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South Korean fashion and retail group E-Land is surrendering its Coffee Bean & Tea Leaf China franchise licence. The move is expected to improve the conglomerate’s reportedly strained cash-flow situation and mark a more focused approach to retail. It comes…
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…
South Korean retailer E-Land has sealed a deal to launch Coffee Bean China by the end of 2015. The California-headquartered cafe chain, also known by its full name Coffee Bean & Tea Leaf, says China will be its 28th international market. The China joint…
