Coffeehouse chain Starbucks to launch plant-based food and beverages to menus across Asia

ASIA – Starbucks Corporation, a multinational chain of coffeehouses and roastery reserves, has announced that it will add plant-based food and beverages to menus across Asia from September, including products from Impossible Foods, Oatly and Beyond Meat Inc, as it targets more environment-conscious diners. The Seattle-based coffee chain said it was introducing products in markets such as Hong Kong, Singapore, New Zealand, Taiwan and Thailand that suit local tastes and preferences. Producing plant-based food and beverages is less demanding on the environment compared with items relying on animal agriculture, which…

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Carrefour accelerates its expansion with the acquisition Dairy Farm’s stores in Taiwan

FRANCE – Carrefour has entered into an agreement with Dairy Farm to acquire its proximity stores in Taiwan, further consolidating the French retailer’s position as the one of the leading multi-format food retailer in that market. The transaction involves Dairy Farm’s 224 proximity stores in Taiwan, 199 Wellcome – and 25 Jasons, as well as a warehouse for an enterprise value is EUR 97 million (US$108.37m). By combining these businesses, Carrefour said that customers and team members will benefit from the group’s greater strength and scale while allowing Carrefour to…

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Taiwan based tuna supplier FCF acquires Bumble Bee Foods for US$928m

TAIWAN – FCF Company, one of the world’s largest integrated marine industry supply-chain service providers based in Taiwan has acquired seafood and specialty protein company Bumble Bee Foods for US$928 million. In November last year, Bumble Bee Foods filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with FCF as part of the seafood processor’s strategy to reduce its debt burden caused by recent and significant legal challenges. FCT said that as the new owner of the Bumble Bees assets, it does not intend to no…

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Taiwan Flour Mills Association signs US$576 million wheat purchase deal with US

USA – The Taiwan Flour Mills Association has signed an two year agreement to buy US wheat sourced from Idaho in a deal valued at US$576 million. According to the letter of intent signed at Idaho, Taiwan Flour Mills Association plan to buy about 1.8 million metric tons of wheat, or 66.1 million bushels, between 2020 and 2021. The association buys wheat for all 20 Taiwan mills and has been purcgasing the commodity from Idaho wheat growers for more than 40 years. The amount is up slightly from two years…

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