China Food

The performance of other meat customers was “thunderous”. Manner coffee responded that employees’ wages were discounted, new progress was made in the dispute over red bull’s trademark, Vita milk resumed profitability this fiscal year, and byte was accused of entering tea


Hot company information and announcement

 

 

New progress of Red Bull trademark disputes


Thailand Tiansi company, the owner of Red Bull trademark, revealed today that the first instance court of Tianhe District, Guangzhou City, Guangdong Province ruled that Hua Bin and other three defendants, who wholly controlled China Red Bull, immediately stopped the production and sales of “Red Bull Vitamin functional beverage”, immediately stopped using the enterprise name containing the word “Red Bull”, and ordered the three defendants to jointly compensate the plaintiff Tiansi company for the economic loss of 219 million yuan. (issued by the company)

 

China Red Bull: will appeal


China Red Bull responded on the official wechat today that recently, the Guangzhou Tianhe District Court made a judgment on the trademark infringement and unfair competition cases sued by Thailand Tiansi against Guangdong red bull, Zhuhai Red Bull, Guangzhou Red Bull and other companies. The judgment is a judgment of first instance, which does not mean that the judgment takes effect immediately. The company will appeal to the higher court to safeguard the fundamental interests of the company and relevant market subjects. So far, there has not been a final judgment on trademark infringement of China Red Bull. (issued by the company)

Mengniu granted share options and restricted shares

Mengniu announced yesterday that there were 31782688 share options, including 9534806 shares for president and executive director Lu Minfang and 1098944 shares for chief financial officer and executive director Zhang Ping. The board of Directors believes that this will encourage the core management team to make efforts for the company’s future sustainable competitiveness and growth from 2022 to 2025, and strengthen their commitment to long-term service for the company. On the same day, Mengniu also restricted shares, including managers, department managers and other employees. (company announcement)

Peng Yuchang and his endorsement coffee were sued


Recently, Peng Yuchang and Shanghai Lixing Technology Co., Ltd. were sued for a dispute over internet infringement liability. The Appellant was Luo mou’ao and the court was the people’s Court of Yushui District, Xinyu City, Jiangxi Province. It is reported that Peng Yuchang is the spokesman of nowwa coffee, a brand of Shanghai Lixing Technology Co., Ltd. (Beijing Youth Daily)

  

Manner coffee responded that employees’ wages were discounted


Today, manner coffee sent a document in response to the discount of employees’ wages, saying that three employees (including one former employee) of the company released “false information” in violation of the labor contract and confidentiality agreement signed at the time of employment, and the company requested to investigate the “criminal responsibility” of three people. The company also said that during the epidemic period, the company paid the basic salary in full and paid the five insurances and one fund normally, which was far higher than the minimum wage stipulated by Shanghai and the living expenses standard stipulated by Shanghai, “which was the first time in the industry”.

On May 10, a netizen on xiaohongshu platform published content as an employee, expressing dissatisfaction with manner. In a chat screenshot and content exposed, a person in charge of manner’s store paid the employees before the salary on May 10, that is, at 10:00 on the evening of May 9. There are two options: one is to pay the basic salary according to 50 hours in April; Second, in April, I didn’t owe any working hours. I took a 20% discount on the Shanghai minimum wage (after paying five insurances and one fund) of 2072 yuan, and attached two consent forms for the employee to sign.

Xiaoshidai noted that due to the strong wording of the statement, it caused a lot of discussion on social networks. Today, when communicating with the snack generation, some HR people in the catering industry believe that from the current information, unless there is conclusive evidence, the incident is more just a labor dispute; As for the non competition agreement, it is generally necessary to give workers economic compensation on a monthly basis within the period of non competition. (company release, interface, snack generation)

Vitasoy is expected to return to profitability this fiscal year

Due to the significant decline of mainland sales in the peak summer months, the government subsidies related to novel coronavirus decreased by 91% year-on-year during the reporting period, and the relocation of Shenzhen plants to Dongguan, there were large non recurring expenses and asset impairment. The company said that in this fiscal year, Vitasoy mentioned that mainland sales fell significantly in the second quarter of last year, rebounded sharply in the second half of the year, and the decline has narrowed significantly compared with the first half of the year. (company announcement)

Pilot food has become the largest raw material supplier of Xicha


According to Nanfang + news, pilot food has become the largest raw material supplier of Xi tea, integrating R & D, manufacturing, sales and service, with an annual output value of more than 1 billion yuan. Gao Jianjiao, chairman of pilot food, said that the company’s factory has 50 production lines, three R & D centers and more than 100 R & D teams. At present, it has established in-depth cooperation with 80% of tea chain brands in the domestic market. (South +)

Byte refers to tea


Recently, bytek set up a food and beverage team in Beijing. According to people close to the inside, food and beverage are mainly new tea drinks, and timely explore tea drinks in other directions. At present, they are mainly sold internally, but they will also consider the possibility of facing the market. At present, the official website of byte recruitment has released relevant recruitment information, including posts such as food and beverage product R & D and planning. (Tech planet)

Amoy Food Hong Kong factory accident


Today, an industrial accident occurred in Hong Kong’s Tai Po Industrial Estate. A male worker was suspected of being caught in the head by the machine while adjusting the soy sauce production machine in Taoda food factory at 11 Tai Fu Street. The victim immediately fell into a coma. The fire department arrived at the scene and rescued the victim and sent him to an ambulance for treatment. He died after being sent to the hospital. The police and staff of the labour department are investigating the cause of the accident in the factory. (Oriental)

The loss of other meat customers expanded in the last quarter


Yesterday, beyond meat’s share price fell 20% in after hours trading because the company reported that its revenue in the first quarter ended April 2 was $109.5 million, a year-on-year increase of 1.2%; The net loss was US $100.5 million, higher than the net loss of US $27.3 million in the same period of last year; The gross profit margin was 0.2%, down 30 percentage points from the same period last year. The company attributed this to higher manufacturing and transportation costs and the complex and high-cost production process required to launch plant dried meat in cooperation with PepsiCo. Today, when the US stock market opened, other meat customers wiped out the 20% decline at the beginning of the session and turned up, triggering a pause in the rise. (Reuters)

The U.S. labor Commission called Starbucks “illegal dismissal”


Recently, the National Labor Relations Commission (NLRB) has asked a court to order the reinstatement of seven former Starbucks employees. It said that these employees had been “illegally dismissed” in the process of unionization. (Reuters)

Compas raised annual income guidelines


Recently, compass, a catering service company, said that the number of people returning to the office exceeded expectations, which enabled it to improve its annual revenue guidance and formulate a £ 500m share repurchase plan. According to its forecast, due to the reopening of offices and schools and the return of large-scale sports events, the company’s revenue growth this year will reach about 30%, higher than the previous forecast of 20% – 25%. (Financial Times)

Wendy’s sales were disappointing last quarter

Wendy’s underperformed last quarter as the US weather affected store traffic earlier this year and reduced demand for breakfast food. The share price of the fast-food chain fell 13% on Wednesday to a low in more than two years. Earlier, the company said it expected that the annual breakfast sales would hover at the low end of the previously predicted growth range of 10% – 20%. (Reuters)

Milk osteopontin, the raw material of ALA food, was positively evaluated by EFSA


Today, Denmark’s ala food ingredients (AFI) said that the European Food Safety Agency (EFSA) released an opinion that its milk osteopontin (OPN) can be safely used in infant nutrition products, suggesting that it should be listed as a new resource food. It is reported that this is a whey protein, which exists in a large amount in breast milk and a small amount in cow’s milk. (issued by the company)

Godivan global brand theme event unveiled


Recently, Godiva is chocolate, a global brand activity of Godiva, was officially launched. This activity marks the beginning of a new chapter of Godiva, broadening the existing gift box business and integrating classics into life. (issued by the company)

Quick reading of food industry information

 


The United States plans to hold a hearing on the shortage of infant formula


A committee of the US House of representatives said yesterday that US lawmakers planned to hold hearings on the shortage of infant formula this month, calling the situation “increasingly worrying”. On the eve of the hearing, Abbott, the largest formula supplier in the United States, said that a troubled factory in Michigan could restart the production of infant formula within two weeks, which was alleged to be related to the shortage of milk powder in the U.S. market. (Reuters)

 

Shanghai informed that a company was suspected of selling expired goods


On May 11, Changning District Market Supervision Bureau inspected Ruiqiu supermarket management (Shanghai) Co., Ltd. and found that the party involved was suspected of selling expired goods. After investigation, the party involved is suspected of selling 4 boxes of Guiling ointment exceeding the shelf life (net content: 100g, production date: May 9, 2020, shelf life at normal temperature is 24 months, and the shelf life has been exceeded by law enforcement personnel during inspection). The law enforcement personnel found the commodity on the shelf, and the code of the commodity was scanned by the on-site cashier system, which showed that it was in a saleable state. (Shanghai market supervision and Administration Bureau)

The express industry generally operated smoothly in the first quarter


According to the economic operation of the postal industry in 2022 recently released by the State Post Office, in the first quarter, the total business volume and business revenue of the postal industry reached 335.43 billion yuan and 326.88 billion yuan respectively, with a year-on-year increase of 10.7% and 10.0% respectively. Among them, the business volume of express service enterprises has completed 24.23 billion pieces, a year-on-year increase of 10.5%; Business income totaled 239.28 billion yuan, a year-on-year increase of 6.9%. (Economic Daily)

In the first four months, China’s absorption of foreign capital increased by 20.5% year-on-year


According to the data released by the Ministry of Commerce on May 12, from January to April this year, the actual use of foreign capital in China was 478.61 billion yuan, a year-on-year increase of 20.5%. (Xinhua News Agency)



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