In Focus
Singapore's foodservice market to grow at 2.1% CAGR by 2023
Singapore's foodservice market to grow at 2.1% CAGR by 2023
Consumers are starting to ditch full service restaurants as costs remain a challenge.
Luckin Coffee's tea business to launch as an independent brand
The tea brand is expected to accelerate the company’s expansion into lower-tiered cities.
Burger King's China franchisee mulls Hong Kong IPO: report
TAB Food Investments could seek a US$1bn valuation.
Ice cream shops market in China grew 14% in 2018: report
Mintel says there is potential in after-meal occasions.
Starbucks India to ramp up store openings in 2020
The chain serves an average of 270,000 customers per week in the growing economy.
Fast food purchases in Hong Kong up 3.2% in Q2
Total restaurant receipts were down 0.4% to HK$28.7bn in the quarter.
Yum China to invest up to US$525m to open at least 800 stores this year
Most of the upcoming stores will be KFC outlets and its new Coffii & Joy cafe chain.
Popeyes reveals plan to open more than 1,500 restaurants in China
The chicken chain is the latest international brand to enter the growing market.
Inside Starbucks' first express retail store in Beijing
The coffee giant’s first ‘Now’ format combines its traditional café environment with their digital touchpoints.
Craveable Brands officially sold to PAG Asia Capital
The company operates more than 580 restaurants across its three restaurant chains.
Food on foot: Deliveroo to trial walking delivery within Singapore's CBD
The 50-rider initiative will start on 8 July.
Café de Coral Group profits up 28.9% to HK$590m in FY2019
It was boosted by its Mainland China casual dining operations.
Mos Burger continues Southeast Asia expansion with 50-store plan in the Philippines
It is one of many Japanese chains that want to increase their presence in China and Southeast Asia due to foreign demand.
Over 270 F&B outlets in Singapore to phase out plastic straws
A survey commissioned by WWF showed that 9 out of 10 people recognise the environmental problems caused by disposable plastic.
Will private equity reshape franchising in SEA?
A new report forecasts more “cross-border” franchising in the region.
Yum China eyes Thailand's 5 billion baht hotpot market
The company also plans to expand in Malaysia, the Philippines and Indonesia.
Impossible Foods announces US$300 million funding round to accelerate expansion
The company’s signature Impossible Burger continues its sales surge.
Commentary
Revolutionizing Asia's QSR Scene: How Indian Brands are Leading the Charge