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Starbucks has recently disclosed a drop in its global comparable store sales for its fiscal third quarter, which underscores the persisting challenges in its primary US market. This comes even as its China operations begin to show some promising signs of…
Chinese coffee chain Luckin Coffee is exploring potential expansion into the US, with a launch possibly as early as next year. During an earnings call, Luckin Chairman and CEO Guo Jinyi emphasised both the promise and challenges of overseas growth. “The…
Flash Coffee has launched its first two South Korea stores in Seoul’s Gangnam district as part of its expansion in Asia, with two more stores scheduled to open before the year ends. The launch marks the brand’s sixth market in the region, after Singapore,…
Coles is making its healthy breakfast options more accessible, transforming the chain’s cereals aisle by adding a larger range of healthy products. More than 50 new healthy cereals, muesli, and breakfasts on the go have been added, to meet surging demand for…
Local and tourist favorite sandwich maker Hung Rui Chen will be opening a flagship store in Hong Kong this August. Hung Rui Chen is a 73-year-old brand, known for its signature sandwiches and recognized as a national local delicacy for its soft bread and…
Deliveroo has offered support for its Hong Kong restaurant partners as many of them are suffering from falling dine-in sales due to the coronavirus crisis. The company will reduce its commission rate for restaurant partners by 5 percent for a month, starting…
A Singaporean shareholder in Vinamilk is seeking to increase its stake in Vietnam’s largest dairy firm. Jardine Cycle & Carriage Ltd has registered to buy 17.41 million shares between January 9 and February 7 through its wholly-owned local subsidiary,…
Boutique bakery franchise BreadTalk Malaysia has opened a new concept store in Kuala Lumpur’s Avenue K Shopping Mall. The new outlet is situated opposite the KLCC LRT station and is offering a promotional tote bag to early customers spending more than RM20.…
Hawaiian cafe brand Eggs ’n Things has introduced its breakfast-style menu to Singapore with an outlet at Plaza Singapura. As well egg dishes, the casual eatery offers pancakes, crepes and waffles. Singapore is the second stop for the brand, launched in…
In November, credit ratings agency Fitch warned that the breakfast-driven rebound the chain is experiencing won’t last forever. While that prediction still may prove correct someday, Fitch can’t claim victory just yet: McDonald’s reported better-than-expected…
McDonald’s Corp smashed analyst expectations for quarterly same-restaurant sales as the launch of all-day breakfasts proved a hit with diners in the United States and demand continued to recover in China. The performance adds fuel to McDonald’s revival, after…
