Legal
Starbucks Korea facing probe over US$153m in prepaid card takings
It was the only coffeehouse chain to be included in the recent inspection.
Starbucks Korea facing probe over US$153m in prepaid card takings
It was the only coffeehouse chain to be included in the recent inspection.
Haidilao to slow growth as COVID-19 subdues consumer appetite
China’s biggest hot pot chain embarked on an expansion drive in early 2020 that resulted in an almost-1,600 store network.
QSRs amongst 60 F&B outlets penalised for breaching safe management measures in Singapore
36 were ordered to close temporarily.
Jollibee to buy back US$250m in offshore notes
The tender will close on November 3.
Yum China, Lavazza lay $200m plan to open 1,000 stores by 2025
Lavazza has 22 stores in China across Shanghai, Hangzhou, Beijing and Guangzhou.
Heytea reportedly eyeing $500m Hong Kong IPO
Plans are understood to be preliminary.
Yum China’s Q3 profit to take 50-60% hit due to COVID Delta variant, company warns
Over 500 restaurants in 17 provinces were closed or offered only takeaway and delivery.
Yoshinoya, Dairy Queen operator Hop Hing Group to go private
The company operated 390 Yoshinoya and 189 Dairy Queen restaurants in China as of the end of 2020.
More stores for Domino’s after positive FY21 sales
New store openings are expected to increase to 9% to 12% per year.
Tim Hortons’ China biz to go public in $1.7bn SPAC merger
The deal is expected to close in the fourth quarter.
KFC Malaysia operator QSR Brands weighs IPO revival: report
The company is seeking a market valuation of US$1.4 billion.
Jollibee gobbles up Tim Ho Wan after buying out partners’ stakes
The company is looking to aggressively expand the brand in China, eyeing to reach 100 restaurants within the next four years.
Yum China sees Q2 growth despite Delta variant impact
It opened 404 stores during the quarter.
Starbucks to exit South Korea joint venture
The coffee giant has more than 1,500 stores across 78 cities in the country, their fifth largest market.
Jollibee eyes Philippines’ first industrial REIT
The fast food conglomerate partnered with DoubleDragon Properties Corporation.
Fairwood sees profit jump 152.4% to US$197m
The group said take-out sales and government subsidies helped.
Lotteria parent says no to Yogiyo takeover: report
Delivery Hero has been trying to sell Yogiyo in order to acquire Woowa Brothers.
