Tag Archives: food and beverage

Pancakes to burgers: IHOP suffers backlash in name change


(Source: ABS-CBN News | June 12, 2018) After tantalizing fans for a week, IHOP, the ubiquitous blue-roofed American chain which promises pancakes 24 hours a day, said Monday it was changing its name to IHOb — International House of Burgers — in a ploy to expand its market image beyond breakfast. The move sent pancake breakfast lovers into a furor ...

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Costs up, but golden topping for Shakey’s Pizza


(Source: Inside Retail Philippines | May 18, 2018) Pizza parlour chain Shakey’s Pizza Asia Ventures grew its first-quarter net profit by 6.4 per cent to PHP184 million (US$3.5 million), even as higher input costs tempered the impact of double-digit growth. Shakey’s grew its first-quarter systemwide sales by 10 per cent to PHP2.2 billion. This was mainly attributed to a 2 percent growth ...

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Nestle to pay US$7.1 billion for global Starbucks rights


(Source: Inside Retail HongKong | May 8, 2018) Nestle is to pay Starbucks US$7.1 billion for the global rights to sell and distribute Starbucks products outside cafes. The Starbucks rights deal includes Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia packaged coffee and tea in all global at-home and away-from-home channels. And the Starbucks brand portfolio will ...

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BreadTalk Group to broaden brand mix as bakeries feel the pinch


(Inside Retail Asia | May 4, 2018) Diminished returns from BreadTalk Group’s bakeries in Hong Kong and Mainland China saw the division’s sales slip 4.5 percent in the first quarter of this year. However, group revenue rose 0.5 percent to S$148.5 million (US$111.55 million) as other divisions compensated. And on a like-for-like basis, BreadTalk’s core food and beverage business posted ...

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IGD Asia: why China’s top 10 grocers shine


(Source: Inside Retail Asia | May 3, 2018) Leaders in China’s retail grocery market are growing at a rate that almost doubles that of the entire sector, according to new research from IGD Asia. It predicts the top 10 retailers will achieve 10.4 percent growth by 2022, compared to 5.8 percent for the overall market, but anticipates this will come ...

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Queues as Jollibee Europe debuts in Milan


(Source: Inside Retail Asia | March 28, 2018) There were queues when Filipino fast-food giant Jollibee Europe opened its first-ever branch, in Milan. An estimated 170,000 Filipinos live in the Italian city. In the early hours of the outlet’s opening day, families, young people, members of the Filipino community, and even locals were lining up in front of the Jollibee ...

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NZ’s Epiphany Cafe eyes Asian expansion


(Source: Inside Retail Philippines | March 15, 2018) A rural New Zealand donut maker is set to expand into Asia, initially targeting the Philippines, Indonesia, Malaysia and Singapore. Epiphany Cafe started just two years ago as a single family-owned store in the Waikato city of Hamilton, in the heart of New Zealand’s largest dairy-farming region. Since then it has expanded ...

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Max’s Group’s income rises by 12% to P627m

(Photo from: pageone.ph)

(Source: Manila Standard | March 16, 2018) Max’s Group Inc. registered a net income of P626.7 million in 2017, up 12 percent from P561.7 million in 2016, on strong restaurant sales and rollout of new stores. MGI said in a disclosure to the stock exchange system-wide sales rose 13 percent to P17.34 billion in 2017 from P15.34 billion in 2016. ...

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McDonald’s Philippines to add 40 stores


(Source: Inside Retail Asia | March 6, 2018) Golden Arches Development Corp (GADC) is planning to invest up to PHP2 billion (US$38.4 million) so McDonald’s Philippines can open at least 40 new stores this year. Majority owned by chairman/founder Dr George Yang and his family, GADC is the master franchise holder of McDonald’s in the Philippines and has been a ...

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Jollibee notches P7-B net income in 2017


(Source: Manila Bulletin | February 13, 2018) Jollibee Foods Corporation, the largest Asian food company, posted a 15 percent growth in attributable net income to P7.09 billion
in 2017 from the P6.17 billion earned in the previous year due to record store openings. In a disclosure to the Philippine Stock Exchange, the firm said system wide sales, a measure of all ...

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