News
Weekly Global Wrap: Chipotle uses AI in hiring spree; KFC moves to Texas; Jollibee launches exclusive US drink ranges
Weekly Global Wrap: Chipotle uses AI in hiring spree; KFC moves to Texas; Jollibee launches exclusive US drink ranges
Here is a summary of the most interesting QSR news stories of the week globally.
Bubble tea chain Mixue targets $444m in Hong Kong IPO
The IPO is priced at HK$202.50 per share.
Doner Shack debuts pop-up booth in Qatar
It will be operating until 22 February.
Luckin Coffee’s net revenue surges by 38% YoY in FY2024
Total number of stores increased by 37.5% YoY to 22,340.
Restaurant Brands International buys back Burger King China
The transaction price was approximately $158m in cash.
The Coffee Bean & Tea Leaf expands in India with new Delhi store
The brand aims to open 250 stores nationwide over the next five years.
Southeast Asia’s food delivery market soars by 13% YoY in 2024
Vietnam and Indonesia led the region’s growth with 26% and 18% YoY, respectively.
Loob Holding to bring Tealive to India in Devyani Int'l deal
The brand is set to open outlets in major cities this year.
Social Media Wrap: The Coffee Bean & Tea Leaf Singapore's new look; Haidilao Malaysia taps into collectibles market; McDonald's Indonesia partners with Coca-Cola
Find out what QSRs have been up to on social media this week.
Starbucks Singapore revamps its rewards program
Guests can now earn stars with every purchase using any payment method.
Philippine bourse lifts Jollibee’s foreign ownership limit
It was previously set at 40%.
Starbucks reopens Reserve store at The Avenues in Kuwait
The new design pays tribute to the heritage of Kuwaiti traditions and culture.
Weekly Global Wrap: Uber files lawsuit against DoorDash; Denny's closes more US restaurants; Mixue eyes $500m Hong Kong IPO
Here is a summary of the most interesting QSR news stories of the week globally.
Americana Restaurants’ net profit drops by almost 39% YoY in 2024
This was attributed to lower adjusted EBITDA, higher depreciation from new stores, and UAE corporate tax implementation.
Oakberry partners with BWT Alpine Formula One Team
The brand will add a special Açaí bar to Alpine’s motorhome at the European Grand Prix.
QSR leaders share game-changing strategies at Asia's biggest QSR conference
The event will be on 3 April 2025.
Social Media Wrap: Marrybrown's new restaurant launch; Tealive Philippines holds giveaway; Pizza Hut Singapore unveils heart-shape Valentine's pizza
Find out what QSRs have been up to on social media this week.
