Food & Beverage
Online food delivery company foodpanda has fully acquired key competitors in 7 countries, consolidating its position across Asia’s food delivery market.
Globally, the company is active in 39 countries on five continents. The new acquisitions were from India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, and Thailand.
After acquiring TastyKhana in November 2014, foodpanda also acquired Indian business of JUST EAT. With these two acquisitions, foodpanda is now present in over 200 Indian cities and partners with over 12,000 restaurants in the country.
Delta Air Lines officially began serving Starbucks Coffee on all its flights worldwide this month as part if its ongoing in-flight enhancements to its food, beverages, seats and entertainment.
Mike Henny, Delta’s Director of Customer Experience, said with this enhancement to the airline’s core in-flight service product, it hopes to improve the travel experience for customers.
"We are delighted to provide Starbucks coffee wherever Delta’s customers are traveling,” said Michelle Burns, vice president Branded Solutions, Starbucks.
Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares jumped 2.1 percent.
Same-restaurant sales in China, Yum's number one market for revenue and profit, fell 16 percent for the quarter that ended on 27 December on continued fallout from allegations that a former supplier used expired meat.
In pursuit of its goal to reduce company-operated restaurant ownership to approximately 5 percent of the total system by the middle of 2016, Wendy’s recently announced that it is planning to sell 500 additional restaurants to franchisees this year.
The company sold 237 company-operated restaurants to franchisees in 2014, including 29 restaurants under its Canadian system optimisation initiative to sell approximately 130 restaurants by the end of the second quarter of 2015.
Already reeling from a handful of scandals, Japan's fast-food industry faces a new problem: diners are no longer heading out for meals like they used to.
"Japanese consumers are choosing to buy their meals at convenience stores and eat at home," said Japan Food Analyst Association (JFAA) chairman Hiroyuki Kamiya.
TGI Fridays Inc. is equipping servers with 8-inch tablets so they can quickly and accurately process orders and payments while at the table.
The devices use Windows 8.1, running Oracle’s MICROS Restaurant Enterprise Solution (RES) 5.4 on Oracle’s MICROS mTablet E-Series mobile point of sale devices.
Servers can carry these tablets from table to table to take orders and respond promptly to guest requests. It improves table wait and helps regulate the pace of orders sent to the kitchen.
McDonald’s Corp. said its earnings would remain under pressure for the next several months, as it takes time to lure back customers with menu changes and other moves.
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Goubuli, a renowned Chinese restaurant chain known for its steamed stuffed buns, said they sealed a deal with Gloria Jean's Coffees to operate the Australian brand in China.
Tianjin Senyongtai Food and Beverage Co, a subsidiary wholly owned by the Goubuli Group, will hold an 80 percent stake in "Tianjin Glory", a new joint venture that will operate Gloria Jean's coffee brand in China under the deal reached on 25 December, Goubuli's Board Chairman Zhang Yansen said on Wednesday.
The Australian firm will hold the remaining 20 percent, he said.
Singapore's Universal Success Enterprises, the franchise holder of Australian-themed Outback Steakhouse chain in Southeast Asia, aims to double its sales growth this year as new stores opens amid a recovery in customers' purchasing power.
Outback Steakhouse opened its fourth restaurant in Indonesian last week inside the Lippo Mall Puri, a shopping centre in West Jakarta.
China’s urban consumers, prodded perhaps by a series of food-safety scandals, are becoming much more picky about what they eat. They are increasingly willing to pay a premium for imported products and are being drawn in larger numbers to retailers that deliver fresh fruit and vegetables to the doorstep.