Legal
Citic sells 19.23% McDonald's China, HK stake for $430.3m
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%.
Cooks Coffee Company reports 23.1% sales surge
The group currently has 83 sites.
Here's how ZUS Coffee plans to spend its $57.7m raise
The fresh funds will be used to reignite international expansion.
TRG eyes more sites for Wagamama
The group’s long-term plan is to reach 220 restaurants in the UK.
Pizza Hut Europe reports $10.8m after tax profit for 2023
This comes after reporting a $126.7m loss the year before.
TGI Fridays UK operator drops US parent buyout plan
Hostmore expects to delist following the sale of its corporate restaurants.
Domino's Australia releases statement on shareholder class action
Read the full statement here.
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