News
Marugame Udon operator eyeing 4,000 outlets by 2027
80% of the envisioned outlets will be operated under franchise agreements.
Marugame Udon operator eyeing 4,000 outlets by 2027
80% of the envisioned outlets will be operated under franchise agreements.
Weekly Global News Wrap: JAB makes long-term bet on Krispy Kreme’s growth; Burger King eyes faster drive-thrus with simpler menus; 7-Eleven tries autonomous delivery
Here is a summary of the most interesting news stories of the week from around the world.
Social Media Wrap Up: Marrybrown’s 40th anniversary bowls; More chains unveil festive items; Max’s chocolate rice pudding
Find out what QSRs have been up to on social media this week.
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.
Starbucks opens first Greener Store in Japan
Located in the grounds of Tokyo’s Imperial Palace, the Wadakura Fountain Park store is designed to reduce its carbon, water, and waste footprint.
Uber Eats to wind down Hong Kong operations after five years
It will remain in the market, saying they are “more committed than ever” to growing their mobility platform.
Deliveroo Singapore to onboard over 50 hawker centres under Mix & Match concept by end-2022
The partnership will first pilot with 15 centres from 13 December 2021.
McDonald’s Philippines opens second sustainable restaurant
The chain said this is their first store in the country to adopt a modular system of construction.
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.
Japan restaurant sales flat in October
Sales for fast food chains rose 5.4% last month due to demand for takeaway and delivery services.
Jollibee ramps up expansion of three brands across China
The company described the country as one of their "four pillar markets".
Social Media Wrap Up: Subway Hong Kong’s ‘vegetarian’ chicken sub; Fruitas launches sorbet range; 4Fingers’ chocolate sandwich
Find out what QSRs have been up to on social media this week.
Weekly Global News Wrap: Burger King parent gobbles Firehouse Subs; Sweetgreen raises US$364m in IPO; Inside Starbucks, Amazon Go’s new concept store
Here is a summary of the most interesting news stories of the week from around the world.
Kimly not expecting to appoint new executive directors
Lim Hee Liat and Chia Cher Khiang stepped down from their roles in the company after they were charged under Singapore’s Securities and Futures Act.
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.
Jollibee, Yum China, RBI considering bids for Chinese restaurant chain Wagas: report
The owners of the Wagas business are seeking a valuation of US$800 million to US$1 billion or more.
