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23. April 2025
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Category: Food

Retail Asia15/04/2025
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Food

Tim Hortons launches retail coffee range in South Korea

1min0
Tim Hortons has launched its retail lineup in South Korea as part of its strategy to broaden the brand’s reach. The Canadian cafe brand’s retail coffee offerings include Original Blend whole bean coffee and fine grind coffee in five flavours: Original Blend, French Vanilla, Colombian, Maple, and Decaf. “Like all Tim Hortons coffees, our bagged […]
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Retail Asia15/04/2025
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Food

Indonesian coffee chain Fore Coffee’s IPO oversubscribed by 200 times

2min0
Indonesian coffee chain Fore Coffee made its trading debut on the Indonesia Stock Exchange (IDX), following a heavily oversubscribed initial public offering that attracted more than 114,000 investors. The East Ventures-incubated company priced its IPO at US$0.012 (RP188) per share, issuing 1.88 billion new shares to raise approximately $22.3 million (RP353.44 billion) in fresh capital. Fore Coffee […]
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Retail Asia15/04/2025
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Food

Celsius adds Sunset Vibe flavour to energy drink range

1min0
American energy drink brand Celsius has added a Sunset Vibe flavour, a blend of mango and passionfruit. The new tropical-inspired flavour joins the brand’s existing local range, which includes Sparkling Kiwi Strawberry, Sparkling Watermelon Lemonade, Sparkling Green Apple Cherry, and Cosmic Vibe. In addition, it contains no sugar and is described to offer a “taste […]
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Retail Asia15/04/2025
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Food

Pickle Juice debuts Extra Strength Shots in Coles

2min0
US beverage brand The Pickle Juice Company has launched its 75ml Extra Strength Shots in Coles supermarkets nationwide. The Texas-based company claims that its product uses a propriety formula that is scientifically proven to help alleviate muscle cramps by interrupting the nerve signals that trigger involuntary muscle contractions. Pickle Juice uses a blend of vinegar, […]
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Retail Asia15/04/2025
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Food

Lakanto launches no-sugar-added BBQ Sauce & Tomato Ketchup

1min0
Monkfruit sweetener brand Lakanto Australia has launched the No Sugar Added Tomato Ketchup and BBQ Sauce, offering a healthier alternative. According to the company, the sauces are naturally sweetened with Lakanto’s monkfruit sweetener, feature no artificial colours or tastes, and are low in carbs, making them suitable for individuals following keto, low-carb, or diabetic diets. […]
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Retail Asia09/04/2025
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Food

McDonald’s renews 20-year franchise deal in the Philippines

2min0
McDonald’s has renewed its 20-year master franchise agreement in the Philippines, extending its partnership with Golden Arches Development Corporation (GADC) until 2045. Under the new agreement, the company retains exclusive rights to own, develop, operate and sub-franchise McDonald’s restaurants nationwide. GADC, led by founder and chairman George Yang, has operated the fast food giant’s Philippine […]
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Retail Asia08/04/2025
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Food

Thai rice prices hit over three-year low

2min0
Prices of rice shipped from Thailand declined to an over three-year low this week due to US President Donald Trump’s move to impose import tariffs and an existing market surplus. Meanwhile, India’s rice export prices neared a two-year low on subdued demand. The US announced to impose a flat 26% tariff on all goods being […]
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Retail Asia08/04/2025
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Food

Thailand proposes China facilitate durian export

3min0
The Commerce Ministry of Thailand has recently requested the China Customs to extend the working hours at the Mohan checkpoint on the border with Laos to facilitate durian inspections. Specifically, the closing time will be changed from 5.30pm to 8.30pm, according to Deputy Minister Napintorn Srisunpang. Chinese authorities will also increase the number of inspection […]
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Retail Asia27/03/2025
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Food

Jollibee Foods targets 10,000 global restaurants this year

2min0
The Philippines-headquartered restaurant group Jollibee Foods plans to have 10,000 eateries globally this year, with a focus on North America. The company, known for its fried chicken Jollibee chain, eyes to invest PHP18-21 billion (US$312-364 million) to open up to 800 new stores this year. Last year it had 9,766 outlets. “We’re not in all […]
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Retail Asia26/03/2025
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Food

Fruit, vegetable exports decline for 3rd straight month

2min0
Exports of fruit and vegetables fell by 10.5% year-on-year in March to an estimated US$421 million, marking the third consecutive month of decline. They had decreased by 5.2% to $416 million in January and 6.5% to $303 million in February. The main reason was the decline in durian shipments, a major export item, the Vietnam Fruit […]
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Retail Asia26/03/2025
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Food

China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia

3min0
China’s largest coffee chain Luckin Coffee has signed an agreement with Indonesia’s Banggai Islands Regency, making it the exclusive premium origin of coconut milk for its flagship Coconut Latte. The memorandum of understanding it signed with the regency provides Luckin Coffee and its partners with exclusive rights to procure coconuts from the region, the firm […]
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Retail Asia24/03/2025
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Food

Synlait Milk returns to profitability as sales soar

2min0
Synlait Milk swung back to profitability amid a double-digit increase in sales during the fiscal first half. The company’s revenue for the six months ended January 31 jumped 16 percent to NZ$916.8 million. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 217 percent to $63.1 million, and net profit after tax (NPAT) rose 105 […]
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Retail Asia24/03/2025
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Food

Campari sells stake in whisky brand, Howler Head

1min0
Campari Group has sold its stake in the whisky brand Howler Head to Infinium Spirits, a US-based owner of premium spirits. Financial details of the transaction were not disclosed. Campari Group bought a 15 per cent stake in the banana-flavored Bourbon business for $15 million in August 2022.  According to the company, the acquisition of […]
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Retail Asia20/03/2025
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Food

Dickey’s Barbecue Pit debuts in Manila

2min0
has opened its first location in the Philippines at Manila’s Parqal Mall. The two-story restaurant seats 90 guests and features a full bar and table service, blending Texas-style barbecue with Filipino flavours. The menu includes Dickey’s signature slow-smoked brisket, ribs, sausage, and locally inspired dishes such as pork belly, rice, and regional appetisers. Beyond Manila, […]
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Retail Asia20/03/2025
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Food

Jollibee posts double-digit growth, boosted by coffee and tea brands

3min0
Jollibee Foods Corporation (JFC) posted strong double-digit growth in 2024, with its coffee and tea brands playing a key role in driving revenue and profits. The company’s revenue rose 10.6 percent year-on-year (YoY) to US$4.7 billion, while EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased 17 percent to $295 million. JFC’s system-wide sales (SWS) […]
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Retail Asia20/03/2025
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Food

Indonesia’s Fore Coffee launches IPO to fund expansion

2min0
Indonesian coffee chain Fore, backed by East Ventures, has launched an initial public offering (IPO) to expand domestically and internationally. The company said it is capitalizing on the expanding middle class, which is driving demand for premium coffee and lifestyle products. Fore operates a hybrid business model, combining quick-service outlets optimized for pick-up and delivery […]
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Retail Asia18/03/2025
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Food

PepsiCo to acquire Poppi for US$1.95 billion

1min0
PepsiCo has signed a definitive agreement to acquire probiotic soda brand Poppi for US$1.95 billion. The transaction amount includes $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. “We’ve been evolving our food and beverage portfolio over many years, including by innovating with our brands in new spaces and […]
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Retail Asia18/03/2025
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Food

Chagee faces boycott ahead of Vietnam opening

2min0
Chinese milk tea brand Chagee is facing criticism for apparently adopting the ‘nine-dash line’ in its digital app while it prepares to launch in Vietnam. According to local reports, Vietnamese customers are calling for a boycott of Chagee after learning that the company used a map with the controversial nine-dash line. In a photo recently […]
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