Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2022. Total Revenues grew 5%; System Sales grew 5% in constant currency, despite temporary closuresDelivered $316 million Operating Profit, representing 77% growth, through strong execution Opened 621 net new stores year-to-date, on track to meet full-year net new store target[Read More…]
Beverages
Morinaga Milk Industry announces the commencement of local production and sales of Morinaga Milk-branded products in Vietnam
Vietnam is one of the countries with the highest growth potential leading up to 2050, with a population of about 98.5 million (2021) and a projected economic growth rate of around 6% from 2023 onward, according to the World Bank. In particular, the yogurt market is growing at an average[Read More…]
Yili Recorded a Total Revenue of RMB 93.9 billion over Q1–Q3 FY2022
Yili manages to maintain solid growth amid the pandemic demonstrates the dairy giant’s strong resilience. Both Yili and the industry will expect rapid growth as soon as the macroeconomic environment recovers. Yili Group recorded a total revenue of RMB 93.861 billion (USD 12.94 billion) over the first three quarters of[Read More…]
Barry Callebaut introduces the second generation of chocolate
Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, announced more than 140 years after the emergence of the first generation, the introduction of the second generation of chocolate. Barry Callebaut redesigned the making of chocolate – known as the Cocoa Cultivation & Craft principle (CCC) – to recognize the[Read More…]
CPV Exports the first shipment of processed chicken to Japan
CPV Food’s facilities in Binh Phuoc is one of the largest and the most modernize processed food production in Vietnam CPV Food Company Limited (CPV Food) (a subsidiary of C.P. Vietnam Corporation (CPV)) held “The ceremony to announce the export of the first shipment of processed chicken meat to Japan”.[Read More…]
CoCo Fresh Tea & Juice Announces Expansion Throughout the United States
CoCo Fresh Tea & Juice aims to create a diverse and sustainable community for its consumers by providing visually refreshing products. Leading boba tea brand, CoCo Fresh Tea & Juice, has announced its plans to expand throughout the United States amidst growth. Since the 2011 opening of its first store in New York,[Read More…]
Future Salad Hong Kong Food-tech Company Celebrated Brand Evolution
Future Salad has undergone various new stages to keep up with market trends. The brand-new image combines a charismatic personality, with new-generation food technology elements. Future salad, a Hong Kong food-tech company established in 2020 has been expanding into the overseas market. During this time, it has been enjoyed and supported by[Read More…]
Nestlé plans to acquire the Seattle’s Best Coffee brand from Starbucks.
Nestlé bolsters North American coffee business with acquisition of Seattle’s Best Coffee This transaction is part of Nestlé’s focus on driving sustained profitable growth in the coffee category and strengthens the Global Coffee Alliance by allowing both companies to focus on their core strengths. Seattle’s Best Coffee’s approachable line of[Read More…]
Chewco Launches One-Stop & Automated Services for US Bakers at IBIE Food Expo-2022
Chewco is bringing something new to the table mochi donuts and is rapidly establishing itself as a forward-thinking, dedicated partner for baking professionals in the US. Texture Maker, a designer of innovative baking and beverage mixes, made a successful global debut of its new mochi baking mix brand Chewco at[Read More…]
Angel Yeast Announces to Promote Food Security and Sustainable Agriculture on the World Food Day
Angel Yeast, the world’s leading yeast manufacturer, has announced it aims to play a larger role in increasing people’s access to nutritious food, and making food systems more inclusive and sustainable Factors such as the ongoing pandemic, climate change, rising food prices and international tensions have been affecting global food[Read More…]
