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169 stories in this topic
In times of stress or crisis, when things tend to go wrong, it’s important you let your mind relax and take it easy. So when time gets tough, may we suggest tea to rescue? It’s believed that in times of stress, a cup of tea can work wonders for your nerves.…
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…
Global milk tea chain Gong cha is planning to expand in Australia with a further 17 stores this year. That’s adding to the 118 stores already operating. The plan for growth is part of a bigger international expansion goal, which sees the business focus on…
V3 Group, which owns brands such as Osim and TWG Tea, has filed for an initial public offering (IPO) on the main board of Hong Kong’s stock exchange. V3 Brands Asia, an investment holding company wholly owned by V3 Group – made an application to the Hong Kong…
Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 20 percent to 51 percent. “Since Masan’s initial investment, Phuc Long has demonstrated strong synergies with…
King Coffee has a presence in 120 countries and is still on its way to expand further on the world map. Expo is a 170-year old event that takes place every five years, gathering businesspeople from more than 190 countries. This expo showcases all the…
Today, Starbucks celebrates the journey of coffee from seed-to-cup by opening its largest destination in Southeast Asia – the Starbucks Dewata Coffee Sanctuary. The one-of-a-kind Coffee Sanctuary demonstrates Starbucks Indonesia’s coffee leadership in…
While the franchise’s 2021 financial results took a hit because of the Covid-19 pandemic, a tangible gain has been the Starbucks VND90,000 ($4)coffee becoming a daily staple in Vietnam. Starbucks Vietnam general manager Patricia Marques said that despite the…
Unilever has sold its global tea business – including T2 – to private equity company CVC Capital Partners, for €4.5 billion ($A7 billion) The business, called Ekaterra, owns 34 brands including Lipton, PG tips, Pukka, T2 and Tazo and turned over €2 billion…
Jollibee Foods Corp has acquired a majority stake of Milkshop International, operator of Taiwanese milk tea chain Milksha, through its subsidiary Jollibee Worldwide. The acquisition deal, equivalent to 51 per cent ownership, is valued at approximately US$12.8…
Arabica coffee prices rose 10 percent more on Monday, after jumping nearly 20 percent last week, to their highest in nearly seven years as unusual cold weather threatens coffee crops in the world’s largest producer Brazil. Severe frosts last week damaged a…
Major milk tea brands Gotcha and Chatime have disclosed Australian expansion plans and their focus during the next few years. The assistant MD of Gotcha, Christy Chen said that the brand is set to open 20 new stores by the end of the year. “Gotcha will…
Queensland’s Nerada Tea company is marking Plastics Free July with the launch of a cardboard tea package that features no plastic lining or wrapping. The box, made from recycled cardboard, comes with a pour spout that folds out to dispense the loose-leaf tea…
Australian coffee chain Campos will be acquired by international pureplay JDE Peet for an undisclosed sum, with the transaction expected to be completed next month. Campos serves customers through direct-to-consumer, retail, and its own flagship cafes, as…
Queensland-based Nerada Tea is celebrating its 50th anniversary with a brand new look headed to shelves in supermarkets this month. The first packaging for Nerada black tea focused on the Australian-made message with a koala taking centre stage. Since then,…
A subsidiary of the Masan Group conglomerate has signed an agreement to acquire a 20 percent stake in tea shop chain Phuc Long Heritage Jsc. Masan’s The Sherpa Company Ltd will pour $15 million into the company, established last week to own the Phuc Long…
