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Tag: double

  • Tim Ho Wan Set to Double Taiwan Presence by 2030: A Growth Strategy Focused on Convenient Dining

    Tim Ho Wan Set to Double Taiwan Presence by 2030: A Growth Strategy Focused on Convenient Dining

    Tim Ho Wan, under the ownership of Jollibee Group, is set to expand its retail footprint in Taiwan by doubling its store count from 16 to 32 by 2030. This growth strategy will be spearheaded by Hoyii Life, Tim Ho Wan’s Taiwan franchise partner, in line with Jollibee Group’s ongoing objectives for international growth via franchising.

    Strengthening Presence in Established Markets

    Taiwan holds a significant place in Tim Ho Wan’s international market portfolio, having been operational in the region since 2015. The planned expansion is not merely numerical, but also includes the introduction of a fresh store format. This new concept aims to cater to customers who prefer quicker and more accessible dining solutions.

    Lee Yeong Sheng, the CEO of Tim Ho Wan, expressed confidence in the brand’s future growth in Taiwan, attributing this optimism to the brand’s strong standing, the proficiency of the Taiwan franchisee, and the long-term potential of the market. He further elaborated, “The novel concept store layout that we are planning to test run in Taiwan is aimed at engaging with an increasingly mobile consumer base and gathering insights that can bolster Tim Ho Wan’s expansion in other markets.”

    A Journey from Hong Kong to the World

    Jollibee Foods Corporation took complete control of Tim Ho Wan in November 2024, purchasing the remaining 8 per cent stake in Titan Dining LP for SG$20.2 million (US$15.1 million). This acquisition brought the dim sum brand, which originated in Hong Kong in 2009, directly under the umbrella of Jollibee’s portfolio. As of now, Tim Ho Wan operates over 80 restaurants globally, spanning several international markets.

    Questions & Answers

    What is the plan for Tim Ho Wan’s expansion in Taiwan?
    Tim Ho Wan, partnering with its Taiwan franchisee Hoyii Life, plans to double its store count from 16 to 32 by the year 2030.

    What is the idea behind the new store format?
    The new store format is designed to cater to customers who prefer quicker and more accessible dining solutions. The concept is set to be pilot tested in Taiwan.

    When did Jollibee Foods Corporation take full control over Tim Ho Wan?
    Jollibee Foods Corporation assumed complete ownership of Tim Ho Wan in November 2024.

  • Lactalis Australia Enriches Pauls Dairy Line with Double Espresso Caramel and Summer Berries Flavours

    Lactalis Australia Enriches Pauls Dairy Line with Double Espresso Caramel and Summer Berries Flavours

    Lactalis Australia has recently introduced two novel tastes to their high-protein dairy line, Pauls. The fresh offerings, Double Espresso Caramel and Summer Berries, add an exciting twist for consumers.

    The introduction of Double Espresso Caramel and Summer Berries is a thrilling addition to Pauls’ high-protein dairy line. Sold in convenient 400ml bottles, each serving delivers an impressive 30g of protein. These new flavors not only promise a burst of taste but also health benefits, as the company maintains that Paul’s flavored milk range is low in fat and contains no added sugar.

    A spokesperson for Lactalis Australia expressed the company’s enthusiasm for the launch, acknowledging that the new flavors build upon the successful range, providing even more variety for Australians in search of tasty, functional dairy products.

    The representative reaffirmed the company’s commitment to innovation and growth, stating, “Here at Lactalis Australia, we’re proud to continue diversifying our product portfolio to respond to the shifting needs and preferences of our consumers.”

    Questions & Answers

    What new flavors has Lactalis Australia added to their high-protein dairy range, Pauls?
    Pauls has introduced two new flavors to their high-protein dairy line: Double Espresso Caramel and Summer Berries.

    What are the health benefits of Pauls’ flavored milk range?
    Each serving of Pauls’ flavored milk contains 30g of protein. The range is also low in fat and free from added sugars.

    What is Lactalis Australia’s commitment in terms of their product range?
    Lactalis Australia is committed to continually innovating and expanding their product portfolio to meet the evolving needs and preferences of their consumers.

  • Tarago Cheese Unveils Shadows Of White: A New Double Cream Brie With A Unique Flavor Profile

    Tarago Cheese Unveils Shadows Of White: A New Double Cream Brie With A Unique Flavor Profile

    Tarago Cheese, known for its Shadows series, has announced the launch of a new product named Shadows of White. This double cream brie will be available for purchase nationwide starting this month.

    Shadows of White: A New Addition to the Tarago Cheese Lineup

    Shadows of White is manufactured in Gippsland and boasts a mousse-like texture and a white mould rind, thanks to its unique production process. The brie is made using additional cream sourced from a local farm and is matured for a duration of four weeks through traditional methods.

    The flavour profile of Shadows of White is complex and intriguing. Among the flavors represented are straw, pine nuts, and a subtle tang, all rounded off with a soft, creamy finish. Designed with casual dining and cheese board additions in mind, this brie is best enjoyed with fresh bread, seasonal fruits, nuts, and white wine.

    Availability and Pricing

    Shadows of White will be made available in 150g cut-and-wrap wedges at a recommended retail price of $10. These will be available for purchase at Coles, Woolworths, and IGA. Additionally, 1.5kg wheels of the cheese will be sold at select delis and independent grocers, with an approximate price of $70 per kilogram.

    Historically, Tarago River Cheese became a part of Moondarra Cheese in 2023, paving the way for a greater variety of cheeses for consumers to enjoy.

    Questions & Answers

    What is the new product launched by Tarago Cheese?
    Tarago Cheese has introduced a new product named Shadows of White, which is a double cream brie.

    What unique flavors does Shadows of White boast?
    Shadows of White features notes of straw, pine nuts, and a slight tang, culminating in a soft, creamy finish.

    Where can consumers find Shadows of White for purchase?
    Shadows of White can be found in stores such as Coles, Woolworths, and IGA, as well as at selected delis and independent grocers.

  • Decathlon Aims To Double Indian Procurement, Boosting Local Manufacturing

    Decathlon Aims To Double Indian Procurement, Boosting Local Manufacturing

    Decathlon, the renowned French sports goods company, has disclosed its ambitious plans to double its procurement of goods from India, aiming to reach a monetary value of $3 billion in the next five years. This strategic move will enhance India’s contribution to the company’s global sourcing to 15 per cent by 2030.

    Driving Expansion with High-Potential Categories

    The intended increase in sourcing from India is set to be propelled by categories of high potential, such as fitness equipment, footwear, and clothing. As of now, India accounts for 8 per cent of Decathlon’s global sourcing volumes.

    Decathlon boasts a long-standing sourcing relationship with India, spanning over 25 years. The company predicts that by 2030, locally sourced products will constitute 90 per cent of its sales in the Indian market, marking a significant rise from the current rate of over 70 per cent.

    Strong Support from Domestic Operations

    Decathlon’s operations within India are robust, supported by 113 manufacturing sites, 83 suppliers, and seven production offices. The company also showcases solo categories like yoga and cricket, which are designed and manufactured domestically.

    Frederic Merlevede, the head of Decathlon production, expressed confidence in the company’s strategic investment in India. He said, “Our long-term investment in India reflects the profound trust we have established with our partners.” Merlevede also stated their clear ambition to position India as one of Decathlon’s leading global manufacturing hubs as the company continues to grow.

    At present, Decathlon runs 132 retail stores across 55 cities in India.

    Questions & Answers

    What are Decathlon’s expansion plans in India?
    Decathlon plans to double its sourcing of goods from India, aiming for a monetary value of $3 billion over the next five years.

    Which categories are expected to drive this expansion?
    The expansion is expected to be driven by high-potential categories such as fitness equipment, footwear, and clothing.

    What is Decathlon’s future vision for its operations in India?
    Decathlon aims to increase the representation of domestic products in its sales to 90% by 2030. Furthermore, the company aims to make India one of its main global manufacturing hubs.