Secret Recipe Opens New Restaurant In Jiangsu
Secret Recipe, a Malaysian restaurant chain, opened its first restaurant in Changzhou, Jiangsu province, and the number of Secret Recipe restaurants now tops 70 in China.
Food & Beverage
Abbott, Fonterra Team To Build Milk Farm In China
Abbott and Fonterra have signed an agreement to jointly build a cow breeding base in China.
Coca-Cola Invests CNY600 Million For Northern China Expansion
Coca-Cola's new factory in the Heilongjiang province city of Harbin has started construction.
Wal-Mart Enhances Supplier Checks And Focuses On Food Safety In China
Paul Gallemore, chief compliance officer of Wal-Mart China, announced that after the company's decision to invest CNY100 million in food safety from 2013 to 2015, Wal-Mart plans to further increase its investment and the total…
Chinese Bread Retailer Invests CNY440 Million For Store Renovations
According to Luo Tian'an, chairman of the China-based bread and cake retailer Christine, to reverse its performance decline the company plans to invest CNY440 million for store renovations in the next three years.
China's Dicos Launches Employee Franchise Program
Dicos, a China-based Western-style fast food restaurant chain, announced that the company will open franchising rights to employees.
China's Huishan Dairy Teams With Dutch Company For Joint Venture
China's Huishan Dairy Holdings Company Limited and Netherlands' Royal FrieslandCampina N.V. have reportedly entered into exclusive talks for creating a joint venture to produce and sell infant milk formula in China.
South Beauty Acquired By CVC
Private equity and investment advisory firm CVC Capital Partners announced that they have gained the approval of related authorities to acquire the Sichuan cuisine restaurant brand South Beauty.
Yum Reports Increase Of Individual Store Sales In China
The world's leading food and beverage group Yum! Brands Inc. published its financial report for the first quarter of financial year 2014, stating that its operating revenue was USD2.72 billion, a year-on-year increase of 7.5%.
Metro Adds Food Customization And Catering Services In China
According to Jeroen de Groot, China president of the German retail giant Metro AG, the group will launch a new food service distribution platform which will provide food customized procurement and processing services to hotels…