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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.

  • Suntory’s Minus 196 Unveils Zesty Lemon & Passionfruit Blend: A First in Australian Market

    Suntory’s Minus 196 Unveils Zesty Lemon & Passionfruit Blend: A First in Australian Market

    Global spirits manufacturer, Suntory, has introduced a new flavour to its product range – Minus 196 Lemon & Passionfruit. This debut marks a first for the brand in the local market, as it is the first time they have combined two fruit flavours in a single product.

    This latest addition comes on the heels of an extended phase of significant branding activities. Suntory has been a key sponsor for events such as the Laneway Music Festival and has established ‘Konbini’ pop-up bars across Sydney, Melbourne, and the Gold Coast.

    The Lemon & Passionfruit variant joins an already diverse Australian product lineup, which includes flavours such as Double Lemon, Double Peach, and Double Grape.

    Consumers can now purchase this new product in both four-pack and 10-pack formats from leading liquor retailers across the country.

    The team at Suntory is excited about this launch, with Johnny Morgan noting the distinctiveness of the Minus 196 range, owing to the innovative Japanese craftsmanship behind it. “With the introduction of our first combination flavour – Lemon & Passionfruit – we aim to redefine how true fruit-forward refreshments should taste,” he said.

    This launch follows Suntory Minus 196’s introduction of its lemon vodka in Australia last year.

    Questions & Answers

    What is the new flavour that Suntory has introduced?
    Suntory has introduced a new flavour to its product range – Minus 196 Lemon & Passionfruit.

    What’s unique about the new Minus 196 Lemon & Passionfruit flavour?
    The uniqueness of this product is that it is the first time Suntory has combined two fruit flavours in a single product.

    What are the other flavours in the Australian product lineup of Suntory?
    The existing Australian product lineup includes flavours such as Double Lemon, Double Peach, and Double Grape.

  • Final Countdown for Fonterra’s Multi-Billion Dollar Mainland Sale to Lactalis: Unconditional Deal Set for Imminent Closure

    Final Countdown for Fonterra’s Multi-Billion Dollar Mainland Sale to Lactalis: Unconditional Deal Set for Imminent Closure

    Fonterra, the New Zealand-based co-operative, has announced that it is on the cusp of finalising the sale of its Mainland consumer business. As of now, the deal has met all the necessary conditions and is set to conclude within the current month.

    Regulatory Approvals Secured

    Fonterra has assured that all mandatory regulatory approvals have been obtained, paving the way for the successful separation of the business. The company initially disclosed plans to sell its global consumer and associated businesses, collectively known as the Mainland Group, to French dairy giant Lactalis in August of last year.

    The Mainland Group encompasses a range of popular brands, including Mainland, Anchor, Perfect Italiano, and Anmum.

    Price Adjustment

    Originally, the deal was valued at NZ$3.845 billion, but an agreement with the Bega Group to incorporate the Bega licences into the divestment process led to an increase in the price to $4.22 billion.

    The proposal met with approval from Fonterra’s farmer shareholders, who voted in favor of the transaction last October.

    Transaction Conclusion

    “With all terms of the sale fulfilled, Fonterra and Lactalis are set to finalise the transaction,” stated Fonterra. It anticipates the completion of the transaction by the end of the current month, with the record date for the capital return expected on April 9 and the payment date slated for April 14.

    Questions & Answers

    What is the Mainland Group?
    The Mainland Group refers to Fonterra’s global consumer and associated businesses. It includes brands such as Mainland, Anchor, Perfect Italiano, and Anmum.

    What led to the increase in the deal price from NZ$3.845 billion to $4.22 billion?
    The price of the deal was increased following an agreement with the Bega Group to include the Bega licences in the divestment, leading to a rise in the overall value of the transaction.

    When is the transaction expected to be finalised?
    Fonterra anticipates the completion of the transaction by the end of the current month. The record date for the capital return is expected to be April 9, followed by the payment date on April 14.

  • Chagee Brews Up Asia-Pacific Expansion: Chinese Milk Tea Giant to Debut in Seoul

    Chagee Brews Up Asia-Pacific Expansion: Chinese Milk Tea Giant to Debut in Seoul

    The popular Chinese milk tea franchise, Chagee, will be making its first appearance in South Korea during this quarter. Three branches of the chain will be opened concurrently in the districts of Gangnam, Yongsan, and Sinchon in Seoul. This move is part of Chagee’s overarching strategy to increase its presence in the Asia-Pacific market.

    Chagee has reported a surge in interest from South Korean consumers ahead of the opening. The company is confident that it will introduce a unique, premium tea experience that is fresh and exciting.

    The Gangnam location will serve as the flagship store for Chagee. The store’s exterior is planned to feature arched greenery against a semi-transparent glass façade. In the center of this design, there will be an oversized, signature cup. Chagee’s design aims to create an illusion of walking into an urban forest, embodying its ‘Modern Tea House’ concept.

    The Yongsan and Sinchon branches will also leave their mark with graphic displays that are customized to their specific locations.

    As a way to engage customers before the official opening, Chagee is launching a QR code-based campaign. Customers who visit the store, scan the QR code displayed on the exterior, and successfully complete a short quiz will be rewarded with a 50% discount coupon.

    Questions & Answers

    What is the overall expansion strategy of Chagee?
    Chagee is looking to increase its presence in the Asia-Pacific market, starting with the opening of three stores in Seoul, South Korea.

    What unique feature will the Gangnam store have?
    The Gangnam store, serving as the flagship location, will have an exterior design featuring arch-shaped greenery against a semi-transparent glass façade, with a giant signature cup in the center. This design is meant to represent the company’s ‘Modern Tea House’ concept.

    How is Chagee engaging customers ahead of its store openings in South Korea?
    Chagee is encouraging customer engagement through a QR code-based campaign. Visitors who scan the QR code on the store’s exterior display and complete a short quiz will receive a 50% discount coupon.

  • Beloved Cafe Chain The Providore Closes All Singapore Locations Amidst Liquidation

    Beloved Cafe Chain The Providore Closes All Singapore Locations Amidst Liquidation

    Renowned for its café, deli, and grocery services, The Providore has officially discontinued all its operations in Singapore amidst ongoing liquidation.

    The Providore commenced its business journey in Singapore in the year 2013. Over the years, it has progressively expanded its reach to cover six different locations across the city-state. However, as of yesterday, all these locations have ceased their services, marking an end to the company’s operations.

    The company expressed their gratitude to their customers via a statement on social media, which reads, “We sincerely thank our valued customers for their unwavering support and generosity throughout our journey. All The Providore outlets in Singapore will cease operations from March 9.”

    In a reflective tone, the company also added, “While it’s time for us to part ways, the flavors and memories we created together will endure. We remain hopeful of crossing paths with you again in a different avatar in the future.”

    Next Steps and Past Ownership

    In an attempt to guide its customers during this transition, notices have been placed in some stores directing all inquiries to ClearView Associates, a Singapore-based liquidation firm.

    The Providore had been previously acquired by SingFire Capital and Vino Vibe in April 2025. However, subsequent to the acquisition, Vino Vibe became the sole controller of the company. It was also during this transaction that Robert Collick, the founder of The Providore, relinquished his control of the business.

    Questions & Answers

    Why has The Providore ceased all operations in Singapore?
    The Providore has discontinued its services in Singapore due to ongoing liquidation.

    When did The Providore start its business operations in Singapore?
    The Providore began its journey in Singapore in the year 2013.

    Who were the investors in The Providore?
    The Providore was sold to SingFire Capital and Vino Vibe in April 2025, after which Vino Vibe assumed sole control of the enterprise.

  • Vietnam’s Rice Exports Surge 5% in Early 2026: Philippines, China Lead Demand

    Vietnam’s Rice Exports Surge 5% in Early 2026: Philippines, China Lead Demand

    In the first two months of 2026, Vietnam saw a 5% increase in rice exports from the previous year, amounting to about 1.3 million tonnes. Despite the increase in quantity, the total value of these shipments experienced a year-on-year decrease of 11.2%, bringing the total value to $599.3 million. This data was reported by the Ministry of Agriculture and Environment.

    Average Export Price

    The average export price for the period was measured at an estimated $464.1 per tonne, which represents a 15.4% decrease from the previous year.

    Major Markets

    The primary market for Vietnam’s rice exports was the Philippines, which accounted for almost half of the total exports (47.6%). China and Ghana were the subsequent importers, contributing 18.3% and 8.9% respectively to the total rice exports.

    In the first two months, exports to the Philippines grew by 17.6% and shipments to China witnessed a surge of 5.8 times. However, exports to Ghana declined by 31%.

    Export Growth and Decline

    Out of the 15 largest export markets, the most substantial export growth was recorded in China, where shipments increased by 5.8 times. On the other hand, exports to Côte d’Ivoire experienced the most significant drop, with a decrease of 90.9%.

    Current Rice Prices and Trading Activity

    Vietnam’s 5% broken rice is reportedly priced at up to $365 per tonne, which is consistent with the price last week. Trading activity has seen a slowdown as buyers anticipate a further decline in prices. Concurrently, domestic supply has been increasing due to the peak harvest of the winter-spring crop.

    Southern Ports and Global Factors

    Preliminary data indicates that southern ports managed over 382,000 tonnes of rice in February, with the majority being shipped to the Philippines and African markets.

    Although the conflict in the Middle East has not directly impacted Vietnam’s rice shipments to Africa, traders have reported a surge in freight costs due to elevated insurance premiums and fuel prices.

    Questions & Answers

    What was the percentage increase in Vietnam’s rice exports in the first two months of 2026?
    There was a 5% increase in rice exports from Vietnam in the first two months of 2026.

    Which country remained the top market for Vietnam’s rice exports?
    The Philippines remained the top market for Vietnam’s rice exports, accounting for 47.6% of total exports.

    How has the conflict in the Middle East affected Vietnam’s rice exports?
    While the conflict in the Middle East has not directly influenced Vietnam’s rice shipments to Africa, it has led to a surge in freight costs because of higher insurance premiums and fuel prices.

  • 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.