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Sandwiches made with light rye bread, a salad bar and desserts like gula melaka and coconut Swiss roll are among gourmet food options to be offered at McDonald’s Singapore’s new flagship restaurant at East Coast Park in Singapore, which will seat more than…
Chains outperform independent eateries in China restaurant rankings, new research shows. A survey by global consulting firm OC&C Strategy Consultants shows that Chinese consumers dine out on average two or three times a week, with Hai Di Lao, Pizza Hut and…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as…
McDonald’s China is set to be supersized as the US fast food giant pursues growth offshore. The company’s Chicago-based CEO Steve Easterbrook has revealed more than 1500 new stores will be opened across China, Hong Kong and Korea over the next five years.…
UAE-based halal fast-food chain franchisee Chicking Indonesia has signed a master franchise agreement to open 20 outlets, starting with Java and Sumatra. Competing with major international brands like Burger King, KFC and McDonald’s, Chicking serves fried…
McDonald’s Japan has recorded its first increase in customer numbers in nearly three years. Preliminary figures released internally by the company show footfall at stores which remained open for more than one year rose by more than 10 per cent Japan-wide.…
Yum! China has showed progress with a system wide sales increase of 3 per cent in the latest quarter – or 7 per cent on a constant currency basis. Same restaurant sales are now in positive growth, although by a fairly meagre 2 per cent given the 16 per cent…
Burger King Vietnam has refuted media claims the company is planning to exit the Southeast Asian nation. The US fast food chain entered Vietnam in 2012, initially opening in Ho Chi Minh City’s Tan Son Nhat international airport, before progressively moving…
McDonald’s China is shifting its focus from tier 1 and 2 markets to smaller cities as it expands its footprint in the mainland. The US fast food operator plans to open 250 new stores in the lower-tier cities in 2016 which represents its biggest expansion plan…
Turnaround efforts are paying dividends for McDonald’s. The fast food giant’s latest results show continued progress with global comparable sales up 5 per cent, while the US had a very strong quarter with comparable sales rising 5.7 per cent. This momentum is…
McDonald’s Corp smashed analyst expectations for quarterly same-restaurant sales as the launch of all-day breakfasts proved a hit with diners in the United States and demand continued to recover in China. The performance adds fuel to McDonald’s revival, after…
McDonald’s Japan has lost 29.2 billion yen in the first nine months of this year, roughly US$236.8 million. However, the beleaguered fast food business, which launched a Business Revitalisation Plan involving closing 131 stores in April, says it has arrested…
After a long running series of quarterly sales declines, McDonald’s says it global sales rose four per cent in the last three months. And McDonald’s China has played a key role in the recovery. President and CEO Steve Easterbrook said the company was…
Alibaba’s AliPay has received a major boost in its quest to become a generally accepted payment system in the mainland. McDonald’s China has announced it will accept Alipay in more than 2100 restaurants. The launch will commence in Shanghai this month and…
McDonald’s India says it plans to open a new restaurant every week for the next five years. That’s 250 restaurants by the end of 2015, more than double its current network of 231. McDonald’s India master franchisee is Westlife Enterprise, whose vice chairman…
Studio City and Taubman Asia, have revealed the lineup of fashion brands that will open inside The Boulevard at Studio City. A mix of fashion-forward labels and internationally-renowned luxury brands include Macau’s first Balmain, Macau’s first Belstaff, and…
