In Focus
Coca-Cola to acquire Costa Coffee for $5.1 billion
Coca-Cola to acquire Costa Coffee for $5.1 billion
An analyst says the beverage giant's acquisition of Costa Coffee provides a route into the lucrative China market. Coca-Cola Company has announced that they have bought Costa Coffee from its parent company, Whitbread PLC, valued at US$5.1 billion.
Can sustainability initiatives drive future returns for fast food chains?
KFC Hong Kong and Macau follows a string of chains in Asia and around the world that are reducing their plastic use.
Popeyes set to enter Philippines' competitive fast food chicken scene
This is the American chicken chain’s first major master franchise development agreement in Asia.
The rise of robots in China's foodservice industry
E-commerce giant Alibaba will roll out chain of diners staffed by robotic waiters.
In meat-hungry Hong Kong, vegan burgers find a niche
Find out how California-based vegan brand Beyond Meat is establishing a foothold in the region.
Starbucks confirms partnership with Alibaba Group, set to leverage Ele.me delivery platform by September
The global coffee chain will also collaborate with Alibaba's Hema supermarkets to establish “Starbucks Delivery Kitchens”.
Burger King Singapore aims to boost customer loyalty with app's self-pickup upgrade
Find out their thoughts on why the new upgrade empowers their customers.
Costa Coffee's new goal: 1,200 stores in China by 2022
The announcement follows notable competitors' expansion plans in the country.
FOCUS Brands continues a string of expansion plans in China with launch of Auntie Anne's
The pretzel brand marks the start of their parent company’s growth strategy in the country.
Following a global trend, KFC Singapore officially ditches plastic caps and straws
Their No Straws Initiative is estimated see a reduction of 17.8 metric tons of single-use plastics annually. All 84 KFC restaurants in Singapore will no longer serve beverages with plastic caps and straws starting on June 20, the company has officially announced. Their No Straws Initiative is estimated to bear witness to reduction of 17.8 metric tonnes of single-use plastics in a year. The iconic global brand is the first to perform this wide initiative in the island-nation, and follows other larger food and beverage brands in the region and around the world that have previously announced their own respective sustainability measures. “We acknowledge the strain that single-use plastics put on our environment and are taking steps to do our part in endeavouring a change. We recognise that every little bit counts and are proud to be the first fast food restaurant in Singapore to champion this movement, one straw at a time,” KFC Management Pte Ltd. General Manager Lynette Lee said. Prior to this announcement, KFC Singapore started their green initiatives in December 2016 when paper boxes were phased out for dine-in meals and customers were served their meals in reusable baskets. Early 2017 saw the brand introducing paper packaging for their breakfast platters and porridge bowls in place of foam packaging for their KFC morning menu. The initiatives reportedly saw a reduction of almost 5 million paper boxes and over 1.4 million sets of foam packaging in one year. Currently, KFC Singapore says they will continue to review and rollout the use of more biodegradable packaging for their offerings as part of their ongoing eco-conscious efforts.
Taco Bell “just getting started” on APAC expansion, says their int'l president
The global brand currently has 67 sites in the aforementioned region.
Fatburger and Buffalo's Express advance co-branding strategy, set to open five new sites across Indonesia
The co-branded restaurants will be located in Bali and Jakarta. Continuing its Asian expansion, Fatburger and Buffalo’s Express announced that it has signed a new development international agreement with existing partner PT Global Food Indonesia to build an additional five sites in the country.
Grabfood beta officially launches in Singapore
The food delivery app targets to be fully available in six other countries in Southeast Asia. Following its monumental acquisition of Uber Eats in the region, Grab has officially launched an islandwide beta GrabFood in Singapore.
Starbucks to double China stores to 6,000 by the end of 2022
It also reaffirmed $20 million five-year commitment to social impact programs.
Shake Shack debuts Hong Kong restaurant
It opened at the IFC Mall in Central District, Hong Kong.
Yum China's net income surged 41% to $288m in Q1
Its total system sales grew 6%, with 9% rise at KFC partially offset by 1% decline at Pizza Hut.
Impossible Foods makes international debut in Hong Kong
Little Bao and Happy Paradise will be amongst the first to serve the Impossible in Hong Kong.
Commentary
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