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Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption
But it assured investors that it is seeing “signs of recovery”.
Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption
But it assured investors that it is seeing “signs of recovery”.
Minor International's restaurants post 3% drop in same-store sales in FY 2019
System sales, however, were up 5% in the same period.
Nayuki mulls US IPO: report
The Chinese bubble tea chain seeks to raise as much as US$400 million.
BreadTalk Group loses SG$5.2m in FY 2019
Only the company’s restaurant division showed profit growth.
MOS Burger owner eyes JV in Vietnam: report
The burger company also plans to launch 10 stores in three years.
Kimly acquires SG$55.8m worth of food outlet properties
It consists of four new coffee shops, three industrial canteens and a restaurant unit.
BreadTalk to be delisted from SGX
Its major shareholders offered to buy all of its other shares for $0.77 apiece.
Jollibee Foods Corporation's net income dips 14.4% in 2019
The fast food giant recorded a system-wide sales growth of 14.9% to P243.8 bn (US$4.8 bn).
Tealive owner eyes IPO this year
The company might be valued at about RM 1 billion (US$242 million).
Chaayos owner raises US$21.5 million investment
The company eyes to bring its total store count to 300 across India.
Luckin Coffee slams anonymous report on alleged fraud
The China-based coffee chain said it is taking “appropriate” actions on the matter.
OUE acquires majority stake in Indonesia-based coffee chain operator
Maxx Coffee will become an indirect subsidiary of the group.
Yum China's same-store CNY sales down almost half amidst Wuhan virus outbreak
The restaurant operator has also introduced contactless delivery services amidst slumping dine-in traffic.
Jollibee Foods Corporation raises US$600 million from maiden bond offering
The company said that the offering was oversubscribed by almost 10 times the original securities amount.
McDonald's, Starbucks, KFC shut China stores amidst coronavirus outbreak
Currently, the death toll has reached over a hundred with 4,500 confirmed infections.
Burger King India gets market regulator's nod for IPO
The company is offering a fresh issue of up to INR 4 billion (US$56.2m) equity shares.
Yum China considering Hong Kong listing: report
The company’s possible second listing could raise as much as US$2 billion.
