Legal
Jollibee cuts capex as COVID-19 disrupts operations
Jollibee cuts capex as COVID-19 disrupts operations
The company said it is seeing early signs of recovery in China.
Aori Ramen files for bankruptcy due to COVID-19
The company said consumer boycotts of Japanese goods in South Korea also affected their business.
Max's Group grows net profit by 14.8%
The company’s earnings surged in Q4 2019.
Hui Lau Shan served with winding-up order: report
The 260-store company has been repeatedly accused of missing bill payments.
Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption
But it assured investors that it is seeing “signs of recovery”.
Minor International's restaurants post 3% drop in same-store sales in FY 2019
System sales, however, were up 5% in the same period.
Nayuki mulls US IPO: report
The Chinese bubble tea chain seeks to raise as much as US$400 million.
BreadTalk Group loses SG$5.2m in FY 2019
Only the company’s restaurant division showed profit growth.
MOS Burger owner eyes JV in Vietnam: report
The burger company also plans to launch 10 stores in three years.
Kimly acquires SG$55.8m worth of food outlet properties
It consists of four new coffee shops, three industrial canteens and a restaurant unit.
BreadTalk to be delisted from SGX
Its major shareholders offered to buy all of its other shares for $0.77 apiece.
Jollibee Foods Corporation's net income dips 14.4% in 2019
The fast food giant recorded a system-wide sales growth of 14.9% to P243.8 bn (US$4.8 bn).
Tealive owner eyes IPO this year
The company might be valued at about RM 1 billion (US$242 million).
Chaayos owner raises US$21.5 million investment
The company eyes to bring its total store count to 300 across India.
Luckin Coffee slams anonymous report on alleged fraud
The China-based coffee chain said it is taking “appropriate” actions on the matter.
OUE acquires majority stake in Indonesia-based coffee chain operator
Maxx Coffee will become an indirect subsidiary of the group.
Yum China's same-store CNY sales down almost half amidst Wuhan virus outbreak
The restaurant operator has also introduced contactless delivery services amidst slumping dine-in traffic.
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