The worldwide’s bubble tea founder introduces frozen ready side dishes ideal for a good cup of tea. Chun Shui Tang, the inventor of bubble tea is bringing several side dishes, Vegan Black Pudding in Spicy Sauce, Braised Tofu in Signature Sauce, and Dry Bean Curd in Spicy Sauce, to the[Read More…]
Finance
Azelis Q3 2022: Sustained positive trends supportive of strong full year 2022
Azelis generated free cash flow of EUR 275.1m, an 81.4% increase over the prior year, despite continued investments in working capital to support strong performance. Revenue of EUR 3.1bn, representing year-on-year growth of 52.5% driven by organic growth of 25.8%, M&A growth contribution of 21.3% and F/X uplift of 5.5%[Read More…]
Nutreco invests in biotech firm Roslin Technologies Limited
The supply of cell lines is expected to be a bottleneck in the growth of cultivated protein, Roslin Tech offers a critical solution for building Nutreco’s potential future “cell feed” proposition. Nutreco announced it has taken a minority share in Scotland-based Roslin Technologies Limited (“Roslin Tech”) in the company’s recently[Read More…]
Yum China Reports Third Quarter 2022 Results
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…]
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…]
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…]
Kerry Group partners with Concern Worldwide to Support Kenyan Farmers
Kerry Group, the world’s leading taste and nutrition company, and Irish humanitarian organisation Concern Worldwide today announced a four-year partnership that aims to improve the lives of 46,000 Kenyans by providing access to climate-smart agricultural practices. They will collaborate to improve food security, boost household income and reduce malnutrition levels[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…]
Brand Finance Declared Vinamilk as “The 6th Most Valuable Dairy Brand” in Vietnam
Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance. The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked[Read More…]
