Food Services

Yum! Brands sells Pizza Hut Korea to local investment firm

Both parties agreed not to disclose the buyout conditions including sale price.

McDonald's Korea suspends Bulgogi Burger sales

The government authorities probe in for possible food contamination.

McDonald's to reduce global antibiotic use in chicken products

It will begin implementing a new broiler chicken antibiotics policy in 2018.

Weekly Global News Wrap Up: Jack in a Box to bring robot-delivered goods to your doorstep; QSRs improve their breakfast menus

Here is a summary of the most interesting QSR news stories of the week from around the world.

Motorbike delivery service sees boost in Indonesian food market

The Go-Food has reportedly transformed Jakarta's economy, economists say.

McDonald's ends agreement with Indian franchisee

It plans to shut all of its 169 restaurants in India's northern and eastern regions.

Yum! Brands sales rise in India in Q2

The Indian system sales growth of KFC is up 9% and Pizza Hut at 8%.

Max's Group assures public on poultry safety

It released a statement following the first outbreak of avian flu in the Philippines.

Max's Group net profit up 12% to US$6.5m in 1H17

Thanks to the 41 new stores and 6 overseas outlets opened during the period.

McDonald's Japan shares rise to a 16-year high

It has surpassed the gains of its US-based parent.

Domino's Pizza India to revamp products

It plans to change its packaging and produce a new marketing campaign.

Thai Beverage enters into purchase agreement with Yum Restaurants Thailand

It is for the potential acquisition of over 240 existing KFC stores in Thailand.