News

Jollibee Foods Corporation's net income dips 14.4% in 2019

The fast food giant recorded a system-wide sales growth of 14.9% to P243.8 bn (US$4.8 bn).

Jollibee Foods Corporation's net income dips 14.4% in 2019

The fast food giant recorded a system-wide sales growth of 14.9% to P243.8 bn (US$4.8 bn).

Foodpanda's expanded delivery services now in Hong Kong

Meanwhile, its Singapore business launched a whole-day groceries delivery service.

Six in 10 Singaporean restaurateurs unprepared with COVID-19 outbreak

57% were expecting to experience more than a half of revenue loss over the next three months.

Tealive owner eyes IPO this year

The company might be valued at about RM 1 billion (US$242 million).

Chaayos owner raises US$21.5 million investment

The company eyes to bring its total store count to 300 across India.

First Applebee's in India scheduled to open in late 2020

Additional openings are planned over the next seven years.

KFC Malaysia debuts new Zinger Stacker

The chain’s Zinger Cheezilla is also making a return.

Luckin Coffee slams anonymous report on alleged fraud

The China-based coffee chain said it is taking “appropriate” actions on the matter.

OUE acquires majority stake in Indonesia-based coffee chain operator

Maxx Coffee will become an indirect subsidiary of the group.

Yum China's same-store CNY sales down almost half amidst Wuhan virus outbreak

The restaurant operator has also introduced contactless delivery services amidst slumping dine-in traffic.

Kura Sushi opens revolving sushi bar concept in the US

It’s the Japanese chain’s 25th restaurant in the country.