US based DTS8 Coffee Company says it plans to open a physical store network in Mainland China to cash in on the fast-growing cafe sector.
DTS8 says coffee cafes have been sprouting up in China’s urban cities in recent years and the affluent, younger generation have been flocking to them in search of a unique coffee experience.
Douglas Thomas, CEO of DTS8, says that according to Allegra Strategies, China has become the fastest-growing retail coffee cafe market globally, adding 1462 shops in the last 12 months.
“With an estimated 5391 branded coffee shop outlets, China is the current market leader in American-style chains in Southeast Asia.
“Four new coffee cafes open in China every day. In order to capitalise on the competitive edge of having our own roaster, DTS8 is moving into its second phase of expansion and plans to create a network of cafes through acquisitions and mergers. These coffee shops will enhance the DTS8 brand in China, help build a direct link to retail consumers, and contribute to long term revenues,” he said.
DTS8 Coffee Company describes itself as a leading purveyor of fresh, artisan roasted, and gourmet coffee in Shanghai. Its coffee is sold through distribution channels reaching consumers at restaurants, coffee shops and offices.
Inside Retail Asia
Related post:
