Food and beverage sector

Partners Group exits bubble-tea brand Gong Cha after Bain buyout

Partners Group in 2019 had provided a financing package of more than US$200 million to support TA Associates’ acquisition of Gong Cha and also took a minority equity stake.

Matcha, with a twist of Assam: India enters the global matcha production line

Chota Tingrai’s tea bushes. The section on the right with additional shading produces tea leaves used to make matcha at this tea estate in India’s Assam state.

Chagee opens three stores in a day, including family-friendly outlet in Pasir Ris Mall

Children will have a dedicated play area at Chagee’s Pasir Ris store.

Yang Guo Fu Group apologises over restaurant’s unauthorised use of Japanese celebrities’ names

The group said on social media that none of the flowers had been sent by the people whose names were attached.

Coffee shop operator Kimly seeks SGX mainboard listing

Coffee shop operator Kimly intends to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange.

Udon billionaire bets that thick noodles will win over Americans

An employee prepares a bowl of udon noodles at a Marugame Seimen restaurant in Tokyo.

Halal-certified steakhouse Tomahawk King set to shutter after Sept 20

Tomahawk King, known for its halal large-format steaks, is set to shutter after eight years, with its final service date expected to be Sept 20.

Food safety crackdown snares Mumbai’s famed restaurants

The 110 year-old Parsi Dairy Farm in Mumbai has reopened after being closed down for food safety norms violation by Maharashtra’s Food and Drug Administration.

From coffee to hotpot, brands race to grab a bite of China’s growing burger market

Diners at a Five Guys fast-food restaurant after the US burger chain opened its first two locations in Beijing earlier in August.

Europe’s heatwaves expose insurance gap as business losses mount

A woman holding a hand fan on Aug 3, 2026 as people sit near the Colosseum in Rome during a heatwave across Italy and Europe.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.