Legal
Minor International sets up joint venture to expand The Coffee Club in Vietnam
Minor International sets up joint venture to expand The Coffee Club in Vietnam
The new JV has a registered capital of US$1 million.
Daesang to sell remaining stake in Ministop Korea to Japanese partner
The involved parties aim to complete the sale process within March.
QSR Brands' IPO set for second-quarter launch: report
Negotiations with cornerstone investors reportedly are set to start.
Starbucks India profiteered from tax cut, probe finds
The coffee chain says that it "conducts its business ethically and complies with all the local laws and regulations".
BreadTalk Group's net profit up 82.5% in Q4, buys out joint venture partner in Thailand
The company says they have gained "strong momentum" through their joint ventures and partnerships.
Old Chang Kee's earnings up 24.6% at SG$1.5m in Q3
In contrast, they tallied a smaller outlet count in Singapore at the end of 2018.
Kimly reports $5.3 million net profit for Q1
Its own brand of iced coffee and tea is slated to arrive by March.
Sakae Sushi parent company posts Q2 net loss of $545,000
This was attributed to streamlining of operations that resulted in a fall in revenue.
Jubilant Enpro withdraws Jubilant Foodworks' charge on corporate brand royalty payment
The announcement came hours after the fast food operator approved of the said payment.
Luckin Coffee reportedly preparing for U.S. IPO
They are aiming to collect around US$300 million.
No Signboard Holdings reports over SG$570,000 loss in Q1
The decrease is said to be driven by major repairs of one outlet and fall in average spending per customer.
KFC gives wings to Yum China's growth in Q4
The company plans to open 600 to 650 outlets during FY 2019.
Japan Foods reports 51.3% loss in Q3
The decline was driven by expenses for new store openings and increased operating costs.
ZEN Corporation Group readies for IPO to fuel domestic and international expansion
The company expects to be listed during the first quarter of the year.
Unison Capital puts Gong Cha up for sale
The private equity firm is offering 100% of its stake.
Starbucks reports 45% revenue surge for Q1 in APAC
The growth is driven by the ownership change in East China as well as their 13% store growth.
Jollibee taking legal action to protect trademark from ‘JoyRulBee' in China
A viral video revealed a Chinese outlet seemingly mimicking the Philippine chain’s bee logo and in-store design.
Commentary
Revolutionizing Asia's QSR Scene: How Indian Brands are Leading the Charge