Legal
Singapore firm sells stake in Philippine pizza business
GIC held a 16.8% interest in the pizza business.
Yum China revenue surges 25% in Q2
The group attributed the growth to both KFC and Pizza Hut's performance.
Advent International not moving forward with Everstone deal: report
Everstone owns 40.9% of Restaurant Brands Asia.
McDonald’s China owners plans $4b exit: report
The owners bought the business six years ago.
Chinese regulator reprimands Starbucks, Shake Shack over excessive data collection
The regulator urged these companies to take steps to protect these data.
Singaporean firm acquires Novaland F&B business
The buyer’s identify and deal value was not disclosed.
General Atlantic and Advent inches closer to buying Burger King India
Everstone Capital is reportedly selling 40.9% of Restaurant Brands Asia.
Singapore’s Flash Coffee bags $50m in Series B funding round
The brand plans to further its expansion plan with these fresh funds.
KFC India operator suffers 57% quarter earnings loss
Same-store sales in the operator's Pizza Hut operations also dropped 4%.
Chinese chain Mellower Coffee announces Vietnam exit
The brand first opened in Vietnam in 2019.
Shakey’s Pizza net profit surpasses pre-pandemic levels in 2022
This is thanks to the rise in dine-in sales and the expansion of its store network.
Tim Horton’s China operator to bring Popeyes to the Mainland
The operator will pour roughly $90m into the brand’s development in the country.
McDonald’s Korea fined $540k over data breach
The leak was said to be due to lax management.
F&B ad complaints in Singapore surged by 38.4%
The industry received 36 complaints in 2022, up from 26 in 2021.
Jollibee reports strong growth for coffee business
Its Vietnamese coffee business exceeded 600 stores in 2022.
Luckin Coffee to land in Singapore
The brand has been making aggressive plans, years after its accounting scandal.
