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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…
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…
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…
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…
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…
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…
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…
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,…
Amid business blues courtesy of the Covid-19 pandemic, cloud kitchens are finding increasing favor from restaurants in Vietnam’s two major cities. Nguyen Van Tung saw revenue from the two restaurants he runs in Saigon plunge 70 percent after the Covid-19…
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…
Supermarket operator Carrefour China plans to open 100 restaurants at its existing stores. The first outlet of Carrefour restaurant chain Mr Fu has opened at its Gubei branch in Shanghai, followed by a second in Chongqing. “With more than 2000 products in a…
Thailand’s government has imposed an overnight curfew effective tonight that will force the closure of tens of thousands of convenience stores and street vendors. The curfew will run from 10pm to 4am. During that time all Thais and visitors to the country…
Chinese restaurant operator Tao Heung will shutter all 48 of its venues for more than a month following tightening restrictions on dining in Hong Kong. As the territory’s administration has now moved to limit the maximum number of diners per table to four –…
Hong Kong restaurant sales fell 14.3 percent in the December quarter, provisionally estimated at HKD26 billion (US$3.35 billion). Provisional figures released by The Hong Kong Census and Statistics Department, also estimated that the value of purchases by…
South Korean consumers are opting to avoid crowded places, causing restaurant bookings to plunge by as much as half as fears grow of the spreading coronavirus. “Lunar New Year, followed by graduation and enrollment ceremonies, should have been a chance to…
Philippines specialty store retailer SSI Group will play host to Chinese restaurant chain Crystal Jade in the territory. The firm has contracted with Crystal Jade Management to own and operate the brand in the Philippines as part of its expanding F&B…
