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Many corporate workers at U.S. coffee chain Starbucks will get just 60% of their total bonuses for the 2024 fiscal year amid the company’s first annual sales decline since 2020. The coffee giant’s poor performance in the fiscal year, which ended on September…
Indonesian specialty coffee roaster and café chain Tanamera Coffee has opened its first outlet in Malaysia. The Kuala Lumpur outlet marks Tanamera Coffee’s third market after its native Indonesia, where it operates 22 stores, and Singapore, where it has…
Telecommunication giant Huawei Technologies Co’s recent plan to enter the on-premise coffee market in China has triggered heated discussions on the beverage’s role in rejuvenating established non-food brands among younger consumers. Huawei has applied for two…
Pokemon Go is excited to announce that they are partnering with Starbucks and that its stores in select Asia markets are transforming into PokéStops and Gyms in Pokémon GO. Adventurous Pokémon GO trainers in Hong Kong, Indonesia, the Philippines, Singapore,…
Singaporean traditional coffee shop operator Kimly has recorded a 5.3-per-cent year-on-year boost in half-year profit to SG$10.5 million (US$7.4 million). The result was achieved on a more modest 1-per-cent increase in sales to $107.4 million ($75.74 million)…
A second Starbucks community store has opened in South Korea. The new venue, located in Seongsudong, Seoul, is described by the company as a “hub for young people and prospective startups to share information about networking and starting their own…
The number of South Korean cafes continues to grow at a brisk pace, according to a government recent study. The Korea Fair Trade Commission reported there were 15,036 coffee shops in South Korea as of 2018, an increase of 7.9 percent (1105 shops) over the…
