Retail News CRM

Tag: Food chain

  • Vietnam food company acquires French poultry firm

    Vietnam food company acquires French poultry firm

    GreenFeed Vietnam, a Vietnamese food chain company, has acquired the Mekong Delta-based French chicken supplier LeBoucher. The value of the deal has not been disclosed.

    GreenFeed owns G Kitchen, a meat and processed products retailer. Quang Thanh Cuong, head of its food segment, said the acquisition would complement the company’s ecosystem with a new source of protein.

    LeBoucher, a poultry supplier with a factory in the southern province of Long An, is the fifth food brand added to GreenFeed’s portfolio, the other three being MaMaChoice (fresh meat), Wyn (processed food) and G.Lala (broken rice).

    LeBoucher was owned by Alain Glon Holding Asia, a French food company with $110 million in annual revenue that has been operating in Vietnam for over 25 years. It supplies chicken to McDonald’s Vietnam operations.

    According to German data portal Statista, Vietnam poultry consumption was nearly 17 kilograms per capita in 2021; and is expected to rise to more than 20 kilograms by 2029.

  • Jollibee, partner to operate Dunkin’ Donuts stores in China

    Jollibee, partner to operate Dunkin’ Donuts stores in China

    Philippine fastfood giant Jollibee Foods Corporation (JFC) and its partner, Asian investment firm RRJ Capital Master Fund II LP, have sealed the deal with Dunkin Donuts Franchising LLC to operate Dunkin’ Donut stores in China.

    In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, JFC said the franchise agreement grants the newly formed joint venture firm Golden Cup Pte. Ltd. the exclusive right to develop Dunkin’ Donuts in Hong Kong, Macau, Fujian, Hunan, Jianxi, Guangdong, Hainan, Guanxi, Beijing, Tianjin, Hebei, Shangxi, Chongqing, Guizhou, Sichuan, Yunnan, Heilongjiang and Jilin.

    Golden Cup Pte. Ltd. is the joint venture company formed by Jollibee Worldwide Pte. Ltd. (a wholly owned subsidiary of JFC) and Jasmine Asset Holding Ltd. (a wholly owned subsidiary of RRJ Capital Master Fund II, L.P.).

    In an earlier disclosure to the PSE on 19 December, JFC said “the Dunkin’ Donuts deal provides the JV with an excellent opportunity to operate and expand one of the leading global coffee chain brands in the 2nd largest economy in the world.”

    JFC said it will invest USD300 million in the venture, USD180 million of which will be contributed by JPWL. In the first 12 months of operations, JPWL’s initial investment would be about USD18 million.

    As of December 2014, Jollibee operates 811 stores in the Philippines and 101 stores overseas. Dunkin’ Donuts, on the other hand, has nearly 11,000 restaurants in 33 countries worldwide.

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  • Carl’s Jr. to re-enter Japan, aim for 150 burger bars nationwide

    Carl’s Jr. to re-enter Japan, aim for 150 burger bars nationwide

    US hamburger chain operator CKE Restaurants Holdings Inc. said on Friday it will open a Carl’s Jr. outlet in Tokyo next year before a nationwide rollout that will represent its second stab at the Japanese market since 1989.

    Its local partner will be Tokyo-based Mitsuuroko Group Holdings Co., whose main business is providing gas and power. Mitsuuroko said Friday it had set up Carl’s Jr. Japan Inc. to run the restaurants.

    CKE Restaurants said the first store will open in Tokyo next fall and that it aims to open 150 nationwide in the next 10 years.