Expansion
Jollibee to open stores in Scotland, Kuala Lumpur
Jollibee to open stores in Scotland, Kuala Lumpur
The company continues its international expansion after initially being derailed by lockdowns.
Marugame Udon operator eyeing 4,000 outlets by 2027
80% of the envisioned outlets will be operated under franchise agreements.
Tim Hortons China operator bets on compact “Go” format with METRO partnership
The first seven stores operating under the new agreement recently opened in four cities.
Weekly Global News Wrap: MOD Pizza plans to go public; Papa John’s to boost presence in Africa; FAT Brands to acquire another chicken concept
Here is a summary of the most interesting news stories of the week from around the world.
Jollibee ramps up expansion of three brands across China
The company described the country as one of their "four pillar markets".
Subway APAC president: regional growth can match U.S. foothold
In his first-ever interview with QSR Media, Eric Foo details the chain’s expansion targets and stressed their ongoing investment in digital engagement.
McDonald’s Malaysia to open 200 more outlets within five years
It is in the process of hiring 10,000 workers as part of the expansion plan.
SaladStop Group eyes four new markets in 2025 after securing US$8.8m investment
The round, which was oversubscribed, was led by Temasek.
Haidilao eyes US$301m share sale for credit facilities repayment
It previously announced it will be shutting down or suspending the operations of around 300 restaurants.
Rebel Foods takes minority stake in Indian dumpling chain Zomoz
The partnership will help Zomoz scale to more than 300 retail and cloud outlets pan India over the next 30 months.
Haidilao to close or suspend around 300 restaurants by end-2021
Affected employees would be redeployed within the group.
Long John Silver’s to open 54 restaurants in Indonesia
The American seafood chain has 21 locations in Singapore.
Weekly Global News Wrap: Chipotle’s climate pledge; Fat Brands to acquire U.S. Italian chain Fazoli's, Wingstop to increase menu prices amidst rising costs
Here is a summary of the most interesting news stories of the week from around the world.
U.S.-headquartered Wayback Burgers inks master franchise deal to enter Asia
It will initially establish a presence in Japan.
Subway inks largest master franchise deal with Everstone Group to expand presence in India
The agreement will see more than 2,000 new restaurants to open across India, Sri Lanka and Bangladesh in the next 10 years.
Black Sheep Coffee gets backing from NBA’s Kristaps Porzingis, eyes rapid UK growth
The chain’s rollout of outlets will see them reach nearly 100 UK sites by the end of summer 2022.
Foodpanda, Rebel Foods ink five-year virtual brands partnership
The partnership sees both companies aiming to launch more than 10 virtual brands in over 2,000 outlets across the region.
