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  • Every Halfs $8M Series A Brews Excitement for Vietnamese Coffee Sector Expansion

    Every Halfs $8M Series A Brews Excitement for Vietnamese Coffee Sector Expansion

    Every Half, a Vietnamese coffee chain, recently raised $8 million in a Series A funding round with participation from current investors Openspace Capital and DSG Consumer Partners. This funding will be utilized to fuel the company’s expansion across Vietnam, enhance its vertically integrated supply chain, and extend its packaged coffee business.

    Diversifying Operations and Expanding Reach

    Simultaneously, the company is diversifying its portfolio beyond traditional coffee shops. It is investing in coffee farming, proprietary fermentation technologies, e-commerce, and business-to-business distribution. Currently, 36 stores are operating under the Every Half umbrella in various Vietnamese cities such as Ho Chi Minh City, Hanoi, Danang, and Hoi An. The company is predicted to nearly triple its revenue this year. In addition to its in-store offerings, Every Half has broadened its consumer product selection, selling roasted coffee beans and brewing tools online and exporting to countries like Singapore, Thailand, and Taiwan.

    The recent funding round builds upon prior investments made by Openspace and DSG Consumer Partners, following an undisclosed seed round in 2024 and a pre-Series A financing round worth $3 million last year.

    Every Half was established in 2021 by ex-executives of The Coffee House, Vo Duy Phu and Tran Le Minh Truc. The company aims to promote Vietnamese specialty coffee globally through a business model that covers sourcing, processing, roasting, and retailing.

    Transforming Vietnamese Coffee Industry

    When Openspace invested in Every Half in 2024, it praised the company’s vision of transforming Vietnamese coffee from a simple exported commodity into a globally recognized premium brand. The investment firm also praised the founders’ expertise in coffee sourcing, product development, and retailing. DSG Consumer Partners shared a similar sentiment, highlighting the company’s focus on specialty coffee, sustainable sourcing, and brand building as primary drivers of its long-term growth.

    Questions & Answers

    What will the recently secured funds be used for by Every Half?
    The funds will be used to accelerate Every Half’s expansion across Vietnam, deepen investment in its vertically integrated supply chain, and scale its packaged coffee business.

    What diversification strategies is Every Half employing?
    Every Half is expanding its operations beyond cafes to include coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

    What was the vision behind the founding of Every Half?
    Founded by Vo Duy Phu and Tran Le Minh Truc, Every Half was created with the aim of showcasing Vietnamese-grown specialty coffee on a global scale, traversing operations from sourcing, processing, and roasting to retail.

  • Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Vietnamese coffee brand, Every Half, has recently raised a total of US$8 million in a Series A funding round. The considerable investment comes courtesy of existing investors Openspace Capital and DSG Consumer Partners.

    The new capital will be used to facilitate comprehensive expansion across Vietnam, as well as deepening the company’s investment into its vertically integrated supply chain. Plans are also in place to increase the reach of its packaged coffee business.

    Diversifying the Coffee Sector

    Every Half is well on its way to extending its business operations beyond traditional cafes. The company is actively investing in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

    As of now, Every Half manages 36 stores in numerous locations including Ho Chi Minh City, Hanoi, Danang, and Hoi An. The company is projected to almost triple its revenue this year. In addition to this, it has expanded its range of consumer products. From selling roasted coffee beans and brewing equipment online to exporting to markets such as Singapore, Thailand, and Taiwan.

    The latest funding round builds on previous investments from Openspace and DSG Consumer Partners. This follows an undisclosed seed round in 2024 topped by a $3 million pre-Series A funding round last year.

    Every Half was established in 2021 by ex-The Coffee House executives Vo Duy Phu and Tran Le Minh Truc. The company’s primary aim is to promote Vietnamese-grown specialty coffee through a wide-ranging business model that covers sourcing, processing, roasting, and retail.

    In 2024, when Openspace made its initial investment, it expressed support for Every Half’s ambition to transform Vietnamese coffee from a mere commodity export into a globally recognized premium brand. This highlighted the founders’ extensive experience in coffee sourcing, product development, and retail.

    DSG Consumer Partners echoed this sentiment, emphasizing the firm’s focus on specialty coffee, sustainable sourcing, and brand building as essential drivers of its long-term growth potential.

    Questions & Answers

    What is the primary focus of Every Half?
    Every Half aims to transform Vietnamese-grown specialty coffee into a globally recognised premium brand.

    How does the company intend to use the funds from the recent Series A funding round?
    The brand plans to use the funds to facilitate expansion all over Vietnam and to deepen their investment in their vertically integrated supply chain.

    What are some of the additional business avenues Every Half is exploring?
    Every Half is diversifying with investments in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

  • AirAsia Launches New Ad Campaign “AirAsia: Always Making Every Moment Matter” Reinforcing On-Time Commitment

    AirAsia Launches New Ad Campaign “AirAsia: Always Making Every Moment Matter” Reinforcing On-Time Commitment

    Thai AirAsia has recently launched a fresh advertising initiative titled “AirAsia: Always Making Every Moment Matter”. This strategic move aligns perfectly with the arrival of the peak holiday period. The campaign emphasizes the airline’s unwavering dedication not only to timely departures and arrivals, but also to optimizing every single moment of their patrons’ travels. This optimization is achieved through well-planned flight timings, multiple schedules, and a broad network of routes, which all collectively contribute to an uninterrupted and enjoyable journey.

    AirAsia’s Commitment

    Tansita Akrarittipirom, the Director of Commercial at Thai AirAsia, discussed the surge in travel demand domestically and overseas as the year draws to a close. Akrarittipirom explained that the new ad campaign serves as a reminder of their brand’s solid assurance: the company doesn’t merely strive for timeliness, rather, they aim to make every instant of the journey remarkable.

    Akrarittipirom stated, “From the moment of planning to departure, due to the country’s extensive domestic route network and numerous international routes, to arrival, we aim to provide our guests with options that best suit their needs. We aspire to provide a service on board that leaves a lasting positive impression, highlighting our dedication to making every moment truly outstanding as a way of expressing gratitude to our guests for their faith in us.”

    The Campaign’s Message

    The campaign revolves around the narrative of a passenger who travels home on an AirAsia flight and ends up in a fervent disagreement with her boyfriend upon her return. He abruptly instructs her to “go wherever you want.” The passenger takes this as a cue to embark on a new journey of self-discovery, prompted by her flight’s perfectly timed arrival. With AirAsia accompanying her, she rediscovers her independence and creates unforgettable moments throughout her journey.

    Questions & Answers

    What is the key message of Thai AirAsia’s new advertising campaign?
    The main message of the campaign is AirAsia’s commitment to making every moment of the journey remarkable for its passengers, not just ensuring punctuality.

    What does AirAsia aim to provide to its guests according to Tansita Akrarittipirom?
    According to Akrarittipirom, AirAsia aims to provide options that best suit their guests’ needs, from planning through to arrival. Moreover, they aim to deliver a service that leaves a lasting positive impression.

    What is the story featured in the campaign?
    The campaign features the story of a passenger who ends up in a disagreement with her boyfriend upon returning home on an AirAsia flight. This conflict leads her to embark on a new journey of self-discovery, facilitated by AirAsia’s seamless travel experience.

  • Hermes Records Impressive Growth With €8 Billion Revenue In First Half Of Year

    Hermes Records Impressive Growth With €8 Billion Revenue In First Half Of Year

    Hermes, the esteemed French luxury brand, has demonstrated impressive sales growth in the first half of the current year. This surge in revenue was experienced across all regions as affluent customers continued their patronage of the brand’s distinguished leather products.

    The brand recorded a revenue of €8 billion (US$8.78 billion) for the half-year period concluding on June 30th. This performance marks an 8% increase in profits, calculated at a constant exchange rate when compared to the same timeframe in the previous year.

    Sales saw a 9% rise in the second quarter itself, which was bolstered by an excellent performance in the markets of the United States, Japan, and the Middle East.

    According to Hermes, the growth was widespread across all geographical regions, with each one reporting gains. Japan led the way with a robust 16% increase, followed by the Americas with a 12% rise. Sales in France experienced a 9% increase while Europe, excluding France, witnessed a 13% acceleration.

    Axel Dumas, the Executive Chairman of Hermes, has expressed his satisfaction, attributing the firm’s first-half success across all regions to the strength of the Hermes model.

    On behalf of the company, he expressed gratitude to all their customers for their continued trust and to all the employees for their dedication, adding, “We will continue to invest and recruit to ensure the group’s sustained success.”

    The primary driver of growth for Hermes is its core leather goods and saddlery division, which includes the highly coveted Birkin and Kelly bag lines. The brand also reported significant increases in the sales of jewellery and homeware. However, the sales of watches and perfumes exhibited a decline.

    Hermes has laid out plans to persist with investments in craftsmanship, to broaden production, and to reinforce its global retail presence in order to meet the escalating demand for its exclusive merchandise.

    Questions & Answers

    What was the revenue of Hermes for the first half of this year?
    The French luxury brand Hermes recorded a revenue of €8 billion (US$8.78 billion) for the first half of the year.

    Which regions showed significant growth for Hermes?
    Every geographical region posted gains for Hermes. Japan led with a 16% increase, followed by the Americas with a 12% rise. Sales in France experienced a 9% increase, whilst Europe, excluding France, witnessed a 13% rise.

    Which product categories drove the growth for Hermes?
    The primary growth driver for Hermes was its core leather goods and saddlery division, including the popular Birkin and Kelly bags. The brand also reported double-digit increases in jewellery and homeware.