21世纪经济报道记者贺泓源、实习生韦怡琦 另据"FILA消费者体验官方服务号"在该网贴评论区回应称，为顾客在该店所经历的不快体验表示歉 意，已经第一时间与门店负责人了解情况，并对存在失当行为的员工进行了严肃的批评。 需要注意的是，眼下，FILA正在升级其门店体验。 该品牌对外披露，上半年品牌V6新形象门店覆盖率约达30%，显著带动店效增长。比如，5月，首家 FILA KIDS儿童美术馆店开业。8月，FILA GOLF的全新3.5店型"Master Club大师岭域"正式开业。 门店升级背后，可能有着市场压力。 就一门店备注顾客"买鞋子嫌贵"事件，FILA向消费者道歉。 据智通财经，一位消费者在郑州"FILA KIDS"(斐乐儿童)正弘城门店购鞋时，发现店员对其会员信息进 行不当备注，并发到了会员微信群，此事引发广泛关注。对此，FILA官方致歉，并称对涉事员工已经 进行了批评处理。 该品牌回应称，"相关门店员工的失当操作严重违反了我们的员工行为指南。"FILA斐乐中国表示正在 就此事与该消费者"进行深入沟通，希望竭尽全力消除因此带来的困扰。" 9月，匹克董事长许景南在内部会议上提到，匹克内销直营板块自年初以来持 ...

Interim Results FY2025/26 25 November 2025 FINANCIAL REVIEW IAN NG GROUP CFO Disclaimer In addition to historical information, this presentation contains forward - looking statements with respect to the results of the operations and business of Vitasoy . These forward - looking statements represent Vitasoy's expectations or beliefs concerning future events and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or ...

Core Insights - The article narrates the experiences of employees in the fast-moving consumer goods (FMCG) industry, particularly focusing on the challenges faced by those working for PepsiCo and Vitasoy in China, highlighting the impact of corporate changes and market dynamics on their careers [2][3][18]. Group 1: PepsiCo and Its Strategic Alliance - In 2012, PepsiCo formed a strategic alliance with Master Kong, leading to significant changes in operations and employee dynamics within the company [3][5]. - The merger caused unrest among employees, with many fearing for their job security and future compensation, resulting in a mass exodus of nearly 10,000 employees out of 15,000 [6][18]. - The initial promises of job security from Master Kong were not upheld, leading to dissatisfaction and protests among the workforce [5][6]. Group 2: Transition to Vitasoy - After leaving PepsiCo, employees transitioned to Vitasoy, where they initially found a more relaxed corporate culture compared to the rigid structure of PepsiCo [9][10]. - However, Vitasoy faced challenges due to the rise of e-commerce, which disrupted traditional sales channels and led to internal conflicts between online and offline sales teams [11][15]. - The aggressive pricing strategies adopted by Vitasoy for online sales created chaos in the market, leading to complaints from traditional distributors and a breakdown of pricing structures [13][14]. Group 3: Industry Challenges and Employee Sentiment - The internal strife within Vitasoy escalated, with employees feeling the pressure of performance metrics while dealing with a chaotic market environment [16][17]. - The company underwent leadership changes and restructuring efforts that failed to stabilize the situation, resulting in widespread dissatisfaction among employees [17][18]. - Many former employees of the FMCG sector, like the protagonist, chose to leave the industry altogether, seeking more stable and grounded opportunities in different sectors, such as agriculture [18][20].

Group 1 - Kuang Ming Investments Pte. Limited increased its stake in Vitasoy International Holdings Limited (00345) by purchasing 1 million shares at a price of HKD 8.5039 per share, totaling HKD 8.5039 million [1] - After the purchase, Kuang Ming Investments holds approximately 116 million shares, representing an ownership stake of 11.02% in Vitasoy International [1]

Group 1 - VITASOY INT'L repurchased 1.844 million shares at an average price of HKD 9.16 per share, totaling approximately HKD 16.89 million, with a cumulative repurchase of 23.224 million shares this year, representing 2.16% of the total share capital [1][2] - The company's stock price closed at HKD 9.17 per share, reflecting a slight decline of 0.11% on the same day [1] - Stock repurchase is generally viewed as a positive signal from the company, indicating management's confidence in the company's future and potentially reducing the number of shares in circulation to enhance earnings per share [2] Group 2 - VITASOY INT'L, established in 1940, is a well-known company listed on the Hong Kong stock exchange, primarily engaged in the production and sale of plant-based milk, tea beverages, and juices [3] - The Vitasoy brand is recognized both in Asia and globally, with a diverse product range catering to various consumer preferences [3] - The company emphasizes quality management and innovative research and development to adapt to market changes and consumer health demands [3]

Core Insights - The article discusses the historical evolution and commercialization of soy milk in Hong Kong, highlighting its nutritional value and cultural significance, particularly during the 1930s and 1940s [1][2][3][4][6][7]. Group 1: Historical Context - Soy milk was industrialized in the 1930s, driven by the need to improve the health of the Chinese population during the Japanese invasion [2][3]. - The founder of Vitasoy, Lo Kwai Cheung, recognized the nutritional benefits of soy milk, which is rich in protein, vitamins, and minerals, and aimed to provide affordable nutrition to the impoverished [2][3][6]. Group 2: Marketing Strategies - Lo Kwai Cheung positioned Vitasoy as a modern dairy product, rebranding it from traditional soy milk to a vitamin-rich beverage, packaged in glass bottles to appeal to consumers [3][4]. - The marketing strategy included adopting delivery methods similar to those of dairy companies and opening a tea restaurant to promote Vitasoy alongside traditional Chinese desserts [3][4][6]. Group 3: Cultural Perception - Initially, soy milk was perceived as a "poor man's food" with low nutritional value, and its consumption was limited due to cultural beliefs about its "cold" nature [2][4][5]. - Despite early challenges in sales, Vitasoy eventually gained popularity among younger consumers in the 1970s, aided by changes in production technology and marketing approaches [6][7]. Group 4: Societal Impact - The success of Vitasoy in the 1970s was linked to the emergence of a new middle class in Hong Kong, which embraced modern lifestyles and international food culture [7]. - Vitasoy became a symbol of modern identity and social status, moving beyond its initial role as a nutritional supplement for the underprivileged [6][7].

Group 1: Dairy Industry Insights - The domestic dairy industry is transitioning from liquid to solid products, with significant growth potential as per capita cheese consumption remains low [1] - The demand for high-quality protein and dairy fat is increasing, driven by health policies and weight management needs, reinforcing cheese's role as a natural nutritional carrier [1] - The penetration of cheese in B-end markets such as Western cuisine, tea, coffee, and baking is rising, which is expected to enhance C-end consumer awareness and demand for cheese [1] Group 2: Company Developments - Angel Yeast plans to invest approximately 502.25 million yuan in a new bio-manufacturing center, which will include a seven-story building and various advanced equipment [2] - Vitasoy International reported a 1% increase in revenue to 6.274 billion HKD for the fiscal year ending March 31, 2025, with a gross profit of 3.218 billion HKD, up 3% [3] - China Wangwang's total revenue for the fiscal year 2024 was 23.5107 billion yuan, with a slight decline of 0.3%, but a profit attributable to equity holders increased by 8.6% to 4.3356 billion yuan [5] Group 3: Market Activities - Anji Food's H-share public offering began on June 25, 2025, with a maximum issue price of 66 HKD per share, and the listing is expected on July 4, 2025 [4] - Tims China reported a 3.5% increase in system sales to 376.3 million yuan in Q1, with a total of 1,024 stores nationwide [7] - Starbucks China is evaluating the best ways to seize future growth opportunities while focusing on revitalizing its business in China [7]

Group 1: Starbucks Response to Louis Vuitton - Starbucks China responded to social media comments regarding the new Louis Vuitton landmark "Louis" in Shanghai, which is positioned near a Starbucks store [1] - The company highlighted the origin of its name and logo, referencing the character Starbuck from the novel "Moby Dick" and the siren from Greek mythology [1][4] Group 2: Bawang Tea's Expansion in Hong Kong - Bawang Tea opened its second store in Hong Kong at Tsuen Wan and plans to launch an additional eight stores in various locations [4] - The brand's first "super tea warehouse" has been established, indicating an upgrade in its supply chain system as part of its local market expansion strategy [4] Group 3: Vitasoy International's Financial Performance - Vitasoy International reported a revenue of HKD 6.274 billion for the fiscal year ending March 31, 2025, reflecting a 1% year-on-year increase [5] - The company's net profit attributable to shareholders rose by 102% to HKD 235 million, driven by improved operational efficiency [5] - Vitasoy's revenue in mainland China was HKD 3.363 billion, with a 1% growth after excluding exchange rate impacts [5][6] Group 4: Kudi Coffee's New Fruit Base - Kudi Coffee has commenced construction of its northern fruit base in Shanxi Province, which will focus on the full supply chain from planting to processing [7][8] - The region is known for its high fruit production, with an annual output of 5 billion kilograms, making it a strategic location for Kudi Coffee's operations [8] Group 5: Huangshi Group's Strategic Partnership - Huangshi Group announced a strategic cooperation agreement with Hubei Xiangyuan Food Co., aiming to enhance its presence in the new consumption sector [9] - The partnership will explore opportunities for water buffalo milk in the restaurant and new tea beverage markets [11] - Huangshi Group has previously collaborated with several leading brands in the new tea beverage industry [11]