Jollibee dines close to home with Hong Kong selection for IPO spinoff
With 20 brands in 33 countries, the Philippine fast-food operator has abandoned earlier plans to list its international operation in New York in favor of its nearby neighbor Key Takeaways:…
BRIEF: Yum China not included in second bidding round for Jardine Restaurant Group
Yum China Holdings Inc. (YUMC.US; 9987.HK), operator of the KFC and Pizza Hut chains on the Chinese Mainland, wasn’t included in a second round of bidders vying for the franchisee…
BRIEF: Yum China among bidders for KFC, Pizza Hut operator in Hong Kong, Taiwan
Restaurant operator Yum China Holdings Inc. (YUMC.US; 9987.HK) and private equity giant Carlyle Group (CG.US) are among the parties interested in buying Jardine Matheson’s (JARD.SI) restaurant unit, which runs the…
RedNote separates its China business, while Texas Chicken plots a massive China entry
The social media sensation RedNote is taking steps to separate its China business from its global operations.
Slowing takeout dining wars leave Luckin with bitter aftertaste
China’s largest coffee chain slipped into same-store sales contraction in the first quarter, as the country’s top takeout dining delivery companies eased a subsidy war that had boosted sales Key…
Involution in China consumer market sparks new ‘Races to the bottom’
"This seems like involution taken to a new level, as it's one of the first cases we've seen of a company taking a major step that's almost certain to undermine…
China’s franchising boom cooks up new giants, leaves mid-tier Western chains behind
"Geopolitics and the aftermath of Covid provided conditions for Chinese consumers to start favoring domestic brands, to the detriment of Western brands that were not sufficiently or strongly established in…
