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Hot market for Goubuli

By Mu Chen in Beijing and Bao Wanxian in Tianjin | China Daily | Updated: 2015-01-22 07:11

Steamed buns producer charts plan to grow Australian coffee house business in China

Goubuli Group, which owns a chain of steamed stuffed bun restaurants, said on Wednesday that it has inked a joint venture agreement with Australia's Retail Food Group Ltd to operate the latter's coffee house brands, Gloria Jean's Coffees and It's a Grind, in China.

Tianjin Senyongtai Food and Beverage Co Ltd, a wholly owned subsidiary of Goubuli, will hold an 80 percent stake in the joint venture and Retail Food Group the balance.

Hot market for Goubuli

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