Legal
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.
Cafe Coffee Day auditor resigns over “commercial considerations”
The Indian chain shuttered 280 outlets between April and June.
Luckin Coffee shakes up boardroom amidst accounting scandal
Some investors questioned the voting process.
KFC Thailand franchisee mulls US$200m potential sale: report
Talks are at an early stage.
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.
Pepper Lunch to be acquired by investment fund J-Star for US$79m
Collectively, the business has 514 restaurants in its portfolio.
Luckin Coffee gets second Nasdaq delisting notice
The Chinese startup’s stock price has lost 95% of its valuation since January.
Yum China goes ahead with Hong Kong secondary listing: report
The operator has been working on listing plans since the start of the year.
Cafe de Coral posts 87% earnings slump, plans to seek rent relief
The operator also plans to trim its workforce amidst the viral outbreak.
Kimly completes acquisitions of six food outlets for SG$35.5 million
They also expect to complete purchases of two coffee shops at a later date.
BreadTalk Group to delist from SGX on 5 June
It suspended trading of shares last 21 April.
Jollibee to spend US$138m on business restructuring
Part of the plan is to establish cloud kitchens.
Luckin Coffee gets NASDAQ delisting notice over sales fraud
The chain recently fired its CEO and COO.
Kopi Kenangan raises US$109m in series B funding
Facebook co-founder Eduardo Saverin will also be joining the chain’s board of directors.
Luckin Coffee sacks CEO, COO amidst accounting scandal
Jinyi Guo was named the chain’s acting chief executive.
Kimly Group posts 5.3% net profit growth in H1 2020
Revenue growth was attributed to five coffee shops and eight food stalls opened since November 2019.
