Which country owns ZUS Coffee?
Zuspresso (M) Sdn. Bhd. Zus Coffee (stylized as ZUS Coffee) is a Malaysian coffee shop chain. For an idea of how profitable local coffee chains are, company records show that Zuspresso (M), which was launched in November 2019, grew its revenue from RM900,000 in FY2020 to RM204 million in FY2023, achieving a net profit of RM10. Zus was operating about 370 outlets at end-2023.With an innovative approach to brewing, top-quality ingredients, and a commitment to affordability, ZUS Coffee quickly became a dominant force in the industry, boasting over 400 outlets, 3. Your browser can’t play this video. An error occurred.
Is ZUS Coffee more expensive?
ZUS Coffee defends price hike, doubles down on brand strategy and expansion. ZUS Coffee has announced a 3% price increase on most of its drinks, citing rising costs, but the brand insists its long-term vision remains focused on quality. From “over 200 outlets” in FY2023, it is estimated that the number of ZUS Coffee outlets have surged to over 470. Thus, Zuspresso’s upcoming FY2024 results should provide a clearer picture of its profitability and whether the touted valuation of RM1 billion to RM1.
Who is the CEO of ZUS Coffee?
Ian Chua and Venon Tian, the key executives of ZUS Coffee, founded the business in 2019 to make specialty coffee affordable for everyone, every day. Lao owns 35 percent of Zus’s parent company in Malaysia and is the majority owner of its Philippine subsidiary. Move over, Starbucks? Frank Lao to open 150 more Zus Coffee branches in 2025 after hitting 100-stor. Bilyonaryo Frank Lao’s Zus Coffee is on a roll!