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Weekly Global News Wrap
Weekly Global News Wrap Up
Dunkin' Donuts Thailand operator Mudman to apply rebranding changes to attract more customers
18 Oct 18
The company also plans to introduce more offerings and combo meals.
Jollibee to bring Panda Express to the Philippines
27 Sep 18
The Philippines' largest fast food chain has also set a date for the opening of their first site in the UK.
Baker & Cook and Pan Malaysia to form joint venture company in Malaysia
27 Sep 18
The group plans to diversify its business profile.
Mad Mex on partnering with 4FINGERS, and why they see “numerous” expansion opportunities in Asia
25 Sep 18
Founder and CEO Clovis Young also confirmed that a brand refresh is due in the coming months.
NTUC Enterprise to buy Kopitiam in bid to maintain affordability of cooked food
24 Sep 18
The deal is expected to be completed by the end of 2018.
Hot pot chain Haidilao defies market slump after raising nearly US$1b in IPO
19 Sep 18
The firm sold around 8% of equity capital at $17.80 per share.
Kuya J Group eyes IPO in 2020
18 Sep 18
The group will be joining the likes of Jollibee Foods Corp.
Haidilao looks to fuel international expansion with Hong Kong IPO
11 Sep 18
The largest Chinese hotpot restaurant chain is expected to list on September 26.
BreadTalk Group to launch first Wu Pao Chun bakery in Singapore in 2019
11 Sep 18
The first store under the partnership will be located in Capitol Piazza.
Costa Coffee to close all outlets in Singapore
10 Sep 18
A spokesperson said that they have decided to leave the country since the beginning of 2018.
Coca-Cola to acquire Costa Coffee for $5.1 billion
5 Sep 18
An analyst says the beverage giant's acquisition of Costa Coffee provides a route into the lucrative China market.
Everstone to sell minority stake in Burger King India
3 Sep 18
The sale process will reportedly launch in a few weeks time.
Yum China reportedly turns down private buyout offer
30 Aug 18
The offer is said to be the largest take-private in Asia if the food operator accepted.
Jumbo Group revenues up by 2.9% for third quarter
23 Aug 18
The group continues plans to open more restaurants in Singapore, Thailand, Taiwan and China.
Is a Yum China buyout on the horizon?
23 Aug 18
KFC, Pizza Hut, and Taco Bell in China could soon belong to new owners.
BreadTalk Group revenues ascend as second quarter ends
3 Aug 18
The group’s new brands are said to have beaten expectations.
Chinese startup Luckin Coffee raises $200 million
13 Jul 18
The coffee chain reached a valuation of $1 billion.
Papa John's International completes sale of China sites
3 Jul 18
They sold all 34 locations to a private equity firm-owned portfoilo company.
Jollibee tagged in Philippine ‘endo' issue
30 May 18
The country’s largest fast food operator is suspected to be engaged in labor-only contracting.
Ediya Coffee postpones IPO plan in China
18 Apr 18
It deemed the timing to be poor amidst rises in labour cost.
McDonald's Indian franchise under probe due to tax evasion
18 Apr 18
The Income Tax department conducted searches at nearly 20 premises of Hardcastle Restaurants Pvt Ltd.
Chatime Malaysia to sue Loob Holding over brand misrepresentation
21 Mar 18
Loob Holding’s official website allegedly indicated that Chatime was renamed to Tealive.
Old Chang Kee Singapore gross profit rose 3.7% to $13.4m in Q3
7 Mar 18
The Group’s revenue increased to approximately S$22.2m for the period from 1 October 2017 to 31 December 2017, an increase of approximately...
Seoul investigators raid McDonald's offices in beef probe
25 Oct 17
A minimum of five children have allegedly suffered a kidney disease after consuming burgers from the chain.
Bangkok bans street food stalls from roadside
26 Apr 17
Authorities are removing street food stalls from its roads in the interest of safety and order.
Auntie Anne's Malaysia told to change hot dog name
25 Oct 16
Islamic authorities ordered the change to the brand's Pretzel Dog.
Food Empire Holdings trumps McCafe in brand identity battle in Lithuania
3 Aug 16
MacCoffee 3 in 1 isn’t “confusingly similar,” court rules.
China sovereign fund bids for USD 8b Yum unit: Bloomberg
11 May 16
The unit operates over 7,100 KFC, Pizza Hut outlets.
Can Yum Brands’ China division recover from back to back food safety scandals?
8 Apr 16
It’s pinning hopes on an ongoing spin-off.
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