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Private equity firm Everstone Capital may withdraw from its involvement in Sari Burger Indonesia (SBI), the country’s master franchise owner of Burger King. A DealStreetAsia report revealed the firm has been speaking with banks and advisers over the course of…
Filipino fast-food chain Jollibee is set to open its second UK restaurant, in Liverpool. Bee World UK, part of the Jollibee Foods Corporation, has already submitted a plan to transform a Lush store on Whitechapel into its flagship restaurant in the northwest…
The Burger King Asia-Pacific network has reached a milestone, the 3000th restaurant which just opened in Shanghai. The new restaurant in China is a joint venture owned by Burger King, TFI TAB Food Investments and Cartesian Capital. “We have served the…
Restaurant Brands total group sales grew 2.7 percent over during the first half of FY20, though net profit fell 2 per cent due to the adoption of a new leasing standard. Total group sales, which include KFC, Pizza Hut and Carl’s Jr. in New Zealand, as well as…
Fast-food franchise owner Fat Brands has developed five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with local operator Crescent Star Foods, the co-branded restaurants will increase the brand’s presence in Pakistan to six…
Jollibee Canada is continuing its expansion, opening its first store in Alberta this Friday, (August 16) at Edmonton. The store will be the Philippine-founded fast-food group’s fifth store in Canada, as it sets out to build a network of 100 outlets there…
Burger Fuel said its stores in New Zealand have been performing well, posting a 2.6 per cent increase in sales on the previous year. Burger Fuel, which has 56 restaurants in New Zealand, said sales have increased from last year but growth was less than what…
American burger chain Five Guys is set to open in Singapore within six months. Local franchisee Zouk Group says the first outlet will open somewhere “central”. “There will definitely be more than one outlet here, depending on how many the market can sustain,”…
KFC Australia enjoyed a 6 per cent increase in same-store sales in its first quarter of FY19 and a 1.9 per cent increase in total sales, despite the temporary closure of several stores for refurbishments. KFC saw $37.3 million (NZ$39.7m) in same-store sales…
In-N-Out Burger, a popular American hamburger franchise, opened a pop-up store on Wednesday in Gangnam, Seoul, drawing hundreds of visitors. People began lining up at the store from 6am to try out what can otherwise be tasted only in America. The 250 burgers…
Burger & Lobster Singapore will open its first outlet, at Jewel Changi tomorrow. The 81-seat Jewel Changi store is the 16th Burger & Lobster’s outlet internationally. Others are in locations including New York, Bangkok, Dubai, Genting Highlands in Malaysia,…
Taco Bell India plans to expand to more than 600 stores before sub-licensing to local operators. The US-headquartered QSR chain has appointed its existing local partner since 2015 Burman Hospitality, as master franchise holder for the country. Following nine…
The new QSR restaurant has opened at Bonifacio Global City (BGC) as the brand’s 225th location, although only its second in Southeast Asia after Singapore. “It is known for quality and consistency in taste,” said the president of the exclusive franchise…
Restaurant Brands International, parent of the Burger King, Tim Hortons and Popeyes Louisiana Kitchen brands, is eyeing significant expansion in China despite current trade tensions. The firm is aiming to surpass 40,000 locations in the territory within 10…
McDonald’s Philippines is expanding, with new stores and branch upgrades unfolding this year along with menu additions. There are currently around 650 McDonald’s restaurants in the territory, 61 of which opened last year. “We’re continuing our aggressive…
International fast food chain McDonald’s has bought out its former partner Vikram Bakshi’s 50 percent stake in its Indian operations, ending a six-year dispute. The disagreement arose when McDonald’s India attempted to oust Bakshi as MD of local operator CPRL…
