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South Korea’s once burgeoning franchised coffee shop market has reached saturation point – and the fallout has become extreme. According to a report, one in 10 South Korea coffee shops closed their doors last year – the equivalent of more than 1000 stores.…
Korean coffee chain Caffe Bene has collapsed, filing for a court-led restructuring scheme on Friday. Yonhap news service reports the court will soon decide whether to put the ailing coffee chain under its receivership or commence liquidation. The legal move…
In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop – evidence of a boom that has delivered dizzying growth for the likes of Starbucks and local chains. But now the market is getting even…
Major franchised Korean coffee chains saw their revenue fall in 2015 in the face of tougher competition with cheap take-out coffee amid economic slowdown, heading to another tough year, data shows. Homegrown coffee brands have sprung up in Asia’s…
Days after being launched, Singapore’s Hallyu Ventures (HVPL) has spent US$13.8 million to take a 38 per cent shareholding in South Korean coffee chain Caffe Bene, which has outlets in 14 countries. HVPL is a joint venture between Future Investment Holdings…
Korean coffee chain Caffe Bene has opened its first franchised store in Vietnam. Caffe Bene Vietnam’s third store – its first franchised outlet – is located in the recently opened SSC VivoCity shopping centre in Ho Chi Minh City’s District 7, a popular expat…
Caffe Bene, a South Korean coffee franchise, is accelerating its marketing in Southeast Asia. The company has opened its fourth branch in the Aeon Mall in Tangerang City, the company said on July 15. The city is near Jakarta, the capital of Indonesia, the…
Korean-based coffee shop franchise Caffe Bene has named famous Korean actor Kim Soo-Hyun as its global face for the next year. Korean film and television drama has massive following throughout China and southeast Asia making Kim Soo-Hyun a recognised…
