News
How consumer trends and tech are shaping Singapore’s foodservice
How consumer trends and tech are shaping Singapore’s foodservice
F&B business closures rose by 19.7% in the last nine months.
Deliveroo HK, GO partner for exclusive takeaway, pick-up services
It features over 17 restaurants under the Black Sheep Restaurants umbrella.
Weekly Global Wrap: McDonald's invest US$100m; Chipotle sued over portion size; Starbucks unveils Wicked merch
Here is a summary of the most interesting QSR news stories of the week globally.
Tim Hortons China’s net loss narrows to US$12.5m in Q3 2024
Adjusted corporate EBITDA was a gain of US$300,000.
Bread Ahead expands to the Philippines with SFRI partnership
SFRI plans to open 15 bakery locations and a bakery school.
Scuzo Ice ‘O’ Magic debuts in Surat
This opening marks the brand’s 53rd outlet in India.
Jollibee Group reports net income increase of 15.3% in Q3 2024
The group attributed the growth this quarter to its acquisition of Compose Coffee.
Shakey’s Pizza Asia posts flat revenue amidst expansion and sales building investments
However, the group expects sales boosts during the holidays to boost their net income to double digits by year-end.
Delivery Hero announces 15% stake via IPO of Talabat on Dubai Financial Market
The list of all shares is expected on the DFM in mid-December of this year.
HEYTEA partners with international artist Yayoi Kusama to launch 7 new products
The brand is also sponsoring Kusama’s special art installation.
Social Media Wrap: Dunkin' Philippines unveils artisan doughnut range; Domino's SG launches Crispy Fries; A&W Indonesia showcases the new Golden Aroma Chicken
Find out what QSRs have been up to on social media this week.
Weekly Global Wrap: Applebee's and IHOP launches co-branded restaurant; LOTTERIA's unmanned restaurant goes viral; Shake Shack Philippines Christmas burger
Here is a summary of the most interesting QSR news stories of the week globally.
Pizza Hut SG unveils new Hawaiian Paradise and Carbonara Cheesy Pockets Pizzas
It will be available until 5 January 2025.
Doner Shack signs 150-store deal in India
This marks its largest market deal to date.
Jollibee Group acquires full ownership of Tim Ho Wan
They have acquired it for the amount of S$20.2m.
TGI Fridays Malaysia remains unaffected with TGI Fridays Inc. bankruptcy filing
TGI Fridays Franchisor, LLC, is not impacted by the restructuring in the US.
Restaurant Brands International net income records at US$252m in Q3 2024
The group’s total revenue increased to US$2.3b in Q3 2024.
