World's biggest F&B chain Mixue closes 89 overseas stores, many in Vietnam, Indonesia
Mixue, the world's largest food and beverage chain, saw its overseas store count decline by 89 in 2026's first half, including many in Vietnam and Indonesia, while its net profit fell 15% year-on-year.
Mixue Group, the world's largest food and beverage chain, has announced the closure of 89 of its overseas stores, with a significant number located in Vietnam and Indonesia. Despite this reduction, the company reported a 2.3% increase in revenues to 15.2 billion yuan (US$2.26 billion) in the first half of the year, although net profits fell due to rising costs.
Mixue currently operates 63,987 outlets globally, with the majority situated in mainland China. The company entered Vietnam in 2018 and has since expanded nationwide, offering products such as lemonade, ice cream, milk tea, and fruit tea. Mixue aims to continue expanding in Southeast Asia, explore new markets in Central Asia and the Americas, and further localize its operations in existing overseas markets.
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