Page 8 - Phuc Long News Today

Masan Group Corporation on September 9 announced the launch of WINLife, the one-stop shop ecosystem that provides consumers with a convenient experience.

Many bubble tea makers are expanding their operations to conquer the domestic market, which is estimated an equity valuation of nearly $400 million.

Bubble tea shops are increasingly alluring to office workers and the elderly, in addition to their initial target demographics of students and schoolchildren, and some business results are demonstrating this wider range of appeal.

Vietnam is a huge potential market for the bubble tea business. This drink is gradually becoming a favourite and popular drink among generations Y and Z.

Q2 earnings of Grab and PropertyGuru were among the top headlines during the week.

Breaking coffee news and analysis

With the synergy of Masan’s consumer-retail ecosystem, Phuc Long has quickly scaled up its operation in terms of revenue, stores, and enterprise valuation.

The latest transaction values the tea and coffee chain at $450m

Masan Group Corporation on August 1 released its unaudited management accounts for the first half of 2022, revealing a rise in profits of 123 per cent.

Beverage chains are struggling under the pressure of increasing selling prices due to sky-high costs of fuel and raw materials.