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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.

  • Chagee’s Return To Vietnam Spurs Renewed Criticism Amid Expansion Plans

    Chagee’s Return To Vietnam Spurs Renewed Criticism Amid Expansion Plans

    Despite facing an earlier boycott due to its utilization of a contentious ‘nine-dash line’ map in its mobile application, Chinese milk tea franchise Chagee has made a return to the Vietnamese market.

    New Store Opens

    Recently, Chagee set up shop in Tan Huong Ward, a location which was previously part of District 7 prior to the administrative reorganization implemented in Ho Chi Minh City on the first of July. In an effort to regain customer trust and loyalty, the company has been offering promotional discounts.

    In an official statement shared on its fanpage, Chagee expressed its commitment to its mission “Chagee Together!”. The company also outlined its goal to “bring a complete tea experience closer to Vietnamese customers”.

    Renewed Criticism

    Nevertheless, the company’s reintroduction into the Vietnamese market has provoked a renewed wave of public criticism. A number of Vietnamese consumers continue to be skeptical of Chagee due to the brand’s link to the unlawful maritime claim represented in its former mobile application.

    One Facebook user stated, “Vietnam has no shortage of great milk tea brands. We should be supporting local businesses.” Following this renewed backlash, Chagee has deactivated comments on its social media platforms.

    Expansion and Controversy

    Additionally, Chagee has developed a website catered to the Vietnamese market, showcasing a beverage menu with prices varying from approximately US$1.65 to $3.35. The company reportedly has plans for further expansion by setting up numerous stores throughout Ho Chi Minh City in the forthcoming period.

    Chagee, established in 2017 in Shanghai, has swiftly expanded throughout Southeast Asia. Earlier this month, it inaugurated its first Philippine outlet.

    Chagee’s original foray into Vietnam was marked by the opening of a flagship store located at the crossroads of Dong Khoi and Nguyen Thiep streets in downtown Ho Chi Minh City, an area formerly part of District 1, now known as Saigon Ward.

    However, this initial launch rapidly fell apart after internet users identified a map on the Chagee app that represented China’s controversial “nine-dash line”. After this revelation, the company deactivated its social media platforms without providing a public explanation.

    Questions & Answers

    Why did Chagee face an earlier boycott in Vietnam?
    Chagee faced a boycott due to the use of a controversial ‘nine-dash line’ map in its mobile application, representing China’s contentious maritime claim.

    How is Chagee handling the renewed criticism and backlash?
    Chagee has responded by disabling comments on its social media platforms to mitigate the negative feedback.

    What are Chagee’s plans for the Vietnamese market?
    Chagee has launched a website targeted at the Vietnamese market and is reportedly planning to establish multiple stores across Ho Chi Minh City.

  • Popeyes Expands In The Philippines: New Franchising Program Launched Amid Record-breaking Performance

    Popeyes Expands In The Philippines: New Franchising Program Launched Amid Record-breaking Performance

    Popeyes, the renowned American fast food brand, has initiated its franchise program in the Philippines. This move comes in the wake of the country’s stellar performance, making it the leading global market for Popeyes in terms of transactions, as reported by the company’s parent organization, Restaurant Brands International (RBI).

    Franchising: The Logical Next Step

    Dustin Ngo, the Managing Director for Popeyes Philippines, expressed his views on the new franchising initiative. According to Ngo, franchising was the logical next phase in the company’s growth trajectory. He lauded it as a lucrative investment opportunity that aligns perfectly with Popeyes’ expansion plans over the next three years.

    Franchise investment for a 1000sqm drive-thru store varies between PHP$45 million and $50 million, equivalent to US$793,000 to $800,000. The investment package encompasses construction, equipment, training, and a 10-year franchise fee. The continued costs include an 8 per cent royalty and a 5 per cent advertisement fee, calculated based on sales.

    Comprehensive Support for Franchise Partners

    RBI, along with the local team, will offer comprehensive support to ensure a smooth and efficient setup and operation for the franchise partners. The objective is to make the operation of Popeyes franchises as hassle-free as possible.

    Dan Hayton, the Chief Operating Officer of Popeyes Philippines, further elucidated this point. He expressed the company’s desire for franchise partners to run their Popeyes franchise effortlessly, with the operation starting up as easily as turning a key.

    Questions & Answers

    What is the investment range for opening a Popeyes franchise in the Philippines?
    The investment for a 1000sqm drive-thru store ranges from PHP$45 million to $50 million (US$793,000 to $800,000), which includes costs for construction, equipment, training, and a 10-year franchise fee.

    What are the ongoing costs for a Popeyes franchise?
    The ongoing costs include an 8 per cent royalty and a 5 per cent advertisement fee, calculated based on sales.

    What kind of support does Popeyes provide to its franchise partners?
    Popeyes, in collaboration with RBI and the local team, provides comprehensive end-to-end support. The focus lies on ensuring a fast setup and operational efficiency for the franchise partners.

  • Singapore coffee chain Alchemist enters Japan with two Tokyo stores

    Singapore coffee chain Alchemist enters Japan with two Tokyo stores

    Singapore’s well-known coffee brand, Alchemist, has successfully launched in Japan, marking its first venture outside its home country. The company inaugurated its two international outlets in Tokyo, thereby cementing its global footprint.

    New Store Locations

    The new store locations chosen are in the neighborhoods of Aoyama and Asakusa. The Aoyama outlet boasts a sprawling 140 square meters area and has a seating capacity for 30 people. On the other hand, the Asakusa branch covers a larger area of 200 square meters and can comfortably seat 70 patrons. The stores continue the brand’s tradition of minimalist design, allowing customers to appreciate the coffee brewed using beans roasted in Singapore.

    Alchemist’s founder, Will Leow, expressed his admiration for Japan’s entrenched coffee culture and meticulous attention to detail. “Our primary objective has always been forging connections through coffee. Establishing a presence in Tokyo was a logical progression for us, and we’re gratified by the warm welcome we’ve received from the local community,” he said.

    Alchemist’s Journey

    Alchemist was founded in 2016 by Will Leow, a barista and entrepreneur. The brand started as a modest coffee stand in Singapore’s Central Business District. Since then, it has expanded to 11 locations across the city-state.

    Future Expansion Plans

    As part of its long-term growth strategy, Alchemist aims to open 10 more outlets throughout Tokyo by the end of 2028. The company is excited about sharing its unique vision with the coffee aficionados of Japan, a country already revered for its exquisite quality and craftsmanship in the brewing sector.

    Questions & Answers

    What is the seating capacity of the new Alchemist stores in Tokyo?
    The Aoyama store can accommodate 30 customers, whereas the Asakusa store has a seating capacity for 70 patrons.

    When and where was Alchemist established?
    Alchemist was founded in 2016 by Will Leow. It started as a small coffee stand in Singapore’s Central Business District.

    What are Alchemist’s expansion plans in Tokyo?
    Alchemist plans to open 10 more stores across Tokyo by the end of 2028 as part of its long-term expansion strategy.

  • China’s Food Delivery Wars: Alibaba and Rivals Feel the Profit Pinch

    China’s Food Delivery Wars: Alibaba and Rivals Feel the Profit Pinch

    In the midst of a fierce food delivery war, China’s major players—Alibaba Group, Meituan, and JD.com—are locked in a high-stakes competition to capture consumer spending in the world’s largest economy. The stakes have just risen as JD.com recently amplified the battle, reporting an explosive surge in both orders and new users, propelled by substantial subsidies.

    This past weekend, excitement reached new levels. Many consumers reported delightful surprises in their deliveries—free bubble tea and coffee were offered to users over consecutive weekends, contributing to an enthusiastic uptick in orders. This unexpected beverage boon has not only sparked consumer enthusiasm but also sent shares of Hong Kong-listed bubble tea brands soaring to new heights, making investors perk up faster than a barista brewing their morning espresso.

    As these platforms race to dominate the market, the question remains: what will be the next thrilling tactic in a game that seems to be brewing stronger every day?

    Questions & Answers

    What are the three main platforms involved in China’s food delivery war?
    The primary competitors are Alibaba Group, Meituan, and JD.com, each striving to capture consumer spending in China.

    What recent event contributed to a spike in user engagement for these platforms?
    Over two recent weekends, users received free bubble tea and coffee with their deliveries, which significantly boosted both orders and user registrations.

    How have investors reacted to the rise in coffee and bubble tea giveaways?
    Investors took notice, as shares of Hong Kong-listed bubble tea brands experienced a sharp increase, reflecting the excitement generated by these promotions.

  • Vietnam Sets Ambitious Goal: Targeting $4.5B in Cashew Exports by 2025

    Vietnam Sets Ambitious Goal: Targeting $4.5B in Cashew Exports by 2025

    Vietnam is setting its sights on exporting an impressive US$4.5 billion worth of cashew nuts this year, reflecting a 2.7% increase from the previous year, as reported by the Ministry of Agriculture and Environment.

    In the first half of 2025, the country shipped 346,800 tonnes of cashews, valued at $2.36 billion. While this represented a 2.7% decline in volume, the value surged by 20.4% compared to the same period last year. The spike in revenue was largely driven by a notable increase in export prices, with the average price per tonne soaring over $6,805—a hefty 23.8% rise from 2024.

    Vietnam’s top three cashew export destinations—China, the U.S., and the Netherlands—accounted for significant portions of the market, at 22%, 21.6%, and 8.4% of total export value, respectively. Notably, exports to these markets grew by 41.2%, a mere 0.1%, and 22.4% in value, underscoring a dynamic shift despite some fluctuations.

    To meet its ambitious target, the Vietnamese cashew sector needs to ramp up revenues to around $2.2 billion during the second half of the year. The ministry is advocating for intensified efforts to penetrate emerging markets like the UAE and Saudi Arabia, where demand for Vietnamese cashews is on the rise but the presence remains minimal. Additionally, exports to the EU have consistently climbed in recent years, signaling a fruitful opportunity for growth.

    In a sprightly turn of events for manufacturers, the recent drop in raw cashew prices—from $1,450 to $1,350 per tonne—is providing an advantageous cost structure as the peak season approaches, particularly with year-end festivals and the Lunar New Year on the horizon. The Vietnam Cashew Association anticipates the global market for cashews to expand at an average annual rate of 4.6% from 2022 to 2027. Last year, Vietnam recorded an unprecedented export of 730,000 tonnes, generating $4.37 billion, a striking 20.2% increase year-on-year, solidifying its reputation as a global cashew powerhouse.

    Questions & Answers

    What is Vietnam’s target for cashew exports in 2025?
    Vietnam aims to export $4.5 billion worth of cashew nuts in 2025, marking a 2.7% increase from the previous year.

    Which countries are the top buyers of Vietnamese cashews?
    The top three buyers of Vietnamese cashews are China, the United States, and the Netherlands, accounting for 22%, 21.6%, and 8.4% of the total export value, respectively.

    How does the recent decline in raw cashew prices impact manufacturers?
    The decline in raw cashew prices from $1,450 to $1,350 per tonne offers manufacturers a cost advantage as they prepare for the peak export season around year-end festivities and the Lunar New Year.

  • Starbucks Announces Exciting Shift to 4-Day In-Office Workweek for Employees

    Starbucks Announces Exciting Shift to 4-Day In-Office Workweek for Employees

    Starbucks CEO Brian Niccol announced a transition that will require many employees to work in-office at least four days a week, an increase from the current three days. This new policy is set to roll out later this year.

    A Return to the Office: What It Means for Starbucks

    The updated policy will see common office days established from Monday to Thursday across support centers in Seattle and Toronto, as well as regional offices in North America, as outlined by Niccol in a recent message to partners on the company’s website.

    As Niccol approaches his one-year anniversary as CEO, he is dedicated to steering Starbucks back to its coffeehouse roots. His focus is on enhancing the in-store experience while lessening the company’s reliance on mobile and to-go orders, which, to some, is as vital as a morning cup of coffee. “Being in person also helps us build and strengthen our culture. As we work to turn the business around, all these things matter more than ever,” Niccol emphasized.

    Implementing Change and Encouraging Presence

    This shift to a four-day in-office work week is expected to take effect on September 29. Earlier this year, Starbucks took the initiative to urge remotely working vice president-level leadership to begin relocating to either Seattle or Toronto. Now, the call extends to all support center leaders, who must complete their moves within the next 12 months.

    As the coffee chain looks to combat rising inflation and navigate economic uncertainties, Starbucks is rapidly rolling out a new staffing and service model across its North American stores to boost sales growth.

    Questions & Answers

    What prompted Starbucks to increase in-office work days?
    The increase in in-office work days comes as part of CEO Brian Niccol’s strategy to strengthen company culture and enhance the in-store experience while reducing reliance on mobile and to-go orders.

    When will the new four-day work week policy take effect?
    The new policy is expected to take effect on September 29, 2025, requiring employees to work in the office four days a week.

    What changes has Starbucks made in response to economic pressures?
    In response to rising inflation and economic uncertainty, Starbucks has initiated a new staffing and service model across company-owned stores in North America to revive sales growth.

  • Vietnamese Shoppers Enthralled by Irresistible Chinese Golden Plums at $19/kg

    Vietnamese Shoppers Enthralled by Irresistible Chinese Golden Plums at $19/kg

    The golden-yellow Chinese plum has burst onto the Vietnamese fruit scene, boasting a subtle fragrance, crisp texture, and a hint of delicate sweetness. Its size surpasses that of traditional Vietnamese plums, positioning it as a rival to pricier fruits like seedless lychees and milk grapes, which once ruled the marketplace.

    At a premium fruit shop in downtown Ho Chi Minh City, owner Tuyet shared her enthusiasm after selling over 200 kilograms of this new plum variety within just two weeks of importing it. “Customers often return after their first try,” she remarked, alluding to the fruit’s growing popularity.

    As if on cue, online vendors have ramped up their marketing efforts for this specialty fruit. Le Thoa, an importer of exotic fruits, praised the unique qualities of the Chinese plum, comparing it favorably to her past offerings from Chile and Australia. “It has golden flesh and is as crisp as Vietnamese plums with a mild sweetness that’s easy to enjoy without overwhelming the palate,” she explained, perhaps envisioning a fan base of budding plum enthusiasts.

    Currently, these plums are either hand-carried or imported in small quantities due to the lack of a formal trade agreement between Vietnam and China. Nguyen Lien, a trader in the border province of Lao Cai, revealed that the wholesale prices have skyrocketed, reaching VND300,000 per kilogram.

    Cultivated predominantly in regions like Yunnan, Xinjiang, and Miyun County, this plum variety has a substantial agricultural footprint. In Yunnan and Xinjiang alone, the golden plum occupies thousands of hectares, while in Miyun, approximately 660 hectares are designated for premium plum cultivation.

    The plum’s primary harvest season occurs from late June to August, a window that Vietnamese consumers will likely be eagerly watching. According to customs data, Vietnam imported $402 million worth of fruits and vegetables from China in the first half of this year, capturing 33.5% of total imports in this category. This statistic cements China’s position as Vietnam’s largest supplier of fresh produce, and it looks like the golden plum is ready to take its rightful place on the fruit crown.

    Questions & Answers

    What makes the golden Chinese plum stand out in the Vietnamese market?
    The golden Chinese plum is larger than traditional Vietnamese plums and offers a unique flavor profile with its crisp texture and mild sweetness, appealing to consumers looking for something new.

    How has the reception been for this fruit among consumers?
    Retailers like Tuyet have reported strong sales, with returning customers indicating that the plum is becoming a popular choice among fruit lovers.

    What are the challenges faced in importing these plums to Vietnam?
    Imports are currently limited to hand-carried shipments or small volume imports due to the absence of a formal trade agreement between Vietnam and China, impacting the supply chain for this fruit.

  • Chinese Tea Giant Chayanyuese Debuts In North American Market With Unique Beverage And Snack Line

    Chinese Tea Giant Chayanyuese Debuts In North American Market With Unique Beverage And Snack Line

    Chayanyuese, a renowned Chinese tea brand, has announced its expansion into the North American market via various e-commerce platforms. The Changsha-based tea company has launched an exclusive online store on Shopify while simultaneously opening official outlets on Amazon, TikTok Shop, and Walmart.

    Chayanyuese’s initial product assortment comprises approximately 40 items. Included in this range are intriguing snacks such as Jasmine Green Tea Flavored Potato Sticks, as well as an array of tea sets and brewing paraphernalia.

    Chayanyuese was established in 2013 and has since become a household name in China, operating more than 900 stores across the country. The company manages these outlets under its primary and subsidiary brands, which include names such as Yuanyang Coffee, Gudemoning, and Xiaoshenxian Tea House.

    The company’s unique tea beverages and snack offerings have gained significant popularity nationwide, resulting in stores being opened in major Chinese cities such as Changsha, Wuhan, and Chongqing.

    Questions & Answers

    Which e-commerce platforms is Chayanyuese using for its North American expansion?
    Chayanyuese has launched its North American venture using a dedicated online store on Shopify, in addition to official storefronts on Amazon, TikTok Shop, and Walmart.

    What types of products is Chayanyuese offering initially to the North American market?
    The brand’s initial product line includes about 40 items, featuring snacks like Jasmine Green Tea Flavored Potato Sticks and a variety of tea sets and brewing utensils.

    Where does Chayanyuese operate its stores in China?
    Chayanyuese operates over 900 stores across China, including in major cities such as Changsha, Wuhan, and Chongqing.

  • Jollibean Commits to Paying Salaries for 22 Employees Amid Ongoing Challenges in Singapore’s Soya Milk Market

    Jollibean Commits to Paying Salaries for 22 Employees Amid Ongoing Challenges in Singapore’s Soya Milk Market

    In a troubling turn for employees at Jollibean, 29 workers are currently receiving assistance for unpaid salaries, as reported in a joint statement from the Tripartite Alliance for Dispute Management and the Ministry of Manpower on July 12. These salary disputes are not a recent development; they have been cropping up intermittently since December 2024.

    Drastic Downsize at Jollibean

    Once a dominant presence with over 30 outlets across Singapore, Jollibean’s store count has dwindled to just five locations. The company’s director, Shahrul Nazrin Mohd Dahlan, now navigating the firm under new ownership, has assured that they are working closely with authorities to resolve the salary issues by the end of this month. However, specifics regarding the delayed payments remain murky.

    Voices of Concern: Employees Speak Out

    An employee, revealed her distress over unpaid wages for May and June, with her December 2024 salary delayed by nearly three weeks. “It’s like being in a suspense thriller—you never know what’s going to happen next. I’ve had to dip into my savings just to handle rent and other bills,” she said, highlighting the struggles faced by her and other front-line staff. “It would have been helpful if management had given us a heads up about the company’s struggles instead of leaving us in the dark.”

    Ongoing Investigations and Future Prospects

    As the situation unfolds, the Ministry of Manpower is conducting an investigation into Jollibean for possible violations of the Employment Act and is committed to assisting impacted employees. Jollibean was established in Singapore back in 1995, becoming a beloved brand known for its soya milk and traditional pancake snacks, conveniently located in bustling shopping malls and MRT stations.

    However, the company’s fortunes began to wane during the Covid-19 pandemic, with a steady decline in brand popularity detailed in Berjaya Food’s annual reports after the Malaysian F&B operator acquired Jollibean in 2012 for SGD7.5 million (USD 5.86 million). Once the post-pandemic world opened up, Jollibean faced a challenging landscape marked by weakened consumer sentiment, dwindling foot traffic in the Central Business District, rising living costs, and a persistently uncertain economic climate.

    Questions & Answers

    What led to Jollibean’s financial difficulties?
    Jollibean has struggled due to various factors, including decreased consumer sentiment during the pandemic, lower foot traffic from flexible work arrangements, and increased living costs, all compounded by an uncertain economic outlook.

    How many employees are currently affected by unpaid wages?
    Currently, 29 workers are seeking assistance for unpaid salaries, as reported by the Tripartite Alliance for Dispute Management and the Ministry of Manpower.

    What actions are being taken to address the salary issues?
    Jollibean’s new ownership is collaborating with authorities to resolve outstanding salary payments, and the Ministry of Manpower is investigating the company for potential violations of the Employment Act.

  • Ferrero Group Acquires Wk Kellogg In $3.1 Billion Deal, Bolstering North American Presence

    Ferrero Group Acquires Wk Kellogg In $3.1 Billion Deal, Bolstering North American Presence

    The Ferrero Group, a major player in the confectionery industry, has recently announced its acquisition of WK Kellogg in an all-cash transaction amounting to US$3.1 billion. This significant development marks a critical milestone in Ferrero’s ongoing expansion in the North American market.

    In exchange for WK Kellogg’s manufacturing, marketing, and distribution operations in the US, Canada, and the Caribbean, Ferrero will pay $23.00 per share. Ferrero, a company employing over 14,000 individuals across 22 plants and 11 offices in North America, has plans to maintain WK Kellogg’s historical headquarters in Battle Creek, Michigan as the central hub for its North American cereal operations.

    Gary Pilnick, Chairman and CEO of WK Kellogg, believes that this merger with Ferrero will afford his company greater resources and flexibility, thus facilitating the growth of its iconic brands in a highly competitive and dynamic market. He stated, “As a family-owned private company with values in line with our founder, WK Kellogg, Ferrero provides a great home for our people and has a track record of supporting the communities where it operates.”

    Established nearly 120 years ago, WK Kellogg became an independent entity in October 2023 after parting ways with the Kellogg Company. The company owns several popular breakfast cereal brands, including Kellogg’s Frosted Flakes, Kellogg’s Froot Loops, Kellogg’s Frosted Mini Wheats, Kellogg’s Raisin Bran, Kashi, and Bear Naked.

    Lapo Civiletti, CEO of the Ferrero Group, expressed enthusiasm for the acquisition, asserting that it would play a significant role in extending Ferrero’s reach across more consumer occasions. He added, “This also reinforces our commitment to delivering value to consumers in North America.”

    The transaction is slated to be finalized in the second half of this year, contingent upon the necessary regulatory approvals and customary closing conditions.

    Questions & Answers

    What is the significance of the Ferrero Group’s acquisition of WK Kellogg?
    The acquisition represents a major development in Ferrero’s expansion in North America.

    What does the acquisition mean for WK Kellogg’s operations?
    Ferrero plans to maintain WK Kellogg’s historical headquarters in Battle Creek, Michigan as the central hub for its North American cereal operations, thereby preserving WK Kellogg’s operational continuity.

    What is Ferrero’s ultimate aim with this acquisition?
    Ferrero sees this acquisition as a means to extend its reach across more consumer occasions and reinforce its commitment to delivering value to consumers in North America.

  • Savage Rabbit Vodka: Eastern European Tradition Meets Australian Market

    Savage Rabbit Vodka: Eastern European Tradition Meets Australian Market

    Slovakia-based Savage Rabbit has officially introduced its premium vodka into the Australian market.

    The Vodka’s Unique Composition

    Savage Rabbit’s vodka is a harmonious blend of winter wheat and rye, paying homage to Eastern European vodka-making traditions while incorporating modern practices. The spirit is noteworthy for its distinct taste profile, featuring notes of apple and juicy melon, underscored by almond with a touch of white pepper.

    Ian Head, the co-founder of Savage Rabbit, noted that the brand aims to combine a premium product’s purity and smoothness with a playful and social appeal in tune with modern consumers’ preferences.

    Inspired by Nature

    The vodka, distilled in Slovakia, draws inspiration from the glacial spirit of the Tatra Mountains. It offers a unique aromatic bouquet of grapefruit and pecan, culminating in a smooth, silky, buttery mouthfeel.

    Exceptional Production Process

    The production process of Savage Rabbit vodka involves a meticulous triple-filtration process. After cooling the spirit to below three degrees Celsius, it’s filtered through charcoal, silver, and platinum to ensure a pristine final product.

    Availability

    Savage Rabbit Vodka is now available for purchase in selected stores and venues across Australia, retailing at a standard price of $69.

    Questions & Answers

    What is the flavor profile of Savage Rabbit Vodka?
    Savage Rabbit Vodka combines taste notes of apple and juicy melon, layered with almond and a hint of white pepper. It also features aromatic tones of grapefruit and pecan.

    What is unique about Savage Rabbit’s production process?
    Savage Rabbit Vodka undergoes an intricate triple-filtration process through charcoal, silver, and platinum after being cooled to under three degrees Celsius, which contributes to its purity and smoothness.

    Where can Savage Rabbit Vodka be purchased in Australia?
    Savage Rabbit Vodka is available in select stores and venues across the nation.

  • Chagee: Chinese Tea Giant Set To Brew Success In The Philippine Market

    Chagee: Chinese Tea Giant Set To Brew Success In The Philippine Market

    Chagee: The Chinese Tea Brand Poised to Enter Philippine Market

    Chagee, a renowned Chinese tea brand, is poised to infiltrate the Philippine market. This expansion is earmarked for August, with three branches slated for unveiling in Metro Manila.

    The fresh outlets will be strategically located at notable locales such as SM North EDSA, Robinsons Galleria, and Venice Grand Canal Mall.

    A Modern Take on Traditional Tea

    Chagee has carved a niche for itself as a contemporary tea bar that fuses traditional Chinese tea-making techniques with an emphasis on natural ingredients.

    The brand’s signature concoctions are milk-based tea beverages, expertly brewed using whole tea leaves from a variety of plants including green, black, and oolong. These teas are free from artificial sweeteners or flavorings, underscoring the brand’s commitment to all-natural products.

    Chagee’s Global Footprint

    With its roots in Yunnan, China, Chagee has successfully extended its reach across Asia and beyond. The company presently boasts of over 6000 stores worldwide. Its international presence can be felt in a number of markets such as Malaysia, Thailand, Singapore, and the United States among others.

    Questions & Answers

    What is Chagee?
    Chagee is a Chinese tea brand that is recognized for infusing modern flavors with traditional Chinese tea-making methods.

    Where are the new Chagee outlets in the Philippines going to be located?
    The new Chagee outlets in the Philippines are planned to be located at SM North EDSA, Robinsons Galleria, and Venice Grand Canal Mall.

    What distinguishes Chagee’s tea beverages?
    Chagee’s signature tea beverages are milk-based and are brewed using whole tea leaves from a variety of plants such as green, black, and oolong. These teas are free from artificial sweeteners or flavorings.

  • Potential $10b Valuation As Investors Eye Stake In Starbucks’ China Operations

    Potential $10b Valuation As Investors Eye Stake In Starbucks’ China Operations

    Starbucks’ China Operations Draw Interest from Potential Buyers

    Starbucks’ business operations in China may soon undergo changes, as several prominent investors have shown interest in acquiring a stake. This signifies a potential valuation of Starbucks’ China unit at approximately US$10 billion.

    Among the investors vying for a stake in the coffee giant’s China business are Asia-based private equity firms Centurium Capital and Hillhouse Capital, as well as their US counterparts Carlyle Group and KKR & Co.

    Starbucks May Retain 30% Stake

    According to sources, it is a possibility that Starbucks might retain a stake of 30 percent, with the remainder distributed among a group of purchasers, each owning less than 30 percent. However, the company and the potential buyers have not yet provided any comments on the matter.

    No Plans for Full Sale

    Last month, Starbucks confirmed that it does not plan to fully sell off its China operations. This announcement followed the commencement of a formal sales process for its China business in May.

    Offers Under Consideration

    Around 30 domestic and international private equity firms in China have submitted non-binding offers for a stake in Starbucks’ China business. Currently, the company is in the process of evaluating the bids, deal structure suggestions, and value creation proposals from the potential investors.

    This selection process is expected to result in a shortlist within the next two months. However, it is unlikely that the entire arrangement will be finalized before the end of this year.

    Questions & Answers

    Which companies are vying for a stake in Starbucks’ China business?
    Asia-based private equity firms Centurium Capital and Hillhouse Capital, as well as US counterparts Carlyle Group and KKR & Co, have shown interest in acquiring a stake.

    How much of a stake might Starbucks retain in its China operations?
    Starbucks may retain up to 30 percent stake in its China operations, with the remaining stake distributed among the group of buyers.

    Is Starbucks planning a complete sell-off of its China operations?
    Last month, Starbucks confirmed that it has no plans to fully sell off its China operations.

  • Australian Non-alcoholic Brand Naked Life Breaks Into Us Market With Molson Coors

    Australian Non-alcoholic Brand Naked Life Breaks Into Us Market With Molson Coors

    Australian Brand Naked Life Enters the US Market

    Naked Life, a renowned non-alcoholic beverage brand from Australia, has made its entry into the US market. This expansion was made possible through a distribution partnership with Molson Coors, a leading brewing company, allowing Naked Life to add to the corporation’s ever-growing selection of alcohol-free products.

    Lauded for its range of non-alcoholic and sugar-free cocktails, Naked Life is recognized for its use of distilled botanicals and extracts that authentically mimic the complex flavors of traditional spirits.

    Initial US Product Range

    The initial product line that Naked Life is bringing to the US consists of five core variants:

    – Mojito: A delightful concoction of citrus, lime, and fresh mint, accentuated with notes of brown sugar and rum.
    – Negroni Spritz: A balanced cocktail featuring cherry, amaro, and orange, offset by the bitterness of cinchona and bitter orange.
    – Classic G&T: A traditional mix of lemon, bitter orange, cinchona, and juniper berry.
    – Cosmo: A blend of cranberry and lime, injected with subtle orange notes.
    – Margarita: A blend of lime and salt, layered with undertones from a batch-distilled botanical blend.

    Mission of Naked Life

    David Andrew, the founder of Naked Life, shared the company’s mission: “Our aim in creating Naked Life was to make non-alcoholic cocktails more accessible, without giving up on flavor, experience, or occasion. As we observe the global trend towards mindful drinking, we are excited to bring Naked Life to the US and provide people with a different way to relish cocktail moments, on their own terms and at their own convenience.”

    Priced at US$9.99, Naked Life’s non-alcoholic cocktails are available across the US through various channels including DrinkNakedLife.com, Amazon, Total Wine, and select Meijer stores in West Michigan.

    Questions & Answers

    What kind of products does Naked Life offer?
    Naked Life offers a range of non-alcoholic and sugar-free cocktails that mimic the flavors of traditional spirits.

    What are the core variants of Naked Life’s initial US product range?
    The initial product range includes five core variants: Mojito, Negroni Spritz, Classic G&T, Cosmo, and Margarita.

    Where can you purchase Naked Life’s non-alcoholic cocktails in the US?
    These cocktails are available across the US via DrinkNakedLife.com, Amazon, Total Wine, and select Meijer stores in West Michigan.

  • Mars introduces Cookie Dough flavoured bar

    Mars introduces Cookie Dough flavoured bar

    New Chocolate Bar Launch by Mars

    Global confectionery leader Mars is set to launch a brand-new chocolate bar with a cookie dough flavor this month. This exciting addition to the chocolate market boasts a soft nougat center imbued with the taste of cookie dough, further complemented by a layer of caramel and enveloped in rich milk chocolate.

    Variety of Packaging Options

    The cookie dough-flavored chocolate bar will be offered in three different formats to cater to a range of consumer preferences. The first option is a single chocolate bar weighing 47 grams, perfect for individuals looking for a quick, sweet treat. For those seeking more, a twin pack weighing 64 grams will also be available. Lastly, a fun-size pack, ideal for sharing or portion-controlled indulgences, is set to hit the shelves in August.

    Nationwide Availability

    The Mars Cookie Dough bar will soon be seen on the shelves of major supermarkets and retail outlets across the country. This nationwide distribution ensures that chocolate enthusiasts from all corners of the country have access to this delectable new creation.

    Recent Acquisitions

    In related news, Mars recently received approval for its acquisition of Kellanova, pending a concluding review by the European Commission. This strategic move is expected to further strengthen Mars’ market position.

    Questions & Answers

    What is the unique feature of the new chocolate bar being launched by Mars?
    The new chocolate bar from Mars boasts a cookie dough-flavored nougat center, layered with caramel, and coated in milk chocolate.

    What are the different formats in which the Mars Cookie Dough bar will be available?
    The Mars Cookie Dough bar will be available in three different formats: a single 47-gram bar, a twin pack weighing 64 grams, and a fun-size pack set to launch in August.

    Where can one purchase the Mars Cookie Dough bar?
    The Mars Cookie Dough bar will be available for purchase in major supermarkets and retail outlets nationwide.