Food Services
Weekly Global News Wrap: KFC apologises for FCK-ing up; Dunkin' Donuts ramps up expansion in the US; Subway might upgrade its rewards programme
Weekly Global News Wrap: KFC apologises for FCK-ing up; Dunkin' Donuts ramps up expansion in the US; Subway might upgrade its rewards programme
Here is a summary of the most interesting QSR news stories of the week from around the world.
Jumbo Group net profit crashed 19.2% to $2.1m in Q1
It cited the increase in the number of outlets and expansion of the PRC corporate office.
Indonesia's Go-Jek raises $2b for expansion and digital investments
It has raised a higher than targeted $1.5b in a fundraising round.
Two in three online meal orders based on promo pricing
And snacking at the office rather than lunch or dinner is the fastest growing segment for online food ordering in China.
McDonald's Japan net sales bolster 11.2% to $2.4b
Under the leadership of CEO Sarah Cassanova, the fast food giant began to focus on improvements in the quality of food, promotions, service, and...
Global News Wrap Up: Jollibee raises stake in Smashburger; Taco Bell's CEO steps down; Chicken and chip shortage hits KFC UK
Here is a summary of the most interesting QSR news stories of the week from around the world.
Starbucks Japan taps in to coffee machine leasing
It is leasing office-use machines that brew "the same coffee that is served at its outlets".
Jollibee's profit soars 15% to $136.3m
The fast food giant opened 465 stores in 2017.
Prosecutors refute charges against McDonald's Korea
The prosecution said there was no sufficient evidence to back the beef contamination issue.
Global News Wrap Up: Arby's and Buffalo merge to form Inspire Brands Inc; Yum Brands to invest $200m in Grubhub; Dunkin' Donuts pledges to remove foam cups
Here is a summary of the most interesting QSR news stories of the week from around the world.
Yum China's net income crashed 20% in 2017
For the fourth quarter, Yum's operating profit rose by 23% to $71 million.
Global News Wrap Up: Panera offers 'clean consultant' services; Starbucks rolls out its own Visa Card; Wendy's calls out McDonald's for using frozen beef
Here is a summary of the most interesting QSR news stories of the week from around the world.
60 Subway outlets halt pork-based sandwiches
Although the brand said in a disclaimer that the non-pork servicing restaurants are not halal certified.
SM Retail Inc. scraps acquisition deal of Goldilocks Bakeshop Inc.
SMIC Corporate Secretary Elmer Serrano cited changes in the business environment.
Global News Wrap Up: Burger King's Whopper Neutrality; Starbucks Coffee Company offers sick leave; Panera slams rivals for using fake eggs
Here is a summary of the most interesting QSR news stories of the week from around the world.
Starbucks China posts record revenue of $6 billion in Q1
The coffee behemoth delivered solid profit growth and its first ever $6 billion revenue quarter in Q1.
Inaugural QSR Media Asia Detpak Conference & Awards 2018 in Singapore
Also in attendance were around 200 executives from top local and international QSR brands.
Commentary
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