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May 17, 2024
CJ Olive Young's Q1 sales jump on strong overseas trade
CJ Group's health and beauty drugstore CJ Olive Young showed stronger year-on-year performance in the first quarter, largely driven by robust sales in foreign markets and an increasing number of fore...areholder of CJ Olive Young is CJ Group, with a 51.15 per...
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May 14, 2024
CJ CheilJedang beats Q1 earnings estimates on US sales
Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted... expansion to become a leading global player and pursue efforts for 'maximizing profita...
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May 06, 2024
Value-up program: Market disappointment does not mean a failure, just yet
...perating in a venture-oriented market," said an official from Koh Young Technology, a Kosdaq-listed firm, during a seminar held by the FSC and Korea Exchange on Thursday. A financial executive from CJ CheilJedang, the nation's top food maker, called for more industry-specific guideline...
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April 29, 2024
CJ's Tous Les Jours debuts in Cambodia
CJ Foodville said Monday it has opened two new Tous Les Jours branches in Cambodia, as part of efforts to broaden its foothold in Southeast Asia. The two new branches, which opened Friday in Kam Puchea Kroum and Toul Tom Poung in the country’s capital, Phnom Penh, mark the first locatio...
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April 23, 2024
CJ's processed rice sales soar in North America
With the rising number of Korean restaurants abroad and the global appeal of Korean food, CJ CheilJedang's processed rice product is experiencing a surge in popularity across North America. CJ CheilJedang announced on Tuesday that sales of Bibigo Cooked Sticky White Rice amount...
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April 19, 2024
Sungsimdang outperforms bakery giants to log sales over W100b
...double in 2023 from 15.4 billion won in 2022 to 31.5 billion won in 2023, beating the franchise giants. In the same period, Paris Croissant, the operator of leading bakery brand Paris Baguette, and CJ Foodville, the operator of Tous les Jours, reported operating profits of 19.9 billion...
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April 18, 2024
CJ Olive Young offers real-time translators for foreign visitors
CJ Olive Young said Thursday it has introduced portable translators supporting 16 languages in its outlets nationwide to enhance the shopping experience for foreign visitors and the work efficiency o...nationwide to ensure that language is not a barrier for foreign customers visiting our ...
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April 15, 2024
CJ begins production of kimchi in Australia, US
CJ CheilJedang said Sunday that it has started local production of kimchi, under the brand Bibigo, in Australia, while reformulating its existing kimchi products exported from Korea to the country. ...so promoting Korean culinary culture more broadly,” said Cha Eugene, managing director...
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April 08, 2024
Late Hanjin chairman’s legacy honored in new biography
...es. It also showcases his contributions to Korea’s economic and diplomatic history through a collection of his photography and untold stories. The foreword was written by Cho's long-time friend and CJ Group Chairman Sohn Kyung-shik. “In the history of global aviation, Chairman Cho st...
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April 08, 2024
CJ's Tous Les Jours to set up franchisee training center in US
CJ Foodville, the operator of the South Korean bakery chain Tous Les Jours, said Monday it plans to establish a training center in the US aimed at enhancing the service and operational expertise of i...New York, New Jersey and Massachusetts. The training center will be situated in Califo...
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April 04, 2024
CJ Foodville's overseas ventures propel profits to new heights
CJ Foodville, the operator of bakery chain Tous Les Jours and a subsidiary of South Korean food giant CJ Group, achieved its highest-ever operating profit of 45.3 billion won ($33.6 million) last yea...e performance through our overseas business operations," a CJ Foodv...
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April 01, 2024
CJ’s veggie dumplings hit US military shelves
South Korean food giant CJ CheilJedang said Monday it has started selling plant-based dumplings at grocery stores within US military bases in Korea. These Bibigo dumpling products come in three vari...tein based on beans, which provides a taste and texture similar to meat. Starting with...
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March 25, 2024
Executives get paid 11 times more than average employees: report
...15.3 million won. The huge gap between the salaries of regular employees and executives at Sinsegae Group derived from it paying the lowest amount to its non-executive employees. It was followed by CJ Group where average pay was 53.3 million won, Lotte Group (63.3 million won), and GS ...
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March 21, 2024
AliExpress to open bidding for logistics partner in Korea
...s chosen to solicit open competitive bids in Korea instead of extending its delivery contract with CJ Logistics, set to expire in April. According to industry sources Thursday, AliExpress recently su...tics, industry insiders expected a showdown between Lotte Global Logistics and Hanji...
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March 20, 2024
Myeong-dong bustles again as retail shops fill up
...gest sweat hub” in Korea by the Canadian-American sportswear brand, as it plans to use the space for community workout events. Another large-scale store in Myeong-dong is beauty and health retailer CJ Olive Young's outlet marketed to foreign visitors, Olive Young Myeong-dong Town. It ...
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March 20, 2024
Sephora exits Korea after years of losses
...6 billion won in 2022. While Sephora ranks as one of the top three brands under LVMH in terms of global sales, operating over 3,000 stores across 35 countries, it failed to surpass the dominance of CJ Olive Young, the beauty retail unit of CJ Group that commands almost 90 per...
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March 20, 2024
LVMH-owned Sephora to exit S. Korea in May
...ually exit from South Korea after failing to gain a share in competition with dominant local rival CJ Olive Young. In a statement posted on its social media accounts Tuesday, Sephora's Korean unit an...e Louis Vuitton and Dior. Sephora Korea has struggled with weak sales in tough comp...
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March 19, 2024
CJ CheilJedang showcases K-food innovations at US expo
CJ CheilJedang said Tuesday it participated in the 2024 Natural Products Expo West, the world's largest trade event in the food industry, to showcase its key products and K-food innovation overall. ... was the Gut Health Kimchi Probiotic Shot, a joint venture between the health juice fir...
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March 14, 2024
Alibaba pledges $1.1b investment for Korea expansion
...re.” Sources say AliExpress could shorten delivery times for Korean customers with the enhanced logistics network and expand its presence in the nation’s fast-growing e-commerce market. Currently, CJ Logistics, the nation’s largest shipping company, is responsible for handling AliE...
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March 14, 2024
AliExpress lures Korean food companies with hefty incentives
...product range and gain more recognition among Korean consumers. Following South Korean food giant CJ CheilJedang, which joined the Chinese platform early this month, a slew of Korean food companies a... once the hallmark of AliExpress in the e-commerce market, appears to be slipping. ...