Legal

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

The chain was also found to have engaged in anti-competitive practices.
10 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.
10 months ago

Burger King China franchisee exploring sale: report

Deliberations are at the early stage.
10 months ago

Yum China confirms Hong Kong listing

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

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

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

Max's Group swings to US$12m half-year loss, cites “full impact” of COVID-19

The company is also eyeing to have cloud kitchens.
11 months ago

Deliveroo calls for further aid to Hong Kong's restaurant sector

Some of their proposed initiatives include extending subsidy schemes and waiving rents for four months.
11 months ago

Koufu Group posts 82% decline in H1 profits

It expects to remain profitable in the next 12 months.
11 months ago

Yum China's second Hong Kong listing to take place in September

It operates 10,000 restaurants in over 1,400 cities across China.
11 months ago

Jollibee Foods Corporation incurs US$207m net loss in Q2

It expects financial performance to get progressively better in the next two quarters.
11 months ago

Koufu Group acquires Deli Asia

The move is expected to strengthen the group’s supply chain.
11 months ago

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.
1 year ago

Cafe Coffee Day auditor resigns over “commercial considerations”

The Indian chain shuttered 280 outlets between April and June.
1 year ago

Luckin Coffee shakes up boardroom amidst accounting scandal

Some investors questioned the voting process.
1 year ago

Winding-up petitions against PappaRich Malaysia group filed

ST Group, the chain’s operator in Australia, expects the petitions to not have any impact on their business.
1 year ago

Pepper Lunch to be acquired by investment fund J-Star for US$79m

Collectively, the business has 514 restaurants in its portfolio.
1 year ago

Luckin Coffee gets second Nasdaq delisting notice

The Chinese startup’s stock price has lost 95% of its valuation since January.
1 year ago