Legal
Jumbo Group lowers guidance as coronavirus impacts key markets
Jumbo Group lowers guidance as coronavirus impacts key markets
Its board says its working capital position remains healthy.
Luckin Coffee's technology chief resigns amidst accounting scandal: report
The U.S. Securities and Exchange Commission is investigating the coffee chain for fabricating millions of dollars worth of sales deals.
Tougher penalties imposed for food delivery personnel who disregard S'pore's safe distancing guidelines
The stiffer measures came amidst the surge of delivery orders in the Lion City.
Starbucks expects China business to “fully recover” over the next two quarters
The decline of comparable store sales in March was less compared to February.
Deliveroo to cease operations in Taiwan
The company said it will concentrate on other markets.
Luckin Coffee's value plunges after admitting to potential US$300m fraud
Billions were wiped off from its market capitalisation.
Yum China completes acquisition of controlling stake in Huang Ji Huang
The acquired brand operates 640 restaurants through a franchise model.
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.
