WORLD NEWS
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Luckin Coffee surpasses 35,000 stores as non-coffee sales top US$2.9B
Luckin Coffee reports major growth milestone as non-coffee beverages surpass RMB 20 billion, supported by rapid global expansion and a store network exceeding 35,000 outlets worldwide.
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Ai-CHA enters India with first new Delhi store
The Indonesian tea and ice cream chain plans to expand across India through a royalty-free franchise model after launching its first outlet in New Delhi.
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Nestlé Japan appoints Motoi Shimakawa as President and CEO
Nestlé Japan has named beverage executive Motoi Shimakawa as its next President and CEO, succeeding Tatsuhiko Fukaya as the company accelerates digital and beverage growth.
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Ferrero invests US$69.3M in France to expand Nutella production
Ferrero’s latest investment package strengthens its French manufacturing network and supports the launch of Nutella Cookies production in Europe.
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China leads global blueberry production as Yunnan expansion drives Southeast Asia exports
Chinese blueberries are becoming more competitive in Southeast Asian markets due to lower pricing and improved quality.