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Jollibee Foods Corporation achieved record earnings in Q4, driven largely by an increase in demand and enhanced operational efficiency, according to CEO Ernesto Tanmantiong. Stellar Performance Tanmantiong expressed pride in the company’s performance over the…
Unilever, a multinational consumer goods corporation, has confirmed that it is in discussions with McCormick & Company regarding the potential sale of its food division. The company has made this admission in response to ongoing rumours about the possible…
Jollibee Foods Corporation (JFC), a dominant player in the food service industry, is poised to strengthen its position in Asia through the acquisition of a South Korean hot pot buffet brand, Shabu All Day, and the anticipated introduction of a rapidly-growing…
Pure Foods Tasmania (PFT) has strategically broadened its stock of frozen dessert offerings by securing ownership of Elato Ice Cream. Implications of the Acquisition With this acquisition, PFT gains full ownership of all the intellectual property and brand…
Whole Foods Market, a renowned American gourmet grocery chain, has recently launched around 300 of its private-label products in Singapore. Exclusive Brand Offerings The assortment covers a wide range of products, including everyday grocery items, snacks,…
Berjaya Food, a Malaysia-based company, has recently reported a significant increase in losses and a decrease in sales for both their fourth quarter and the entire fiscal year. Berjaya Food, which operates Starbucks Coffee in Malaysia and Brunei, along with…
Bruno Fine Foods, a leading gourmet food provider, has expanded its premium product line through an alliance with Italian producer Casa Marrazzo, introducing San Marzano tomatoes to its portfolio. Certified Quality The newly added San Marzano tomatoes hold…
V2Food, an Australian alternative meat company that emphasizes plant-based products, has made a significant stride in its worldwide expansion by acquiring Daring Foods, a company based in the United States, and forming a strategic alliance with Ajinomoto, a…
PepsiCo New Zealand has announced the appointment of Lee Kent to the position of General Manager (GM) of Foods, effective from the 1st of August. He is set to succeed Michelle Cassettari in this role. Lee Kent’s New Role In his new position as GM of Foods,…
CJ Foods Oceania, a division of the international CJ Group, has introduced its Bibigo Korean-Style Fried Chicken line, produced and procured locally in Australia. New Korean-Inspired Chicken Range Launched The Bibigo Korean-Style Fried Chicken range boasts…
Del Monte Foods, a renowned food production company, has recently applied for Chapter 11 bankruptcy protection within the United States. This move comes as a part of the company’s strategy to facilitate a successful sale of its business operations.…
In an ambitious move to expand its culinary footprint, South Korea’s CJ Foods has announced a significant investment of approximately $73 million (KRW 100 billion) to establish a new mandu (Korean dumpling) factory in Chiba Prefecture, Japan. This…
Vietnam rice export prices have reached a new peak of US$663 per ton, the highest price in the world right now, amid rising global demand. On Monday prices rose 2% in a single day to $663. Rice from Vietnam’s competitor Thailand has also risen 8% in the last…
As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam’s vegetable and fruit sector has a bright outlook to earn $4 billion in export revenue this year. Vietnam exported nearly $1 billion worth of fruits and…
All four brands that Jollibee Foods Corp of the Philippines operates in Vietnam, including coffee chain Highlands Coffee, posted losses last year. The corporation, founded by Filipino billionaire Tony Tan Caktiong, established its first company in the…
Thai food giant Charoen Pokphand Foods has green-lighted its Vietnam subsidiary’s plans to list its shares on the Ho Chi Minh Stock Exchange. CPF has made a filing with the Stock Exchange of Thailand, but details are unavailable about plans for an IPO and…
