News

Old Chang Kee's earnings up 24.6% at SG$1.5m in Q3

In contrast, they tallied a smaller outlet count in Singapore at the end of 2018.

Starbucks remains 'most valuable' restaurant brand: study

The coffee giant, according to Brand Finance, is valued at US$39.3 billion.

A&W Malaysia eyes 60 locations by end of 2019

The brand recently hired Go Communications in a bid to rejuvenate the brand.

Deliveroo targets nearly 10,000 restaurants in bid for foodtech supremacy

The food delivery firm is beefing up its logistics network by adding 5,000 restaurant partners and 2,000 riders.

Kimly reports $5.3 million net profit for Q1

Its own brand of iced coffee and tea is slated to arrive by March.

Sakae Sushi parent company posts Q2 net loss of $545,000

This was attributed to streamlining of operations that resulted in a fall in revenue.

Singapore investment firm Yoma Strategic to buy 65% stake in Myanmar restaurant chain YKKO

YKKO is known for its “Kyay-OH” noodle dish, which contributes to the majority of the company’s sales.

Starbucks 'unlikely' to be overtaken in China by Luckin this year, CEO says

The coffee giant currently has over 3,600 stores in the country.

Weekly Global News Wrap: Chick-fil-A tops U.S. customer service survey; QSRs reveal positive full-year results; McDonald's eyes more sites in Russia

Here is a summary of the most interesting QSR news stories of the week from around the world. Chick-fil-A tops yet another survey on customer service in the U.S., this time by weekly magazine Newsweek and Statista. The two companies say they used information from categories like customer focus, quality communication, accessibility, and technical competence. See the results here. 

Japanese, BBQ and Hotpot QSR concepts to counter slipping visitor traffic in Vietnam: study

DecisionLab's latest findings reveal that consumers are now shifting to other Asian-centric offerings.

Jubilant Enpro withdraws Jubilant Foodworks' charge on corporate brand royalty payment

The announcement came hours after the fast food operator approved of the said payment.

Burger and Lobster set to open in Singapore

This will be the London-based restaurant chain’s fifth Asian market following UAE, Thailand, Malaysia and Kuwait.

Luckin Coffee reportedly preparing for U.S. IPO

They are aiming to collect around US$300 million.