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Yum Restaurants India is reported to have sold its 4.4 per cent share in Devyani International for US$105 million. Devyani International, from which Yum Restaurant acquired the stake in 2021, is the main franchisee of Yum Brands in China, operating KFC, Pizza…
Gordon Ramsay Restaurants, owned by the namesake world-renowned chef, is expected to open 14 locations in Thailand as part of its expansion in Asia. The first two restaurants will open at Emsphere Mall in Bangkok in December through a partnership with…
Japan’s Marubeni plans to open hundreds of Tim Hortons coffee shop franchises in three Southeast Asian countries, a move the trading conglomerate hopes will make around $300 million in sales by 2033. Tim Hortons, headquartered in Canada, currently has over…
French luxury fashion Maison Louis Vuitton has opened its first restaurant concept in China dubbed ‘The Hall’ adjacent to Louis Vuitton flagship at Chengdu’s Sino-Ocean Taikoo Li shopping complex. The Hall, previously home to a Louis Vuitton pop-up store, is…
McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether.…
Food delivery giant Uber Eats revealed on Tuesday it would wind down its Hong Kong operations by year’s end after seeing slower-than-expected growth. “Uber Eats has unfortunately not grown as expected in Hong Kong,” the company said in response to a Post…
HCMC restaurants and coffee shops are resuming on-site dining with caution due to concerns of staff contracting Covid-19 and post-social-distancing tightened spending. Starting Thursday, over 20 outlets of bubble tea chain Gong Cha started resuming on-site…
Hong Kong noodle chain TamJai SamGor Mixian is expanding its presence in its home market with a flagship concept launch in the nightlife hub of Lan Kwai Fong this week. The TamJai SamGor store will also unveil the brand’s new international image, featuring…
PepsiCo in the US has launched a digital kitchen called Pep’s Place to encourage consumers to experiment with matching foods with various Pepsi beverages. From this week, consumers can visit a dedicated website to select from eight Pepsi drinks and match them…
Multi-Michelin starred chef Gordon Ramsay is to open Malaysia’s first Bar & Grill concept in Kuala Lumpur this year. Located at Sunway Resort in Selangor, Bar & Grill will feature a varied all-day menu, including Gordon Ramsay’s signature dishes such as Beef…
Convenience store chain 7-Eleven in Taiwan has partnered with a restaurant and a hotel to offer fresh-cooked meals to consumers. The service, launching this week at the Dongxing Road outlet in Taipei, will retail assorted boxed meals targeting office workers…
Vietnam’s three most popular fried chicken restaurant chains earned combined revenues of VND4.3 trillion ($185.5 million) last year, up more than 11 percent year-on-year. South Korean brand Lotteria recorded the highest revenues at VND1.68 trillion ($72.5…
South Korean restaurant chains are accusing the government of using “discriminatory countermeasures” in the fight against the coronavirus pandemic. Recent edicts to prevent the spread of the latest outbreak in the country have seen the closure of buffet and…
Yum China – the operator of KFC, Pizza Hut, Taco Bell, and local restaurant chains – is reportedly preparing to list on the Hong Kong stock exchange as early as next month. The IPO, should it proceed, is likely to raise as much as US$2 billion, according to…
Health and beauty retailer AS Watson has opened up its Moneyback loyalty program to help retailers in Hong Kong promote their businesses for free in preparation for an easing in the coronavirus pandemic. “The pandemic has hit every community hard in many…
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…
