Inside Retail Asia specific information about the food sector. New trends and consumer preferences within the food industry.
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UK supermarket Asda is undertaking a 12-month trial to test initiatives to reduce, remove and reuse plastic packaging at its Middleton store in Greater Manchester. Shoppers are invited to bring their own containers to stock up on products such own brand coffee, rice and pasta at designated refill stations. The grocery has partnered with FMCG giants Unilever and Kellogg’s to create refill points for cereals such as Rice Krispie…
Hong Kong restaurants appear to have shrugged off the worst of the impact from the city’s social unrest in the final quarter of last year,
Pizza Hut and KFC restaurant operator Yum China is preparing for a second listing in Hong Kong.
AI-run fruit-vending machines are offering Chinese consumers a new way of buying fruit and vegetables, according to FreshPlaza.
Tom n Toms Hong Kong has shuttered all five of its stores after the South Korean coffee chain’s local franchise went into liquidation. Following news of its Myanmar expansion plans, the popular South Korean cafe eventually could not withstand the pressures on Hong Kong’s depressed retail market. Tom n Toms Hong Kong launched in 2016 and had outlets at Tuen Muen Town Plaza, Tsim T…
Hong Kong-based firm The Fenix Group may sell its majority shareholding in high-end supermarket operator Hong Kong’s CitySuper Group. According to Bloomberg, if potential buyers show interest in the stake, it may be worth between US$300 and $400 million. Any potential purchaser at this time will inherit a business in the midst of Hong Kong’s first depression in a decade, and wit…
Starbucks Vietnam has opened a concept store at a new urban development called Ecopark in Hung Yen, near Hanoi, its 63rd store in the country. Located at the heart of Summer Park, Starbucks Ecopark features a mixture of rural and modern aesthetics, creating “a space that seeks a sense of harmony with its natural surroundings and the buildings bold structure,” the company said in a statement.
Singapore’s tiny Voids Cafe is carved out of a monolithic concrete block, reshaped to produce an operational space in just 28sqm.
Grab has launched its first Grab Kitchen in Singapore, which takes its cloud kitchen network in Southeast Asia to 50.
Indian tea retailer Chai Kings has secured US$1 million in funding from a group of angel investors, including The Chennai Angels, Hyderabad Angels and TiE India Angels.
China’s largest coffee chain Luckin Coffee is moving into the vending machines market, in part funding by a US$821 funding round.
Asian private equity firm The Longreach Group has acquired the Japanese coffee chain Caffe Veloce from Chat Noir Company.