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UK’s Costa Coffee says sales in China have underpinned solid growth in its Asian operations. Costa has 459 stores in China, where sales rose 4.9 per cent in the first half year as Chinese continue to boost their coffee consumption. The company plans to open a…
And in the simultaneous divestment process for the 20-year McDonald’s China franchise rights, TPG Capital has reportedly withdrawn leaving two rival private equity firms in the race – Bain Capital and Carlyle Group – competing with two Chinese companies…
McDonald’s Corporation says it is struggling to attract the calibre of bidders it envisioned when it put its China and Hong Kong franchise up for tender. The restaurant group is offering a 20-year master franchisees for its markets in China, Hong Kong and…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as…
Private equity investor Warburg Pincus is making a bid of up to $400 million for the giant MedPlus India pharmacy chain. Nine year old MedPlus currently operates a network of 1200 retail stores in 12 states of India. Promoter Madhukar Gangadi, who together…
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