The Landis Group (亞都麗緻集團) yesterday said it aims to raise food and beverage sector contribution to its sales by introducing Boost Juice Bar, an Australian chain that focuses on offering nutritional drinks, to Taiwan in the second quarter.
The group, which operates hotels and restaurants, including the Landis Taipei Hotel Co Ltd (亞都麗緻大飯店), said the chain has more than 250 shops in Australia.
The group has expanded its food and beverage business in recent years, including establishing the Liz Dining Group (亞緻餐飲), which operates restaurants and bakeries.
The group is also looking to cooperate with department stores to expand its Liz Gastronomie (麗緻坊) bakeries, Tien Hsiang Lo (天香樓) Chinese cuisine brand and Brasserie Liz (麗緻巴賽麗) French cuisine imprint, Landis Group president Michelle Hsu (徐儷萍) said.
The group’s consolidated sales totaled NT$1.03 billion (US$32.62 million) last year, the most in its history and up 5.54 percent from a year earlier, with the Landis Taipei contributing NT$280 million and Liz Dining adding NT$120 million, Taiwan Stock Exchange data showed.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
RSS