Food Services
Weekly Global News Wrap Up: Starbucks to close all Teavana retail stores; Papa John's switches to antibiotic-free chicken; Locations of QSRs unrelated to obesity rate, study says
Weekly Global News Wrap Up: Starbucks to close all Teavana retail stores; Papa John's switches to antibiotic-free chicken; Locations of QSRs unrelated to obesity rate, study says
Here is a summary of the most interesting QSR news stories of the week from around the world.
Starbucks to acquire 5,000 stores in Mainland China by 2021
It is the largest single acquisition in the company’s history.
Koreans shun burger products as “burger phobia” spreads in South Korea
McDonald's 'patty controversy' are receiving more complaints.
Starbucks releases new addition to exclusive Jeju products
It introduced nine new products available exclusively at 15 stores in Jeju, Korea.
Apple Pay aims popularisation in China
It offered big discounts at major retailers.
Yum China gets dragged down by Pizza Hut's slump
Yum China Holdings Inc reported its quarterly sales below estimates, weighed down by sluggish growth at Pizza Hut.
Here’s how Yum China is leveraging local investors for its spinoff
A USD 460m investment is on its way.
Malaysia's QSR Brands said to mull USD 400m IPO in 2017
It's inviting bankers to pitch for roles next month.
Singapore environment authority zeroes in on takeaway packaging
It called a tender to conduct a study on disposables.
Singapore food delivery market headed to dangerous territory with exclusivity deals
Local competition watchdog says industry competitiveness is at risk.
Singapore food delivery market headed to dangerous territory with exclusivity deals
Local competition watchdog says industry competitiveness is at risk.
Is China the next big thing for Asia's fast food giants?
Waning consumer demand isn't dampening operators' appetites.
JFC's net profits jump 17.2% to USD 35.73m
Thanks to robust growth in Philippine operations.
Sakae books $1.2m net loss in Q2
Due to lacklustre market sentiment and fierce competition.
Jumbo's attributable profit skyrockets 101% YoY to $3.4m in Q3
Thanks to joint ventures, strong China performance.
Japan Foods' profits soar 24.1% to $1.3m
Thanks to increased share results from its brands.
Japan food service sales inch up 1% in Q1
Thanks to increased opportunities to dine out.
