Chagee’s U.S. debut highlights its international expansion strategy following a successful IPO and strong global sales performance.
The agri-tech firm moves to strengthen its footprint by buying stakes in key regional players.
The move marks Spar’s entry into East Africa and its 12th active market on the continent.
The acquisition signals a major push into the convenience store sector, with plans to open 400 new stores this year.
Illycaffè’s record revenue and profit in 2024 was driven by robust international expansion and rising Horeca demand.