Taipei Times: With a history of 80 years in Belgium, Godiva only entered the Taiwanese market four years ago, but now it has opened it's first-ever Godiva cafe in Taipei. Why did you choose Taipei and the Breeze Center (
Tom Chu (
The second reason is that Breeze Center's customers have shown stronger purchasing power in chocolates and using our materials to make coffee should also be very popular too. The risk of having a cafe here would be minimal. If we open a cafe in another place, we might have to find new customers and would encounter more marketing difficulties.
PHOTO: JACKIE LIN, TAIPEI TIMES
TT: The cafe has been open as a trial run for more than a month. How's the response so far?
Chu: The performance has been very, very, very good [big laugh]. This is not only reflected in the brisk sales, but also because the Liao family [Breeze Center chairman Paul Liao (
TT: Do you have plans to extend the cafe model to other cities and markets in Asia?
Chu: I estimate that Taipei can accommodate three to four such cafes and the second one will open in the second half of next year. Taichung also has strong potential.
In Taiwan alone, our goal is to double the number of existing stores to around 25 within the next two years. As the cafe has just opened, we'd like to see how it goes before deciding how many cafes we will have in the long run.
Outside of Taiwan, the second market for cafes would be in Hong Kong or Japan as their consumption power is strong and customers have made requests after reading Godiva cafe reports about this new store in Taipei.
TT: As Godiva's Asia chief, would you give some insight into Asians' consumer behavior and how Taiwan is different from its counterparts?
Chu: Godiva has been in Japan for 35 years and nearly 97 percent of people know our brand. In Taiwan, we're only just starting off. Taiwanese customers can be categorized into two groups. One is those who are conscious of fashion or lifestyle trends and simply love our chocolate. The other group is more mature in age, and prefer healthier chocolates with a higher cocoa content.
A remarkable trend is that young girls are willing to spend more on quality chocolates, facials or massages to take care of themselves. Premium chocolates are not just a gift-giving decision but a reward for customers themselves. As such, we've decided to speed up our expansion plan to satisfy rising demand.
TT: So you're confident about expanding Taiwan's premium chocolate market?
Chu: No doubt. Many large, expensive chocolate brands are also planning to enter the local market as the time is ripe. During the last fiscal year ending July 31, Taiwan saw Godiva sales grow by 46 percent from the previous year, the biggest jump over the past few years because of changes in consumption habits.
TT: What do you think about the Chinese market?
Chu: Godiva has yet to enter the China market, although we sell products at duty-free shops in airports. China will be the rising star as Starbucks and Haagen-Dazs have had good sales. But our priority is to achieve stable performance in Taiwan and Hong Kong first.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
RSS