Food & Beverage
SATS acquires UK-based Monty's Bakehouse for $48.4m
SATS acquires UK-based Monty's Bakehouse for $48.4m
Monty’s Bakehouse will become a wholly-owned subsidiary of SATS.
BreadTalk waits on notice to repay notes in financial covenant breach
The covenant involves $100m 4% fixed rate notes.
Deliveroo's orders grew 20% amidst COVID-19 outbreak
In 2019, orders on the platform surged 50% YoY.
Souring Vietnam sentiments on beer may hit ThaiBev
The country’s new anti-drunk driving law took its toll on Sabeco’s beer volumes.
ThaiBev's Q1 profit up 14% to $375.63m
Net profit of its beer business skyrocketed 158.4% YoY.
60% of F&B businesses are not prepared for COVID-19
Restaurants are expecting revenue to be halved in the next three months.
RAS urges landlords to ease F&B rents
Jewel Changi was the first to respond, as they will cut rents by 50%.
OUE acquires majority stake in Indonesia-based coffee chain operator
Maxx Coffee will become an indirect subsidiary of the group.
Fraser & Neave's profits rose 4.3% to $58.3m in Q1 FY 2020
Higher sales from the company’s beverage and dairy products boosted quarterly earnings.
Tighter alcohol regulation in Vietnam could worsen ThaiBev's sales
The new drink-driving law already caused beer sales in the country to drop 25%.
Foodpanda floats 24/7 on-demand service for groceries, household items
Pandamart offers over 2,000 products and new partners like FairPrice Xpress.
Daily Briefing: EDB unveils new startup programme; NEA and SkillsFuture Singapore launches Hawkers' Development Programme
And a third of businesses plan to restructure amidst trade disputes.
How Ai Palette can solve the FMCG scene's multi-billion problem
Success rate of FMCG product launches is less than 10%, incurring a US$40b annual loss globally.
GrabFood opens first cloud kitchen in Singapore
A self-pick up option for customers would soon be introduced.
Singapore's alcohol industry ranked 10th most attractive in Asia
The country’s alcohol spend per capita is set to increase by 2.7% per annum from 2019-2023.
ThaiBev denies selling its Vietnam business
Such claims from various media sources are said to be “false and without merit”.
New F&N Foods plant breaks ground at Tuas
It is expected to be completed in late 2021 at a cost of more than $80m.
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