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Highlands Coffee, Vietnam’s most prominent coffee chain, is exploring the option of an initial public offering (IPO) in its native country, with the potential to raise between US$300-400 million. The company is currently working alongside a financial advisor,…
Highlands Coffee, the biggest coffeehouse chain in Vietnam, noted an earnings before interest, taxes, depreciation and amortization (EBITDA) of 666 million Philippine pesos, equivalent to US$11.3 million, for the third quarter. This demonstrates a 17.1%…
Vietnam’s largest coffee chain Highlands Coffee posted an EBITDA of VND1.05 trillion (US$41 million) last year, up 4.5% from 2023. The chain contributed 36% of the EBITDA from coffee and tea of its parent company Jollibee Foods Corporation. EBITDA stands for…
Apple Pay has arrived in Vietnam, enabling users to make contactless money transactions through an iPhone or Apple Watch. Vietnam is the third country in Southeast Asia to allow Apple Pay after Malaysia and Singapore. Several lenders such as MB Bank and…
Jollibee Foods Corp, the biggest fast-food operator in the Philippines, is in advanced discussions to sell a minority stake in its Vietnamese coffee chain Highlands Coffee, two sources with knowledge of the matter told Reuters. Jollibee, controlled by…
Highlands Coffee chain lost VND19 billion ($812,069) last year, its first loss since 2014, VnExpress has learned. Its sales plunged by nearly 20 percent to VND1.7 trillion, which still made it the largest coffee chain in Vietnam, its earnings report, recently…
Starbucks Vietnam will close its Hanoi outlet after eight years, following the closure of two locations in Vietnam last year. The Starbucks Lan Vien outlet in Hoan Kiem District will operate until June 30, the company said in a Facebook post. Last year, the…
Several landlords have cut off utilities to major Highlands Coffee outlets for not paying rent; the coffee chain says it needs rental discounts for unexpected enforced closures. Real estate developer Hoa Binh House has lodged a complaint with authorities of…
Highlands Coffee reported sales of VND1.24 trillion ($53.23 million) last year making it Vietnam’s largest coffee chain in terms of revenues. The figure was four times that of Phuc Long’s, eight times that of The Coffee House’s and thrice that of Starbucks’.…
One of the largest beverage makers in the world is hoping to ‘capture’ Vietnamese taste with its new canned coffee product. Coca-Cola, one of the two biggest players in the Vietnamese carbonated beverages market, has entered the canned coffee market with…
Local coffee shop chains are outmaneuvering international brands like Starbucks by catering to customers’ demands. Young customers are now choosing smaller brands like The Coffee House, Cong Ca Phe and Phuc Long as their to-go spot for affordable brews. Local…
Vingroup has opened its 55th shopping centre, The Vincom Center Landmark 81 mall, in Ho Chi Minh City’s Binh Thanh district. The 50,000sqm shopping centre occupies six of the skyscraper’s 81 storeys, housing 100 domestic and international brands in cosmetics,…
Philippine-headquartered quick-service restaurant chain Jollibee Foods income jumped 24.6 per cent to 6.14 billion pesos (US$123.26 million) last year, thanks to aggressive store openings. Jollibee says it opened 340 outlets across nine brands – its biggest…
Filipino restaurant company and global fast-food chain Jollibee Foods Corporation (JFC) has opened its first Canadian outlet, Jollibee Winnipeg. With 35 stores already in North America, it plans to continue its march into Canada with three more outlets next…
Jollibee Foods Corp’s subsidiary JSF Investment and its partner Viet Thai International plan to list the Highlands Coffee business on the Vietnam stock exchange. According to the announcement, Super Foods, the company owns 51 per cent of Highlands Coffee…
Jollibee Foods has reported 13.8 per cent global sales growth in its nine-month net profit as sales soared to P4.39 billion (US$88.2 million). Most of the Jollibee profit growth came from the domestic market where sales rose 16 per cent year-on-year, with the…
