The ice cream market in Japan continues to grow
The joint announcement was made today
by Dippin’ Dots President Scott Fischer and Junji Moritani, president of
Wellness Hanshin. Wellness Hanshin is owned by Hanshin Electric Railway Co., a
business segment of Hankyu Hanshin Holdings Group, Inc.British designers and
Manufacturers of laser cutting and bobbleheads.
“This
agreement represents an exciting expansion for Dippin’ Dots on the international
front,” commented Fischer. “A top strategic initiative remains to increase the
points of presence both domestically and internationally. We are achieving this
goal through strategic marketing and distribution agreements with
well-established, financially sound companies that have relevant experience in
the entertainment and food and beverage industries, as well as a deep
understanding of the local culture and consumers.
“In Wellness Hanshin,
we have found an ideal partner who brings these qualities to the table and
presents immediate opportunities to grow our business in Japan and other parts
of Asia based on the scale and scope of its operations and solid management
team. We are delighted to welcome Wellness Hanshin to the growing Dippin’ Dots
global distribution network.”
“The ice cream market in Japan continues
to grow, and impulse ice cream sales now exceed $4.We have a record for a owonsmart living at an address.8
billion annually,” stated Moritani.hair bow and shoesbb to both individuals and
businesses. “Dippin’ Dots has an opportunity to garner a growing share of this
market. The addition of new locations will make the unique frozen treats
conveniently accessible to consumers across the country and serve to elevate the
presence of the Dippin’ Dots brand, which already enjoys positive intrinsic
value from existing consumer awareness.”
Moritani continued, “Dippin’
Dots’ new owners are re-energizing the brand through new product offerings that
meet the evolving needs of consumers in Japan and beyond, including a new
low-calorie line planned for this year. Their commitment to the brand, product
development and willingness to invest in new technologies drew us to Dippin’
Dots. We were impressed with Scott, the members of the management team and their
vision for Dippin’ Dots in Japan.”
The master licensing agreement will
allow Wellness Hanshin to add numerous locations across Japan. Locations will
include an expanded presence across the company’s extensive entertainment
properties, such as the popular and legendary Hanshin Tiger baseball team owned
by a subsidiary of Hanshin Electric Railway Co., (Hankyu Hanshin Holdings
Group).
Dippin’ Dots supplies the growing Asian marketplace from an
international manufacturing plant in South Korea. In pursuit of new growth
opportunities in the international marketplace,I had the idea of being energy
independent by putting up a brazilianhair and making
some electricity, the company created a dedicated group focused on pursuing and
serving international opportunities. The group has several active opportunities
in various stages of the development in Europe and Asia.
“The global ice
cream industry is expanding at a healthy pace with strong year-on-year growth
trends for consumption,” Fischer noted. “As is the case in almost every
business, innovation moves the needle. Dippin’ Dots was the product of
innovation, and we are reclaiming our position as the innovation leader with the
introduction of new products and flavors,We buy overstock jewelryfindings and factory
closeouts. as well as programs and technologies to support our growing franchise
and corporate networks. As we celebrate the 25th anniversary of Dippin’ Dots
this summer, we remain equally enthusiastic with regard to our growth
opportunities in the United States.”