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McDonald’s has renewed its 20-year master franchise agreement in the Philippines, extending its partnership with Golden Arches Development Corporation (GADC) until 2045. Under the new agreement, the company retains exclusive rights to own, develop, operate…
The Philippines-headquartered restaurant group Jollibee Foods plans to have 10,000 eateries globally this year, with a focus on North America. The company, known for its fried chicken Jollibee chain, eyes to invest PHP18-21 billion (US$312-364 million) to…
Jollibee Foods Corporation (JFC) posted strong double-digit growth in 2024, with its coffee and tea brands playing a key role in driving revenue and profits. The company’s revenue rose 10.6 percent year-on-year (YoY) to US$4.7 billion, while EBITDA (earnings…
Impossible Foods has launched “Bloody Delicious,” a blind-tasting test to see if local foodies can tell the burger is made with plant-based Impossible alt-beef. According to the brand, the challenge comes after it sees Australians are rapidly turning away…
Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about US$158 million, giving it nearly total ownership of the business. The fast food chain operator said it would engage its advisors to…
F&B giant Jollibee Foods Corporation (JFC) has received approval from the Philippine Stock Exchange (PSE) to remove its 40 percent foreign ownership limit. The decision follows the company’s amendment request to its articles of incorporation, which also…
Domino’s Pizza China (DPC Dash) plans to open about 300 new locations this year after its store count reached 1000 late last year. The company opened its 1000th store in Chengdu in November. As of December 31, it raised its network to 1008 and became Domino’s…
Japanese restaurant chain Pepper Lunch plans to open its first store in Mongolia next year, as part of its global expansion strategy. The brand has signed a franchise deal with local distributor Bluemon Group, making Mongolia its 17th country. “We signed a…
Singapore McDonald’s has faced online criticism after announcing a new charge for extra sauce tubs, set to take effect on Jan. 2, 2025. Customers will be charged up to 70 S$cents (US$0.52) for additional sauces beyond the standard portion for certain menu…
Jollibee Foods Corporation has fully acquired Tim Ho Wan, taking over the remaining 8 percent of the Hong Kong restaurant business for SG$20.2 million (US$15.1 million). Since January this year, Jollibee has held a 92 percent stake at Titan Fund, the owner…
US pizza chain Little Caesars will open its first Cambodian restaurant on Koh Pich this November 10, marking the 29th market the company has entered and part of a planned expansion into Southeast Asia. Located on Koh Pich, the new restaurant will create local…
Japanese-style burger chain Niku Niku Oh! Kome – owned by Japanese restaurant chain operator Monogatari Corporation – has launched its first outlet in Hong Kong as part of its broader expansion across Asia. Located in Sha Tin, the restaurant has 40 bar seats…
American fast food chain McDonald’s is set to close one of its oldest stores in Ho Chi Minh City. The Ben Thanh location in District 1, which opened in 2014, would stop operations at 2 a.m. Thursday, the chain said in a Facebook post without revealing the…
Domino’s is now using Made With Plants‘ dairy-free and gluten-free mozzarella for its vegan pizzas across Australia. The pizza chain has been serving plant-based pizzas since 2019. Its vegan-friendly offerings include pizza variants Spicy Veg Supreme and…
Wendy’s Philippines and Conti’s Bakeshop, run by Filippino businessman Dennis Uy, have been sold to a local entrepreneur. Uy has decided to sell his Eight8Ate Holdings company, which operates the two chains, to Crystal Jacinto. The sale comes after the…
McDonald’s Japan has selected Thomas Ko as its next president, following the departure of former chairperson Sarah Casanova. Ko has previously held leadership positions in the company. He joined McDonald’s in 2010 as director of consumer strategy for the…
