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Yum China’s Q3 profit to take 50-60% hit due to COVID Delta variant, company warns
Over 500 restaurants in 17 provinces were closed or offered only takeaway and delivery.
6 days ago
Yoshinoya, Dairy Queen operator Hop Hing Group to go private
The company operated 390 Yoshinoya and 189 Dairy Queen restaurants in China as of the end of 2020.
More stores for Domino’s after positive FY21 sales
New store openings are expected to increase to 9% to 12% per year.
Tim Hortons’ China biz to go public in $1.7bn SPAC merger
The deal is expected to close in the fourth quarter.
KFC Malaysia operator QSR Brands weighs IPO revival: report
The company is seeking a market valuation of US$1.
Jollibee gobbles up Tim Ho Wan after buying out partners’ stakes
The company is looking to aggressively expand the brand in China, eyeing to reach 100 restaurants within the next four years.
Yum China sees Q2 growth despite Delta variant impact
It opened 404 stores during the quarter.
Starbucks to exit South Korea joint venture
The coffee giant has more than 1,500 stores across 78 cities in the country, their fifth largest market.
Jollibee eyes Philippines’ first industrial REIT
The fast food conglomerate partnered with DoubleDragon Properties Corporation.
Fairwood sees profit jump 152.4% to US$197m
The group said take-out sales and government subsidies helped.
Lotteria parent says no to Yogiyo takeover: report
Delivery Hero has been trying to sell Yogiyo in order to acquire Woowa Brothers.
Jollibee targeting 500 new stores in 2022
Its CEO expects the business to continue to recover in the months ahead.
Café de Coral to speed up China expansion after net profit improves
The company said it was able to take advantage of China’s “shorter recovery period”.
Paris Baguette makes Cambodia debut
The bakery chain’s owner SPC Group looks to further expand in Southeast Asia.
KFC India franchisee Devyani International files for US$191m IPO
The company was able to open 109 stores across its core brand business in the last six months despite the pandemic.
Starbucks Korea posts 77.8% net profit in Q1
An increase in mobile orders and drive-thru stores contributed to the sales hike.
