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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.

  • Zus Coffee’s Ambitious Expansion: 200 New Outlets Across Southeast Asia

    Zus Coffee’s Ambitious Expansion: 200 New Outlets Across Southeast Asia

    Zus Coffee, the well-established Malaysian chain, has announced its expansion into Thailand with the opening of two new outposts in Bangkok. This move marks a key stage in the brand’s previously stated intentions for regional growth.

    Expansion into Bangkok

    The two stores, located at Varnish Place Ari, a renowned lifestyle hub, and Baan Kampu Asoke on Sukhumvit 21 Road, were established in partnership with RSC, a prominent leasing firm.

    These Bangkok locations are just a fraction of Zus Coffee’s ambitious strategy to establish 200 new outlets throughout Southeast Asia within the year. As part of this growth plan, the company is aiming to unveil at least 107 new stores in its home country of Malaysia, approximately 80 in the Philippines, and six in Singapore. Additional expansion in Thailand, Brunei, and Indonesia is also on the horizon.

    About Zus Coffee

    Zus Coffee was founded in 2019 with a specific focus on offering budget-friendly specialty coffee. Since its inception, the company has experienced remarkable growth, mushrooming from 290 outlets in 2023 to over 700 locations in Malaysia.

    The company embarked on its international expansion in 2023, with the Philippines being the first overseas market where it launched operations.

    Questions & Answers

    When was Zus Coffee founded?
    Zus Coffee was established in 2019, specializing in affordable specialty coffee.

    What is Zus Coffee’s expansion plan for the year?
    Zus Coffee aims to open 200 new outlets across Southeast Asia this year. The plan includes launching at least 107 new stores in Malaysia, around 80 in the Philippines, and six in Singapore, with further expansion planned in Thailand, Brunei, and Indonesia.

    Where has Zus Coffee recently expanded to?
    Zus Coffee has recently expanded into Thailand, opening two new outlets in Bangkok.

  • Coca-cola Unveils Ai-powered Vending Machine For Enhanced, Personalized Consumer Experience

    Coca-cola Unveils Ai-powered Vending Machine For Enhanced, Personalized Consumer Experience

    Coca-Cola has debuted its most recent innovation in the form of a Coke&Go cooler vending machine. This cutting-edge machine is powered by artificial intelligence (AI) and computer vision, creating an upgraded, efficient, and personalized vending experience for consumers.

    Enhanced Consumer Experience

    The Coke&Go cooler vending machine allows consumers to gain access via their smartphones. This can be done by either scanning a QR code or by inputting credit card information, providing a seamless and technologically advanced method of interaction. What sets this vending machine apart is its ability to identify products using a product recognition technology. This means that customers can confirm and complete their purchases through the payment options that they have linked with the system.

    Terry Burbidge, GM of vending at Coca-Cola Europacific Partners New Zealand, underlined that this move aims to align their products more closely with the modern lifestyle of their consumers. He stated, “It’s about making refreshment more intuitive, more accessible, and more aligned with how Kiwis live today.”

    Smart Inventory Tracking

    The latest version of this vending machine also comes equipped with smart inventory tracking. This feature ensures that the cooler vending machines are restocked with the correct beverages at the right time. In doing so, not only does it enhance efficiency, but it also significantly reduces the likelihood of items being out of stock.

    The soft drink behemoth has plans to expand the presence of this innovative vending machine following a successful trial at the Sydney Airport during the previous year. Over the course of the next two years, hundreds of these advanced cooler vending machines will be installed across Australia and New Zealand.

    Questions & Answers

    What is the Coke&Go cooler vending machine?
    The Coke&Go cooler vending machine is a new type of vending machine by Coca-Cola that uses artificial intelligence and computer vision to provide an efficient and personalized experience.

    How do consumers interact with the Coke&Go cooler vending machine?
    Consumers can interact with the machine using their smartphones, either by scanning a QR code or entering their credit card information.

    What are the benefits of the vending machine’s smart inventory tracking feature?
    The smart inventory tracking ensures that the vending machines are consistently stocked with the right beverages, which improves efficiency and reduces the chance of items being out of stock.

  • Skittles Introduces ‘swicy’ Gummies Fuego To The Us Market: A Sweet And Spicy Revolution

    Skittles Introduces ‘swicy’ Gummies Fuego To The Us Market: A Sweet And Spicy Revolution

    Skittles, a popular brand operated by Mars Wrigley, has recently introduced a novel gummy flavor to the US market. The new offering, called Gummies Fuego, presents a unique blend of sweet and spicy flavors that is sure to intrigue the palates of consumers.

    Innovation in Line with Tradition

    The new spicy gummy variant adds to the innovative line of products the brand has been developing, including Skittles Pop’d, Littles, and Gummies. These creations aim to cater to the preferences of fans who appreciate a fusion of sweet and spicy, or ‘swicy’, tastes.

    Ro Cheng, the Vice President of Marketing at Mars Wrigley North America, commented, “With Skittles Gummies Fuego, we’re enhancing a sweet, original fan favourite by introducing a daring flavor experience that we believe our ‘swicy’ fans will appreciate.”

    A Unique Flavor Experience

    The Skittles Gummies Fuego offers a flavorful combination of five fruity tastes: mango, watermelon, strawberry, raspberry, and lemon. Adding an interesting twist, these gummies come coated with a zesty chili layer that delivers a tangy punch.

    Availability and Distribution

    The Fuego gummies are currently available in packs of 5.8 ounces, or 164 grams. At present, these can be procured exclusively from the TikTok shop. However, the company plans to expand its distribution network across the US in the coming year.

    Last year, Skittles ventured to offer consumers a different texture experience with the launch of Squishy Cloudz.

    Questions & Answers

    What is the new flavor introduced by Skittles?
    Skittles has introduced a new flavor called Gummies Fuego, which offers a blend of sweet and spicy tastes.

    What are the fruit flavors incorporated in Gummies Fuego?
    Gummies Fuego incorporates a mix of five fruit flavors: mango, watermelon, strawberry, raspberry, and lemon.

    Where can consumers currently purchase Gummies Fuego?
    At present, Gummies Fuego can be purchased exclusively from the TikTok shop. However, broader distribution across the US is planned for the next year.

  • Black Swan Rides Ranch Trend With New Dip Launch In Australian Market

    Black Swan Rides Ranch Trend With New Dip Launch In Australian Market

    Black Swan, an Australian brand, has recently launched two new ranch-style dips. This move is in response to the increasing popularity of ranch flavours in both domestic and international markets.

    New Range of Dips

    The latest additions to Black Swan’s product lineup are a Creamy Ranch Dip and a Buffalo Ranch Dip. The Creamy Ranch Dip is a delightful blend of yoghurt, garlic, and various herbs. The Buffalo Ranch Dip, on the other hand, is a hot and spicy concoction, which combines hot sauce with a traditional ranch base. This product is a result of a collaboration with Frank’s RedHot.

    Australian Made and Widely Available

    The entire range of Black Swan’s products, including these new dips, are proudly Australian made. They can be purchased across the country at Coles supermarkets and select independent retailers. The dips are priced reasonably at $4.50, making them an accessible option for consumers nationwide.

    Riding the Ranch Wave

    The decision to launch these new products aligns with the increasing consumer interest in ranch-style condiments. This growing trend is driven in large part by social media. The hashtag #ranch, for instance, has been used over 590,000 times on the popular platform, TikTok, indicating the flavour’s surging popularity among younger demographics.

    These dips are versatile and can be used in a variety of ways. They serve as excellent accompaniments for sandwiches, wings, fries, and wraps, providing a burst of flavour to these popular dishes.

    Questions & Answers

    What are the new products introduced by Black Swan?
    Black Swan has introduced two new ranch-style dips: a Creamy Ranch Dip and a Buffalo Ranch Dip.

    Where can these new dips be purchased?
    These new dips are available nationwide at Coles supermarkets and selected independent retailers.

    Why have these new ranch-style dips been launched?
    The launch is in response to the increasing consumer interest in ranch-style condiments, a trend largely driven by social media.

  • Chapanda Prepares To Launch First U.s. Store In NYC, Aiming To Reach Larger Demographic

    Chapanda Prepares To Launch First U.s. Store In NYC, Aiming To Reach Larger Demographic

    Chinese tea retail chain Cha Bai Dao, widely known as ChaPanda, is preparing to launch its inaugural US-based store in Flushing, a neighborhood in Queens, New York City.

    Main Street Debut

    The new store is slated to open on Main Street, an area identified by the company as the bustling commercial heart of Flushing and a locale with one of America’s largest Chinese populations.

    Wang Huan, the Overseas CEO of ChaPanda, explained that the expansion intends to introduce the brand to a much larger demographic. “ChaPanda is committed to providing an unrivaled selection of products and a superior service experience for American consumers. Through our standardized operating systems and extensive global supply chain network, we ensure that our products and services remain consistent across all our international stores,” Huan elaborated.

    Spreading its Wings

    This development comes in the wake of numerous global inaugurations throughout the current year. In May, ChaPanda opened its premier European store in Paris, and just last month, it made its debut in Singapore with two new outlets.

    Notable market analysts from Galaxy Securities and Huaxin Securities have pointed out the effectiveness of ChaPanda’s unique “one location, one strategy” model in yielding positive outcomes in foreign markets. They anticipate that, with the acceleration of its international expansion, the firm is well-positioned to capitalize on a dual growth strategy encompassing both domestic and international markets.

    Questions & Answers

    What is ChaPanda’s expansion strategy?
    ChaPanda’s expansion strategy involves a unique “one location, one strategy” model, which allows the company to customize its approach for each specific market it enters.

    Where is ChaPanda’s first US store going to be located?
    ChaPanda’s inaugural US store will be located on Main Street in Flushing, Queens, New York City, an area known for being a bustling commercial hub and having one of the largest Chinese populations in America.

    What does Wang Huan, Overseas CEO of ChaPanda, say about the company’s approach to maintaining quality and consistency?
    Wang Huan stated that through standardized operating systems and a comprehensive global supply chain network, ChaPanda ensures the consistency of its products and services across all its global stores.

  • Aussie yogurt brand Yo-Chi kicks off global expansion in Singapore

    Aussie yogurt brand Yo-Chi kicks off global expansion in Singapore

    Melbourne-based frozen yogurt and acai chain Yo-Chi has established its first international outpost, a 60-seat shop located in Singapore’s Orchard Central. This move represents Yo-Chi’s first venture outside of Australia, where it boasts over 30 locations.

    Yo-Chi was established in Melbourne in 2012 and has steadily grown on the strength of its customizable model. This model allows customers to create their own concoctions of frozen yogurt or acai bowls, adorned with a variety of toppings.

    Customization and Quality Ingredients

    The newly-opened Singapore branch has retained the pay-by-weight, self-serve method adopted by its Australian counterparts. This enables consumers to craft their unique bowls or cones using a selection of frozen yogurt or acai and a multitude of toppings.

    Another distinctive feature of Yo-Chi is its commitment to using authentic Australian cow milk instead of powdered substitutes in its yogurt production. The result is a 98% fat-free yogurt infused with beneficial probiotics.

    A Wide Range of Toppings and Flavors

    Patrons of Yo-Chi are spoilt for choice with approximately 35 toppings to choose from, including fruits, jellies, mochi, chocolates, and sauces. The Singapore branch offers local specialties such as coconut jelly and nata de coco. Seasonal rotations ensure that the topping offerings remain fresh and exciting.

    The Singapore outlet also delivers nine yogurt flavors to customers. These include the signature tart, salted butterscotch, cookies and cream, mango, matcha, strawberry cream, classic vanilla, chocolate, and coconut.

    Future Expansion Plans

    According to Yo-Chi’s brand director, Oliver Allis, the company views Singapore as a strategic launch pad for its Asian expansion. He expressed his belief that succeeding in Singapore would establish a solid foundation for further growth in other Asian countries, including Thailand, China, and Japan.

    Customers can enjoy Yo-Chi’s offering at a starting price of SGD$3.50 per 100 grams.

    Questions & Answers

    What is Yo-Chi’s business model?
    Yo-Chi operates on a pay-by-weight, self-serve model which allows customers to create personalized bowls or cones of frozen yogurt or acai, topped with a variety of ingredients.

    What differentiates Yo-Chi’s yogurt from others?
    Yo-Chi emphasizes the use of real Australian cow milk instead of powder in its yogurt production, resulting in a product that is 98% fat-free and contains probiotics.

    What are Yo-Chi’s expansion plans?
    Yo-Chi has identified Singapore as a strategic starting point for its expansion into Asia. Successful operation in Singapore will pave the way for growth into other Asian markets such as Thailand, China, and Japan.

  • Bacha Coffee launches first store in Macau

    Bacha Coffee launches first store in Macau

    Bacha Coffee, a premium coffee brand from Morocco, has recently opened a new store in Macau. This follows closely on the heels of their notable full-concept flagship store’s launch in Harbour City, Hong Kong.

    Store Location and Management

    The Macau boutique, positioned on the first level of the Shoppes at Venetian, is under the management of the Hong Kong-based Blue Chip Group. The store, with an impressive area of around 250 square feet, stocks a rich selection of 100% Arabica coffees. These coffees are sourced from over 30 countries globally, emphasizing the brand’s worldwide reach.

    Product Offering

    The boutique carries a diverse range of product offerings to cater to both local customers and international tourists. Apart from Single Origin coffees, the store also includes a selection of Fine Flavoured, Fine Blended, and Naturally CO2 Decaffeinated coffees.

    Noteworthy offerings include single-serve coffee bags and signature blends from famed coffee-growing regions such as Yemen and Jamaica. The store also offers branded merchandise, which includes items like mugs, sugar bowls, and specially curated gift hampers.

    About Bacha Coffee

    Established in 1910 in Marrakech, Morocco, Bacha Coffee presents a range of unique concepts, from Coffee Rooms and Boutiques to Travel Retail and Takeaway formats. The brand, currently serving customers in over 60 countries, has extended its reach across continents, making a mark in Asia, the Middle East, and Europe.

    Questions & Answers

    What is the concept behind Bacha Coffee’s new store in Macau?
    The new Bacha Coffee store in Macau offers a wide range of 100% Arabica coffees sourced from over 30 countries, along with brewing accessories and packaged goods.

    What unique offerings does the Bacha Coffee store in Macau have?
    The Macau store includes unique offerings such as Fine Flavoured, Fine Blended, and Naturally CO2 Decaffeinated coffees. It also offers single-serve coffee bags and signature blends from renowned coffee-growing regions like Yemen and Jamaica.

    Where else is Bacha Coffee present?
    Bacha Coffee has a global presence, serving customers in more than 60 countries across Asia, the Middle East, and Europe. The brand has recently opened a full-concept flagship store in Harbour City, Hong Kong.

  • Coopers Brewery Taps Into ‘nolo’ Trend With Full-flavoured Non-alcoholic Beer Launch

    Coopers Brewery Taps Into ‘nolo’ Trend With Full-flavoured Non-alcoholic Beer Launch

    Coopers Brewery, a family-owned Australian enterprise, has expanded its product offerings to include a non-alcohol beer. The move is in response to increasing consumer demand for beverages commonly referred to as ‘Nolo’, shorthand for ‘no or low alcohol’ beers.

    With an alcohol by volume (ABV) content of less than 0.5 percent, Coopers Zero delivers the robust flavor of a full-strength beer. This new product aligns with the results of the company’s research on evolving lifestyle trends. It was found that young Australians are twice as likely to opt for Nolo beverages.

    A Full-Flavoured Non-Alcoholic Brew

    According to Michael Shearer, Managing Director of Coopers, the new product was specifically developed for those aiming to reduce their alcohol consumption or diversify their drinking habits. “We aimed to create an exceptional, full-flavoured beer to accommodate Australians looking to moderate their alcohol intake or vary their drinking preferences,” he stated.

    Coopers’ healthier alternative is brewed from pale and crystal malts, as well as malted wheat. Each 375ml can contains 49 calories. The beer, characterized by its subtle aroma and moderate bitterness, will be available across Australia starting this month.

    Only last month, the brewery launched a fresh edition of its Vintage Ale.

    Questions & Answers

    What is the alcohol content of Coopers Zero?
    Coopers Zero has an alcohol by volume (ABV) content of less than 0.5 percent.

    What is the calorie content of Coopers Zero?
    Each 375ml can of Coopers Zero contains 49 calories.

    What are the primary ingredients used in the brewing process of Coopers Zero?
    Coopers Zero is brewed from pale and crystal malts, as well as malted wheat.

  • The A2 Milk Company Reports Robust Financial Growth Amid Challenges; Declares First Dividends

    The A2 Milk Company Reports Robust Financial Growth Amid Challenges; Declares First Dividends

    The A2 Milk Company has reported a significant increase in its revenue for the current financial year. The group’s revenue rose by 13.5 per cent, reaching $1.9 billion, a notable increase from last year’s $1.67 billion.

    Financial Growth and Profit

    This upward trend can also be seen in the company’s EBITDA, which increased by 17.1 per cent to $274.3 million. Furthermore, the company’s net profit after tax saw an impressive boost of 21.1 per cent, reaching $202.9 million.

    In China, a key market for the company, revenue grew by 18.9 per cent, totalling $1.3 billion. The company’s EBITDA also saw substantial growth, increasing by 14.6 per cent to $332.4 million. This growth has solidified the company’s position as a top-four brand in China’s infant formula market.

    Segment Performance

    The A2 Milk Company’s infant formula business reported a 10 per cent growth overall, largely propelled by its English label business that saw an increase of 17 per cent.

    However, the company’s Australia and New Zealand (ANZ) segment experienced a slight dip, with revenue declining by 0.4 per cent to $316 million. The ANZ segment’s EBITDA also fell, decreasing by 8.7 per cent to $57.5 million.

    In contrast to the ANZ segment, the company saw significant growth in the US, with revenue increasing by 22.5 per cent to $139.3 million. Despite this, the company did report losses in its EBITDA, though these were reduced to $9.3 million, down from the previous financial year’s $15.5 million.

    Company Milestones and Acquisitions

    “I’m proud of what our team has achieved this year, reporting record sales of $1.9 billion and double-digit earnings growth in our 25th year since The A2 Milk Company was formed,” said CEO David Bortolussi.

    The company has achieved a significant milestone this year, declaring its first-ever dividends with a 71 per cent payout ratio. This marks a significant moment for the company’s shareholders.

    In addition, the company has acquired Yashili New Zealand’s fully integrated nutritional manufacturing facility located in Pokeno, New Zealand. The facility comes with two existing China Label product registrations. Bortolussi described the acquisition as a pivotal moment for the company and a crucial part of their supply chain transformation strategy.

    Future Outlook

    Looking ahead, the company expects single-digit revenue growth in the next financial year. The company also anticipates an EBIDTA margin between 15 and 16 per cent and a similar net profit after tax as the current financial year.

    Questions & Answers

    What was the percentage increase in the company’s group revenue?
    The A2 Milk Company’s group revenue increased by 13.5 per cent.

    What was the growth rate of the company’s infant formula business?
    The company’s infant formula business saw a growth rate of 10 per cent.

    What does the company expect for the next financial year?
    In the next financial year, the company anticipates single-digit revenue growth, an EBITDA margin between 15 and 16 per cent, and a similar net profit after tax as the current financial year.

  • Vietnam Rice Prices Plummet as Philippines Suspends Imports: What’s Next for the Market?

    Vietnam Rice Prices Plummet as Philippines Suspends Imports: What’s Next for the Market?

    In Vietnam’s Mekong Delta, often dubbed the nation’s “rice bowl,” traders are becoming increasingly cautious in their purchasing decisions. This hesitation stems mainly from uncertainties regarding rice exports to the Philippines, a key market. “I am only buying cautiously to sell domestically, as export shipments are on hold, awaiting new signals from buyers,” said Huyen, a seasoned trader from An Giang Province.

    Prioritizing Existing Contracts Amid Export Challenges

    Meanwhile, in Dong Thap Province, rice mills are working diligently to fulfill existing contracts with the Philippines, focusing on old agreements as new orders have noticeably dwindled. Recent market shifts have seen prices for popular varieties like Dai Thom 8 and OM18 rice decrease by 4%, landing at VND11,000 (US$0.42) per kilogram.

    An anonymous rice export company in Dong Thap voiced concerns over the impact of the Philippines’ two-month import suspension, a significant disruption for a market that represents almost 45% of Vietnam’s rice export revenue. “The business plans have been thrown into disarray,” the company representative lamented.

    Seasonal Struggles and Rising Costs

    The timing couldn’t be worse, coinciding with peak harvest season. The slowdown in contracts has caused inventory levels to swell while storage expenses have surged. Nguyen Chi Thanh, the rice division director of agriculture exporter Angimex, remarked that prices for the summer-autumn and autumn-winter seasons are likely to decline drastically, making the struggle to find new markets even more daunting. “Other importing countries might seize this opportunity to negotiate lower prices,” he warned.

    Additionally, exporters have faced long-standing challenges in obtaining phytosanitary certificates required by the Philippines, a lengthy process that has complicated the establishment of long-term contracts since 2019. While online licensing began on July 7 of this year, the extensive paperwork and rising costs continue to put pressure on profit margins.

    Impact on Farmers and Future Strategies

    The ripple effects of the Philippines’ import suspension are widespread. According to Do Ha Nam, chairman of the Vietnam Food Association, halted contracts have led to mounting inventories and intensified downward pressure on domestic rice prices. The Ministry of Industry and Trade highlighted that these developments have depressed export prices and narrowed profit margins, severely impacting farmers’ incomes. It urged businesses to maintain reserves and avoid panic selling while fostering collaboration among agencies to explore new markets, particularly in the Middle East, Africa, and Northeast Asia.

    The Philippines justified its decision by aiming to protect its domestic market amid plummeting local rice prices. In response, the Vietnam Food Association has called on the trade ministry to engage in dialogue with the Philippines to clarify which rice types are affected and to resolve procedural hurdles to sustain trade, minimize losses, and safeguard farmers’ interests.

    Seeking Support and New Opportunities

    Both nations are implementing a memorandum on rice trade cooperation that was signed on January 30 last year and remains valid until the end of 2028. The Vietnamese rice sector now seeks assistance from various ministries to ensure seamless production and exports amidst market volatility. The trade ministry has appealed to Prime Minister Pham Minh Chinh to direct financial measures, including expediting value-added tax refunds for exporters, and to plan national rice reserve purchases to mitigate unfavorable market fluctuations.

    Remarkably, in the first seven months of this year, rice exports to the Philippines saw a decline of 13.5% year-on-year, while other markets flourished, including Ghana (53.5%), Ivory Coast (96.6%), and an astonishing increase in exports to Bangladesh by 188 times.

    Questions & Answers

    How has the rice export market been affected by the Philippines’ import suspension?
    The suspension has disrupted contracts, increased inventories, and pressured domestic prices, with exports to the Philippines dropping by 13.5% in the first half of the year.

    What are the primary concerns for Vietnamese rice exporters?
    Concerns center around rising storage costs, reduced profit margins due to decreased prices, and challenges in obtaining necessary export certifications.

    What steps is the Vietnamese government taking to address these market challenges?
    The government is urging companies to maintain reserves while exploring new markets and has called for expedited financial measures to support rice exporters facing losses.

  • Starbucks Korea Eliminates Printers and Desktops as Café Workspaces Gain Popularity Among Customers

    Starbucks Korea Eliminates Printers and Desktops as Café Workspaces Gain Popularity Among Customers

    In a strategic move to enhance customer satisfaction, Starbucks has implemented a new policy across all its locations in South Korea, urging patrons to leave behind bulky devices when they step away from their tables. Announced Thursday, every store has displayed notices banning large equipment, including power strips and extensive cubicle-style dividers.

    These signs serve a dual purpose: they remind customers to take their belongings if they plan to leave for an extended period and encourage the efficient use of shared tables. A representative from Starbucks elucidated that this policy aims to maintain a comfortable environment for all guests. “While laptops and smaller personal devices are welcome, customers are asked to refrain from bringing desktop computers, printers, or other bulky items that may limit seating and impact the shared space,” the spokesperson explained to Business Insider. Importantly, these guidelines do not impose time restrictions on those who choose to dine in.

    Starbucks boasts over 2,000 outlets in South Korea, making it the company’s third-largest market after the United States and China. This recent policy aligns with a rapidly burgeoning trend in the country known as “cagongjok,” which describes individuals who occupy coffee shops for long hours to work or study.

    While the majority of these patrons use laptops, the trend has also seen some customers bringing in considerably larger equipment such as monitors and printers, as well as—wait for it—partition panels. A social media post illustrating a customer in South Korea with a three-sided partition and a computer exemplifies this phenomenon, showcasing just how far some have taken the concept of a “mobile office.”

    The rise of this trend is rooted in South Korea’s changing labor landscape and the widespread shift toward remote work. Post-pandemic, many employees adjusted to working from home, and as they gradually returned to their offices, skyrocketing rents and limited redevelopment opportunities in Seoul restricted available commercial space. In a city where businesses fiercely compete for every square foot, cafés have flourished as makeshift workspaces.

    Jo Elfving-Hwang, an associate professor of Korean society and culture at Australia’s Curtin University, noted that businesses have adapted by turning to co-working spaces or allowing employees to work remotely. “People just started working from home more, and [businesses] discovered that they didn’t necessarily need a space in the same way,” she shared with Fortune.

    However, not everyone is pleased with the emergence of “cagongjok.” Some café owners voice frustration, labeling these long-term patrons as “electricity thieves” who commandeer tables for hours while purchasing just a single beverage, thereby limiting availability for other guests. As such, it seems only natural for cafés to strive to reclaim their identity as spaces for leisure and relaxation rather than simply functioning as remote work hubs, according to Elfving-Hwang.

    Questions & Answers

    What prompted Starbucks to implement this new policy in South Korea?
    The new policy was introduced to enhance customer experience by preventing the overcrowding of space caused by bulky devices like desktop computers and printers.

    What does the term “cagongjok” refer to in the context of South Korea’s café culture?
    “Cagongjok” describes individuals who occupy coffee shops for extended periods to work or study, often occupying tables for hours with minimal purchases.

    How is the rise of remote work influencing café dynamics in South Korea?
    As more employees work from home and the demand for physical office space decreases, many have turned to cafés as alternative workspaces, leading to a shift in how these establishments are utilized.

  • Vietnam’s 2025 Fruit and Vegetable Exports to China Plummet by 15% – What’s Driving the Decline?

    Vietnam’s 2025 Fruit and Vegetable Exports to China Plummet by 15% – What’s Driving the Decline?

    In a notable rebound, Vietnam’s fruit and vegetable exports are starting to recover after an alarming decline earlier this year. Following stricter scrutiny by Chinese authorities regarding residues of banned substances, exports had plummeted by as much as 80%. However, recent figures show that for the year to date, Vietnamese exports in this sector have reached an impressive $4 billion. The U.S. has emerged as a significant player, importing $316 million worth of goods—a 66% increase that underscores the growing appetite for Vietnamese produce.

    Growth Across Markets

    Other international markets, including Japan, the Netherlands, Taiwan, and Australia, have also shown robust growth, with increases ranging from 13% to 40%. This surge in demand reflects a newfound appreciation for Vietnam’s fresh fruits and vegetables. Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, attributes this recovery to enhanced safety measures. The Ministry of Agriculture and Rural Development has introduced a comprehensive food safety control process specifically for fresh durian exports, ensuring quality from farm to table.

    A Golden Opportunity for Durian Exports

    If these new measures are effectively implemented, there could be a significant breakthrough for durian and other tropical fruit exports to China, a market loomed over by more than 1.4 billion consumers. However, it’s worth noting that Chinese consumers are shifting their preferences toward processed fruits and vegetables, seeking convenience in their busy lives. Nguyen emphasized this trend as a golden opportunity for Vietnamese businesses, highlighting the need to act swiftly to capture greater market share and stabilize production.

    The Push for Sustainable Supply Chains

    Given Vietnam’s substantial trade deficit with China, a strategy is key. Nguyen Thi Thu Thuy, deputy director of the Trade and Investment Promotion Center, suggested that aside from tropical fruits, Vietnamese businesses should also focus on diversifying their produce offerings. Passion fruit, coconut, bird’s nest, and citrus fruits could become vital components of Vietnam’s export strategy, especially with the establishment of more sustainable supply chains in the coming years.

    Questions & Answers

    How significant is the rise in Vietnamese fruit and vegetable exports?
    Vietnam’s total exports have soared to $4 billion this year, marking a substantial recovery from earlier declines.

    What measures are being taken to enhance export safety?
    The Ministry of Agriculture and Rural Development has implemented a food safety control process for fresh durian, ensuring quality from production to market.

    What other products should Vietnamese businesses focus on for future exports?
    In addition to tropical fruits, there is potential in exporting passion fruit, coconut, bird’s nest, and citrus fruits, as businesses are encouraged to establish sustainable supply chains.

  • Asahi Beverages Expands Product Line With Zesty Hard Rated Alcoholic Orange

    Asahi Beverages Expands Product Line With Zesty Hard Rated Alcoholic Orange

    Asahi Beverages, the multinational Japanese beverage company, is broadening its Hard Rated product range with the introduction of a fresh orange variant. This move aims to build on the achievements of its lemon variant, which was successfully launched in 2023.

    The New Orange Flavour

    The latest addition to the Hard Rated line boasts a distinct, low-bubble, sweet, and zesty orange profile. It maintains a 4.5 per cent alcohol by volume (ABV), and in keeping with the company’s commitment to quality and naturalness, this new variant contains no artificial colours or flavours.

    Sarah Wilcox, who heads the ready-to-drink (RTD) and cider divisions at Asahi Beverages, acknowledges the robust market demand for orange-flavoured alcoholic drinks. She also noted the undeniable growth in the RTD sector since the company first introduced Hard Rated in 2023.

    Wilcox added that the introduction of Hard Rated Alcoholic Orange seeks to sustain Hard Rated’s position as Australia’s top white spirit premix. It aspires to meet consumer demand for a tangy orange flavour that has not been readily available on the market.

    Distribution and Pricing

    The Hard Rated Alcoholic Orange is available through major alcohol retailers and venues across Australia. It comes in two variants – a four-pack priced at $30 and a 10-pack valued at $60.

    Questions & Answers

    What is the new addition to Asahi Beverages’ Hard Rated portfolio?
    The new addition is the Hard Rated Alcoholic Orange, which boasts a low-fizz, sweet, and zesty orange profile.

    What is the alcohol percentage of the new Hard Rated Alcoholic Orange?
    The Hard Rated Alcoholic Orange has an alcohol by volume (ABV) of 4.5 per cent.

    How much does the Hard Rated Alcoholic Orange cost?
    It is available in two variants – a four-pack priced at $30 and a 10-pack valued at $60.

  • Treasury Wine Estates Records Robust Financial Growth; Penfolds Brand Sales Surge 7.3%

    Treasury Wine Estates Records Robust Financial Growth; Penfolds Brand Sales Surge 7.3%

    Treasury Wine Estates (TWE) has seen a substantial growth pattern in its financial performance for the present fiscal year. The company’s net group sales have experienced a 7.2% increase, elevating the figure from $2.7 billion to $2.9 billion.

    Growth in Profit and Profit Margin

    The gross profit of the group has witnessed a 15% surge, amounting to $1.4 billion. This growth is mirrored in the company’s gross profit margin, which has moved up from 45.3% to 48.6% year-on-year.

    The firm’s Earnings Before Interest and Taxes (EBITS) has also seen a significant growth, marking a 17% increase to reach $770 million. The company’s net profit after tax followed suit, with an 8.1% increase, amounting to $450.7 million.

    Brand Performance

    The company’s renowned brand, Penfolds, has also reported a positive net sales revenue growth of 7.3%, reaching $1 billion. The brand’s EBITS has also risen, showing a 13.2% increase to reach $477 million.

    The Treasury Americas brand of the group has reported a notable 16.8% surge in its net sales revenue, bringing the total to $1.2 billion. This growth was accompanied by a 33.9% increase in its EBITS, reaching $308.6 million.

    However, TWE’s Treasury Premium Brands reported a decrease in its net sales revenue by 5.9% year-on-year, with the figure standing at $693.5 million. The brand’s EBITS also plummeted, reflecting a 27.6% drop to $55.1 million.

    CEO Statement

    Tim Ford, CEO of Treasury Wine Estates, expressed his satisfaction with the company’s fiscal performance. Despite facing challenges in several markets, the company remained committed to executing its business strategies, strengthening the company’s long-term growth.

    Ford attributed the company’s strong financial performance to Penfolds’ continued momentum and the successful integration of Daou Vineyards into their luxury portfolio. He also highlighted the company’s recent transition to a new luxury portfolio-led operating model that enhances strategic clarity and positions the firm well for the future.

    Questions & Answers

    What is the reported increase in Treasury Wine Estates’ group net sales?
    The group net sales have seen a 7.2% increase, moving from $2.7 billion to $2.9 billion for the current fiscal year.

    What has been the performance of Penfolds and Treasury Americas brands in terms of net sales revenue?
    Penfolds reported a 7.3% increase in net sales revenue to $1 billion, while Treasury Americas revealed a 16.8% rise, amounting to $1.2 billion.

    What measures has the company undertaken for long-term growth as per the CEO’s statement?
    The CEO revealed that the company has remained focused on executing its business plans, integrating Daou Vineyards into their luxury portfolio, and transitioning to a luxury portfolio-led operating model.

  • Cadbury Australia Recalls Marvellous Creations Candy Due To Plastic Contamination Risk

    Cadbury Australia Recalls Marvellous Creations Candy Due To Plastic Contamination Risk

    Cadbury Australia has recently announced a countrywide recall of a popular product, the Marvellous Creations Jelly Popping Candy Beanies. The recall is due to the discovery of plastic fragments within the treats.

    Product Details

    The products impacted by the recall are those with an expiration date of May 21, 2026. They have been distributed and sold across the country by various outlets, including Coles, Woolworths, Drakes, The Reject Shop, IGA, and several independent retailers.

    Consumer Warning

    Food safety bodies have cautioned against consuming products containing plastic, stating that they may lead to potential health risks such as illness or injury.

    Advice to Consumers

    Customers who have purchased the affected product are strongly advised not to consume it. They are encouraged to return the product to the store of purchase where they will receive a full refund.

    For those who have already consumed the product and are worried about their health, it is recommended to seek immediate medical advice.

    Questions & Answers

    What should I do if I have purchased the recalled product?
    You should not consume it. Instead, return it to the store from where it was purchased for a full refund.

    What if I have already consumed the product?
    If you have already consumed the product and are feeling unwell or concerned about your health, it is strongly recommended to seek immediate medical attention.

    Are other Cadbury products affected by this recall?
    No. This recall is specific to the Marvellous Creations Jelly Popping Candy Beanies with an expiration date of May 21, 2026. Other Cadbury products are not affected.