Food Services

McDonald's Japan net sales bolster 11.2% to $2.4b

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.

Yum China's net income crashed 20% in 2017

For the fourth quarter, Yum's operating profit rose by 23% to $71 million.

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.

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.

QSR Media Asia Detpak Conference and Awards tickets now sold out

QSR Media Detpak Conference and Awards will take place for the first time in Asia, marking a milestone in its history. Gathering approximately 209...

Caffe Bene files for court-led restructuring

The legal move follows a protracted slump and mounting losses, the company said.

Indian QSR is making a resurgence

The United Nations World Economic Situation and Prospects 2018 estimated the Indian industry to grow at 7.2% in 2018.