Renowned dairy and plant-based milk brand, MilkLab, has expanded its market by introducing its Almond and Oat varieties to consumers in New Zealand via Woolworths stores. The move is in response to the increasing demand for dairy alternatives among New…
Corby Spirit and Wine Limited has divested its British rum brand, Lamb’s, for the sum of US$39.2 million ($55.5 million) to Canadian and French firms, Phildan and Cofepp, respectively. Lamb’s holds a predominant position among rum brands in the UK and Canada,…
Noon, the breakfast beverage company, has recently broadened its horizons with a comprehensive launch across the United States. The nationwide debut, which features both physical store availability at Target and online accessibility through Target.com,…
Casella Family Brands (CFB), a renowned name in the beverage industry, has recently formed strategic alliances with Heaps Normal and Four Loko. These partnerships are aimed at expanding and diversifying CFB’s product range, marking a shift from wine to a…
Cascade Brewery, a long-standing Tasmanian beer maker, has diversified its product range by launching a new mid-strength beer — Cascade Draught 3.5 per cent. This venture marks the first time the company has introduced a mid-strength variation of its…
Treasury Wine Estates (TWE), the company behind the Penfolds brand, has experienced an additional financial setback of $558.4 million following the scaling back of its operations in the United States. This recent loss brings the total write-downs to over $1.2…
After two decades of serving artisanal chocolates in Singapore, Laurent Cafe & Chocolate Bar is set to close its doors on August 10 due to escalating costs and financial strain. The renowned Robertson Quay-based chocolatier made the announcement on Facebook,…
Sour Sally, the pioneering premium frozen yoghurt brand out of Indonesia, is set to participate in FLAsia 2026, a top-tier franchise and licensing exhibition in Asia. The event is scheduled to take place from August 13-15 at the Marina Bay Sands Expo and…
Chinese hotpot giant Haidilao is making another attempt to break into the burger industry with its new venture, Fresh Burger, while simultaneously growing its budding sushi brand, Nyoisushi. This diversification comes as the company’s main business…
The Vietnamese coffee chain Cong Ca Phe has announced its foray into the Indonesian market, with the opening of its first branch in Jakarta in the forthcoming months. This strategic move aims to cement the Hanoi-based brand’s global presence by penetrating…
In preparation for a potential reduction in domestic supply due to the expected El Niño weather event, the Philippines will not enforce a prohibition on rice imports this year. The possible upcoming strong El Niño, according to the nation’s Department of…
Despite the overall downturn in Hong Kong’s retail market, fast-food conglomerate McDonald’s has successfully managed to sell close to half of its 23 retail properties in the city at premium rates. The selling spree initiated in July of the previous year, in…
South Korean authorities have recently conducted a search at the main offices of Starbucks Korea. The search forms part of an ongoing inquiry into a contentious marketing campaign released earlier this year that led to extensive criticism. The campaign in…
Heineken, the renowned brewing titan, has reported a substantial surge in growth during the first half of this fiscal year, following its decision to eliminate 3000 roles within the organization. The company declared a $24.3 billion revenue during this…
Isle Brands has successfully achieved nationwide distribution of its Clubcoco sparkling coconut water sodas through Woolworths Metro stores across the country. The brand’s expanded offering includes an effervescent line that marries 95% coconut water with 5%…
Private equity firm Bain Capital has successfully completed the acquisition of the global bubble tea franchise, Gong Cha, a deal estimated to be worth around US$635 million. This figure falls significantly short of the $2 billion valuation that was initially…
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