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The Nero Group posts £537m in sales for FY2024
Caffè Nero UK increased its sales by 10% to £333m.
Firehouse Subs addition positions RFG for long-term growth, analysts say
The group’s QSR brands remained challenging but saw early signs of stabilisation.
Luckin Coffee’s net revenue surges by 38% YoY in FY2024
Total number of stores increased by 37.5% YoY to 22,340.
Restaurant Brands International buys back Burger King China
The transaction price was approximately $158m in cash.
Retail Food Group reports $7.3m net profit in H1
Underlying revenue went up 24.7%
Philippine bourse lifts Jollibee’s foreign ownership limit
It was previously set at 40%.
Americana Restaurants’ net profit drops by almost 39% YoY in 2024
This was attributed to lower adjusted EBITDA, higher depreciation from new stores, and UAE corporate tax implementation.
Yum China’s net profit climbs by 10% YoY to $911m in 2024
Its net profit for Q4 2024 also increased by 18.6% to $115m.
Wendy's Australia issues statement after 'taking a a beat'
Read the full statement here.
Domino's Pizza Enterprises shutters 205 restaurants
The group said it is so they can 'sharpen market focus and improve profitability.'
Yum China sales increase by 5% YoY in 2024
The company increased its cash dividend to 50%.
Crêpeaffaire rescued out of administration after Crepe Trading sale
Quantuma negotiated the sale of seven of Crêpeaffaire’s nine-owned retail sites to Crepe Trading.
Chinese bubble tea brand operator Guming eyes $200m in HK IPO
The brand is selling 158.6 million shares.
The Nero Group reports 13.6% YoY sales growth
Caffè Nero reported sales of £185.4m, up by 11.4%.
M.A.K. Halal posts 17% like-for-like sales increase
The brand has also recently confirmed plans to expand through franchising.
Tortilla to see major board changes after Auctor's investment
This aims to strengthen its digital and operational capabilities.
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