Aiko TanakaFood
Jollibee Shifts International Spinoff Listing to Hong Kong
JFCI will house all restaurant assets outside the Philippines, leaving the parent firm focused exclusively on its domestic business.
Tag
restaurants
Every story tagged restaurants on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged restaurants
47 stories in this topic
Sarah ChenFood
Burger King Korea Opens Seoul Flagship Store as It Chases 1.1 Trillion Won in Sales
Local operator BKR will launch a reservation-only concept in Seongsu on September 10 while targeting an expansion past 600 outlets nationwide.
Rajiv MenonFood
Domino’s China Operator DPC Dash Adds 235 Stores as Revenue Hits RMB3.13 Billion
Net profit at the pizza franchisee rose 22.9 per cent to RMB81 million during the first half of the year as lower-tier city outlets drove transaction volumes.
Minjun ParkFood
Chinese Restaurant Chains Target US Market as Domestic Growth Slows
Mainland restaurant operators are expanding across the United States, wagering that American diners are ready for traditional regional Chinese cuisine.
Maria SantosFood
Domino’s Cuts Discounts to Lift FY26 EBIT to $200.1 Million as Asian Earnings Jump
Domino’s Pizza Enterprises posted a 19.7 per cent operating profit surge in Asia after shuttering unprofitable stores in Japan, choosing franchisee margins over raw sales volume.
Minjun ParkFood
Chick-fil-A Opens Second Singapore Store Under US$75 Million Asia Push
Veteran food and beverage operator Deborah Ku took the helm at Millenia Walk after beating out 900 candidates during an 11-round screening process.
Rajiv MenonFood
Hong Kong Study Links Frequent Fast Food Intake to Depression Risk in Young Adults
A study of 142 young adults aged 18 to 27 identifies beef burgers, fries, fried chicken and bubble tea as key drivers of elevated anxiety and depressive symptoms.
Rajiv MenonFood
Yum China Opens 300Th Pizza Hut Burger Bar as Fast-Food Demand Grows
The side-by-side restaurant format generated fast traction across China, with burger sales projected to surpass RMB1 billion this year.
Maria SantosFood
McDonald’s Malaysia Unveils $254M Expansion: 100 New Restaurants, Digital Boost, and 10,000 Jobs on the Horizon
McDonald’s Malaysia has announced an aggressive expansion plan that involves an investment of RM1 billion (approximately $254 million) over the next five years. The investment will be used to open 100 new outlets, revamp existing restaurants, and enhance the…
Wei ZhangFood
Dairy Queen’s Exciting Expansion: 187 New Restaurants to Debut in Asia and Middle East
Dairy Queen, a renowned international fast-food chain, is accelerating its global growth strategy with ambitious plans to establish 187 new outlets across Asia and the Middle East. This move signals one of the company’s most aggressive international growth…
Aiko TanakaFood
Yum Restaurants India to sell stake in local Yum Brands franchisee
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…
Maria SantosFood
Food, beverage businesses remain open through Tet
Food and beverage establishments are working through Tet or abbreviating their holidays to make up for a year of poor business due to the Covid-19 pandemic. Crab restaurant chain Vua Cua is delivering through the holidays, and some of its outlets closed for…
Sarah ChenStartups
Uber Eats leaving Hong Kong at the end of 2021
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…
Sarah ChenFood
HCMC restaurants, coffee chains struggle to reopen
Immediately after HCMC lifted its lockdown this month, beverage chain The Coffee House introduced Fresh Bottle, a new glass bottle designed for easy delivery of its best-selling drinks. This and other delivery-friendly products such as instant coffee and…
Rajiv MenonFood
Lotte Vietnam denies reports it will close Lotteria fast-food chain
Lotteria Vietnam has said that it will continue its business expansion in Vietnam amid Korean media reports of its closedown over a net loss of nearly US$9 million. The company, which is operated by Lotte GRS under South Korea’s Lotte Group, dismissed a media…
Rajiv MenonGeneral
Japan’s malls and restaurants brace for Olympics without foreigners
Shopping malls and restaurants in Japan will miss out on a business boom, as Tokyo expects to hold the Olympics without overseas spectators, dealing another blow to industries already on the ropes from the coronavirus. In the years leading up to the Games,…