China

Net income increased 26% to US$990 million.

The coffee giant’s global CEO acknowledged the impact of soaring inflation, higher worker costs and the impact of the Omicron variant on the business.

More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.

The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.

The franchisee development agreement is the biggest in the pizza chain’s history.

The first seven stores operating under the new agreement recently opened in four cities.

The company described the country as one of their "four pillar markets".

The owners of the Wagas business are seeking a valuation of US$800 million to US$1 billion or more.

Affected employees would be redeployed within the group.

A potential listing by Dash Brands Ltd. could raise about US$100 million.