Legal
Luckin Coffee, associated firms fined nearly US$9 million over accounting fraud
Luckin Coffee, associated firms fined nearly US$9 million over accounting fraud
The chain was also found to have engaged in anti-competitive practices.
Burger King China franchisee exploring sale: report
Deliberations are at the early stage.
Yum China confirms Hong Kong listing
Earlier reports say the company could raise around US$2 billion.
Starbucks Malaysia operator posts earnings slump, cites pandemic-induced restrictions
It hopes to have “satisfactory” results in succeeding financial year.
Max's Group swings to US$12m half-year loss, cites “full impact” of COVID-19
The company is also eyeing to have cloud kitchens.
Deliveroo calls for further aid to Hong Kong's restaurant sector
Some of their proposed initiatives include extending subsidy schemes and waiving rents for four months.
Koufu Group posts 82% decline in H1 profits
It expects to remain profitable in the next 12 months.
Yum China's second Hong Kong listing to take place in September
It operates 10,000 restaurants in over 1,400 cities across China.
Jollibee Foods Corporation incurs US$207m net loss in Q2
It expects financial performance to get progressively better in the next two quarters.
Koufu Group acquires Deli Asia
The move is expected to strengthen the group’s supply chain.
McDonald's China going ahead with 400 restaurant openings this year
The fast food giant also has plans to reduce their stake in their Japan business.
Cafe Coffee Day auditor resigns over “commercial considerations”
The Indian chain shuttered 280 outlets between April and June.
Luckin Coffee shakes up boardroom amidst accounting scandal
Some investors questioned the voting process.
KFC Thailand franchisee mulls US$200m potential sale: report
Talks are at an early stage.
Winding-up petitions against PappaRich Malaysia group filed
ST Group, the chain’s operator in Australia, expects the petitions to not have any impact on their business.
Pepper Lunch to be acquired by investment fund J-Star for US$79m
Collectively, the business has 514 restaurants in its portfolio.
Luckin Coffee gets second Nasdaq delisting notice
The Chinese startup’s stock price has lost 95% of its valuation since January.
Commentary
Revolutionizing Asia's QSR Scene: How Indian Brands are Leading the Charge