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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”.
3 days ago

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”.
3 days ago

Paris Baguette makes Cambodia debut

The bakery chain’s owner SPC Group looks to further expand in Southeast Asia.
7 days ago

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.
24 days ago

Starbucks Korea posts 77.8% net profit in Q1

An increase in mobile orders and drive-thru stores contributed to the sales hike.
24 days ago

Jollibee Foods Corporation swings back to profitability in Q1

Sales from the Philippine business declined due to continued restrictions.
1 month ago

Yum China's profit tops pre-COVID levels

The company added 315 new stores in the first three months of the year.
1 month ago

Zomato files for US$1.1 billion IPO

The Indian food delivery startup was valued at $5.4 billion in its most recent fundraise round.
1 month ago

Luckin Coffee secures US$250 million in funds, replaces auditor

The funds will be used in part to fulfill its obligations under a settlement with the U.S. Securities and Exchange Commission.
2 months ago

Deliveroo expects to give US$22m of payments to riders ahead of potential future float

The payments will be based on the number of orders completed by each eligible rider.
3 months ago

Koufu Group's profit drops 64.3% in FY 2020

The company remains confident in its “resilient” business model.
3 months ago

Yoshinoya to open 50 Philippine stores after Jollibee JV

Jollibee is counting on Yoshinoya’s potential for delivery services amid varying restrictions on restaurants' dining capacity.
4 months ago

Luckin Coffee files for bankruptcy in the U.S.

It asked a federal judge to allow it to restructure its finances through a court case filed in the Cayman Islands, where the company is incorporated.
4 months ago

KFC, Pizza Hut sales in China down 4% in 2020

Yum China said performance was impacted by regional resurgences of COVID-19.
4 months ago

Luckin Coffee, associated firms fined nearly US$9 million over accounting fraud

The chain was also found to have engaged in anti-competitive practices.
8 months ago

Burger King China franchisee exploring sale: report

Deliberations are at the early stage.
8 months ago

Yum China confirms Hong Kong listing

Earlier reports say the company could raise around US$2 billion.
9 months ago

Starbucks Malaysia operator posts earnings slump, cites pandemic-induced restrictions

It hopes to have “satisfactory” results in succeeding financial year.
9 months ago