In Focus
McDonald's to invest US$380m in Chinese coffee market, eyes 4,000 McCafé outlets by 2023
It currently operates more than 3,600 restaurants across the country.
McDonald's to invest US$380m in Chinese coffee market, eyes 4,000 McCafé outlets by 2023
It currently operates more than 3,600 restaurants across the country.
Why chains need to diversify its channels and formats, as told by Restaurant Brands International, Focus Brands, Pizza Hut and Chatime
Analysts also provide an outlook for the future and on particular trends.
Yum China confirms Hong Kong listing
Earlier reports say the company could raise around US$2 billion.
Koufu Group inks franchising deal to expand Supertea, R&B Tea to the Philippines
A “co-branding” strategy will be utilised in the first year of business.
Starbucks India adds a step forward in coffee giant's gender diversity push
The chain recently opened two stores operated entirely by women.
Koufu Group posts 82% decline in H1 profits
It expects to remain profitable in the next 12 months.
Singapore's F&B sales see slight improvement amidst Phase 2 of post-circuit breaker reopening
Total sales in June was estimated at S$496 million.
McDonald's China going ahead with 400 restaurant openings this year
The fast food giant also has plans to reduce their stake in their Japan business.
Starbucks China's mobile ordering feature to join four Alibaba apps
The move expects to reach up to nearly one billion users.
Thai fast food operator Central Restaurants Group wants 100 cloud kitchens by 2024
The company is expected to open more restaurants this year.
Pepper Lunch to be acquired by investment fund J-Star for US$79m
Collectively, the business has 514 restaurants in its portfolio.
Marugame Udon sets sights on London as start of European expansion
The restaurant chain is expected to enter the city by early 2021.
F&B businesses in SEA say efforts to cut on plastic waste “not sufficient”: UNEP
Consumers’ focus on recycling is also increasing.
Cafe de Coral posts 87% earnings slump, plans to seek rent relief
The operator also plans to trim its workforce amidst the viral outbreak.
Paris Baguette eyes presence in Canadian bakery market
The South Korea-headquartered chain initially had plans to further expand in the U.S. and Singapore.
Yum! China brings Beyond Meat's plant-based burgers to KFC, Pizza Hut, Taco Bell
The country remains one the world’s highest meat consumers.
Jollibee to spend US$138m on business restructuring
Part of the plan is to establish cloud kitchens.
