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KFC India operator suffers 57% quarter earnings loss
KFC India operator suffers 57% quarter earnings loss
Same-store sales in the operator's Pizza Hut operations also dropped 4%.
Chinese chain Mellower Coffee announces Vietnam exit
The brand first opened in Vietnam in 2019.
Shakey’s Pizza net profit surpasses pre-pandemic levels in 2022
This is thanks to the rise in dine-in sales and the expansion of its store network.
Tim Horton’s China operator to bring Popeyes to the Mainland
The operator will pour roughly $90m into the brand’s development in the country.
McDonald’s Korea fined $540k over data breach
The leak was said to be due to lax management.
F&B ad complaints in Singapore surged by 38.4%
The industry received 36 complaints in 2022, up from 26 in 2021.
Jollibee reports strong growth for coffee business
Its Vietnamese coffee business exceeded 600 stores in 2022.
Luckin Coffee to land in Singapore
The brand has been making aggressive plans, years after its accounting scandal.
McDonald’s South Korea back on sale: report
The seller is expected to send out “teaser letters” to potential buyers as early as next month.
Luckin Coffee now bigger than Starbucks in China
The scandal-tainted startup is staging a comeback.
Japan Foods’ H2 profit up 46.4% to S$4.9m
Chief executive and chairman Takahashi Kenichi said the group’s performance and responses to its halal brands have been “extremely” encouraging.
Max’s Group Q1 earnings dip 88% amidst lockdown restrictions
The company expanded its reach and market by exploring other channels, such as cloud kitchens, retail outlets, and e-commerce platforms.
Domino’s China operator files for Hong Kong listing
DPC revealed plans to open 120 new stores this year.
Yum China expands share repurchase plan
The company earlier said it might delist from the New York Stock Exchange by 2024.
ST Group gets majority control of Papparich Australia
The group has increased its equity interest in PAPL to 90%.
Domino’s half-year profit down, eyes delivery growth to counter labour pressures
The company expects to reach $4 billion in global food sales this year.
Mom's Touch closes all Singapore outlets operated by No Signboard
No Signboard's wholly-owned subsidiary Hawker QSR operates Mom's Touch fast-food restaurants in Singapore.
Commentary
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