Singapore

BreadTalk Group's net profit up 82.5% in Q4, buys out joint venture partner in Thailand

The company says they have gained "strong momentum" through their joint ventures and partnerships.

Old Chang Kee's earnings up 24.6% at SG$1.5m in Q3

In contrast, they tallied a smaller outlet count in Singapore at the end of 2018.

Starbucks remains 'most valuable' restaurant brand: study

The coffee giant, according to Brand Finance, is valued at US$39.3 billion.

Singapore's food and beverage sales rise by 4.5% YoY in December

Total sales value was estimated at SG$925 million, with growth felt across the board.

Deliveroo targets nearly 10,000 restaurants in bid for foodtech supremacy

The food delivery firm is beefing up its logistics network by adding 5,000 restaurant partners and 2,000 riders.

Kimly reports $5.3 million net profit for Q1

Its own brand of iced coffee and tea is slated to arrive by March.

Sakae Sushi parent company posts Q2 net loss of $545,000

This was attributed to streamlining of operations that resulted in a fall in revenue.

Singapore investment firm Yoma Strategic to buy 65% stake in Myanmar restaurant chain YKKO

YKKO is known for its “Kyay-OH” noodle dish, which contributes to the majority of the company’s sales.

Starbucks 'unlikely' to be overtaken in China by Luckin this year, CEO says

The coffee giant currently has over 3,600 stores in the country.

Weekly Global News Wrap: Chick-fil-A tops U.S. customer service survey; QSRs reveal positive full-year results; McDonald's eyes more sites in Russia

Here is a summary of the most interesting QSR news stories of the week from around the world. Chick-fil-A tops yet another survey on customer service in the U.S., this time by weekly magazine Newsweek and Statista. The two companies say they used information from categories like customer focus, quality communication, accessibility, and technical competence. See the results here. 

Burger and Lobster set to open in Singapore

This will be the London-based restaurant chain’s fifth Asian market following UAE, Thailand, Malaysia and Kuwait.

No Signboard Holdings reports over SG$570,000 loss in Q1

The decrease is said to be driven by major repairs of one outlet and fall in average spending per customer.