Retail News CRM

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.

  • ThongSmith: Thailand’s Premium Boat Noodle Brand Sets Sail in Hong Kong’s Dining Scene

    ThongSmith: Thailand’s Premium Boat Noodle Brand Sets Sail in Hong Kong’s Dining Scene

    Bangkok-based noodle brand, ThongSmith, has taken a step onto the international stage by launching its first overseas venture in Wan Chai, Hong Kong. With a reputation in Thailand for its upscale approach to traditional boat noodles, ThongSmith is bringing a touch of Thai street cuisine with a lavish twist to Hong Kong.

    Reimagining Street Food

    ThongSmith has carved a niche for itself in Thailand by enhancing traditional boat noodles. This reinvention involves slow-simmering broths and the inclusion of high-grade proteins such as Wagyu beef and Kurobuta pork, setting ThongSmith apart from the usual inexpensive vendors.

    Menu Adaptation

    The menu in Hong Kong follows the same pattern as in Bangkok, providing noodle dishes in addition to rice meals, grilled meats, and desserts. However, these offerings are subtly modified to cater to local tastes.

    ThongSmith’s latest venture represents its inaugural foray beyond Thailand’s boundaries. This move indicates the burgeoning interest of Southeast Asian F&B entrepreneurs in penetrating the fiercely competitive casual dining scene in Hong Kong.

    Brand Growth

    ThongSmith, which was established in 2018, now runs over 20 outlets across Bangkok.

    Questions & Answers

    What is ThongSmith known for in Thailand?
    In Thailand, ThongSmith is renowned for its upscale twist on traditional boat noodles, featuring slow-simmered broths and premium proteins like Wagyu beef and Kurobuta pork.

    How does ThongSmith cater to Hong Kong’s local tastes?
    ThongSmith modifies its Bangkok menu to suit local preferences in Hong Kong, while maintaining its signature noodle dishes, rice meals, grilled meats, and desserts.

    What does ThongSmith’s expansion into Hong Kong signify?
    ThongSmith’s expansion into Hong Kong reflects the growing interest of Southeast Asian F&B operators in entering Hong Kong’s competitive casual dining market.

  • Vietnamese Fruit Market Takes a Hit: Prices Plummet Amid Weak Demand and Strict Chinese Import Controls

    Vietnamese Fruit Market Takes a Hit: Prices Plummet Amid Weak Demand and Strict Chinese Import Controls

    Fruit prices in Vietnam, including watermelon and orange, have drastically dropped to VND1,000–5,000 (3.8-19 U.S. cents) per kilogram. This decrease is attributed to a slump in domestic demand coupled with strict quality control enforced by China, a major importer.

    Farming Woes in Gia Lai

    In Gia Lai, a province located in the central region of Vietnam, watermelons are currently fetching VND1,000-VND5,000 per kilogram. Only high-quality fruits are attracting significant prices as traders are exercising selectivity in their purchases. This situation has led to considerable financial losses for local farmers. One farmer noted a seasonal loss exceeding VND50 million, while another reported losses of VND500 million from her eight-hectare watermelon farm.

    Farmers have pointed to a significant decrease in domestic demand this year, alongside slow exports to China, unlike in previous years where sales often surged post-Lunar New Year holidays. If prices continue to dip, the situation in Gia Lai could worsen, given that over 90% of watermelon farms spanning 2,733 hectares are due for harvesting in the coming months.

    Plight of Other Fruits

    Similarly, the price of oranges in the southern province of Vinh Long has slumped to VND1,000-3,000 per kilogram. This has resulted in farmers experiencing losses of VND100-200 million per hectare. One farmer, who cultivates nearly a hectare of oranges, is considering switching crops after incurring severe losses this year.

    This price drop has pushed traders to sell their goods at heavily discounted rates on the streets of Ho Chi Minh City. Here, piles of oranges and watermelons are stacked up for sale at VND5,000 per kilogram and VND10,000 respectively. Prices of other produce such as tomatoes, green beans, and okra have also halved within a month, with tomatoes trading between VND10,000-25,000.

    Export Challenges

    Dang Phuc Nguyen, the general secretary of the Vietnam Fruit and Vegetable Association, attributes the drastic price drop to China imposing stricter quarantine controls and quality standards. As Vietnam’s largest agriculture produce buyer, these new measures have a significant impact on the local market.

    Furthermore, local testing laboratories in Vietnam are overwhelmed, leading to longer inspection times and an increase in risks for traders. The ongoing conflict in the Middle East has also led to a 50-66% surge in logistics costs. Consequently, exporters who cannot bear these costs are opting to sell their products domestically, causing a supply glut.

    The Binh Thuan Province Dragon Fruit Association reported a significant increase in air freight costs to Europe, which has jumped from $1.5 per kilogram to $7-8. This price surge has forced many traders to sell domestically at discounted prices. Exporters are looking into new Asian markets such as Japan and South Korea, but they acknowledge that these markets cannot immediately compensate for the loss of traditional markets.

    Questions & Answers

    What has led to the drastic drop in fruit prices in Vietnam?
    The fall in prices can be attributed to decreased domestic demand and China’s stricter quality control measures, which have slowed exports.

    What is the impact of the falling fruit prices on local farmers and traders?
    Falling prices have led to significant financial losses for farmers and forced traders to sell their goods at heavily discounted prices.

    What steps are Vietnamese exporters taking in response to the current situation?
    Exporters are seeking new markets in Asia, such as Japan and South Korea, and selling their produce domestically due to increased logistics costs and extended inspection times.

  • Jollibee’s Record-Breaking Q4: Global Sales Soar, Boosted by Impressive Coffee and Tea Segment Growth

    Jollibee’s Record-Breaking Q4: Global Sales Soar, Boosted by Impressive Coffee and Tea Segment Growth

    In a solid display of global retail growth, Jollibee Group (JFC) concluded its financial year of 2025 with impressive fourth-quarter earnings and continued expansion worldwide. The group successfully enhanced its store network and achieved robust growth in both domestic and international markets.

    Driving Factors behind Growth

    JFC’s CEO, Ernesto Tanmantiong, credited the sturdy consumer demand as a key element propelling growth. The company saw a considerable rise in its consolidated revenue, with a 9.8 per cent increase in the fourth quarter and a 13 per cent upturn for the entire financial year.

    Tanmantiong noted, “The impressive sales momentum we experienced during the fourth quarter led to an even more significant expansion in our operating income, which saw a 41.9 per cent growth for the quarter. This signifies our strongest fourth-quarter operating performance in JFC’s history.”

    The company’s systemwide sales for the whole year exhibited a 16.6 per cent growth, with notable contributions stemming from both the Philippine and international businesses.

    Performance of Different Segments

    The coffee and tea segment played a pivotal role in driving growth, recording a 44.9 per cent surge in revenue. This was mainly backed by successful brands such as Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, and Compose Coffee.

    Vietnam, being JFC’s biggest overseas market in terms of store count, reflected a substantial sales growth of 40.4 per cent and a same-store sales growth of 23.9 per cent.

    Additionally, other international markets demonstrated significant gains, including Jollibee in the US with a 17.3 per cent growth, and the EMEAA region, where Philippine brands saw a 22.1 per cent increase.

    In the domestic market, the Philippines, JFC marked a sales surge of 9.6 per cent, bolstered by core brands such as Jollibee, Chowking, and Mang Inasal, which grew 10.4 per cent, 6.1 per cent, and 15.6 per cent, respectively.

    Expansion of Store Network

    Over the course of the past year, JFC launched 1126 new stores, elevating its total store count to 10,341.

    Looking ahead, Tanmantiong expressed the group’s commitment to maintaining profitable growth, enhancing operational efficiency, and generating long-term value for stakeholders in the forthcoming fiscal year.

    Questions & Answers

    What contributed to Jollibee Group’s growth in FY25?
    Steady consumer demand, an expanded store network, and growth in both domestic and international markets contributed to Jollibee Group’s growth in FY25.

    Which segment played a pivotal role in driving Jollibee Group’s revenue growth?
    The coffee and tea segment was a key driver of Jollibee Group’s revenue growth, with successful brands like Highlands Coffee, The Coffee Bean & Tea Leaf, Milksha, and Compose Coffee leading the way.

    What is Jollibee Group’s focus for the upcoming fiscal year?
    Jollibee Group aims to sustain profitable growth, enhance operational efficiency, and create long-term value for its stakeholders in the upcoming fiscal year.

  • Funday and Barbie Unveil ‘Berry Kisses’ Gummies: Experience Fun and Wellness in a Bite!

    Funday and Barbie Unveil ‘Berry Kisses’ Gummies: Experience Fun and Wellness in a Bite!

    Funday, a popular confectionery company, has joined forces with Mattel’s iconic doll brand, Barbie, to introduce a new product titled ‘Berry Kisses’. These gummies are infused with a mixed berry flavour, inspired by Barbie’s bright and playful theme.

    Details about the Collaboration

    The highly anticipated gummies are characteristically shaped like kisses and boast a natural pink hue from red radish extract. The product has been formulated with prebiotic fibre and other gluten-free ingredients, ensuring that it does not contain any added sugar. This combination of elements makes ‘Berry Kisses’ a healthy and delicious snack option.

    Founder of Funday, Daniel Kitay, expressed his excitement about this unique collaboration. He commended the partnership for its joyous, bold, and playful nature that allows Funday to explore Barbie’s vibrant world. Yet, he pointed out that the collaboration aligns with Funday’s core values.

    Availability and Pricing

    This new product will be sold in 50g bags with a recommended retail price (RRP) starting from $4.50. The ‘Berry Kisses’ gummies will initially be available online and at Chemist Warehouse from March. Subsequently, they will be rolled out to Woolworths, Ritchies, and independent grocers nationwide in April.

    Last month, Funday expanded its product portfolio by venturing into the chocolate category, further demonstrating its commitment to providing diverse and creative confectionery options.

    Questions & Answers

    What are the main features of the ‘Berry Kisses’ gummies?
    The gummies are shaped like kisses, with a natural pink colour derived from red radish. They are formulated with prebiotic fibre, gluten-free ingredients, and contain no added sugar.

    When and where will the ‘Berry Kisses’ gummies be available?
    They will first be available online and at Chemist Warehouse from March. Starting April, they will be rolled out to Woolworths, Ritchies, and independent grocers nationwide.

    What new category did Funday venture into recently?
    Funday recently launched products in the chocolate category.

  • End of an Era: T2 Tea Shutters Last Singapore Stores, Signaling Market Withdrawal

    End of an Era: T2 Tea Shutters Last Singapore Stores, Signaling Market Withdrawal

    T2 Tea has announced that it will be shutting down its remaining three stores in Singapore, bringing an end to a nine-year presence in the market. The closures, which will occur between March 20 and 25, involve outlets located in VivoCity, 313@Somerset, and Suntec City. The company has been offering substantial discounts of up to 70% off as part of its closing sales, details of which have been widely shared across various social media platforms.

    Established in 1996, T2 Tea, originally based out of Melbourne, was purchased by Unilever in 2013 for a reported sum of approximately $60 million. In 2022, the company underwent another shift in ownership when Unilever sold its tea division to the private equity firm, CVC Capital Partners. The division was subsequently renamed as Lipton Teas and Infusions.

    T2 faced significant changes in 2023, shortly after the deal with CVC Capital Partners. The company decided to close its operations in the UK and the US to concentrate its efforts on markets in Australia, New Zealand, and Singapore. The move was a response to the “unprecedented changes” that had been experienced in the previous years.

    T2 Tea had a substantial footprint in Asia, with retail partnerships in the Philippines and a flagship e-commerce platform in Mainland China. Leaf Beverages, its official retailer in the Philippines, operates from kiosks and shopping centers. Meanwhile, the company primarily used the Tmall Global Flagship platform to distribute its products in China.

    Multiple local news reports have covered the story of the brand’s departure from the region. A spokesperson for the business informed a popular news outlet that the stores will be closing “indefinitely”. However, the spokesperson also noted that the brand would be open to assessing potential opportunities to make a comeback in the Singaporean market in the future. T2 Tea has been contacted for additional comments regarding the closure.

    Questions & Answers

    Why is T2 Tea closing its outlets in Singapore?
    The decision to close the outlets comes as part of a strategic shift for the company, although specific reasons behind their exit from the Singaporean market have not been disclosed.

    What were the major changes that T2 Tea experienced?
    In 2023, T2 Tea decided to close its operations in the UK and the US to concentrate on markets in Australia, New Zealand, and Singapore. This move was in response to “unprecedented changes” the company had been facing.

    Could T2 Tea re-enter the Singaporean market in the future?
    While the stores are closing “indefinitely”, a spokesperson for the business has noted that the company would be open to evaluating potential opportunities to return to Singapore in the future.

  • Sudden Closure: Itacho Sushi Bids Farewell to Singapore, Winding Up Operations Following Founder’s Death

    Sudden Closure: Itacho Sushi Bids Farewell to Singapore, Winding Up Operations Following Founder’s Death

    Itacho Sushi, a restaurant chain originally established in Hong Kong, has abruptly shut down all its branches in Singapore. The unexpected closure was brought to light when the brand’s outlets at Ion Orchard, Bugis Junction, The Star Vista, and Novena Square 2 were listed as permanently closed on Google Maps.

    The sushi chain first launched in Singapore in July 2009. Since then, it has been a popular choice for sushi enthusiasts in the city. However, it was recently discovered that the company’s website and its respective social media channels for the Singapore branches have been deactivated, fueling speculation about its closure.

    Interestingly, the closure of outlets in Singapore follows the company’s departure from its home turf, Hong Kong. Itacho Sushi, which is under the ownership of Taste of Japan Group, has been gradually ceasing its operations since the passing of its founder, Ricky Cheng, in April 2024, who was 57 at his time of death.

    Taste of Japan Group is remembered for running other notable food chains including Itamae Sushi, Ajisen Ramen, Pancake House, and Sushi Raku. The current status of these franchises remains uncertain following the closure of Itacho Sushi.

    Questions & Answers

    When did Itacho Sushi make its debut in Singapore?
    Itacho Sushi was launched in Singapore in July 2009.

    Why are there speculations about Itacho Sushi’s closure in Singapore?
    The speculations arose when Itacho Sushi’s outlets in Singapore were listed as permanently closed on Google Maps. Additionally, the company’s website and Singapore-specific social media channels have been deactivated.

    Who was the founder of Itacho Sushi and when did he pass away?
    The founder of Itacho Sushi was Ricky Cheng, who passed away in April 2024 at the age of 57.

  • Dingdong Appoints Song Wang as New CEO: A Fresh Leadership in Chinese E-Grocery Space

    Dingdong Appoints Song Wang as New CEO: A Fresh Leadership in Chinese E-Grocery Space

    Dingdong, a fresh grocery e-commerce organization, recently announced the appointment of Song Wang as its new CEO. This change in leadership comes after Changlin Liang, the company’s founder, stepped down from his role as CEO, though he will maintain his position as chairman of the board.

    Experience in Leadership

    Before stepping into his new role, Wang has been a part of Dingdong since 2023 and held several significant leadership positions within the company. He has served as SVP, CFO, and director. Additionally, last year, Wang was named the chairman of the Dingdong Guyu Business Group, a division of the company focusing on private-label products.

    According to Dingdong, Wang’s involvement in crucial sectors of the company such as product development, supply chain construction, and financial strategy has been invaluable. The e-commerce firm lauds his strong leadership skills within finance and operations.

    Future Plans for Dingdong

    Upon his appointment, Wang expressed his intentions to continually prioritize enhancement of the product and supply chain abilities of the business. He emphasized his commitment to work with his team to build on the company’s differentiated product strengths and enhance supply chain capabilities. He also pledged to uphold Dingdong’s user-centric service philosophy.

    Questions & Answers

    Who has been appointed as the new CEO of Dingdong?
    Song Wang has been appointed as the new CEO of Dingdong.

    Who did Song Wang replace as CEO?
    Song Wang replaced Changlin Liang as CEO, who remained as the chairman of the board after his resignation.

    What are Song Wang’s plans for the future of Dingdong?
    Wang plans to focus on enhancing the company’s product strengths and supply chain capabilities. He has pledged to uphold the company’s user-centric service philosophy.

  • Starbucks Reaches New Heights: Unveils Asia’s Highest Coffeehouse on Vietnam’s Fansipan Peak

    Starbucks Reaches New Heights: Unveils Asia’s Highest Coffeehouse on Vietnam’s Fansipan Peak

    Starbucks has inaugurated a new outlet at the peak of Fansipan, making it the highest Starbucks branch in Asia.

    Location and Significance

    Positioned 3063 meters above sea level, the store is a part of the Sun World Fansipan Legend tourism complex in Sa Pa, located in the northern region of Vietnam. This new Starbucks outlet not only broadens the company’s presence in popular tourist destinations, but also signifies another milestone in its market expansion.

    Regarding this notable accomplishment, Chi Nguyen, Starbucks Vietnam’s Public Affairs Manager, stated, “This achievement signifies the unwavering support from our customers and partners. The store, with its stunning location and design that embraces both the local culture and Starbucks’ craftsmanship, will unquestionably become a must-visit spot for travelers from Vietnam and from around the globe.”

    Design and Décor

    The design of the outlet draws inspiration from architectural elements typical of Sapa. The exterior showcases a sage-green facade and integrates local textiles. In contrast, the interior utilizes wood textures, neutral tones, and greenery to replicate the surrounding highland scenery.

    Additionally, a personalized sandblasted glass artwork positioned above the bar illustrates the contours of Fansipan and Vietnam’s coffee-growing regions. The seating areas are purposefully arranged to provide visitors with a panoramic view of the surrounding mountains.

    New Beverage Introduction

    To celebrate the inauguration, Starbucks Vietnam has launched a limited-time Cloud Macchiato beverage series. These beverages will be available in both hot and iced versions at Starbucks outlets throughout the nation.

    Starbucks made its first entry into Vietnam in 2013, opening in Ho Chi Minh City. The brand now boasts over 150 stores spread over 25 cities and provinces in the country.

    Questions & Answers

    Where is the highest Starbucks store in Asia?
    The highest Starbucks store in Asia is located at the peak of Fansipan in northern Vietnam.

    What unique design elements does the Fansipan Starbucks store feature?
    The Fansipan Starbucks store embraces local architectural influences, featuring a sage-green exterior that incorporates local textiles. The interior uses wood textures, neutral tones, and greenery to reflect the surrounding highland landscape.

    What special beverage series has Starbucks Vietnam introduced to celebrate the new store opening?
    To commemorate the opening of the new store, Starbucks Vietnam has introduced a limited-time Cloud Macchiato beverage series, available in both hot and iced versions.

  • End of an Era: Fonterra’s CEO Miles Hurrell Set to Bid Adieu After 25-Year Tenure

    End of an Era: Fonterra’s CEO Miles Hurrell Set to Bid Adieu After 25-Year Tenure

    Miles Hurrell, the Chief Executive Officer of Fonterra, will be ending his tenure in December after serving the corporation for 25 years.

    Hurrell’s Journey in Fonterra

    Mr. Hurrell was appointed as the co-operative’s CEO in 2018, a period that marked a significant revamp in the organization’s financial performance and the rebuilding of trust with its farmer partners. His strategic focus was primarily on New Zealand-sourced milk, a shift from Fonterra’s previous international expansion approach.

    Under the stewardship of Hurrell, the team accomplished more than what was expected. According to Fonterra’s Chairman, Peter McBride, Hurrell’s leadership played a vital role in aligning the team with a common objective and enhancing the overall business performance, thereby laying a solid foundation for Fonterra’s future endeavours.

    Leadership Transition

    Mr. McBride stated that Hurrell had given a notice period of six months, allowing sufficient time for a well-planned transition of leadership. He mentioned that the discussion of succession is a regular part of board and management meetings, reflecting good governance practices.

    McBride also expressed confidence in the board’s ability to carry out a fair and rigorous selection process to appoint the new CEO in the forthcoming months.

    Fonterra’s Recent Business Ventures

    In other recent developments, Fonterra announced last week that the sale of its Mainland consumer business is on track to be finalized within the month as the deal has now become unconditional.

    Questions & Answers

    What has been the focus of Miles Hurrell’s strategy as CEO of Fonterra?

    Hurrell’s strategy was primarily focused on promoting New Zealand-sourced milk, deviating from Fonterra’s past focus on international expansion.

    What is the process for selecting the new CEO of Fonterra?

    The selection of the new CEO will be carried out through a robust and rigorous selection process by the board and management in the coming months.

    What is the recent business venture of Fonterra?

    Fonterra recently announced that the sale of its Mainland consumer business is set to be completed within the current month.

  • Aussie Beverage Sector Toasts to a Profitable Summer Despite Economic Hurdles

    Aussie Beverage Sector Toasts to a Profitable Summer Despite Economic Hurdles

    Despite global economic instability and the strain of domestic living costs, Australia’s food and beverage manufacturers experienced a surge in revenue during last summer, according to the most recent Manufacturing Health Index published by Unleashed Software. This upturn in profits, especially during the holiday season, highlights the continued demand for premium Australian-made consumer goods.

    Boost in Manufacturing Sector

    The survey, which compiled data from over 500 local manufacturing companies spanning various sectors, including food and beverage, clothing and fashion, and construction, revealed a significant increase in average earnings for beverage manufacturers. The final quarter of the year saw an average revenue of $627,000, marking an almost $200,000 rise from the previous quarter. This peak in earnings is the highest ever reported since Unleashed Software began its data collection. Simultaneously, the gross profit margin also experienced a surge, climbing to 35.9% from 31.9% in the previous quarter and 27.8% in the same period of the prior year.

    In the food sector, the average revenue reached $709,831, slightly lower than the $733,000 recorded in the third quarter but significantly higher than the $546,229 reported in the same quarter of the previous year.

    Shifting Inventory Strategies

    The report also indicates that Australian manufacturers are modifying their inventory strategies to accommodate tightening supply cycles. While businesses in Australia are fine-tuning inventory levels, their counterparts in the UK and New Zealand are boosting restocking.

    Jarrod Adam, the head of product at Unleashed Software, explains that there is a noticeable shift towards just-in-time replenishment in Australia. Companies are not hoarding cash in inventory but are buying precisely what they need to meet immediate demand. The construction sector, in particular, shows a marked shift towards this inventory model.

    Adam further highlights the critical role of technology in enhancing productivity and managing these tighter cycles to prevent stock shortages during periods of heightened demand without compromising efficiency.

    The Continued Impact of Interest Rates and Energy Costs

    The manufacturing sector’s performance in the coming year is expected to be influenced significantly by interest rates. In February, the Reserve Bank of Australia (RBA) hiked the cash rate to 3.85%, marking the first increase since a period of consistent rate holding or reduction in 2025. The RBA anticipates inflation to top out at about 4.2% mid-year before settling back down to the 2.5% midpoint target by mid-2028.

    Rising energy costs might also lead to higher material and transportation expenses, exerting additional pressure on company margins. Modifications to shipping operations could potentially impact lead times. Despite these challenges, manufacturers are shifting their focus from cost management to the expansion of operations. Firms are increasingly employing automation and real-time data systems to manage purchasing cycles. While smaller companies may be more susceptible to global economic fluctuations, they may also be better positioned to adapt their operations swiftly.

    Questions & Answers

    What caused the rise in revenue for Australia’s food and beverage manufacturers during the previous summer?
    The increase in revenue for Australia’s food and beverage manufacturers during the previous summer was primarily due to the continued demand for high-quality, Australian-made consumer goods, despite global economic instability and domestic cost-of-living pressures.

    How are Australian manufacturers adjusting their inventory strategies?
    Australian manufacturers are modifying their inventory strategies to cope with tightening supply cycles. The shift towards just-in-time replenishment allows companies to avoid keeping cash tied up in inventory by purchasing precisely what they need to meet immediate demand.

    What factors are expected to influence the performance of the manufacturing sector in the future?
    The future performance of the manufacturing sector is expected to be significantly influenced by interest and energy rates. Rising energy costs might lead to higher material and transportation expenses, exerting additional pressure on company margins. Interest rates are also expected to remain a key factor, with the Reserve Bank of Australia recently increasing the cash rate.

  • Pickup Coffee Eyes Explosive Growth with Anticipated $8M Funding Boost from Convertible Notes

    Pickup Coffee Eyes Explosive Growth with Anticipated $8M Funding Boost from Convertible Notes

    Pickup Coffee, a budget coffee chain based in the Philippines, is reportedly seeking additional funding. This endeavor includes issuing up to $8 million in convertible notes to Venturi Partners and new investor Antler.

    The Equity Fundraising

    It is believed that this equity fundraising could potentially bring in an extra $20 to $40 million. Reports suggest that this process was successfully finalized a few months earlier.

    The Birth of Pickup Coffee

    Pickup Coffee was founded in 2022 by Diego Lorenzo and Jamie Fernandez. Initially, it operated as a delivery-only coffee brand. However, the business eventually transitioned to a hybrid model, launching food-truck-style stalls. This innovative format allowed Pickup Coffee to sell its beverages at prices lower than those usually seen in traditional coffee chains.

    Menu Offerings

    Pickup Coffee’s menu offers a range of traditional coffee drinks, iced teas, hot chocolates, and unique specialty mixes. The latter includes the Ube Latte, Iced Pistachio Milk, and Avocado Latte.

    Company Growth

    Since its launch, Pickup Coffee has seen significant growth. The company has opened approximately 500 stores in the Philippines and has broadened its reach on an international scale, establishing 50 outlets in Mexico.

    The new capital injection is predicted to help support Pickup Coffee’s expansion plans. The company is concentrating on fortifying its operations in existing markets.

    Questions & Answers

    Who are the founders of Pickup Coffee?
    Diego Lorenzo and Jamie Fernandez founded Pickup Coffee.

    What is Pickup Coffee’s business model?
    Initially, Pickup Coffee operated as a delivery-only coffee brand. However, the business eventually transitioned to a hybrid model, launching food-truck-style stalls, which allows them to offer drinks at lower prices than traditional coffee chains.

    What is the purpose of the additional funding that Pickup Coffee is seeking?
    The new capital injection is predicted to help support Pickup Coffee’s expansion plans, particularly focusing on strengthening its operations in existing markets.

  • Sunshine Bakeries Unveils Limited Edition Musang King Durian Milk Bun: A Taste of Premium Durian Season in Every Bite!

    Sunshine Bakeries Unveils Limited Edition Musang King Durian Milk Bun: A Taste of Premium Durian Season in Every Bite!

    Sunshine Bakeries, a renowned bread manufacturer from Singapore, is gearing up to introduce its Musang King durian milk buns to the market on March 20, just before the onset of the durian season. The new delicacy will be available across leading supermarkets and convenience stores in Singapore, promising a unique flavor fusion for food connoisseurs.

    Features of the New Snack

    The Musang King durian milk bun boasts of authentic Musang King durian filing, derived from the scarce early-March harvest. The durian filing is beautifully complemented by Sunshine Bakeries’ famed Hokkaido Milk bun, offering a blend that is expected to win the hearts of durian lovers.

    The company has priced the bun at SGD2.50 (US$1.97). However, it’s important to note that the product will be available in limited quantities each day, considering the restricted availability of early-season yields.

    A Taste of the Season’s First Harvest

    Michelle Ang, chief marketing officer at Sunshine Bakeries, expressed her excitement about the product launch. She said, “Durian fans have a year-long desire for the fruit. By introducing the Musang King Durian Milk Bun, we aim to offer them a sneak peek into the first harvest of the season.”

    According to the company, the bun promises the highest standard of durian indulgence that is rich, custard-like, and aromatic.

    About Musang King Durian

    Musang King is a top-tier variety of durian, predominantly cultivated in Malaysia. It has gained considerable recognition this year, having been included in the list of the 25 best-rated fruits in Southeast Asia. The selection was made based on votes cast by readers of an international food magazine in February.

    Questions & Answers

    When will Sunshine Bakeries start selling the Musang King durian milk buns?
    The Musang King durian milk buns will be available from March 20.

    Where can customers purchase the Musang King durian milk buns in Singapore?
    The new snack will be available across leading supermarkets and convenience stores in Singapore.

    What is special about the Musang King durian milk bun?
    The bun features authentic Musang King durian filling derived from the early-March harvest, paired with Sunshine Bakeries’ signature Hokkaido Milk bun. The company promises a rich, custard-like, and aromatic indulgence with this new product.

  • Perth Welcomes Australia’s First Buffalo Milk Ice Cream: A Delectable Quindanning Buffalo and Mica Creamery Collaboration

    Perth Welcomes Australia’s First Buffalo Milk Ice Cream: A Delectable Quindanning Buffalo and Mica Creamery Collaboration

    Western Australia is about to get its first taste of buffalo milk ice cream, thanks to a new collaboration between Quindanning Buffalo and Mica Creamery.

    The limited-edition dessert is set to hit Mica Creamery stores across Perth from March 13. The product is produced in small quantities, using buffalo milk sourced locally. Ice cream enthusiasts can look forward to two tantalising flavours, Classic Vanilla and Rich Hazelnut Chocolate.

    Buffalo Milk: A Creamier Alternative

    Buffalo milk is renowned for its natural creaminess, a characteristic that lends itself well to the creation of exceptional dairy products. Its higher fat content compared to cow’s milk results in a denser and creamier texture, enhancing the overall taste and experience.

    Speaking on the collaboration, Graeme Carthy, owner of Quindanning Buffalo, expressed his enthusiasm about the partnership with Mica. He stated that Mica shared Quindanning Buffalo’s commitment to quality and artisanal products, making them an ideal partner to bring this unique ice cream to the residents of Perth.

    This joint venture is more than just the creation of a new ice cream flavour. It represents an opportunity for buffalo milk, a less common ingredient in Australia, to be introduced to a wider retail audience.

    Questions & Answers

    What is unique about the new ice cream product?
    The new ice cream is unique as it is the first in Western Australia to be made from buffalo milk, which is known for its natural creaminess and higher fat content.

    Where and when will the buffalo milk ice cream be available?
    The buffalo milk ice cream will be available at Mica Creamery stores across Perth from March 13.

    Why did Quindanning Buffalo choose to partner with Mica Creamery for this product?
    Quindanning Buffalo chose to partner with Mica Creamery as they share a passion for quality and artisanal products. The collaboration aims to introduce buffalo milk to a wider retail audience through this unique ice cream product.

  • US Bourbon Brands Joseph Magnus & Fox & Oden Make Australian Splash: Unveiling Four Exceptional Expressions

    US Bourbon Brands Joseph Magnus & Fox & Oden Make Australian Splash: Unveiling Four Exceptional Expressions

    CraftCo Brands, a renowned American spirits company, has announced plans to bring its prestigious bourbon labels, Joseph Magnus & Co and Fox & Oden, to Australian markets. The venture will be realized through an exclusive distribution deal with Honey Barrel.

    The first batch set to grace Australian shores includes four distinctive expressions: Joseph Magnus Cigar Blend Bourbon, Murray Hill Club Bourbon, Jos A Magnus Bourbon, and Fox & Oden Double Oak Bourbon.

    Strategic Entry into Australian Market

    Ali Anderson, the CEO of CraftCo Brands, revealed that the move into Australia is a calculated strategy, given the country’s deep-rooted whiskey knowledge and high standards. He stated that the entrance into the Australian market is far from casual, considering the heightened expectations and sophisticated whiskey knowledge present.

    The CEO further emphasized that Joseph Magnus and Fox & Oden are designed on a foundation of blending precision combined with expert finishing. He expressed his belief that the Australian consumers will highly appreciate this level of craftsmanship.

    Distinctive Flavors and Expert Craftsmanship

    CraftCo has an impressive reputation for its Joseph Magnus range, particularly for its blending and cask-finishing techniques. On the other hand, Fox & Oden Double Oak stands out for its intricate barrel selection process and secondary maturation, which significantly contributes to the development of its unique flavor profile.

    Honey Barrel’s Kia Rasteh and Jack Carter expressed their confidence in the brands and their anticipation for the collaborative endeavor with the CraftCo team. They disclosed their long-standing admiration for the brands and their reputation for crafting memorable, high-quality whiskeys through expert blending and finishing.

    The duo also acknowledged Australia’s world-class bar and whiskey culture, expressing their certainty that these expressions will secure their spot on top-tier back bars and retail shelves.

    Availability

    Starting this month, Joseph Magnus & Co and Fox & Oden will be readily available through select premium retailers and on-premise venues nationwide.

    Questions & Answers

    What is the strategy behind CraftCo Brands’ entry into the Australian market?

    CraftCo Brands views Australia as a strategic market due to its deep whiskey knowledge and high standards. The company believes the Australian consumers will appreciate the high level of craftsmanship in their products.

    What are the distinctive characteristics of the Joseph Magnus and Fox & Oden brands?

    Joseph Magnus is known for its expert blending and cask-finishing techniques while Fox & Oden Double Oak is renowned for its intricate barrel selection process and secondary maturation, contributing to its unique flavor profile.

    Where will Joseph Magnus & Co and Fox & Oden be available in Australia?

    Beginning this month, these brands will be available at select premium retailers and on-premise venues nationwide in Australia.

  • 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.