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Tag: KFC

Retail Asia12/04/2019
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Food

Mexican investor Bought three quarters of Restaurant Brands

4min0
Restaurant Brands has announced Mexican investor Finaccess Capital SA de CV now has a controlling stake in the company after acquiring three quarters of the company’s shares. The deal closed on March 26 following Finaccess’ offer through its subsidiary, Global Valar SL, for up to 75 per cent of Restaurant Brands New Zealand shares at NZ$9.45 cash […]
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Retail Asia19/03/2019
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Research

The future of retail has arrived

5min0
Once upon a time, the future seemed a long way off. Remember Tom Cruise in 2002’s Minority Report? And the famous shopping centre scene? Director Steven Spielberg recruited a panel of futurists to predict a far-off tomorrow that included responsive, personalised advertising and sales assistants, triggered by iris and facial recognition. Well, today, we’re living in […]
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Retail Asia18/03/2019
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Food

Finaccess takeover of Restaurant Brands

2min0
Investment firm Finaccess’ takeover bid for quick-service group Restaurant Brands has been declared unconditional, with the firm accumulating 61.73 per cent of shares in the business. While the firm’s offer specifies it is seeking 75 per cent of shares in the business, it was able to declare the offer unconditional should it reach over 50 […]
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Retail Asia11/03/2019
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Food

KFC poised to expand after strong full year sales

2min0
Restaurant Brands is planning to expand the number of KFC restaurants it operates across Australia and New Zealand off the back of strong sales over the 12 months to February 2019, which contributed to the group’s overall 7.2 per cent increase in full-year sales of $764.6 million (NZ$794 million). In Australia, KFC’s sales grew 27.8 […]
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Retail Asia08/03/2019
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Food

KFC China opens tribute to Lei Feng

2min0
KFC China has held a promotion honouring Communist Lei Feng. The “Lei Feng Spirit” promotion was first launched in the legendary young soldier’s home province of Hunan on the national holiday dedicated to his memory. The figure of Lei Feng has been considered an inspiration to the Chinese people since he was first held up […]
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Retail Asia01/03/2019
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Food

Malaysia’s Kedai Ayamas Eatery plans 100 more stores

2min0
Kedai Ayamas eatery operator Kara Holdings is looking to establish 100 outlets within four years through its new franchising program, predominantly within peninsular Malaysia. The move into franchising should elevate the company’s finances by 10 per cent this year to about RM40 million (US$9.85 million). Nine franchises have opened so far, with 20 more targeted […]
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Retail Asia04/02/2019
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Food

Yum China to face challenges this year

4min0
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle. In year-end results released overnight, Yum China said fourth-quarter system sales rose 6 per cent in constant currency, but same-store sales rose by a more modest 2 per cent. The company, which owns the Chinese […]
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Retail Asia18/01/2019
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Food

Pizza Hut Malaysia 400th store opens soon

1min0
Pizza Hut Malaysia will open its 400th store in within the next three months. The company says it plans 15 new stores this calendar year, part of the 67 it announced last year within three years. Parent QSR Brands operates 810 KFC locations in its territory of Malaysia, Singapore, Brunei and Cambodia, drawing 25 million […]
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Retail Asia03/01/2019
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Food

Yum! appointed new leader for Pizza Hut Asia Pacific

3min0
Pizza Hut International on Tuesday announced that Unnat Varma, Managing Director, Pizza Hut India Subcontinent has been elevated to the position of Managing Director, Pizza Hut Asia Pacific effective 1 January 2019. In his new role, he will be responsible for steering Pizza Hut to the next phase of growth across the Asia Pacific region. Varma will be based in Pizza Hut APAC headquarters […]
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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 Asia09/11/2018
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Food

Auntie Anne’s to make debut in Myanmar

2min0
Yoma Strategic and the parent company of pretzel franchise Auntie Anne’s – Focus Brands – are to bring the popular hand-rolled soft pretzel store to Myanmar. Myanmar’s first Auntie Anne’s outlet is scheduled to open in Yangon in the coming months with a more ambitious expansion planned over the next five years. Auntie Anne’s recently […]
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Retail Asia03/10/2018
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Food

KFC Myanmar to open 70 more stores

1min0
KFC Myanmar plans to expand into new territories as locals embrace the fast-food concept. Two recent openings in Monywa and Pyay have brought the number of KFC outlets in Myanmar to 26 across six regions, only eight of which are outside Yangon. The local franchisee, Singapore-listed Yoma Strategic, has indicated plans to open 70 stores […]
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Retail Asia24/08/2018
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Food

QSR starts selling in Foodpanda Malaysia platform

1min0
Malaysia’s largest fast-food operator QSR Brands is partnering with Foodpanda Malaysia to deliver its Pizza Hut and KFC orders, according to a Deal Street Asia report. The move is expected to increase food revenue for the firm by 15–20 per cent, and allow delivery outlets for both brands to increase to 480 by the end of this […]
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Retail Asia07/08/2018
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Food

Yum China sales performs growth from expansion

3min0
Yum China sales rose 12 per cent in the quarter to June 30, boosted by more stores and currency gains. But same-store sales declined across both of its brands and margins contracted. The company reported total sales of US$2.1 billion which on a currency-neutral basis was 5 per cent better than for the same quarter […]
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Retail Asia21/06/2018
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Food

KFC Singapore bans plastic for dine-in customers

2min0
KFC Singapore is jettisoning plastic straws and drink-cup lids in its restaurants in a sustainability initiative it says will cut 17.9 tonnes of single-use plastic waste in a year. Dine-in guests of its 84 restaurants in Singapore will not be served lids and straws from June 20, but they will be supplied with takeaway orders. […]
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Retail Asia18/05/2018
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Food

QSR and PETRONAS tie-up to open 50 new KFC drive-thru outlets

1min0
QSR Brands Holdings’ wholly owned subsidiary QSR Stores has signed a memorandum of understanding with Petronas Dagangan to gradually open 50 KFC Drive-Thru outlets at Petronas gas stations within the next three years. QSR Brands MD Mohamed Azahari Mohamed Kamil says the strategic collaboration provides an excellent opportunity for the quick-service restaurant group to expand […]
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