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Jollibee Group acquires full ownership of Tim Ho Wan
Jollibee Group acquires full ownership of Tim Ho Wan
They have acquired it for the amount of S$20.2m.
Domino’s sees positive momentum in Q4 with total orders up by 5.8%
Total system sales were up by 3% to £374.8m.
Restaurant Brands International net income records at US$252m in Q3 2024
The group’s total revenue increased to US$2.3b in Q3 2024.
Yum China reports sales boost driven by new restaurant growth
Total system sales grew 4% year-on-year.
Chinese coffee giant Luckin Coffee eyes US entry
The brand reported an operating income of $222.1m in Q3.
Yum China to consider quarterly dividend for November
The declaration will be adopted on or around 4 November if the board decides to proceed.
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Pho Restaurant responds to ‘Pho’ trademark issue
The statement was posted in their social media accounts.
Domino's Pizza allocates 7.66% shares in China business to institutional investors
This will be done through off-market block trades.
McDonald’s UK records a net profit of £35m in 2023
The company’s turnover sales also increased by 14.9% to £1.8b.
Papa John’s UK net loss surges to £18.5m in 2023
Its operating loss also increased to £8.6m.
GYG posts Q1 FY2025 update
See below for the full financial update.
TGI Fridays confirms rescue deal but shutters 35 restaurants
The closures resulted in 1,012 redundancies.
Chanson International Holding net income slips 14.4% in H1
The drop in revenue was attributed to lower sales in China and the US
Tortilla posts half-year results
However, the brand said it is seeing improving profit conversion from this strategy.
LEON’s net loss decrease by 15.8% in 2023
The company also recorded a gross profit of £41.9m.
Franchising drives a third of Pret A Manger’s global sales in H1 2024
H1 2024 system sales across company-owned and franchise shops increased by 10%.
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As ordering moves to apps and kiosks, brands risk losing their identity.
