Legal
Citic sells 19.23% McDonald's China, HK stake for $430.3m
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Domino's Pizza allocates 7.66% shares in China business to institutional investors
This will be done through off-market block trades.
Chanson International Holding net income slips 14.4% in H1
The drop in revenue was attributed to lower sales in China and the US
Here's how ZUS Coffee plans to spend its $57.7m raise
The fresh funds will be used to reignite international expansion.
Domino's Australia releases statement on shareholder class action
Read the full statement here.
Little Caesars announces Singapore exit
The brand first launched in the country in 2018.
Flash Coffee reports 50% revenue growth amidst focus towards Indonesia
The brand operates 67 coffee outlets in Indonesia.
Weak catering demand to dampen Haidilao’s revenue growth in H2
Soft economic conditions will have consumers looking elsewhere.
Starbucks Malaysia operator posts 52% drop in revenue in Q4
The group attributed the loss to sentiment in relation to the conflict in the Middle East.
99 Pancakes raises $2.38m to fuel expansion in India
The brand will focus on Tier 1 cities.
Yum China reports 4% total system sales boost in Q2
This was attributed to the group’s effort in creating low ticket items.
Luckin Coffee reports net revenue surge of 35.5% in Q2
The brand saw fewer outlet openings this quarter.
Jollibee buys Korean coffee brand Compose Coffee for $340m
It will own a 70% stake in the coffee brand.
Popeyes parent spends $45m to build China business
RBI announced plans to ramp up the expansion of Popeyes in the country.
GOPIZZA secures $10m from Thai conglomerate Charoen Pokphand Group
The brand currently has a total of $43m in investments.
Asian fast food giant Jollibee suffers data breach
Read the full statement here.
QSR Brands issues statement on reports of temporary KFC outlet closures in Malaysia
Read below for the full statement.
Commentary
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