handcrafted coffee,” says Costa Coffee Southeast Asia head Matt Kenley.

    Founded in London in 1971, Costa has more than 2200 coffee shops in the UK and more than 1200 in 29 international markets.

  • Pret A Manger has 39 per cent profit leap

    Pret A Manger has 39 per cent profit leap

    While UK sandwich chain Pret A Manger has not broken out details of its Hong Kong business, it had a 39 per cent jump in global pre-tax profits to a record £75.5 million (US$99.6 million) overall for its latest year.

    Total sales were £776 million as it capitalised on consumer eating trends, including a demand for dairy-free food. It says coconut is its most popular new ingredient, with coconut porridge selling particularly well.

    Research firm Kantar Worldpanel ­reports that flatbread, avocado, halloumi and spinach were among the fastest-selling foods last year.

    Pret A Manger says hot breakfast pots have been popular as well as its refreshed soup range, all gluten- and dairy-free and less than 250 calories.

    Meanwhile, there have been reports the chain is preparing for a partial listing on the New York Stock Exchange. Owner Bridgepoint is believed to want to continue to hold a stake in the company rather than cashing out completely. The European private equity firm bought a majority stake in the business for £500 million in 2008.

    More recently, Filipino fast-food restaurant owner Jollibee expressed an interest in buying Pret A Manger.

    The chain added 31 stores in the UK during the 12 months, including a vegetarian-only shop in London, taking the national total to 329. It has a further 110 branches overseas.

  • Wines and spirits hiccup for LVMH luxury business

    Wines and spirits hiccup for LVMH luxury business

    It has been a bubbly nine months for the LVMH luxury business – with the exception of its wines and spirits division, which was hampered by supply constraints.

    Revenue grew by 14 per cent for the period to reach €30.1 billion (US$35.4 billion).

    With organic revenue growth of 12 per cent, the third quarter continues the trend for the year, says the group. The revenue increase was despite a negative currency impact of 5 per cent and a positive structural impact of 7 per cent, reflecting the integration of Christian Dior Couture.

    All business groups recorded double-digit organic growth, with the exception of wines and spirits where growth was 8 per cent. Champagne volumes were up 4 per cent, with particularly strong demand in Europe and Japan. Hennessy cognac had a volume increase of 9 per cent despite a third-quarter decline related to limited supply.

    LVMH’s selective retailing business group had organic revenue growth of 12 per cent. Online sales grew at a steady pace, and DFS had sustained growth, particularly in Hong Kong and Macau. The T Galleria store in Cambodia has also developed well, says the group.

    Organic growth of 14 per cent was recorded by the fashion and leather goods business group. It attributes this to innovation, such as the launch of Louis Vuitton’s first smartwatch.

    “The qualitative development of the distribution network continues, as illustrated by the opening of the Maison Louis Vuitton Vendome in Paris, which brings together under one roof all the savoir-faire of the maison,” says the group.

    Highlights during the period included Fendi opening stores in the US and Rimowa being consolidated. Donna Karan was sold at the end of last year.

    There was also 14 per organic growth in perfumes and cosmetics. Perfumes benefitted from the launch of the eau de parfum Miss Dior. Guerlain rolled out Mon Guerlain fragrance internationally, and Fenty Beauty by Rihanna had an “exceptional” start.

    Watches and jewellery had 13 per cent organic revenue growth, with Bulgari achieving “a remarkable performance” with the rapid growth of its signature jewellery collections Serpenti, Diva and B.Zero1.

  • Jollibee Foods knocking on door in UK

    Jollibee Foods knocking on door in UK

    Jollibee Foods may open its first store in the UK by next year, says British Ambassador to the Philippines Daniel Pruce.

    This followed him visiting Jollibee’s 1000th branch in a “show of support” for plans by the Philippines’ largest fast-food company to expand to the UK, where tens of thousands of Filipinos are living.

    The Philippine company has already sealed a deal with Singapore’s Blackbird Holdings which will see it enter continental Europe, starting with Italy.

    Jollibee is also reportedly in talks to acquire a stake in British-based sandwich and coffee chain Pret-A-Manger.

  • Domino’s pays back employees, launches new tech initiatives

    Domino’s pays back employees, launches new tech initiatives

    Domino’s Pizza says it has returned $5.4 million in underpaid wages and superannuation to its employees over the past four years under a national audit of its stores that is due to wrap up in December.

    Chief executive Don Meij, speaking after a Domino’s investor day update, said only one of the pizza chain’s stores had been referred for further examination after evidence of wage underpayments discovered during a Deloitte-led audit.

    “The fact that we found only one person out of the last 322 stores audited is very encouraging to us, its certainly looking very good at the moment compared to where we were in the first three years,” Meij said.

    Domino’s has been auditing its stores for three years and in March extended the probe across its national network after the Fair Work Ombudsman joined investigations following media reports of underpayments to staff.

    Meij said that since 2014, a total of $5.4 million worth of unpaid wages and superannuation had been recovered and paid to Domino’s franchisee staff,.

    Domino’s had originally planned to complete the audit by June but Meij said he expects to finalise the program across Australia’s 666 stores by the end of December.

    “The media was talking as if this was all Domino’s – that’s very unfair – the fact that only a single store has been referred for further audit illustrates that its not the majority, it’s the minority of the franchisees,” Meij said.

    As part of Monday’s investor update, Meij highlighted improvements to the company’s “360 degree” performance measurement software used for Domino’s franchisees, along with a suite of new technology initiatives including an expansion of its New Zealand drone delivery trials.

    Meij said a new iteration of Domino’s Operations 360 monitors, improves and benchmarks individual franchisee performance – offering head office and a franchise owner a rounded view of the business.

    “This is not an auditing program, its a self-assessment tool which allows franchisees to view their business as part of their peer group and on top of that we also get to look at the business and encourage people to chase better performances,” Meij said.

    Domino’s will also roll out its GPS-based Anywhere delivery service, which enables deliveries to locations such as parks and beaches without specific addresses.

    Heated lockers that keep food hot at a store until picked up by a customer, who can unlock the device using their smartphone, were also unveiled to be in use in Australia by Christmas.

    Domino’s faced some of its own heated customer blowback last week when social media fumed over Domino’s six-and-a-half year exclusive distribution deal with Schweppes – ensuring Coca-Cola remains out of the Domino’s picture until 2024.

    Meij said sales of Schweppes drinks were now higher than sales of Coca-Cola brands had been.

    Domino’s shares closed 11 cents lower at $45.50 on Monday.

    Meij said the enhancements across the business would use new and existing technologies to enhance customer service, improve productivity and enhance franchisee standards.

    “At Domino’s we use technology to solve problems and to make things easier for our customers, our franchisees and for our business,” he said.

    “Technology and data is of value only if you use it to improve, and that is something we have done from our first use of online ordering, through to using GPS Driver Tracker to reduce our delivery times – this is no different,” he added.

  • ThaiBev acquires restaurant chain

    ThaiBev acquires restaurant chain

    Thai Beverage Public Co (ThaiBev) has bought a 76 per cent stake in Thailand restaurant chain Spice of Asia for THB114.5 million (US$3.4 million).
    Funding for the acquisition will come from internal resources, says the F&B giant.

    Spice of Asia has 10 restaurants under four brands – Cafe Chilli, Chilli Thai Restaurant, Eat Pot and Pot Ministry, serving Thai food and hotpot concepts. The acquired stake will be held by ThaiBev subsidiary Food of Asia.

  • Cool Japan Fund to raise cuisine awareness abroad

    Cool Japan Fund to raise cuisine awareness abroad

    State-affiliated Cool Japan Fund says it will launch comprehensive Japanese food outlets overseas featuring restaurants, shops and cultural experiences.

    Its first such outlet will be in London early next year through a JV, Ichiba UK, with Japan Centre Group, a Japanese-run company based in the British capital. Cool Japan Fund will invest up to £3 million (US$3.9 million) for the establishment of the outlet.

    It will be called Ichiba, modelled after Italian food marketplace Eataly, and will include a food zone offering Japanese cuisines, a retail zone for groceries and other products from all over Japan, and Japanese cooking demonstrations.

    Japan Centre Group, established in 1976, runs two Japanese grocery stores and 11 restaurants.

    Similar outlets are planned for other major European cities, including Milan and Paris, says Cool Japan Fund.

    Japan’s government hopes to boost agricultural exports by releasing information about Japanese food culture abroad and supporting moves to sell Japanese specialties in overseas markets.