Wednesday, April 1, 2015   

Tianjin snack maker Goubuli to buy US coffee chain
(01-08 19:00)

Tianjin-based Goubuli, a renowned Chinese food brand known for its steamed, stuffed buns, announced it expects to acquire a well-known American coffee chain in the first half of this year.
Goubuli did not reveal the name of the American coffee chain.
“The negotiation has entered the final stage," said Zhang Yansen, Goubuli chairman. “It's not convenient for us to disclose the details."
But he did say that the coffee chain currently runs hundreds of shops in more than 40 countries and regions in Europe, the United States and southeast Asia.
Goubuli can use the coffee chain's business network to promote high-quality Chinese cuisine overseas, according to Zhang.
Goubuli, established in 1858 and headquartered in the northern port city of Tianjin, has gained momentum in its expansion overseas in recent years.
It forged a partnership with Singapore-based food manufacturer Tee Yih Jia in October 2013 to sell Goubuli products in over 50 cities in the Asia Pacific market.—Xinhua


   
Other Business breaking news:
British economy grows faster than expected (03-31 18:14)
China home prices fall in March: survey (03-31 18:12)
German unemployment falls to new post-unification low (03-31 18:07)
No AIIB seat for Taiwan: Beijing (03-31 17:52)
HK retail sales jump in February (03-31 17:14)
Japan backs away from AIIB, Taiwan seeks a seat (03-31 16:51)
Kingfisher to close British home-improvement stores (03-31 16:41)
New taxi app challenges Uber in Korea (03-31 16:20)
Hang Seng ends higher, Shanghai down (03-31 16:12)
Philips to sell major stake in LED, car lighting arm (03-31 15:48)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.