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.
Taiwan-based cafe and bakery chain 85°C has formally entered Xiamen, Fujian province.
Pasco, a Japanese bread manufacturer, has jointly announced with Itochu Corporation that the two companies will cooperate with China's Ting Hsin International Group to explore China's bread market.
Having 350 cafes in Taiwan and with an annual business volume of RMB1 billion, 85 Cafe opened its first mainland cafe on Weihai Road, Shanghai four months ago.