Dean & DeLuca, the luxury food chain, began life in 1977 as a downtown Manhattan destination for mascarpone, balsamic vinegar, radicchio and other specialties most Americans had never heard of, much less tasted. Based on the reputation built by the store’s founders, Giorgio DeLuca and Joel Dean, who curated fine food at their airy shop in SoHo, Dean & DeLuca has become a global brand since its first offshoot opened in Tokyo in 2003. As of today, there are more than 60 Dean & DeLuca cafes and markets operating in Asia, and three more in the Middle East. But in the United States, the chain, now owned by a Thai real estate magnate, is foundering. Since it was bought by Pace Development in 2014, Dean & DeLuca has pulled out of lease agreements, promised and revoked sponsorships, closed its stores in North Carolina, Kansas and Maryland, and consistently withheld payment from vendors, who are increasingly vocal in their outrage. Small vendors in New York City alone said … [Read more...] about Dean & DeLuca closes US stores as debts pile up
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Vietnam's NutiFood launches dairy factory in Sweden (Philstar.com) - May 31, 2019 - 9:00am STOCKHOLM, Sweden — The tripartite joint venture of Nutifood, Backahill Group, and The Cooperative of Skånemejerier Ekonomisk Förening dairy farms officially announced the operation of NutiFood Sweden AB Dairy Factory on May 27. The announcement was witnessed by Vietnamese Prime Minister Nguyen Xuan Phuc, and Swedish Prime Minister Stefan Löfven. Vietnamese Prime Minister Phuc together with his high-ranking delegation came from the invitation of Swedish Prime Minister Löfven to celebrate the 50th anniversary of establishing diplomatic relations between Sweden and Vietnam. NutiFood was the first big dairy enterprise of Vietnam to be invited to the event. NutiFood Sweden AB factory is NutiFood's investment project (owning 50% of the capital) with the Backahill Group of Swedish billionaire Erik Paulsson (25% … [Read more...] about Vietnam’s NutiFood launches dairy factory in Sweden
The Asiatic both at the fair will introduce “Cocomix” and “Cocoway”, brand-new products that the company is launching for the international market. Also on display are their feature coconut food and beverage products “Cocomax 100% coconut water” the No 1 drink for health lovers and “Ampawa 100% coconut milk”, along with other products. Nutapon Visuthikraisee, managing director of Asiatic Agro Industry Co Ltd said that the company is a large producer, processor and exporter of coconuts in Thailand. It was the first company to use the PET plastic format for coconut products. The company has been running under the concept of “Sharing coconut culture with the world” in a campaign that emphasises the bond between Thai culture and the coconut. Moreover, the company manages the value chain to ensure it makes use of all coconut parts, a process it calls “coconut value creation”. To do so, it brings global standards … [Read more...] about Asiatic aims to reinforces position in coconut industry
The move is in line with Lopal Tech Singapore’s expansion of its lubricant business in Southeast Asia and eventually, it hopes, the global market. Trisonic is a new global lubricant brand that was 100-per cent created and crafted in Singapore. The brand is owned by Lopal Tech Singapore, which is managed by a group of experienced professionals with decades of industry experience who have worked for some of the world’s biggest lubricants and performance additives companies. Shi Junfeng, chairman of Jiangsu Lopal Tech Co Ltd, said the company sees great potential in Thailand for its Trisonic lubricant business. “Thailand is our choice for the Trisonic global launch for many reasons. Thailand is the second largest lubricant market in Southeast Asia after Indonesia, with world-class lubricant manufacturing facilities,” Shi said. “Thailand has a large vehicle population for passenger cars, pick-up trucks and motorcycles at 8, 6 and 20 million units … [Read more...] about Singapore’s Lopal lubricates into Thai market
The significant advantage of a frequent flyer programme is obviously the miles. With these programs, frequent flyers receive perks such as free flights, upgrades and other travel-related perks. Luckily, there is no limit on how many programs you can join. But to get as many frequent flyer miles as you possibly can, it doesn't make sense to enrol in every single airline's programme. When selecting an frequent flyer programme, go for the airline that has the most flights out of Singapore or the one that serves the destinations you are likely to visit more often. FLY OFTEN, SAVE BIG When choosing the best airline rewards programme for you, there are three factors you should take into consideration: - How easy (or not) it is to earn a flight with your miles and rewards. - Whether you get extra perks other than flights. - Whether blackout dates apply to the programme. - How soon do the miles expire. - And, how easy it is to achieve a higher status (silver, gold, elite, etc.). WHY ARE … [Read more...] about Best frequent flyer programs in 2019: Are they still worth it?