China Food

Ruixing reconciled with American investors with RMB 1.2 billion, Xi tea won a compensation of 560000, the founder of nongnongshanquan entered private placement, blue bottle coffee promised to achieve carbon neutralization in 2024, and Baile jialibao executives adjusted

Hot company information and announcement


Ruixing coffee: American class action lawsuit will be settled

Yesterday, Ruixing coffee announced that the company signed a settlement letter of intent of US $187.5 million (about RMB 1122.8 million) with the plaintiff representative of the US class action lawsuit, which is far lower than the previous speculation of the legal profession on the matter – in December last year, a lawyer predicted that Ruixing coffee may face a total of about US $11.2 billion in investor litigation compensation. However, Ruixing also pointed out in the announcement that the settlement agreement still needs to be approved by the Cayman court supervising the conditional liquidation of the company and the U.S. court hearing class action.

According to its annual report, Ruixing coffee’s net revenue in 2020 was 4.033 billion yuan, a year-on-year increase of 33.34%; The net loss was 1.952 billion yuan, a year-on-year decrease of 30.04%. Among them, the product sales revenue of Ruixing coffee in 2020 was 3.717 billion yuan, a year-on-year increase of 23.50%; The partnership’s revenue was 317 million yuan, a year-on-year increase of 19.64 times. As of December 31, 2020, the cumulative number of trading customers exceeded 64.9 million, with a year-on-year increase of 59.85%; The number of self operated stores in China was 3929, a year-on-year decrease of 12.82%.

In addition, as of July 31, 2021, Ruixing coffee had 4030 self operated stores and 1293 affiliated stores in China, with a total of more than 78.4 million trading customers. (CNR network)


Xi tea sued Hongyun Xi tea and lost 560000 yuan

Recently, the first instance civil judgment of Shenzhen Meixi Catering Management Co., Ltd., Guangzhou Jinfeng Catering Management Co., Ltd. and other civil disputes over infringement of trademark rights was made public. According to the judgment, the judgment result of this case is that the defendants Guangzhou Jinfeng Catering Management Co., Ltd Dongguan Shilong tea Tailang restaurant immediately stopped using the trademark similar to the registered trademark of the plaintiff Shenzhen Meixi Catering Management Co., Ltd. and compensated the plaintiff Shenzhen Meixi Catering Management Co., Ltd. for the total economic loss of 560000 yuan. (financial sector)

KFC concept restaurant kpro Beijing Universal City Avenue store officially opened

On September 20, KFC concept restaurant kpro Beijing Universal City Avenue store officially opened, marking the official landing of an important milestone project in the strategic cooperation between Yum China and Beijing Universal resort. (


Founder of nongnongshan spring enters private placement

Recently, an institution called “Guanzi private equity fund management (Hangzhou) Co., Ltd.” completed the filing and registration in a low-key manner in the China Foundation Association, and its actual controller is Zhong Fuxin, founder of nongnongshan spring. At present, the number of executives of the company is 2 and the number of employees is 6, of which 4 have obtained fund qualification. (China Fund News)


Luzhou Laojiao senior management team expansion

Luzhou Laojiao recently announced that the board of directors of the company reviewed and approved the proposal on the appointment of senior managers and decided to appoint Xiong pingting and Li Yong as deputy general managers of the company, with a term of office consistent with that of the 10th board of directors. According to the announcement, the two deputy general managers appointed this time are senior employees of the company. (company announcement)


Henan Kedi dairy receives the decision on administrative punishment and market prohibition

Henan Kedi Dairy Co., Ltd. announced today that on September 16, 2021, the company received the decision on administrative punishment and market prohibition issued by Henan regulatory bureau of China Securities Regulatory Commission. According to the announcement, the company has illegal facts such as false records and failure to disclose information as required. The announcement also mentioned that the company’s current production and operation is normal, and it is preliminarily judged that the company has not touched on major illegal compulsory delisting. (company announcement)

McDonald’s promises to greatly reduce the consumption of plastic toys for happy paradise meal by the end of 2025

McDonald’s announced that from today to the end of 2025, it will significantly reduce the amount of plastic in toys and gradually use green materials instead. The goal is to greatly reduce the amount of plastic in toys by 90% compared with the level in 2018 by the end of 2025. The company has carried out transition plans in the UK, Ireland and France since 2018 to gradually provide more sustainable toys. At present, the consumption of plastic has been reduced by more than 30%. (Hong Kong Economic Daily)

Wal Mart will label health or low-carbon products

Recently, Wal Mart announced that it would label healthy and sustainable products with “build for better” on its website to attract shoppers who are willing to spend money to vote for better nutrition and environmental management. Wal Mart said that this measure will start with nearly 2000 kinds of goods and will continue to increase. (American Stock Research Society)

Yum! Brands appoints CEO of KFC

Today, yum! Brands announced that Sabir Sami, 54, was promoted to CEO of KFC and reported to David Gibbs, the company’s CEO. The appointment will take effect from January 1 next year. Sabir Sami has previously worked in the company for 12 years and currently serves as chief operating officer of KFC division and managing director of KFC Asia. (issued by the company)


Polaroid acquires the whisky exchange, an online retail giant

Recently, Pernod Ricard announced the acquisition of specialty drinks Ltd., the parent company of the whisky exchange (twe). In addition to twe, the acquisition will also include three retail outlets of the whisky exchange in London. (Forbes)


Good meat refinanced $97 million

Recently, good meat, an artificial meat subsidiary of American sustainable food company eat just, raised another $97 million after announcing that it raised $170 million in May. At present, the company’s investors include UBS O’Connor, graphne ventures and K3 ventures. Good meat plans to use this fund to expand production capacity by expanding production and accelerating R & D activities. (FoodBev)


Budweiser will launch its first zero carbohydrate beer

Budweiser will launch its first zero carbohydrate beer bud light next early next year. This product will be aimed at younger and more health oriented drinkers who prefer to buy zero carbohydrate hard soda. Andy goeler, vice president of marketing of bud light, said that bud light next is part of the brand’s efforts to continuously “develop and innovate” for new audiences. (Stl Today)

Belle garrison appoints new chief human resources officer and Chief Procurement Officer

Today, the Swiss chocolate manufacturer Belle garribo announced two adjustments to its executive committee, appointing Masha vis Mertens as its new chief human resources officer and Massimo Selmo as its chief procurement officer. The appointment will take effect from October 1. (Reuters)


Blue bottle coffee promises to be carbon neutral by 2024

Nestle’s blue bottle coffee announced yesterday that it plans to achieve carbon neutrality by v2024. This action will cover the entire brand in the United States and Asia. Blue bottle coffee will first achieve carbon neutrality by minimizing greenhouse gas emissions, and then reduce greenhouse gas emissions by supporting carbon removal and high-quality offset projects. (company announcement)

Quick reading of food industry information


In the first half of the year, the import and export volume of cross-border e-commerce increased by 28.6%

“From January to June this year, the import and export volume of cross-border e-commerce was 886.7 billion yuan, an increase of 28.6% year-on-year.” at the cross-border e-commerce forum of “2021 China e-commerce conference”, Zhang Li, deputy director of the foreign trade department of the Ministry of Commerce, said that cross-border e-commerce has become a new foreign trade format with the fastest development speed, the greatest potential and the strongest leading role in China. (Economic Daily)

Mirakl, an e-commerce platform, received a round e financing of US $555 million

Recently, mirakl, a French online shopping service startup, raised US $555 million in the e-round financing. Silver Lake capital, Bain Capital and Felix capital participated in the current round of financing. The current valuation of the company, which has been established for 10 years, also exceeds US $3.5 billion. Mirakl’s main business is to support the online market of 300 companies. Mirakl has become an important ally for retailers eager to steal online business from Amazon. (Forbes China)

Huabai is connected to the credit investigation system of the central bank

Today, Huabai announced the latest progress in accessing the basic database of financial credit information (hereinafter referred to as “credit investigation system”). The announcement shows that under the guidance of the credit investigation management department of the central bank, Huabai is orderly promoting the access to the credit investigation system of the central bank. At present, on the basis of user authorization, some users have been able to query Huabai records in their own credit investigation report, and the credit investigation service will gradually cover all users in the future.

Huabai’s announcement shows that according to the requirements of credit investigation and on the basis of obtaining user authorization, the information submitted by Huabai to the credit investigation system includes account opening date, credit line, line use and repayment. In terms of submission frequency, Huabai’s information is summarized and incorporated into the credit investigation system on a monthly basis. It will not be submitted in a single transaction, nor will it report specific consumption information such as consumption content and consumption time. Therefore, access to credit investigation will not expose individual specific consumption information, nor will it lead to a sharp increase in the number of credit records. (Securities Times)

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