Topic
65 stories in this topic
The owner of KFC and Pizza Hut said sales plunged by 20% in the first two weeks of March as a surge of new Covid cases spread across China. Yum China said “the situation has rapidly deteriorated” as regional lockdowns have been put in place to stem the…
China’s biggest hot pot chain Haidilao is slowing its rollout of new restaurants and increasing diversification of its fare, tempering its rapid expansion during the coronavirus pandemic to cope with a subsequent slump in consumer spending. Haidilao, which…
The prices of imported king crabs and abalones have risen by 30-50 percent in HCMC due to limited supply caused by mobility restrictions. King crabs are sold at VND2.5-2.9 million ($109-126) per kilogram, 50 percent higher year-on-year. Australian and South…
A seafood export recovery has helped bigger firms boost profits while smaller ones have struggled with the spike in shipping rates. Seafood exports topped $4 billion in H1, a year-on-year increase of 15 percent, according to the General Department of Vietnam…
Best known for its Paris Baguette bakery franchise, SPC Group has opened four food brand stores in Singapore. The group is planning to make Singapore as its third axis of global growth after China and the United States. The group opened the new stores at…
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…
South Korean food-and-beverage company SPC Group says it will launch its bakery-cafe chain Paris Baguette into Canada next year. The Canadian operation of Paris Baguette will be set up by the first half of the year, with stores to be launched in the country’s…
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…
Covid-19 has changed Asian customers’ habits, especially in Hong Kong, as more of them decide to eat at home. And according to a study conducted by Nielsen, the trend will continue once the pandemic passes, potentially reshaping the foodservice and grocery…
