Staff Reporter
Luckin Coffee’s net revenue surges by 38% YoY in FY2024
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.
Grill’d teams up with F1 driver Oscar Piastri for new burger menu
The limited edition range is available until 31 March or whilst stocks last.
Krispy Kreme, Pistachio Papi to bring limited-edition doughnut
It will be available until 4 March.
Loob Holding to bring Tealive to India in Devyani Int'l deal
The brand is set to open outlets in major cities this year.
Social Media Wrap: The Coffee Bean & Tea Leaf Singapore's new look; Haidilao Malaysia taps into collectibles market; McDonald's Indonesia partners with Coca-Cola
Find out what QSRs have been up to on social media this week.
Starbucks Singapore revamps its rewards program
Guests can now earn stars with every purchase using any payment method.
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