China: Starbucks signs partnership with Tingyi Holding Corp
Starbucks has announced the signing of a partnership with Taiwanese food and beverage producer Tingyi Holding Corp to expand distribution of its products in China. Under the terms of the agreement, Tingyi, the second largest seller of drinks products in China, will manufacture and sell the Starbucks RTD portfolio in China and help the American […]
China: Tingyi set for new spate of acquisitions in 2014
Tingyi, one of China’s largest food and drinks manufacturers, is looking to further develop its portfolio, according to Bloomberg. Tingyi already has alliances with PepsiCo and Asahi Group and is looking to add to these deals in 2014. The company is contemplating a new strategic alliance considering both domestic and overseas brands for deals and […]