China
Shake Shack ramps up China expansion, eyes ten more locations by 2031
There are currently 16 Shacks open in the market.
Shake Shack ramps up China expansion, eyes ten more locations by 2031
There are currently 16 Shacks open in the market.
Arabica reaches 90 stores with new U.S., China locations
A majority of its locations are franchise operations.
Yum China commits to science-based emissions reduction targets
It plans to define a target and roadmap to reduce GHG emissions along its value chain within 24 months.
Yum China's profit tops pre-COVID levels
The company added 315 new stores in the first three months of the year.
Starbucks same-store sales in China surges by 91% in Q2
Transactions soared by 93%.
Luckin Coffee secures US$250 million in funds, replaces auditor
The funds will be used in part to fulfill its obligations under a settlement with the U.S. Securities and Exchange Commission.
McDonald's China adds first plant-based meat options
It is currently rolled out across outlets in Shanghai, Guangzhou, and Shenzhen.
Yum China acquires 5% equity interest in chicken producer Sunner
The company has long been Sunner's largest customer.
Arabica opens first cafe in Shenyang, China
This is the chain’s 82nd store overall.
Tim Hortons China eyes 200 additional stores after fresh investment
Since entering China two years ago, Tim Hortons has opened more than 150 shops in 10 cities.
Luckin Coffee files for bankruptcy in the U.S.
It asked a federal judge to allow it to restructure its finances through a court case filed in the Cayman Islands, where the company is incorporated.
KFC, Pizza Hut sales in China down 4% in 2020
Yum China said performance was impacted by regional resurgences of COVID-19.
McDonald's to invest US$380m in Chinese coffee market, eyes 4,000 McCafé outlets by 2023
It currently operates more than 3,600 restaurants across the country.
McDonald's China to spend US$14.7m in talent training programme
The fast food giant has partnered with over 40 schools so far.
Luckin Coffee, associated firms fined nearly US$9 million over accounting fraud
The chain was also found to have engaged in anti-competitive practices.
Burger King China franchisee exploring sale: report
Deliberations are at the early stage.
Starbucks China opens store made of shipping containers
The coffee giant has introduced the container outlet model in the U.S. and Taiwan.
