739 stories in this topic
Mother Pearl, a wellness beverage company, has broadened its horizon with the opening of its two-story flagship store in Lan Kwai Fong, Hong Kong. This expansion sees the brand venture into new frontiers, launching its debut cocktail bar and adopting an…
Anita McDonnell, formerly the Managing Director for Taco Bell in the Asia Pacific region, has recently been designated as the International President for Pret A Manger. This new appointment will commence in late August. McDonnell comes to the position with a…
Italian food has consistently been a staple for Australian consumers, wholesalers, and retailers. However, the reasons for this popularity are shifting. While items like pasta, olive oil, and cheese continue to be popular, consumers are more interested in the…
As consumer awareness increases, more people are inspecting ingredient labels and avoiding products that seem heavily processed. Nestlé, the global food and beverage company responsible for products such as Nescafe coffee and KitKat chocolate, has been…
Uber, one of the leading global mobility and food delivery platforms, has confirmed its decision to acquire another significant player in the industry, Delivery Hero. The agreement, which values Delivery Hero at approximately €13.0 billion (US$14.8 billion),…
Malaysia has outlined an ambitious plan to decrease its dependence on imported food by half by 2050 in an effort to bolster national food security. This objective arises as the nation grapples with an annual food import expenditure hitting around 80 billion…
Berjaya Food, a major player in the food and beverage industry, has concluded their collaboration with Paris Baguette, marking the end to the alliance that brought the esteemed South Korean bakery chain to Malaysia in 2023. In an effort to sever ties with the…
In a recent development, China’s market regulator has enforced stringent measures on the supermarket chain, Sam’s Club, which is owned by Walmart. The regulator has initiated these steps as part of a bid to eradicate food safety risks from the company’s…
Meituan, China’s foremost food delivery company, reported its third consecutive quarterly loss this Monday. However, it did manage to meet revenue growth projections. The company has been weathering a particularly tough year, characterized by fierce,…
Haidilao, the renowned hotpot chain, has recently begun offering pig blood curd across all its Singapore locations, marking the end of a 27-year prohibition. In an announcement made on social media last Tuesday, Haidilao Singapore revealed that the dish would…
Nestlé, the multinational FMCG powerhouse, began the year with consistent growth. It did so despite a decline in sales attributed to currency fluctuations and the residual effects of a product recall involving infant formula. First Quarter Performance During…
China’s market regulator recently imposed fines and seizures on seven e-commerce platforms, totaling 3.6 billion yuan (US$527.32 million), for failing to adhere to food delivery safety guidelines. The offenders include prominent companies such as Pinduoduo,…
Trade associations in Malaysia are warning that the country’s food prices could potentially surge by up to 50% due to the escalating energy crisis linked to the conflict in Iran. This crisis has led to an increase in fuel costs, which in turn is inflating the…
Meituan, the leading food delivery company in China, reported its second consecutive quarterly loss, slightly missing revenue growth forecasts. This comes after a year of aggressive, subsidy-intensive competition in China’s one-hour delivery market. Meituan’s…
In a fiercely competitive market, Chinese food delivery titan Meituan has reported a second consecutive quarterly loss, slightly missing projected revenue growth. Over the past year, the company has weathered intense competition sparked by aggressive subsidy…
Thai retail powerhouse CP Axtra has secured a deal to acquire the Malaysian supermarket operator, The Food Purveyor, for a sum of US$421.6 million. The Food Purveyor’s Market Presence The Food Purveyor boasts a wide range of premium grocery brands under its…