Legal

24 Sep 20
The chain was also found to have engaged in anti-competitive practices.
18 Sep 20
Deliberations are at the early stage.
1 Sep 20
Earlier reports say the company could raise around US$2 billion.
26 Aug 20
It hopes to have “satisfactory” results in succeeding financial year.
14 Aug 20
The company is also eyeing to have cloud kitchens.
13 Aug 20
Some of their proposed initiatives include extending subsidy schemes and waiving rents for four months.
12 Aug 20
It expects to remain profitable in the next 12 months.
8 Aug 20
It operates 10,000 restaurants in over 1,400 cities across China.
6 Aug 20
It expects financial performance to get progressively better in the next two quarters.
1 Aug 20
The move is expected to strengthen the group’s supply chain.
30 Jul 20
The fast food giant also has plans to reduce their stake in their Japan business.
21 Jul 20
The Indian chain shuttered 280 outlets between April and June.
14 Jul 20
Some investors questioned the voting process.
10 Jul 20
Talks are at an early stage.
9 Jul 20
ST Group, the chain’s operator in Australia, expects the petitions to not have any impact on their business.
8 Jul 20
Collectively, the business has 514 restaurants in its portfolio.
23 Jun 20
The Chinese startup’s stock price has lost 95% of its valuation since January.
19 Jun 20
The operator has been working on listing plans since the start of the year.
17 Jun 20
The operator also plans to trim its workforce amidst the viral outbreak.
4 Jun 20
They also expect to complete purchases of two coffee shops at a later date.
3 Jun 20
It suspended trading of shares last 21 April.
23 May 20
Part of the plan is to establish cloud kitchens.
21 May 20
The chain recently fired its CEO and COO.
19 May 20
Facebook co-founder Eduardo Saverin will also be joining the chain’s board of directors.
12 May 20
Jinyi Guo was named the chain’s acting chief executive.
12 May 20
Revenue growth was attributed to five coffee shops and eight food stalls opened since November 2019.
7 May 20
Its board says its working capital position remains healthy.
3 May 20
The U.S. Securities and Exchange Commission is investigating the coffee chain for fabricating millions of dollars worth of sales deals.
16 Apr 20
The stiffer measures came amidst the surge of delivery orders in the Lion City.
13 Apr 20
The decline of comparable store sales in March was less compared to February.
9 Apr 20
The company said it will concentrate on other markets.
9 Apr 20
Billions were wiped off from its market capitalisation.
9 Apr 20
The acquired brand operates 640 restaurants through a franchise model.
8 Apr 20
The company said it is seeing early signs of recovery in China.
28 Mar 20
The company said consumer boycotts of Japanese goods in South Korea also affected their business.
14 Mar 20
The company’s earnings surged in Q4 2019.
11 Mar 20
The 260-store company has been repeatedly accused of missing bill payments.
10 Mar 20
But it assured investors that it is seeing “signs of recovery”.
28 Feb 20
System sales, however, were up 5% in the same period.
27 Feb 20
The Chinese bubble tea chain seeks to raise as much as US$400 million.