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Bubble tea chain Mixue targets $444m in Hong Kong IPO
Bubble tea chain Mixue targets $444m in Hong Kong IPO
The IPO is priced at HK$202.50 per share.
Redcat partners with Armitage to bolster long-term growth
It aims to support Redcat’s ongoing investment in its team and technology.
Doner Shack debuts pop-up booth in Qatar
It will be operating until 22 February.
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.
Oakberry unveils new Choc Hazelnut spread topping
The new topping can be added to any acai bowl.
Domino’s Group CFO retires
Richard Coney bows out after 30 years of service.
Restaurant Brands International buys back Burger King China
The transaction price was approximately $158m in cash.
The Coffee Bean & Tea Leaf expands in India with new Delhi store
The brand aims to open 250 stores nationwide over the next five years.
Subway trials jacket potatoes Spudway
The Spudway will only be until 15 April in over 170 UK restaurants.
Retail Food Group reports $7.3m net profit in H1
Underlying revenue went up 24.7%
Analyst warns £3.4b additional business cost in hospitality sector
Industry leaders have warned of the need for operators to raise prices by 6% to 8%.
Hospitality insolvencies drop by 31% MoM in December
Insolvencies in the sector also dropped by 7% YoY to 3,464.
Costa Coffee to boost baristas' pay starting 1 April
Starting pay will increase to £12.60 from £12 per hour.
Gong cha taps Matthew McCormick as its new Global CFO
He joins from KFC UK & Ireland to help Gong cha expand to 10,000 sites by 2032.
Southeast Asia’s food delivery market soars by 13% YoY in 2024
Vietnam and Indonesia led the region’s growth with 26% and 18% YoY, respectively.
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The AI agent helps the fast-food chain cut wait times and boost order accuracy.
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Solving Insurance Headaches Across the QSR Spectrum