KFC parent Yum! Brands profits hurt by China food scares
Yum! Brands, the owner of fast food chains KFC and Pizza Hut, says its profit fell 68 percent in the third quarter, as its China sales slumped following controversy over its chicken supply and bird flu scare.
CoffeeWORKS : Best When Fresh
CoffeeWORKS is Thailand’s leading coffee shop roaster delivering to over 500 outlets throughout the country.
Domino’s Pizza Enterprises to buy 75% stake in Domino’s Pizza Japan
Domino’s Pizza Enterprises (DPE) has agreed to buy a 75 percent stake in Domino’s Pizza Japan from Bain Capital Domino Hong Kong for 12 billion yen. “The acquisition represents an exciting opportunity to leverage our proven track record of successfully growing the Domino’s network to deliver shareholder value,” said Don Meij, the Australian business’ managing director and chief executive. “Japan is a strategic location for DPE’s future expansion, providing access to a large market which is well suited to significant new store roll-outs and the relocation of stores to higher traffic locations with improved image and formats.” The purchase, which will be funded via a combination of debt and equity financing, is expected to be completed before the end of September 2013. The move came as Domino’s announced a net profit of $28.657 million for the 2012/13 financial year, an increase of more than six percent. Image: © Getty Copyright is owned by Asia Outlook and/or Outlook Publishing. All rights reserved.
McThai : They’re lovin’ it
APAC Outlook talks to Hester Chew, Chairman of Executive Committee and CEO of McThai, Thailand’s sole McDonald’s franchisee.
McDonald’s Thailand : They’re Loving It
APAC Outlook talks to Hester Chew, Chairman of Executive Committee and CEO of McThai, the sole McDonald’s franchisee in Thailand.
China launches EU wine probe
China has launched anti-dumping and anti-subsidy investigations into wines imported from the European Union (EU).
McDonald’s sales hit by weakness in Asia, Europe
Fast food giant McDonald’s says that “global comparable sales” slipped again in April, citing challenging economic conditions.
The end of ‘marmaggedon’ – Kiwis welcome back Marmite
Sanitarium, the company which produces the savoury spread, suffered significant damage to its only marmite factory during the Christchurch earthquake in 2011. Stocks diminished and the media dubbed the shortage ‘marmageddon’.
Famous Brands enters India with Debonairs Pizza
JSE-listed Famous Brands has announced its expansion into India, with a pilot Debonairs Pizza restaurant set to open in Mumbai in July 2013.
