Legal
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.
Chinese bubble tea chain ChaPanda seeks $320m IPO in Hong Kong
It is set to be the biggest IPO in Hong Kong this year.
Starbucks Malaysia owner may go private: report
Starbucks has nearly 400 stores in Malaysia
foodpanda parent denies reports of SEA business sale talks have soured
The sale was announced in September last year.
Pirata Group co-founder takes on role of interim CEO
The restaurant group operates 26 restaurants.
China bubble tea giants to apply for Hong Kong IPO
Both are planning to raise around $300m to $1b.
