Lavazza looks to carve out slice of Chinese coffee market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Lavazza opened a flagship outpost in Shanghai in 2020 and has since added more coffee shops across the country

For millennia the Chinese have turned to tea as their beverage of choice, typically jasmine or green varietals sipped from small porcelain cups. Then in 1999, Starbucks opened a Beijing beachhead that spawned thousands of other outlets across the country over the next two decades and got locals hooked on US-style coffee concoctions, from nitro cold brew to pumpkin spice latte.

Carving out a slice of the Chinese market won’t be easy for Lavazza, despite its more than a century of experience in coffee culture. It took Starbucks more than a dozen years to open 1,000 coffee shops in the country, and now the company is a dominant force with more than 5,000 outlets. Besides, Starbucks has decades of experience perfecting its network around the globe.

Already, the Lavazza locomotive is picking up speed in China, with more than 20 cafes that have cropped up across Shanghai, Hangzhou, Beijing, and Guangzhou. “Lavazza would have really struggled without a strong partner in China,” says Mark Tanner, MD of Shanghai-based marketing and branding firm China Skinny. “Starbucks has an unusually large market share, which leaves the other competitors to fight for the scraps.

Starbucks has been growing steadily in the country since 1999. The Seattle-based company can take credit for largely introducing the Chinese to specialty java drinks, especially consumers in the so-called tier 1 cities of Beijing, Shanghai, Guangzhou and Shenzhen.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

JSE faces Asian market pressure amid Chinese property jittersUS markets were buoyant overnight, but concern about the indebtedness of Chinese property developers is weighing on sentiment I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Johnteddy77 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »