View this email online | Add newsletter@businessinsider.com to your address book
|
|
| | | | | Advertisement The big players in the coffee industry really want Chinese people to drink more coffee, and they're putting their money in the pot. They're desperately trying to create a coffee culture in China. Remember, coffee in China is still a "trend," not a "habit," Xi Ci, executive director of Shanghai Timo Coffee Co.?told Red Luxury.? So who's trying to make a difference in China? Starbucks?is planning to triple its workforce and number of stores ? from 500 to 1,500 ? over the next three years, reports Rose Yu at the Wall Street Journal. That's a huge commitment for the brand, but it seems confident about it. It has already played a key role in getting the Chinese to drink coffee, with its trendy establishments attracting wealthy consumers. Nestle is making big-time moves in China too. The brand is already China's dominant instant coffee brand and boasts a 75% chunk of market share. That's not enough for Nestle though. In late 2011 the global food juggernaut announced that it's planning to double its coffee presence in China, according to Li Fangfang at China Daily. Columbia, the world's second-largest grower of Arabica coffee, is also ramping up its influence in China. The country's National Coffee Growers Federation has created a logo, and is starting to host folks in China for tastings to try to bolster coffee' brand, reports Heather Walsh at China Daily.? NOW SEE: 18 Booming Chinese Brands That Could Take Over The World > Please follow War Room on Twitter and Facebook. | | | | |
| | |
|
If you believe this has been sent to you in error, please safely unsubscribe.
morgan freeman jon huntsman bit coin huntsman w.e. episodes idris elba
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.