Staff Reporter
Shopper confidence at ‘lowest levels’ despite removal of COVID-19 restrictions
Shopper confidence at ‘lowest levels’ despite removal of COVID-19 restrictions
89% or nearly nine out of ten shoppers expect food prices to rise.
No Signboard applies for extension for AGM, filing of financial results
The company and its board have been in talks with substantial shareholders for financial support.
Singapore’s F&B sales up 7.4% in December
Total sales value of F&B services in December was estimated at S$855 million.
The Cheesecake Shop sold to Australia-based investment firm River Capital
PAG Asia Capital owned the business for about five years.
Pizza Hut Australia owners on the hunt for targets with ‘wrinkles’: report
Founding partner Chester Moynihan thinks there is fertile ground for private equity over the next few months, according to the Financial Review.
Grill’d launches two 100% plant-based restaurants
The chain is also bringing back its Meat-Free Mondays promotion.
Weekly Global News Wrap: More price hikes for Starbucks; McDonald’s celebrates Lunar New Year with app-exclusive concert; Shake Shack promotes new chicken sandwich with dating site
Here is a summary of the most interesting news stories of the week from around the world.
Domino’s opens 1,500th store in India
The chain opened a record 200 new restaurants during 2021 in the country.
KFC pilots drone delivery service in QLD
The initiative is a partnership between KFC franchisee Collins Foods, Wing and Yum! Brands.
Foodco names Richard Goodman as chief executive officer
Serge Infanti, who has been with the group for over 30 years, is now serving as executive chairman.
Subway opens restaurant in Mansfield, Victoria
The latest restaurant is part of the brand’s continued efforts to transform their guest experience.
McDonald’s Indonesia halts large fries sales due to supply disruptions
This follows similar announcements in Japan and Malaysia.
Virtual Hero makes two senior appointments to drive Sides growth
Sides is available to order across London and the UAE with 200 sites set to open globally by the end of 2022.
Delicious Pho opens first UK restaurant
The chain seats 134 people and is available for both dine-in and takeaway.
TGI Fridays to open 87th UK restaurant in Chelmsford
It will bring 70 full time and part time jobs to the area.
The Habit Burger Grill to open fifth restaurant in Cambodia
The chain opened its first location in Cambodia in October 2020.
Starbucks China sees 14% dip in Q1 sales
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.
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