News
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Orée Boulangeries to launch their 2024 festive menu
It will be available from 18 November.
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.
London cafe brand EL&N makes India debut
The cafe is located in Jio World Plaza.
KFC Singapore drops new Double Down variation
It will be available from 16 October whilst stocks last.
Health-focused QSR Liv Eat opens first South Australian restaurant
The new restaurant will be located in Adelaide’s CBD.
9 in 10 HK restaurants credit sales boost to deliveries during events
65% of restaurants saw stable or increased revenue during major summer sports events.
McDonald’s UK records a net profit of £35m in 2023
The company’s turnover sales also increased by 14.9% to £1.8b.
HEYTEA opens first concept store in Myeongdong, Seoul
The concept was inspired by the Chinese literature "Lofty Mountains and Flowing Streams.”
Hospitality insolvencies drop 16% MoM in August 2024
It also went down by 29% YoY.
Social Media Wrap: Chatime's Red Bull Summer edition collab; El Jannah Australian Open debut; Taco Bell drops $10 deal
Find out what QSRs have been up to on social media this week.
Compass One acquires Peabodys Coffee
It also plans to launch new cafes at seven hospital sites.
Weekly Global Wrap: Popeyes Thanksgiving turkey promo returns; Trump serves fries at McDonald's; Pizza Hut debuts personal pan pizza kiosks
Here is a summary of the most interesting QSR news stories of the week globally.
Social Media Wrap: Bella Italia to give away 2,000 pasta dishes; Zambrero’s new chicken flavour; Papa John’s launch Call of Duty bundle
Find out what QSRs have been up to on social media this week.
Chick-fil-A to open restaurant in Singapore, first in Asia
The expansion plan includes a long-term investment of $98.5m over the next decade.
Most Read
1. CHAGEE aims to raise $411m US IPO 2. Zarraffa’s Coffee enters South Australia market 3. Gami Chicken grows sales 18% amidst rise in cost-conscious dining 4. KFC Australia’s COO resigns 5. Weekly Global Wrap: McDonal'ds add lemonade to US menu; Starbucks China unveils new sugar-free coffee; DoorDash rolls out delivery robotsResource Center
Events
Event News
The last day for nominations is 17 April.
Commentary
The Customer Retention Revolution: The predictive approach to preventing churn