Oak Brook / IL. (md) McDonald´s Corporation will convert some of its Japanese stores into cafes as it takes on coffee-shop chain leader Starbucks Corporation. McDonald´s Holding Co. Japan Ltd. will open 15 McCafe coffeehouse-style stores next month in the Tokyo area, announces a press release.
McDonald´s has 3.800 stores in the world´s second-largest economy (Japan), and is seeking to boost sales by offering consumers bakery items and coffee drinks. Starbucks Coffee Japan Ltd., established in 1995 as a joint venture between Seattle-based Starbucks and Japan´s Sazaby League Ltd., had 686 stores in Japan as of March. According to «Japan Today» the cafe business in the country has been shrinking and stood at 1,052 trillion Yen in 2006, down five percent from 2005.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center