Starbucks Hong Kong announced the launch of its new beverage and food menu items #TasteOfABetterFuture featuring plant-based ingredients, as well as reusable merchandise, on 9th September.…
South Korean food companies see massive sales growth
South Korean food companies scored massive sales growth in the wake of the COVID-19 pandemic, as the demands increased for products that can be consumed at home, in both domestic and overseas markets.…
South Korea’s instant noodle market records high sales
The instant noodle market in South Korea recorded all-time high sales of US$952.2 million in the first half of this year, largely affected by the COVID-19 pandemic, data showed.…
Yi Fang Fruit Tea further expands market
Taiwanese franchise Yi Fang Fruit Tea is expanding its presence worldwide despite the toll the coronavirus pandemic has taken on the global food and beverage industry.…
FAT Brands acquires Johnny Rockets
FAT Brands Inc. announced that it has agreed to acquire the Johnny Rockets restaurant chain from an affiliate of private equity firm Sun Capital Partners, Inc. for approximately $25 million.…
Yum China reaches the milestone of 10,000 stores
Yum China Holdings, Inc. announced that it has reached the milestone of 10,000 stores with its restaurant network across China and overseas.…
Beyond Meat partners with Freshippo to expand into the Chinese market
Beyond Meat has teamed up with Freshippo to launch its products in the Alibaba Group-owned New Retail supermarket as the plant-based market heats up in China.…
Korea’s HiteJinro to export Jinro soju to seven countries
South Korean liquor maker HiteJinro said it will start exporting its hit soju brand Jinro Is Back to seven countries, marking the first anniversary of its release.…
Korea’s F&B industry performs a series of M&A
Confectionery titan Binggrae’s recent acquisition of Haitai Icecream could be a signal for a series of M&As across the food and beverage industry in Korea.…
What makes Shake Shack and Blue Bottle popular in Korea?
When American franchises Shake Shack and Blue Bottle first opened their first stores in Korea in 2016 and 2019, enthusiastic visitors formed long queues to try new burger meals and coffee drinks.…