Singapore

Jumbo Group reports 5.5% revenue growth for FY18

Jumbo Group reports 5.5% revenue growth for FY18

The group plans to launch more Jumbo Seafood and Tsui Wah stores in Singapore for the next 12 months.

Sakae Sushi's parent company reports 36.6% revenue decline for Q1

The decrease is said to have dragged down by streamlining of group operations.

Weekly Global News Wrap Up: Burger King's Whopper Shopper; Dunkin's coffee upgrades; second Nutella Cafe opens in New York City

Here is a summary of the most interesting QSR news stories of the week from around the world.

GrabFood launches in the Philippines with 4,000 restaurant partners

Their number of users have grown ten times bigger over the past three months.

Deliveroo eyes 2,000-hawker base in Singapore by end of 2019

The food aggregator will also launch a number of new features primarily dedicated to hawkers.

Foodtech slowly devours startup funding in Singapore

The launch of US$40m VisVires New Protein (VVNP) fund with its niche focus on the global food and feed system attests to the growing investor appetite for foodtech startups.

How the Loco Group plans to differentiate their upcoming Mexican fast casual concept

The company plans to stay ahead of the competition by focusing on customer experience. The Loco Group, a Mexican restaurant and bar group in Singapore, has confirmed their plans to launch a fast casual concept that aims to be different from “the usual” Mexican restaurants in the island-nation. Dubbed as Chico Loco, co-founder and director Ajay Parag says that they see an “immense opportunity” as Singaporeans are beginning to look for a high-quality dining experience that also offers low prices. He also mentioned that as most Mexican concepts serve tacos, burritos and nachos, Chico Loco’s signature offering will be a hormone-free Mexican spit-roast chicken. “It will have the same great quality and attention to detail as our restaurants – that will always remain as our core element – but it’s a concept that can be scaled with a lot more ease compared to a full-service restaurant,” Parag exclusively told QSR Media. The Loco Group currently operates Lucha Loco and Super Loco, having a total of three outlets in Singapore with an upcoming fourth site in the island-nation. They also made their way in Indonesia through another Super Loco branch.

Auntie Anne's to debut in Myanmar

The brand will continue to expand in the country for the next five years.

Foodpanda launches pick-up feature for pre-orders in 2,000 restaurants

Customers using Pick-Up will not incur delivery fees and adhere to order or location restrictions.

BreadTalk Group profits crashed 34.7% to $7m in Q3

Expenses from their first Din Tai Fung outlet in London dragged it down.

Casual Dining Group to launch in United Arab Emirates

The company who owns the Bella Italia and Las Iguanas brands is also looking to expand in more markets in Asia, Europe and North Africa.