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%.
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…
Worldpay has opened its first China sales office in Shanghai to service the increasing global ambitions of Chinese businesses who have global e-commerce payment needs.
Chinese meat processing company Shuanghui recently established a new sales company in the China (Shanghai) Pilot Free Trade Zone, and the company will import products from Smithfield Foods to further establish a global supply network.
The Estée Lauder Companies Inc. launched the Jo Malone London brand in China at the Mitsukoshi store in Beijing.
Zeng Qishan, chief executive officer of McDonald's China, says that the company plans to add 300 new restaurants in China in 2014.
China's Bright Dairy and Australia's Pactum Dairy Group reportedly signed a strategic cooperation agreement in Sanya, Hainan.
According to Craig Leavitt, chief executive officer of American apparel group Kate Spade & Co., the group plans to open up to 12 Kate Spade New York stores in China in 2014.
Japanese retail group Aeon announced that Zhu Jing, managing director of Aeon, has been officially appointed president of Aeon China Company Limited.