Food & Beverage
F&N and Maxim's Caterers to acquire Starbucks Thailand
F&N and Maxim's Caterers to acquire Starbucks Thailand
The deal is expected to be completed by the end of May.
honestbee to hit the brakes on food delivery services on 20 May
About 400 delivery partners will be affected.
Temasek joins Impossible Foods' US$300m Series E funding round
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
ThaiBev profit surges 40% to $570.3m in H1
Its food business saw the highest revenue increase to $163.3m in Q2.
BreadTalk Group's profits up 11.5% to $1.32m in Q1
Its restaurant division’s revenue rose 9.8% YoY to $40.5m.
Fraser & Neave profits jumped 81% to $73.82m in H1 2019
It was boosted by its Thai dairies business and Singapore soft drinks unit.
No Signboard CEO arrested over share buyback probe
Shares have been bought above the regulatory limit for buybacks.
Daily Briefing: Grab to inject GrabFood into ride-hailing app; UOB bags $242m loan for Japan buy
And MOM eyes broadening its Adapt and Grow initiative.
BreadTalk Group to buy stake in Thai plastic bottle manufacturer for $24.26m
The acquisition will provide access to Thailand and Mekong region markets.
ThaiBev arm forms two new joint venture firms
It will also acquire the operator for Genki Sushi’s franchised business in Thailand.
GrabFood eyes analytics, business intelligence for partners as it vies for superapp status
GrabFood head Tomaso Rodriguez details his vision for the food delivery app.
F&B arena heats up as malls mix up tenant offerings: analyst
The advent of delivery apps has also become a double-edged sword for F&B players.
Deliveroo adds $302.7m in revenue to Singapore's economy: report
It provided 5,000 jobs across the Lion City’s F&B sector.
Chart of the Day: Tightening DRC could slash food services' earnings by 2.2%
Staff costs are projected to rise 10% in 2020 and 2021.
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.
foodpanda allows customers to earn KrisFlyer miles when ordering
KrisFlyer miles will be credited into users’ account within six weeks after each successful order.
ThaiBev launches luxury InverHouse whisky portfolio
The offerings focus on Ready to Drink spirits like the Kulov Max 7 vodka.
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