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ThaiBev, owned by Charoen Sirivadhanabhakdi, is reportedly contemplating the sale of its KFC franchise business in Thailand – the largest of its kind in the country. The fast-food chain’s operations are overseen by The QSR of Asia. This takeover was initiated…
TheVenti, a leading coffee chain from South Korea, has recently announced its introduction to the Philippine market in partnership with JJR Brothers, a local distributor of food and beverages. Known for its large 20-ounce servings, TheVenti was established in…
Marks & Spencer (M&S), the iconic British retailer, has recently announced a continuation of its operations in the Philippines. This is possible due to a fresh franchise agreement with PT Mitra Adiperkasa Tbk (MAP), an Indonesian retail giant. MAP has had a…
Jollibee, a leading Philippine fast-food company, is stepping up its franchising efforts in Vietnam, aiming to expand its presence in one of Southeast Asia’s most fiercely contested quick-service restaurant (QSR) markets. The move follows the brand’s…
Subway, an international quick-service food brand, has recently reached an agreement with Yellowstone Investment to be its primary franchise partner in Taiwan. Their strategic plan is to drive the growth of the brand across the island over the next ten years.…
British retailer Marks & Spencer (M&S) has reassured its commitment to the Philippine market, despite the termination of its long-standing franchise agreement with SSI Group. This comes in response to speculations that the retailer was planning to withdraw…
The franchise industry in South Korea is preparing for potentially significant legal and financial repercussions following a recent Supreme Court of Korea mandate. The court has ordered Pizza Hut Korea to reimburse billions of won in illicitly charged fees to…
Yum China, operating franchises such as KFC, Pizza Hut, and additional dining brands, has disclosed a stable growth in its third-quarter financial results, citing robust digital and delivery sales as primary contributing factors. These assets served to…
Popeyes, the renowned American fast food brand, has initiated its franchise program in the Philippines. This move comes in the wake of the country’s stellar performance, making it the leading global market for Popeyes in terms of transactions, as reported by…
Subway has inked a new master franchise agreement with Pegacorn to open 500 new locations across Peninsular Malaysia over the next 10 years. This triples the number of Subway restaurants in the market and steadily increases the annual restaurant count.…
The sandwich chain is aggressively doubling its current network of restaurants in the region to over 6,000 in the next five years. Subway has signed a new master franchise agreement with the existing multi-unit franchisee About Passion Co. Ltd. to…
Despite the Covid-19 pandemic, more and more low-price cafés are franchising and doing well. At 9.00 every day a Napoli café franchisee on Dong Nai Road, District 10, HCMC is crowded. Its owner, Hoang, says: “We directly serve hundreds of customers a day. The…
The bank aims to double its wealth fee income by 2026, which translates to a compound annual growth rate of over 15 percent over the next five years. UOB is hoping get more of its customers to kickstart their investment journey by expanding its digital wealth…
Lotteria Vietnam has said that it will continue its business expansion in Vietnam amid Korean media reports of its closedown over a net loss of nearly US$9 million. The company, which is operated by Lotte GRS under South Korea’s Lotte Group, dismissed a media…
US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month. “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu,…
Japanese department-store chain Tokyu is to exit Thailand, the third Japanese retailer to withdraw from the country this year. Tokyu aims to close its last store at Bangkok’s MBK shopping center next January, ending 35 years of trading in the city. The…
