Author: Xiaoshidai Integration
Today's Takeaways
- Domino's China expanded again in early May
- Jingtian's senior management visited the Luohe exchange project in Henan
- Sushiro's parent company expects a significant increase in profits
- Several beverage brands have launched products in large bottles
- Sam's will launch an online business in Hong Kong
The CEO of Kraft Heinz follows a strict regimen
The latest company news
Domino's China expanded again in early May
Today, Domino's China franchisee Dashi Co., Ltd. said that it expanded again in early May, entering three cities in Taizhou, Huizhou and Jinhua within a week, and has expanded to 33 cities in China, operating more than 850 stores in China. The company said it plans to open its 1,000th store in China in the fourth quarter of 2024. Among them, the opening of the first stores in Huizhou and Jinhua broke the daily sales record of Dashi Co., Ltd. stores and reached a new high. At present, in the first 30 days of sales of Domino's global stores, Domino's shares occupy all the top 20 seats. (Company Release)
Reborn Coffee宣布将进军中国市场
Reborn Coffee, an American coffee chain, has announced its expansion into the Chinese market through a strategic master license agreement with interior design consultancy IAID Holdings. The agreement will first introduce a flagship store in Guangzhou, located in a "tourist-filled central historic district", and in the future, Reborn Coffee will expand to major Chinese cities such as Shanghai and Shenzhen. According to the data, Reborn Coffee, headquartered in California, USA, is a NASDAQ-listed company, and currently has 14 self-owned stores and 4 sales sites. (Company Release)
McDonald's released a statement about recent media reports
Today, McDonald's China issued a statement saying that it is grateful to the media for its monitoring and reporting. "We are actively cooperating with the local market supervision authorities in their investigation and verification," the statement said. We will not tolerate any violation of the operating standards and will take it seriously. We apologize for the impact on the restaurants involved. It is our duty to further strengthen the implementation and enforcement of restaurant operating standards, and insist on passing on the correct values to every restaurant and every employee. Previously, according to the "Beijing News", its reporters went undercover for McDonald's Zhengzhou Excellent Agricultural Federation Restaurant and McDonald's Jinan University Restaurant, saying that they found that both restaurants had problems such as tampering with food shelf life labels, using expired ingredients, selling food after the expiration date, and cutting corners. (Company Release, Interface)
GOME is exploring cooperation plans with Leerle
Recently, Che Haiyan, vice president of Leerle Group, revealed: "At present, we are in the stage of two-way familiarity with Gome, the framework agreement has been signed, and the cooperation plan is being discussed. At the end of April, Huang Guangyu, the founder of Gome Group, visited Leerle at night, and after the visit, the cooperation agreement was signed. It is reported that Leerle is a hard discount supermarket located in Changsha, Hunan. According to the data on the official website of Leerle, there are currently more than 4,000 Leerle stores, of which more than 90% of the stores are franchised stores. (Time Weekly)
Danone China accounted for 11% of global revenue last year
A few days ago, Sheng Ruian, the global CEO of Danone Group, said in an exclusive interview with Xinhua News Agency that he has visited China many times since last year and deeply feels that China is at the forefront of the world in terms of digital development. "Danone is increasing its investment in the Chinese market and investing in new quality production capabilities, including local talent development, digital construction, cutting-edge technology and local factory upgrades." Since 2023, the Chinese market has accounted for 11% of Danone's global revenue. (Note: Danone's global net sales in 2023 will be equivalent to about RMB 215.2 billion) In the first quarter of 2024, Danone's revenue growth rate in China was among the highest in the global market. (Xinhua News Agency)
Sushiro's parent company expects a significant increase in profits
RECENTLY, FOOD & LIFE COMPANIES, THE PARENT COMPANY OF SUSHIRO, ANNOUNCED THAT IT EXPECTS A CONSOLIDATED NET PROFIT OF 13 BILLION YEN (EQUIVALENT TO 600 MILLION YUAN) FOR THE FISCAL YEAR ENDING SEPTEMBER 2024, AN INCREASE OF 65% FROM THE PREVIOUS FISCAL YEAR. The company said traffic from the pandemic recovered faster than expected, with same-store sales at conveyor belt sushi chain Sushiro up 20% year-on-year as of March. (Nikkei)
Yoshinoya has more than 100 gyudon stores in Japan
Recently, Yoshinoya Holdings has been actively opening new stores. In addition to planning to open more than 100 new Yoshinoya stores in Japan this year (for the first time in 15 years), the company also plans to triple the number of udon noodle chain Hanamaru's stores from the previous year. The company plans to open 300 new stores, including a ramen chain. With the increase in demand for eating out, the company aims to expand its market share by aggressively opening new stores. (Nikkei)
Kraft Heinz said it is committed to making products healthier
A few days ago, Carlos Abrams-Rivera, CEO of Kraft Heinz, said that he pursues intermittent fasting, that is, eating two meals a day, both between 11 a.m. and 7 p.m.; Six days a week, lift weights and do high-intensity workouts; One day a week, he eats dessert, usually a scoop of mint sliced ice cream. He said that the strict regimen is to allow himself to live better and longer. Inspired by him, employees across the company are also experimenting with intermittent fasting, and some of them have lost significantly weight. He said he is committed to making the company's products healthier, in part by reducing the sodium and sugar in them over time. (Wall Street Journal)
Investment and financing
Jingtian's senior management visited the Luohe exchange project in Henan
Recently, Zhao Hongyu, deputy secretary of the Party Working Committee and director of the Management Committee of the National Luohe Economic and Technological Development Zone, met with Hao Linian, executive vice president of Shenzhen Jingtian Food and Beverage Co., Ltd., and his party to communicate on the construction of the project. District leaders Xu Tianshen and Lin Na, accompanied by relevant responsible comrades of the Yangtze River Delta Investment Service Center. (Official website of the National Luohe Economic and Technological Development Zone)
Yili plans to invest 4.457 billion yuan in five major projects this year
A few days ago, Yili announced that the company will invest 4.457 billion yuan in five major projects this year. Among them, in the construction of liquid milk projects, the company plans to invest 1.607 billion yuan to improve the layout of domestic production bases, the expansion of existing production bases, and the upgrading of production lines; In terms of the construction of milk powder projects, it is planned to invest 1.155 billion yuan for the reconstruction and expansion of milk powder bases at home and abroad, and in the construction of cold drink projects, it is planned to invest 340 million yuan to improve the layout of production capacity and optimize and upgrade existing factories. In terms of the construction of yogurt projects, it is planned to invest 92.8339 million yuan for the optimization and upgrading of existing factories, and in terms of comprehensive expansion projects, it is planned to invest 1.262 billion yuan for business expansion, industrial mergers and acquisitions, and promotion of international projects in the field of big health food. (Company Announcement)
R&D and innovation
Starbucks plans to launch eOlive in more stores
Today, according to the Starbucks China video account, Starbucks will launch a series of e-olive drinks in "more stores" from May 16. It is reported that stores in many cities across the country and most of the selected stores will launch the product in the near future, with nearly 2,500 stores. (Company release, snack generation)
Let the tea bamboo fragrance oolong tea packaging upgrade
Today, let the tea bamboo fragrance oolong tea usher in the packaging upgrade, and the cute baby panda "let let" stickers have been added. "Let Jean" panda illustration by Ouyang Pengjie, one of the leaders of the new generation of pen painting, well-known painter and illustrator, bamboo fragrance with panda, in order to cater to young consumers for "bamboo" and "panda" national style elements of the craze. It is said that as a rare bamboo-flavored sugar-free tea drink on the market, "Let Tea Bamboo Fragrance Oolong Tea" adopts a three-eight large-caliber design, "you can smell a faint bamboo fragrance when you open the lid", and then match the realistic illustrations of bamboo leaves and panda babies on the packaging, hoping to create a product experience of bamboo forest tea fragrance for consumers from the sense of smell, taste and vision. (Company Release)
Heytea and BE@RBRICK jointly launched new products
Today, according to Heytea's official WeChat, it co-branded with a well-known trendy toy BE@RBRICK to launch a new Kuhei 2.0 limited edition BE@RBRICK Black Pineapple and a co-branded version of the doll set. In addition, the cool black pop-up space created by Heytea will also be launched on May 31, and the co-branded drinks will be sold on site, as well as the super large HEYTEA cool black cup punch-in device and the co-branded limited photo paper. (Company Release)
依云与Grid Coffee联合推出新品
Today, according to Evian's official WeChat, Evian and Grid Coffee will jointly launch two new cold brew products using Evian to drink natural mineral water, and will participate in Grid Coffee's month-long natural cold brew season from today. (Company Release)
ESG
Yili and WWF jointly established the "Citizen Scientist Empowerment Center"
Recently, a high-level delegation of more than 20 people from the World Wide Fund for Nature (WWF) visited Yili's Modern Smart Health Valley, visited the National Dairy Technology Innovation Center, Elechuan Ecological Smart Ranch and other dairy landmarks, learned about the latest achievements of China's dairy science and technology, felt the vigorous vitality of China's dairy development, and unveiled the "Citizen Scientist Empowerment Center" in the Health Valley to explore more possibilities for deepening cooperation with Yili. (Company Release)
The first batch of students of Totole "Love Kitchen" and "Star Chef" have finished their classes
On May 11th, the closing ceremony of the first batch of students of Totole's "Love Kitchen" cooking teaching course was held in the Xingcai Autism Care Center in Pudong New Area, Shanghai. Since its launch in September 2022, Totole's "Caring Kitchen" project has established long-term relationships with five schools in Shanghai, Yunnan and Sichuan, providing a platform for children with special needs and children in mountainous areas to learn and practice. (Company Release)
The second Nescafe 2030 Plan Releases Progress Report was released
Today, the second "Nescafe 2030 Plan Release Progress Report" was released. According to the report, in 2023, more than 20% of Nescafe coffee came from farmers who implemented regenerative agriculture practices; Farmers in countries such as Honduras, India, the Philippines, Thailand and Vietnam have increased their coffee yields by 5% to 25% per hectare compared to 2022. Philipp Navratil, head of Nescafe's strategic business unit, said the second report shows the company's efforts on a daily basis in the regions where it sources its coffee.
Industries at a glance
The 3.15 party exposed that 3 companies of trough meat were revoked their production licenses
A few days ago, the national enterprise credit information publicity system and the official website of the Fuyang Municipal Market Supervision Bureau of Anhui Province showed that the three companies (Anhui Mr. Chef Food Co., Ltd., Anhui Donghui Food Technology Co., Ltd., and Fuyang Spring Food Co., Ltd.) that were exposed by CCTV on the 3.15 evening party used inferior trough meat to produce plum vegetable button meat have been included in the list of serious violations and dishonesty by the Fuyang Municipal Market Supervision Bureau, and the food production license has been revoked, and fined 4.2 million yuan, 5.7344 million yuan, and 2.9376 million yuan respectively. A total of 12.872 million yuan. (Market Supervision Half Moon Salon)
Several beverage brands have launched products in large bottles
Recently, a reporter from China Consumer Daily visited a number of supermarkets in Beijing and found that many brands such as Yuanqi Forest, Fulan Farm, Suntory, and Huayang 1982 have launched large bottled beverages ranging from 1 liter to 2 liters. In addition to beverage brands, drinking water companies have also launched large-package products. At present, with the increase of consumers' social activities, large-packaged beverages usually have higher cost performance and are suitable for various consumption scenarios such as families, parties, and outdoor sports. (China Consumer Daily)
A number of industry giants have reported high operating costs in Australia
Global food and beverage suppliers including Mars, PepsiCo and Unilever have recently warned about manufacturing costs in Australia as energy bills and labour costs continue to rise. Australia is one of the most expensive countries to do business in the world, which puts pressure on the company's profitability, which in turn limits the company's ability to invest in people and equipment machinery, the companies said. (Australia-China Finance Online)
Internet+
Sam's will launch an online business in Hong Kong
Yesterday, the South China Morning Post reported that Sam's Club is about to open online business in Hong Kong. According to the report, two Sam's employees in Shenzhen said that they would open the service in the near future, and they could enjoy free delivery if they purchased more than 599 yuan (about 660 Hong Kong dollars). Today, Sam's response did not deny that it will soon open an online business in Hong Kong. However, he could not reply to information such as whether to increase categories in the future and set up a front warehouse in Hong Kong, only saying, "Sam's will continue to improve our service capabilities through more and better ways." (Interface News)