Topic
129 stories in this topic
Chinese KFC restaurants have begun serving parts of chickens not used before in response to rising costs. According to Yum China CEO Joey Wat, the KFC brand introduced new chicken cuts in the first quarter from “a part of the chicken that we somehow have not…
KFC Singapore has launched its first Southeast Asian open-kitchen restaurant at Tampines Mall, revealing how its chicken is prepared. The fast-food giant’s Open Kitchen program, also called ‘The Tank’, has already been rolled out in the UK, Ireland, Australia…
Restaurant Brands has announced Mexican investor Finaccess Capital SA de CV now has a controlling stake in the company after acquiring three quarters of the company’s shares. The deal closed on March 26 following Finaccess’ offer through its subsidiary,…
Once upon a time, the future seemed a long way off. Remember Tom Cruise in 2002’s Minority Report? And the famous shopping centre scene? Director Steven Spielberg recruited a panel of futurists to predict a far-off tomorrow that included responsive,…
Investment firm Finaccess’ takeover bid for quick-service group Restaurant Brands has been declared unconditional, with the firm accumulating 61.73 per cent of shares in the business. While the firm’s offer specifies it is seeking 75 per cent of shares in the…
Restaurant Brands is planning to expand the number of KFC restaurants it operates across Australia and New Zealand off the back of strong sales over the 12 months to February 2019, which contributed to the group’s overall 7.2 per cent increase in full-year…
KFC China has held a promotion honouring Communist Lei Feng. The “Lei Feng Spirit” promotion was first launched in the legendary young soldier’s home province of Hunan on the national holiday dedicated to his memory. The figure of Lei Feng has been considered…
Kedai Ayamas eatery operator Kara Holdings is looking to establish 100 outlets within four years through its new franchising program, predominantly within peninsular Malaysia. The move into franchising should elevate the company’s finances by 10 per cent this…
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle. In year-end results released overnight, Yum China said fourth-quarter system sales rose 6 per cent in constant currency, but…
Pizza Hut Malaysia will open its 400th store in within the next three months. The company says it plans 15 new stores this calendar year, part of the 67 it announced last year within three years. Parent QSR Brands operates 810 KFC locations in its territory…
Pizza Hut International on Tuesday announced that Unnat Varma, Managing Director, Pizza Hut India Subcontinent has been elevated to the position of Managing Director, Pizza Hut Asia Pacific effective 1 January 2019. In his new role, he will be responsible for…
Fast-food restaurant chain KFC Thailand is on track to achieve double digit year-end sales growth since transforming itself into a 100-per-cent franchised model, exceeding business expectations.The largest restaurant chain in Thailand is also set to…
Yoma Strategic and the parent company of pretzel franchise Auntie Anne’s – Focus Brands – are to bring the popular hand-rolled soft pretzel store to Myanmar. Myanmar’s first Auntie Anne’s outlet is scheduled to open in Yangon in the coming months with a more…
KFC Myanmar plans to expand into new territories as locals embrace the fast-food concept. Two recent openings in Monywa and Pyay have brought the number of KFC outlets in Myanmar to 26 across six regions, only eight of which are outside Yangon. The local…
Malaysia’s largest fast-food operator QSR Brands is partnering with Foodpanda Malaysia to deliver its Pizza Hut and KFC orders, according to a Deal Street Asia report. The move is expected to increase food revenue for the firm by 15–20 per cent, and allow…
Yum China sales rose 12 per cent in the quarter to June 30, boosted by more stores and currency gains. But same-store sales declined across both of its brands and margins contracted. The company reported total sales of US$2.1 billion which on a…
