Latest Food News - Inside Retail Asia
BreadTalk Group CEO Henry Chu has resigned, citing “personal and health reasons”.
Starbucks Korea has reported a 28-per-cent year-on-year jump in its operating profit in the first half of the year.
Jollibee Canada is continuing its expansion, opening its first store in Alberta this Friday, at Edmonton.
Tokyo restaurant Kikanbo is to open its first Hong Kong restaurant in Causeway Bay.
Blue Bottle Coffee’s first South Korean cafe which opened in Seoul’s artsy Seongsu neighbourhood earlier this year, features an industrial-style design with steel surfaces and red-brick fixtures. The cafe was designed by Schemata Architects, which has already created several of the brand’s branches in Tokyo, Japan, reports Dezeen.
Starbucks India plans to ramp up its store rollout, budgeting US$7 million for new outlets.
FMCG giant Nestle started selling Starbucks-branded coffee in Mainland China today, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards. Nestle last year paid US$7.15 billion for exclusive rights to sell the US chain’s coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February.
Chinese DIY bakery concept Yakafu has launched in Anji with a striking design by Shanghai-based studio KCA.
Jumbo Group profits fell 24.8 per cent in the third quarter as new restaurant openings added to expenses.
Jollibee’s Smashburger and Red Ribbon business units significantly dragged down the restaurant-operator’s first-half profits.
The Habit Restaurants is set to expand its Habit Burger Grill franchise throughout Cambodia in partnership with Amory F&B in a 25-store development agreement.
Expansion-related costs saw Singapore-listed BreadTalk Group’s quarterly profit more than halve despite rising sales.