Asia, India, China, Russia, Processing

Japan’s Calbee pulls out of Philippine potato chip venture

Japanese snackmaker Calbee on Wednesday said it would pull out of its potato chip venture in the Philippines with food and beverage group Universal Robina after it failed to make money. Calbee said it was selling its 50% stake in the joint venture to its Filipino partner for around 170 million pesos ($3.13 million). The chips, which arrived in Manila stores in 2015, were 40% more[Read More...]

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