Fastfood

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Retail Asia26/09/2022

Leading fast-food chain McDonald’s China opened the company’s first zero carbon restaurant in the Shougang Park in Beijing recently part of its upcoming move to open more new green outlets in the country. The McDonald’s Shougang Park restaurant is designed and constructed in line with LEED (Leadership in Energy and Environmental Design) net zero carbon […]

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Retail Asia21/09/2022

South Korea’s second-largest chicken franchise by sales, bhc Group, said Tuesday it will open its third store in Malaysia next month as part of its strategy to expand into Southeast Asia. The new restaurant, which is set to open in a shopping complex located inside the capital of Kuala Lumpur, will be operated by a […]

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Retail Asia25/08/2022

Domino’s Pizza Malaysia is set to become part of the largest Domino’s network outside of the United States (US) via a proposed acquisition by Domino’s Pizza Enterprises Ltd (DPE). DPE is an Australian-based group that operates more than 3,400 Domino’s stores in ten markets around the world. DPE has entered into a binding agreement with […]

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Retail Asia15/08/2022

Popeyes Louisiana Kitchen is making a move on KFC’s turf. The Miami-based chicken chain on Wednesday announced an agreement with Cartesian Capital Group to develop restaurants in China in the coming years. In the process, it will take Popeyes into a country dominated by its longtime rival, KFC. Popeyes could move quickly if Cartesian’s recent […]

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Retail Asia26/07/2022

Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian focused private equity firm AIGF Advisors Pte […]

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Retail Asia29/06/2022

Listed fast-food chain operator Collins Foods has reported positive same-store sales growth across both its European and Australian markets despite a turbulent economic climate. The company’s Taco Bell and KFC franchisees in Australia achieved revenue growth of 11 per cent to $1.2 billion with KFC Australia delivering $955.5 million, up 6.1 per cent. KFC’s same-store […]

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Retail Asia24/06/2022

Wendy’s NZ, the current master franchisee, owner and operator of all Wendy’s hamburger restaurants throughout New Zealand, is on the market for the first time in 34 years. The brand was brought here in 1988 when Danny and Dianne Lendich opened the first store in Te Atatu after a deal between the international franchisor and […]

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Retail Asia13/06/2022

McDonald’s Korea, the local unit wholly owned by the US fast-food giant, is seeking a new owner — joining the latest burger chain sales rush here. The company confirmed Friday that its US headquarters is selling its entire stake in the Korean unit as well as its business license after its first failed attempt six […]

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Retail Asia17/05/2022

McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether. The burger chain will sell its Russia business, saying the “humanitarian crisis caused by the war in […]

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Retail Asia25/04/2022

Yum China has just launched KFC’s first Green Pioneer Stores in Beijing and Hangzhou, as it works toward building a network of net-zero restaurants in the future. The move is part of the company’s climate strategy and a roadmap to achieving net-zero by 2050, following its pledge to Business Ambition for 1.5°C Commitment Letter to […]

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Retail Asia17/03/2022

Carl’s Jr. plans to close all six locations in Thailand by the end of the month. R&R Restaurant Group, which holds the rights to operate the burger chain, announced it could no longer bear the costs of operating the fast-food chain. “We tried to get through it during the second half of 2021. But we […]

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Retail Asia22/02/2022

International fast-food chain Jollibee has announced that it will open its first Scottish restaurant in Edinburgh and its second store in Glasgow. The company will open its Edinburgh store next Thursday in Princes Street with the second store opening a month later in Glasgow. The restaurant will serve halal meat to cater to all communities in both […]

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Retail Asia04/02/2022

In an Australian-first, KFC has enlisted a drone delivery company to bring Zingers and other fried faves to homes and workplaces in the Logan area between Brisbane and the Gold Coast. Wing, owned by Google parent Alphabet, launched in Canberra in 2019 in a world-first, and in Logan the following year. Since then, suburbs within […]

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Retail Asia31/01/2022

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Trade union SDA has lodged a multimillion claim in the Federal Court against McDonald’s Australia seeking compensation for about 900 current and former employees the union alleges have been denied paid rest breaks and misled about their rights. The action covers more than 110 restaurants across Australia directly owned and operated by the fast-food company […]

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Retail Asia31/01/2022

Restaurant Brands NZ Limited reported a 19.7% increase in sales for the year ended 31 December 2021, making total sales of NZ$1.06 billion in 2021. While same-store deals stayed strong in the period, nearly NZ$100 million of the rise in annual sales came from the extra 8 months of trading from the California acquisition. The […]

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Retail Asia20/01/2022

For the longest time, we’ve been hearing the same tagline from Subway: Eat Fresh! Since its inception in 1965, it’s what the brand wants us to associate with when consuming their footlong subs: only the freshest and the healthiest ingredients are used to make them. And it works! After all, we can’t help but cave into the […]

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Retail Asia19/01/2022

Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than US$1 billion, a person with knowledge of the matter told Reuters. Hong Kong-based Affinity has appointed Goldman Sachs to run the sale, which is […]

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Retail Asia10/01/2022

The pizza chain plans to open over 1,350 stores in South China by 2040 in partnership with the Asian private equity firm FountainVest Partners, it said on Friday. The deal will increase Papa Johns’s current global count by 25%, and marks the largest franchisee development agreement in the pizza company’s history. Pizza companies have lately been […]

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Retail Asia21/12/2021

McDonald’s is stepping back in time and reopening Australia’s first restaurant in Yagoona. Celebrating 50 years since the very first Macca’s opened its doors in December 1971, the new McDonald’s Yagoona will open on Friday and adopt its original 1970s prices. From 11 am to 1 pm on opening day the humble hamburger will be […]

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Retail Asia10/12/2021

Hundreds of thousands of McDonald’s staff have brought a class action against the fast-food giant for failing to provide adequate paid rest breaks, in what is being described as a “systematic failure”. McDonald’s has been accused of not providing staff with enough paid rest breaks for the duration of their shifts – some of which […]

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