Trung Nguyen Group Corp., Vietnam’s biggest coffee retailer, wants to buy bean roasters in the U.S. and open shops in Seattle, New York and Boston this year, just after Starbucks Corp. debuted in Ho Chi Minh City.
Starbucks Corp., the world’s largest coffee-shop operator, said profit rose 13 percent in its fiscal first quarter, meeting analysts’ estimates, as sales increased in the Americas and fell in Europe, the Middle East and Africa.
Starbucks Corp. set the opening date of its first India store with partner Tata Global Beverages Ltd. for next month, later than a previous target of August, as the world’s biggest coffee chain expands overseas.
Teti Umarih is doing brisk business selling Ikea products in Indonesia via Facebook Inc.’s social networking website. Before long, the Jakarta entrepreneur will get a new competitor with the furniture chain planning its own debut in the Southeast Asian nation.