McDonald’s Archives - Page 13 of 16 - Inside Retail Asia

McThai to boost network

McDonalds will open a new restaurant in Thailand at least every fortnight in 2015, according to local operator McThai Co. The company will increase its budget for capital works by 25 per cent to 900 million baht (US$27.6 million) according to a report in the Bangkok Post newspaper. By the end of 2015 the company expects to be operating 238 McDonald’s restaurants across the country, with sales growth in the double digits. Chief marketing officer Petcharat Uthaisang said the chain would…

McDonald’s plots Indian plan

Hardcastle Restaurants will expand McDonald’s Indian network to around 400 in four to five years. The master franchise of McDonald’s for western and southern India plans to spend around Rs750 crore (around $120 million) to add up to 250 new stores to its existing 189 restaurants in India. “Out of the new planned stores, about 60-70 per cent will come up in key big cities, while about 30-40 per cent will be set up in non-metros and smaller towns or highways,” Smita Jatia, MD at Hardca…

McDonald’s suffers from China scandal

Fast food chain McDonald’s says global same store sales decreased 3.7 per cent in August. The steepest fall was in Asia Pacific, Middle East and Africa (APMEA), where comparable sales dropped 14.5 per cent, largely due to the recent supplier food safety scare in China, which has significantly impacted results in China and Japan especially. “As we continue to assess the impact of the supplier issue in China, we estimate this issue will negatively impact third quarter results by about $0.15 …

McDonald’s Japan denies sourcing meat from CPF

Fast food chain McDonald’s Japan says it is not ordering meat products from Thai company Charoen Pokphand Foods (CPF). Earlier this month, CPF’s president and CEO Adirek Sripratak told Reuters that they have received orders from McDonald’s Japan after it ceased sourcing from Husi Food in Shanghai following food safety scandal. However, McDonald’s Japan spokesman Takashi Hasegawa denies Sripratak’s announcement. “It is not true that we have placed any orders with CPF,” he told Ja…

Thai giant wins from food safety scare

Thai company CP Foods is now been appointed meat supplier to fast food chain McDonald’s in Japan. The recent food scandal at Husi Food in Shanghai, the previous meat supplier to McDonald’s and Yum! Brands, has increased consumers’ food safety fears in China. To win back customers’ trust Yum! and McDonald’s cut ties with the supplier. So McDonald’s Japan turned to the giant CP Foods operation owned by billionaire Dhanin Chearvanond’s Charoen Pokphand Group. “We have received orders from …

McDonald’s Asia suffers

The food safety scandal in China has impacted on McDonald’s July sales. The fast food chain said global comparable sales decreased 2.5 per cent in July, with steepest decline in Asia Pacific, Middle East and Africa (APMEA) of 7.3 per cent, reflecting the impact of food quality and safety issues at a supplier to McDonald’s and other food companies in China. Results in China, Japan and certain other markets fell far further even though the scandal occurred towards the end of the month. Those…

Yum! Brands lures customers back

Fast food chain operator Yum! Brands hopes to bounce back after the latest food scandal. Chairman and CEO David Novak says their leadership team in China is working hard to rebuild consumer trust and sales. “I have also been briefed on their plans to engage the community and customers to win back and reinforce our market leadership position,” he said. The company admitted sales at KFC and Pizza Hut declined after its supplier Shanghai Husi failed to meet food safety standards. A sta…

McDonald’s pulls Big Macs in China

Fast food chain McDonald’s has withdrawn meat burgers from sale at its outlets in Beijing and Shanghai. The withdrawal follows media coverage showing a staff member at its supplier, Shanghai Husi Food, picking up meat from the floor and mixing expired meat with fresh meat, which triggered food safety concerns. “We have stopped selling all products related to Husi for food safety. Products affected mainly used beef and chicken,” said an operator from the McDonald’s national delivery…

KFC, McDonald’s China in food safety scandal

Fast food operators Yum! Brands and McDonalds are facing a new food safety scare in China. The Shanghai Municipal Food and Drug Administration has closed Yum! Brands and McDonalds’ local meat supplier, Shanghai Husi Food, a unit of Aurora, Illinois-based OSI, after a media coverage showed a Shanghai Husi Food staff picking up meat from the floor and mixing expired meat with fresh meat. Shanghai Husi Food has been supplying McDonald’s in China since 1992 and the KFC and Pizza Hut parent Yum…

Asia lifts McDonald’s sales

Fast food chain McDonald’s said sales in May rose 0.9 per cent, largely due to a rebounding performance in China. Same-restaurant sales increased 2.5 per cent in the Asia Pacific, Middle East and Africa (APMEA) region, however, it fell one per cent in the US. High sales in  Asia Pacific, particularly in China, were driven in large part by an expansion of its delivery and breakfast businesses. It is confident about China and plans to open 300 outlets there this year. “We are intensifying ou…

McDonald’s seeks franchisees for China

Fast food chain McDonald’s plans to accelerate its expansion in China by recruiting new franchisees. The US fast food giant says it is seeking franchisees to open 300 new stores this year. It surpassed 2000 outlets in the market last month. However, it remains far behind rival KFC which had 4500 branches in more than 900 Chinese cities by the end of last year. It plans to catch up with KFC by expanding further into lower tier cities. “We spent 18 years opening 1000 stores in China, b…

Fast food chains battle in Vietnam

Fast food chains continue to target Vietnam as McDonald’s meets with early success. Having opened its first outlet in February, McDonald’s, through its local partner Good Day Hospitality, plans further opening across the city and beyond. Its first outlet at 2-6 Bis Dien Phu, District 1 spans 1300 sqm, and is its third largest store in the world. A second will open soon in the popular tourist and backpacker zone of Pham Ngu Lao. Henry Nguyen, owner of Good Day Hospitality and the son-in-…