fast food Archives - Inside Retail Asia
Australia’s Oporto to launch in Singapore
Chicken chain secures financial partner for international expansion.
Figaro’s Pizza eyes Asia
US-based pizza chain Figaro’s is seeking franchisees across most of Asia after success in the Middle East.
Burger King set for India debut
US fast food chain Burger King will open its first 12 restaurants in India within three months. The first outlet will open in Delhi, the nation’s capital city, within four weeks, according to sources in India. During the initial launch phase six restaurants will open in Delhi and six in Mumbai. “The initial plan is to roll out a store every few weeks to keep the momentum going,” a person ‘with direct knowledge of the matter’ told Indian news website Livemint.com. The chain is a…
[:en]Fast food chains buck Indian trend[:zh]印度快餐连锁的逆袭
[:en]Fast food spending in India is soaring. The annual national spend on fast food restaurants in India’s second and third tier cities increased by 108 per cent, thanks to consumers’ need for convenience, increased appetite and insatiable hunger for international food. According to The Associated Chamber of Commerce and Industry of India secretary general D S Rawat, the trend is propelled by factors such as changing economic and demographic profiles of consumers, exposure to global me…
McDonald’s slips in Asia
February has been a challenging month in Asia for US fast food chain McDonald’s. McDonald’s says global comparable sales decreased 0.3 per cent in February, its poorest performance in Asia, where comparable sales were down 2.6 per cent. The company blamed the poor Asia sales on a weak Japanese market, a shift in the timing of Chinese New Year and poor results in Australia. In the US, comparable sales decreased 1.4 per cent amid challenging industry dynamics and severe winter weather. …
McDonald’s debuts in Vietnam
Eager customers queued for hours for their first taste of a McDonald’s burger in Vietnam on Saturday. The US fast food giant finally made it to Ho Chi Minh City, Vietnam’s largest centre on February 8, creating two firsts in the nation’s fast food market: 24 hour trading and drive-thru. After systems testing featuring invited guests during the first few days of February, the much publicised grand opening on Saturday drew thousands of Vietnamese, many who have never experienced the much-lov…
China drags down Yum! earnings
KFC parent Yum! Brands has reported a 32 per cent slide in net income in 2013. The American fast food restaurant operator said 2013 net income was down to $1.09 billion, as KFC China’s earnings were eroded by 15 per cent, dragged down by Avian flu fear and a poultry supply scandal. But, the company is optimistic it will bounce back in 2014 as it reassures customers of the safety of its food. “In China, we have an aggressive plan to reignite sales at KFC and we expect continued strong pe…
McDonald’s to chase Asia growth
Fast food chain McDonald’s will spend $3 billion this year opening 1600 new outlets worldwide – a big share of them in China. McDonald’s says China, where it has more than 2000 outlets, offers strong potential for fast food as the nation’s middle class expands. “We feel we have got a sound strategy. We’re being strategic on our openings. We’re being strategic on our menu pricing and our points of distribution,” said McDonald’s CEO Don Thompson. The company is now targeting second-, thir…
Jollibee aims for No 1
Filipino fast food chain operator Jollibee Foods Corporation wants to be Asia’s largest restaurant group. JFC says it expects systemwide sales growth of 12 per cent this year and that the ongoing expansion of its domestic and international network will drive rising sales growth rates. JFC plans to open at least 220 new outlets this year in addition to the existing 2040 stores under brands including Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal and Burger King. It also operates …
Burger King plans Korean growth
Burger King wants to become a dominant player in Korea’s quick service restaurant market. The US fast food chain plans to expand its footprint there to 300 outlets within five years from the 150 as of June. “Burger King is going to expand its franchise business with the aim to become the leader in the market within 10 years in Korea,” said the company in a statement. One company official said that Burger King gained momentum for expansion after being purchased by Korea’s Vogo Fund in No…
Asia Pacific dents McDonald’s
McDonald’s regional comparable sales declined in August. The fast food chain reported that sales in Asia Pacific, Middle East and Africa (APMEA) were down 0.5 per cent due to negative sales results in Japan, China and Australia. However, worldwide sales grew by 1.9 per cent on the back of increased comparable sales in Europe (3.3 per cent) and the US (0.2 per cent). McDonald’s says Europe’s results benefited from the introduction of blended-ice beverages in the UK, strong premium food e…
