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For many, March and April 2020 came with plummeting sales and a scramble to pivot operations. Domino’s was not a part of that crowd—not by a long shot. From April 20 to May 17 last year, same-store sales lifted 20.9 percent at U.S. franchises and 22 percent…
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…
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…
Quick Service Restaurant (QSR) has signed an 80-restaurant deal with US fast-food chain Texas Chicken. QSR is the third Texas Chicken Indonesia master franchisee to enter the market, following Quick Serve Indonesia which signed a development agreement earlier…
QSR Brands Holdings’ wholly owned subsidiary QSR Stores has signed a memorandum of understanding with Petronas Dagangan to gradually open 50 KFC Drive-Thru outlets at Petronas gas stations within the next three years. QSR Brands MD Mohamed Azahari Mohamed…
Malaysian fast-food group QSR Brands is mulling an IPO to raise around MR2 billion (US$509.6 million). QSR Brands operates the KFC and Pizza Hut restaurant franchises in Malaysia and is part owned by private equity firm CVC Capital Partners, which is looking…
Malaysian restaurant chain group PappaRich has opened its first Hong Kong outlet, marking a strategic move in its Asian expansion by leveraging the city’s status as a ‘food paradise’ in the region. The PappaRich restaurant at the L-Square in Causeway Bay…
