Hollys Espresso set for Vietnam debut
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Hollys Espresso, the Korean cafe chain with a particular Parisian decor, will open its first outlet in Vietnam on July 9.
The flagship retailer can be situated in Ho Chi Minh Metropolis and would be the first of three to be buying and selling in Vietnam by the yr’s finish.
Hollys Espresso’s native franchise associate is TNC Holdings, which just lately gained the native franchise rights for Chilly Stone Creamery ice cream cafe chain.
Director of franchising with TNC, Vercy Luu, informed Inside Retail Asia the primary two Chilly Stone Creamery shops will open this calendar yr. As beforehand reported, TNC plans 30 Chilly Stone shops in Vietnam, the primary in Ho Chi Minh Metropolis.
TNC additionally has the Incito Espresso franchise and operates 5 cafes in Ho Chi Minh Metropolis and Vietnam’s capital Hanoi.
And it operates two Mizuchi Japanese scorching pot eating places in Hanoi, with plans to open 5 in Ho Chi Minh Metropolis over the subsequent six months.
TNC has a imaginative and prescient to be one of many prime 10 shopper and retail corporations in Vietnam, grossing US$1 billion by 2020.
“Chilly Stone Creamery is a premium American ice cream idea and the product will probably be very inviting to the Vietnamese individuals,” Phan Duc Binh, CEO of TNC, stated on the time of the awarding of the Chilly Stone rights.
TNC specialises in branding, distribution and manufacturing of fast paced shopper items, together with drinks, particularly espresso and tea, and private care merchandise. TNC additionally owns retail manufacturers and franchises, together with comfort shops, supermarkets and F&B chains.
Questions & Answers
Q.What is the expected growth for Hollys Espresso in Vietnam by the end of the year?
What is the expected growth for Hollys Espresso in Vietnam by the end of the year?
Hollys Espresso plans to have three outlets operating in Vietnam by the close of the calendar year. Their flagship store, opening on July 9, will be located in Ho Chi Minh City.
Q.Which other F&B franchises does TNC Holdings currently operate or plan to open in Vietnam?
Which other F&B franchises does TNC Holdings currently operate or plan to open in Vietnam?
TNC Holdings operates the Incito Espresso franchise, with five cafes across Ho Chi Minh City and Hanoi. They also run two Mizuchi Japanese hot pot restaurants and plan five more in Ho Chi Minh City soon.
Q.What is TNC Holdings' broader financial goal for their retail and consumer operations in Vietnam?
What is TNC Holdings' broader financial goal for their retail and consumer operations in Vietnam?
TNC Holdings aims to become one of the top ten consumer and retail companies in Vietnam. Their stated financial vision is to achieve US$1 billion in gross revenue by 2020.
Q.What is TNC Holdings' specialisation in the consumer goods market?
What is TNC Holdings' specialisation in the consumer goods market?
TNC Holdings specialises in branding, distribution, and manufacturing of fast-moving consumer goods. This includes drinks, particularly coffee and tea, and personal care products.
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