Viewing posts categorised under: Hospitality / Tourism / Retail

Nestlé Reports Half-year Results for 2022

by swisschambei in Hospitality / Tourism / Retail

Mark Schneider, Nestlé CEO, commented: “In the first half of the year, we delivered strong organic growth and a significant increase in underlying earnings per share. Our local teams implemented price increases in a responsible manner. Volume and product mix were resilient, based on our strong brands, differentiated offerings and leading market positions. We limited the impact of unprecedented inflationary pressures and supply chain constraints on our margin development through disciplined cost control and operational efficiencies. At the same time, investments behind capital expenditure, digitalization and sustainability increased significantly. We are focused on creating shared value over both the short and long term. Growing food insecurity around the world and heightened climate concerns, following an increase in unusual weather patterns, underlines the importance of this strategic direction. Good for you and good for the planet are the two key strategic pillars that our company pursues in an unwavering manner, even in the face of significant short-term challenges.” Regarding Zone Greater China, Organic growth was 2.3%, with RIG of 1.6%. Pricing reached 0.7%, turning positive in the second quarter. Foreign exchange had a positive impact of 3.8%. Reported sales in Zone Greater China increased by 6.0% to CHF 2.7 billion. Zone Greater China reported low single-digit organic growth, impacted by COVID-19-related movement restrictions. Growth was supported by robust demand in e-commerce channels and continued innovation.

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Militzer & Münch Opens Branch in Shenyang

by swisschambei in Hospitality / Tourism / Retail

On July 1, the Militzer & Münch Group took into operation the ninth M&M branch office in China. With the new office in Shenyang, the logistics company now also covers the northeast of the country. After the opening of a branch in Chongqing at the beginning of the year, the presence in Shenyang is another milestone in Militzer & Münch’s growth strategy. With this move, the company is consolidating its network of local experts: M&M now counts 100 employees in China. Branch manager Colon Sun will head and develop the new location. A specialist for the market in Northeast China, he has been active in the international freight forwarding industry for eleven years. “In Colon Sun, we have won an experienced expert for our new branch office,” says Andreas Löwenstein, Militzer & Münch Regional Managing Director Asia / Far East. “We are convinced that he and his will be able to further expand our local business. With our presence in the northeast of the country, we can now also offer our customers diversified, high-quality services in that area.” Nine million people live in the metropolis of Shenyang, the capital of Liaoning Province and one of China’s most important heavy industry centers. With its proximity to the modern port city of Dalian, its links to the country’s three northeastern provinces and to the neighboring economic zones to the south and east, Shenyang is a major transportation hub.

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Cathay, Lufthansa Cargo Expand Agreement to Include Swiss WorldCargo

by swisschambei in Hospitality / Tourism / Retail

Cathay Pacific and Lufthansa Cargo announced the entry of Swiss WorldCargo into the airlines’ joint business agreement, providing cargo customers with more direct connections, more flexibility and more time saving. “The entry of Swiss WorldCargo builds on the joint business agreement signed in 2016 between Cathay Pacific and Lufthansa Cargo, which enables the two airlines to cooperate in terms of sales, pricing, contracts, and the handling of shipments between Hong Kong and Europe,” according to a statement from Cathay Pacific. Cathay Pacific and Lufthansa Cargo already have a close collaboration on international lanes via their hubs in Hong Kong and Germany while the handling of cargo in Hong Kong is coordinated under one roof at the Cathay Pacific Cargo Terminal of Hong Kong International Airport. “Under the expanded joint business agreement, Cathay Pacific, Lufthansa Cargo and Swiss WorldCargo will work closely together on network planning, as well as on sales, IT and ground handling. Initially, the airlines will cooperate on traffic from Hong Kong to Zurich and Frankfurt with traffic to and from Hong Kong and the rest of Europe planned to be included later this year.” Cargo customers will be able to access the entire joint network via the booking systems of all three partners, the statement added.

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Firmenich Signs Strategic Partnership Agreement with HARMAY in China

by swisschambei in Hospitality / Tourism / Retail

Firmenich, the world’s largest privately-owned fragrance and taste company, is proud to announce a new strategic partnership with HARMAY, a leading new retail brand in China. Under the agreement, Firmenich and HARMAY will join forces to contribute to the development of the Fine Fragrance category in China, by leveraging their respective capabilities to support the development of new fragrance brands, concepts, experiences and models. “As a world leader in fine fragrance, Firmenich is focused on leading the transformation of this industry and creating trends to future-proof the business,” said Ilaria Resta, President, Global Perfumery, Firmenich. “After more than 30 years of successful operations in China, this partnership with HARMAY serves as a significant enhancement to our capabilities in China and fortifies our ambitions as the partner of choice in the Chinese market.” Founded in 2008, HARMAY is China’s premier global beauty collection store, a warehouse-based aesthetic new retail brand with a strong Generation Z customer base. The brand has become synonymous with art and culture in China by offering premium beauty, skincare, fragrance and lifestyle products through its online and offline stores. All of its offline stores feature innovative designs and have gained a loyal following for their unique consumer experience.

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Dada Group and Nestlé Strengthen Cooperation to Boost Omni-channel Growth

by swisschambei in Hospitality / Tourism / Retail

Dada Group, China’s leading local on-demand delivery and retail platform, and Nestlé (China) Co., Ltd.  announced that they would strengthen cooperation on omni-channel marketing and digitalization. Philip Kuai, Founder, Chairman and CEO of Dada Group, and Rashid Qureshi, Chairman & CEO of Nestlé Greater China Region, signed a joint business plan in Beijing. “Nestlé has always focused on shoppers and optimized the efficiency of its supply chain through big data, blockchain and other technologies. Digital transformation is full of opportunities and challenges, and joint operation and win-win is the only way. For cooperation with Dada Group, I am very confident that both sides will jointly create a data-driven new retail business model, so that our shoppers can have a better and more convenient shopping experience,” said Rashid Qureshi, Chairman & CEO of Nestlé GCR. “Nestlé is a strategic partner of Dada Group. We have jointly created a series of outstanding cooperation cases in on-demand retail. In the future, the companies would enhance collaboration on omni-channel and digitalization, improving the sales and operating efficiency, and leading the development of food and beverage categories in on-demand retail market,” said Philip Kuai, Founder, Chairman and CEO of Dada Group. Hong Kong singer-actor Aarif Lee Chi-ting also shared his affection for Victorinox by saying that “‘Swiss spirit’ represents craftsmanship, firm dedication, a passion for meticulous work, an attitude of striving for excellence, as well as relentless pursuit of innovation and perfection.”

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Swiss Luxury Skincare Brand Cellcosmet Makes China Debut with HTDF

by swisschambei in Hospitality / Tourism / Retail

Swiss skincare, beauty and wellness brand Cellcosmet launched yesterday at Hainan Tourism Duty Free Shopping Complex in Sanya, marking the high-end skincare label’s first physical store in China.
Hainan Tourism Duty Free Shopping Complex is operated by licence holder Hainan Tourism Investment Duty Free Co (HTDF), which opened the store in downtown Sanya on 30 December last year. As reported, during the past month the retailer has introduced a wide array of fashion and high-end brands. It has added 59 brands to its cosmetics and fragrance zone, ranging from niche cult favourites to high-end names. Since opening, Hainan Tourism Duty Free Shopping Complex has attracted more than 700 international and domestic brands, covering 45 offshore duty free categories. Luxury skincare brands include La Mer and La Prairie. The Cellcosmet launch ceremony on the fourth floor of the retail complex was attended by HTDF Chairman and General Manager Xie Zhiyong, Cellcosmet China General Manager Zhang Yong and Deputy General Manager Sun Yahong, along with other senior executives.

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Cainiao, Nestlé Team up on Promoting Greener Supply Chain

by swisschambei in Hospitality / Tourism / Retail

Cainiao Network has teamed up with Nestlé to promote a greener supply chain for the leading Swiss food company’s operations across China. Alibaba’s logistics arm said the cooperation is an ‘industry first’ when it comes to achieving sustainable end-to-end supply chain management, which will transform Nestlé’s operations from the production line all the way to warehousing, transfer, distribution and package recycling by end consumers. Both companies have already started working last month on a recycling service on Cainiao’s app and its mini-programs on Alipay and WeChat. Chinese consumers who purchase products from Nestlé’s premium coffee brand Sense Café, for instance, can use a new mobile feature to book a time slot for couriers to pick up the used packaging at their doorsteps for free, which will be delivered to the recycling sites. The move comes as Alibaba steps its effort to reduce its carbon footprint, along with brand partners like Nestlé, with a shared goal of reaching net zero emissions. With consumption reaching new levels in China, there is growing importance to “preempt the transition towards a greener supply chain, with concrete and step-changing sustainability actions,” said Tony Domingo, Nestlé’s senior vice president of supply chain and procurement in the Greater China region.

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SWISS Reveals Premium Economy Cabin To Be Launched Before 2022

by swisschambei in Hospitality / Tourism / Retail

SWISS has revealed it will launch a new premium economy cabin by the end of the year. The cabin has a retro-business feel about it and will be fitted to the entire fleet of Boeing 777 aircraft operated by the airline by the start of next summer. The airline will be placing 24 seats from ZIM in the cabin with a 2-3-2 configuration between the economy and business class cabins. SWISS revealed that it is already selling tickets for the premium economy cabin on flights from April 2022. The airline announced that before this, the cabin would be offered as a paid upgrade for economy passengers, where available, during the introductory phase. The airline’s Boeing 777s are planned to fly to Bangkok, Hong Kong, Los Angeles, Miami, San Francisco, São Paulo, and Singapore.

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Nestlé’s New Investment Projects Settled in Guhe Subdistrict, Laixi Qingdao

by swisschambei in Hospitality / Tourism / Retail

Nestlé, Laixi Government and Laixi Guhe Subdistrict Office jointly hosted the signing ceremony of new investment projects in Guhe Subdistrict of Laixi, a county-level city in Qingdao, east China’s Shandong province. This marks another major project in Laixi for this Fortune Global 500 company after 25 years. The Guhe Subdistrict of Laixi, where the Qingdao Laixi Food Industry Cluster (ca. 10.73 km²) is located, has been giving full play to the role of leading enterprises including Nestlé to drive the formation of a complete industrial chain integrating food processing, packaging, storage and transportation. The new project has decided to settle in Laixi for its optimized business environment and efficient government services. Several rounds of talks were held by local governments to facilitate the successful landing of the new projects. “We want to show Nestlé China’s headquarters in Beijing our sincerity in making partnership and the bright future of cooperation between the two sides”, said Xu Donghui, secretary of the Party Working Committee of Guhe Subdistrict, Laixi City. At the ceremony, Nestlé announced a series of new initiatives in Laixi, including the establishment of a product innovation center, launch of new Gerber puree products, expansion of its production capacity and further promotion of sustainable development, covering its main businesses of infant supplement food, coffee and dairy products, etc.

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Nestlé Launches Plant-Based Harvest Gourmet Brand in China

by swisschambei in Hospitality / Tourism / Retail

Nestlé launched its plant-based Harvest Gourmet brand in China, moving into the country’s meat substitute industry that has seen a surge of interest from investors and brands over the past year. The Swiss food and drink giant said the brand, which is available in Australia, would offer burgers, sausages, nuggets and mince, and will also sell dishes aimed to appeal to Chinese taste-buds, such as kung pao chicken, braised meatballs and pork belly. Demand for alternatives to regular meat is surging due to concerns about health, animal welfare and the environment. Entrants to China’s meat substitute market in recent months have ranged from domestic firms Zhenmeat and Starfield to U.S. firm Beyond Meat Inc, which has collaborations with Starbucks and Yum China’s KFC chain. Harvest Gourmet products sold in China will be produced by Nestlé’s faux-meat factory in Tianjin, its first in Asia. The brand will open an online store on Alibaba Group’s Tmall marketplace this month, and will gradually start offering products for sale from Alibaba’s Hema supermarket chain by the end of 2020, Nestlé said. “We see China leading the trend towards a new generation of plant-based food in Asia, as people look for options that are good for them and good for the planet,” Rashid Qureshi, chief executive of Nestlé Greater China, said in a statement.

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July 28, 2022
Published By nestle.com in Hospitality / Tourism / Retail
July 27, 2022
Published By reuters.com in Bank / Finance / Insurance
July 13, 2022
Published By swissinfo.ch in Legal / Tax / Consulting / Services
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Published By mumnet.com in Hospitality / Tourism / Retail