Retail News CRM

Tag: ice cream

  • American ice cream to the rescue

    American ice cream to the rescue

    American ice cream is coming to the rescue of a coal trader in Thailand, as the company diversifies in the face of volatility in its segment.

    Thai Capital Corporation (TCC) has diversified into F&B retail after totally acquiring NYC-Thai BD from its shareholders for 33.82 million baht (about US$950,000).

    It is TCC’s first foray into the F&B sector, while NYC has retail outlets specialising in frozen desserts, smoothies and ice creams under the Emack & Bolio’s trademark. This is an American brand founded in 1975 and brought to Thailand in 2012. It has six stores in Bangkok.

    TCC CFO Kamphol Patana-anukul says the company bought 400,000 shares of NYC with a par value of 10 baht each. After the transaction is complete, it will increase NYC’s registered capital from 4 million to 20 million baht, which will be used as working capital and for expansion.

    TCC had 203.7 million baht in sales revenue for the first quarter, down 27.4 per cent from the same period last year, hit by fierce competition in the coal business and a drop in global coal prices.

    Several other Thai companies have also diversified into F&B, including Impact Exhibition Management, which has expanded into the frozen bakery business.

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  • Anti-hangover ice cream hits stores in South Korea

    Anti-hangover ice cream hits stores in South Korea

    South Korean retail chain Withme FS has started selling ice cream, which it claims can cure your worst hangover.

    The new product is called Gyeondyo, which can be translated as “Tough it out” or “Hang on”. Company officials explained that the message is addressed to Korean office workers who often have to endure a long day at work after a night of heavy drinking.

    In South Korea, it is hard for an employee to excuse himself from drinking in the evening with colleagues, especially superiors. Regular staff parties are a part of the country’s business culture. Workers often feel pressured to drink even if they don’t like alcohol so as not to be frowned upon. The ice cream is supposed to help such workers cope with the consequences of their attempts to fit in.

    A clerk arranges ice cream bars named Gyeondyo-bar, which translates to "hang in there" at a convenience store in Seoul, South Korea, May 20, 2016. REUTERS/Kim Hong-Ji

    The grapefruit ice-cream contains oriental raisin tree fruit juice — a popular anti-hangover treatment in South Korea, Reuters reported.

    South Korea tops the Asia-Pacific rating of countries regarding the consumption of alcohol. According to a 2014 World Health Organization report, individual South Koreans drink 12.3 liters of alcohol per year. The total annual sales of anti-hangover medicine in the country is nearly $126 million.

    Alcohol creates a huge industry of other products in South Korea, including special beauty care products for women, aimed at softening skin that gets dry because of drinking.

    On another note, ice cream seems to be getting a lot of attention all over East Asia. In April, a Japanese firm, Akagi Nyugyo Co. Ltd, released a video in which staff apologized for raising prices of the company’s ice cream for the first time since 1991.

    https://www.youtube.com/watch?v=J_2a_N4WVqg

    The video went viral, collecting millions of views. Akagi Nyugyo produced ice cream has unusual tastes, such as potato, spaghetti or soup.

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  • 320 Under Singapore expands into Malaysia

    320 Under Singapore expands into Malaysia

    Singapore nitro ice cream cafe 320 Under has opened its first worldwide retailer, in Kuala Lumpur’s 1 Utama purchasing centre.

    320 Under has three cafes working in Singapore – in Geylang, Tampines and Tanjong Katong Rd.

    The idea makes use of liquid nitrogen to create recent ice cream, sorbet and yogurt desserts to buyer order, mixing theatre and flavour into an experiential eating vacation spot. The top product is described as “clean and freezing chilly till the final chew”.

    The 320 Under retailer is situated on the primary flooring of the enormous 1 Utama complicated in Petaling Jaya, Selangor.

    The operators say buyer response to the brand new idea has been “overwhelming” with the model’s signature Thai coconut ice cream bought out on Saturday and Sunday, its first weekend of buying and selling.