Legal
Jollibee Foods Corporation swings back to profitability in Q1
Jollibee Foods Corporation swings back to profitability in Q1
Sales from the Philippine business declined due to continued restrictions.
Yum China's profit tops pre-COVID levels
The company added 315 new stores in the first three months of the year.
Zomato files for US$1.1 billion IPO
The Indian food delivery startup was valued at $5.4 billion in its most recent fundraise round.
Luckin Coffee secures US$250 million in funds, replaces auditor
The funds will be used in part to fulfill its obligations under a settlement with the U.S. Securities and Exchange Commission.
Deliveroo expects to give US$22m of payments to riders ahead of potential future float
The payments will be based on the number of orders completed by each eligible rider.
Koufu Group's profit drops 64.3% in FY 2020
The company remains confident in its “resilient” business model.
Yoshinoya to open 50 Philippine stores after Jollibee JV
Jollibee is counting on Yoshinoya’s potential for delivery services amid varying restrictions on restaurants' dining capacity.
Luckin Coffee files for bankruptcy in the U.S.
It asked a federal judge to allow it to restructure its finances through a court case filed in the Cayman Islands, where the company is incorporated.
KFC, Pizza Hut sales in China down 4% in 2020
Yum China said performance was impacted by regional resurgences of COVID-19.
Luckin Coffee, associated firms fined nearly US$9 million over accounting fraud
The chain was also found to have engaged in anti-competitive practices.
Burger King China franchisee exploring sale: report
Deliberations are at the early stage.
Yum China confirms Hong Kong listing
Earlier reports say the company could raise around US$2 billion.
Starbucks Malaysia operator posts earnings slump, cites pandemic-induced restrictions
It hopes to have “satisfactory” results in succeeding financial year.
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.
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.
Koufu Group posts 82% decline in H1 profits
It expects to remain profitable in the next 12 months.
Yum China's second Hong Kong listing to take place in September
It operates 10,000 restaurants in over 1,400 cities across China.
