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Seafood processing company Vinh Hoan Corporation has bought a 51.29 percent stake in the Sa Giang Import-Export Corporation. It bought 3.56 million shares from the State Capital Investment Corporation (SCIC) at VND97,500 per share in a deal worth almost…
Despite uncertainties in the food industry due to the coronavirus pandemic, Jollibee Foods Corporation is increasing its stake in the ultimate holding entity of popular restaurant chain Tim Ho Wan. Through its subsidiary Jollibee Worldwide, it increased its…
Supportive measures for the Macau retail and restaurant trade resulted in a mild improvement in business during May, according to official data. According to a Statistics and Census Service report, 17 percent of restaurants surveyed in the special…
A slice of KFC Thailand is being considered for sale by franchise owner Restaurants Development in a deal that could net $200 million. Sourcing people with knowledge of the matter, the firm is taking advice on a potential sale of the operation – which…
Japanese restaurant operator Pepper Food Service is selling its profitable Pepper Lunch chain to J-Star investment fund for US$79 million. The sale is expected to provide a much-needed cash injection to the debt-ridden Pepper Food business in the hopes of…
American fast-casual restaurant chain Shake Shack is planning to open at least 15 new venues in South China by 2030. The chain, working through local licensee Maxim’s Caterers, a company controlled by Hong Kong’s Dairy Farm Group, will open restaurants in…
Chinese property-development company Country Garden has launched the world’s first robotic restaurant, in Guangdong. Built by Country Garden’s subsidiary Qianxi Group, the restaurant occupies a 2000sqm area, featuring sections including Chinese food, hot pot…
Singaporean food tech firm TiffinLabs is creating an international network of ghost kitchens based in more than 1000 locations across the US, Europe and Asia. The move is designed to take advantage of the rapid global transformation and growth of the online…
BeChef has launched a shared kitchen in Kyoto, with plans to host 300 eateries across Japan within the next three years. The first BeChef + Kyoto-branded shared kitchen occupies a 50sqm area which features three separate kitchens. There is available space 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…
Google in Singapore has launched a new menu discovery feature on its Google Pay app to make it easier for consumers to interact with local eateries and order food for delivery. Using the app, Singaporeans can browse menus, choose what they want, and contact…
With customers subjected to stay-at-home orders or lockdowns around the world, major brands are facing unprecedented challenges staying relevant and connected – especially fast-food retailers and theme parks. At the same time, the lockdowns have spurred an…
A Jollibee Singapore outlet is among several businesses fined SG$1000 for breaches of the government’s social distancing mandate. Official enforcement measures found the franchise’s Woodlands MRT branch had neglected to ensure queueing customers and food…
British celebrity chef and restaurateur Gordon Ramsay have quit Hong Kong, following the footsteps of compatriot Jamie Oliver last month. Three of his restaurants – Bread Street Kitchen & Bar, London House and Maze Grill – will shut today, April 1. These…
International fast-food chain McDonald’s logo has been altered in some global markets to emphasize the importance of social distancing during the coronavirus crisis. The popular restaurant chain is largely closed for dine-in business in certain hard-hit areas…
Yum! Brands has bought California-based The Habit Burger Grill, adding its first fast-casual burger chain to its portfolio which already includes KFC, Pizza Hut and Taco Bell The company says it has bought all of The Habit Burger Grill’s issued and…
