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Tag: fast food

Retail Asia13/12/2018
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Food

Lotteria burgers get 2.2% more expensive

1min0
Lotteria is raising burger prices. The fast food franchise announced Wednesday that it was going to raise the price of 11 of its burgers by an average of 2.2 percent. Its Teri Burger, for example, will now cost 2,300 won ($2.04), up from the original 2,000 won. The price of the Classic Cheese Burger will rise […]
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Retail Asia05/12/2018
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Food

KFC Thailand benefits from transforming franchise model

1min0
Fast-food restaurant chain KFC Thailand is on track to achieve double digit year-end sales growth since transforming itself into a 100-per-cent franchised model, exceeding business expectations.The largest restaurant chain in Thailand is also set to accomplish a record high of 75 new outlet openings this year, 39 per cent above target and pushing the total […]
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Retail Asia30/11/2018
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Food

Taco Bell to open store in Bangkok

1min0
Taco Bell Thailand is scheduled to launch in Bangkok early next year. Thoresen Thai Agencies, which also holds the Thailand franchise for Taco Bell’s sister brand Pizza Hut, is planning to open the restaurant in Mercury Ville mall on the BTS Chidlom stop. The firm has already begun scouting for employees for the outlet. Taco […]
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Retail Asia21/11/2018
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Food

Shake Shack opens in Pacific Place HK

2min0
Located at Pacific Place, the new branch will give out 200 Shake Shack tote bags on a first-come-first-serve basis. In addition to the Shack classics and the Hong Kong exclusive milk tea shake, the new store will introduce a selection of local menu items, including a new series of “concrete” (custard desserts) – matcha golden […]
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Retail Asia19/11/2018
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Food

Full service eateries threaten fast food in Vietnam

4min0
A survey has found full service restaurants outshining the quick service segment in Vietnam since 2017’s third quarter. Full service restaurants (FSR) or sit down eateries where food is served directly to the customers’ table, have been far better patronized than quick service restaurants (QSR), where table service is minimal and the typical fare is […]
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Retail Asia16/11/2018
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Food

Jollibee Philippines Q3 profit rises

1min0
Philippine fast-food franchise Jollibee posted an increase in profit of nearly 20 per cent in its third quarter. Backed by strong sales, the firm has posted a 19.2 per cent rise in net income attributable to shareholders to PHP6.09 billion (US$114.5 million). According to Jollibee’s CFO Ysmael Baysa, the company’s global sales have seen strong […]
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Retail Asia15/11/2018
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Food

Burger King cancelled IPO plan

2min0
TFI TAB Food Investments, the exclusive operator of Burger King in the Turkish and Chinese markets, has withdrawn its expected US$220 million IPO in the US. Citing market volatility, TFI TAB withdrew the filing nine months after postponing the Burger King IPO following instabilities in Wall Street trading. The filing had already been scaled back […]
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19/10/2018
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Food

Jollibee Sets Up Shop in Manhattan

2min0
Philippine fast-food restaurant chain Jollibee is opening its first Manhattan location next Saturday. The Jollibee Manhattan store will be the brand’s second store in New York State, and the 37th in the US. “We are excited to finally open our doors in the heart of bustling Manhattan, which is not just a centre of business […]
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Retail Asia12/10/2018
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Food

Burger King eyes expansion in Africa

3min0
Burger King, the world’s second-biggest burger chain, is set to launch a string of restaurants in sub-Saharan Africa, including Nigeria, according to a senior executive. Daniel Schwartz, chief executive of Burger King’s parent company, Restaurant Brands International, told that the region was seen as a “huge opportunity”. Africa has mouth-watering demographics for any fast-food chain, […]
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Retail Asia12/03/2018
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Food

Oporto to sets footprint in Singapore

2min0
Chicken franchise Oporto has partnered with Aura Group to fuel its Asian expansion plans. After signalling the company’s intention to move into Singapore late last year, Oporto CEO Craig Tozer said he’s confident the brand is well-positioned for international growth beyond New Zealand, backed by record sales growth and continued domestic expansion. “Taking our brand internationally has […]
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Retail Asia10/12/2016
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Food

Burger King sets up second store at new domestic terminal

3min0
Myanmar is getting its first ever publicly-accessible Burger King outlet, although whopper-enthusiasts will have to make their way to Yangon International Airport’s new domestic terminal to slake their hunger. The new Asia World-built domestic terminal – T3 – opened yesterday, with the first flights scheduled to take off later this week, according to Asia World. […]
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Retail Asia29/11/2016
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Food

Fast food industry in Singapore braves slump

5min
The food and beverage industry is in a pickle with the slowing economy, but the fast-food industry appears to be staying ahead. The latest official figures show that sales at fast food outlets were better than those at restaurants this year until September, except for June. Fast food sales in September are estimated to have […]
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Retail Asia21/11/2016
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Food

Zhouheiya fast food chain to list in Hong Kong

3min
The initial public offering of Zhouheiya, a Hubei province-based fast food chain known for its spicy-braised duck neck and other ready-to-eat snacks, opened for subscription in Hong Kong, looking to raise up to HK$3.3 billion ($425.7 million). The braised food producer and retailer, scheduled to make its trading debut on Nov 11, will sell 424 […]
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Retail Asia03/06/2016
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E-TailingFood

UberEats Singapore hits the road

2min0
UberEats Singapore has launched, the ride-hailing app’s food-delivery service making its Asian debut. Using the standalone app, Singaporeans can order food from about 100 restaurants. While deliveries are initially limited to the central business and commercial area, the company plans to expand its service coverage as well as menu. Making its debut in Toronto early […]
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Retail Asia18/12/2015
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Food

McDonald’s pilots new open concept in Hong Kong

12min
McDonald’s first opened its doors in Hong Kong in 1975. Fast-forward 40 years and McDonald’s is pioneering a new dining concept it’s calling McDonald’s Next in the bustling city on the South China Sea. Billed as a “food bar,” the open-concept eatery is located in the city’s Admiralty area, a major shopping hub (and hang-out for […]
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Retail Asia05/03/2015
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Food

Jollibee to open 330 stores

3min
Philippines-based fast food operator Jollibee Foods has reported a 14.3 per cent increase in income and announced a massive 330-store rollout for 2015. Jollibee is the country’s largest fast-food chain saw global sales increase 12.9 per cent to P90.7 billion (US$2.05 billion) from P80.2 billion ($1.81 billion) year on year to December 31. Its profit […]
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