Food & Beverage
People visiting the site of the old ANZ bank in Perth's Myaree might find themselves withdrawing a different kind of dough – with Western Australia's second Krispy Kreme store set to open there next month.
Builders have been at the premises for several months, with the tell-tale signage revealed a few weeks ago.
With several retailers in the area already stocking the sweet treats, it remains to be seen as to whether the new store will whip up the frenzy seen last November, when the doughnut giant's first WA outlet opened at the Whitford City shopping centre.
Money-losing McDonald's Japan said on Wednesday it will try to regain customer confidence in their products by allowing children and their parents to cook burgers in its kitchens under the instruction of its staff.
From next Tuesday to 29 June, children aged 3 to around 12 and their parents can participate in the "Mac Adventure" program at some 650 restaurants across Japan, wearing the McDonald’s uniform and making a health-conscious item introduced on 25 May for children – a burger with a chicken patty that includes corn, carrots and soybeans.
Japan, famous for green tea, is welcoming artisanal American coffee roaster Blue Bottle with long lines that have at times meant a four-hour wait for a cup.
The company, which began in Oakland, California in 2002, hopes its early popularity is more than a passing fad. Japan's consumer culture is littered with manias for Western food imports: pancakes, popcorn, doughnuts, even Taco Bell.
McDonald’s Holdings Co. (Japan) on Monday revived its "smile for zero yen" campaign and said it will designate the 25th day of each month as a "mac smile day".
On each "smile day" this year, McDonalds will hold events in its outlets aimed at recovering customer trust, damaged by a series of blunders, including the discovery of foreign objects in its products.
About 1,000 people lined up Saturday for the opening of the first Starbucks outlet in Tottori Prefecture.
Japan's least populated prefecture was the last in which the coffee chain lacked a presence.
The outlet, near a train station in the city of Tottori, the prefectural capital, started forming lines from around noon Friday. About 150 people had gathered by midnight to camp out for the opening.
Starbucks and music streaming service Spotify plan to strike a music partnership that will give customers access to exclusive content, Starbucks announced Monday.
The coffee chain's loyalty members will gain access to Starbucks music on Spotify and have input on in-store playlists, among other benefits. The collaboration will start this fall in US company-owned stores, followed by Canada and the United Kingdom.
In addition, Starbucks' US-based employees will receive a Spotify Premium subscription.
TWG Tea from Singapore expects its business in Thailand will grow by almost 50 percent this year, with sales forecast to reach THB250 million (USD7.5m).
The brand owner is considering further expansion in Thailand by supplying tea to restaurants and hotels, especially those managed by the hospitality chain owned by Italthai Industrial Group. Italthai is the master franchisee for TWG Tea there.
Yum Brands shares rallied on Tuesday after the restaurant operator topped earnings expectations as comparable sales in China declined less than forecast.
Yum, which operates KFC, Pizza Hut and Taco Bell restaurants, reported first-quarter earnings of 80 cents per share on revenue of USD2.62 billion.
McDonald's Corp.'s Japan business forecast wider losses this year, announcing store closures and job cuts after sales suffered from food scandals.
McDonald's Holdings Co. (Japan) would probably lose JPY38 billion (USD318 million) this year, compared with a JPY21.8 billion loss in 2014, the company said Thursday in a Tokyo Stock Exchange statement. Sales were expected to drop 10 percent to JPY200 billion, it said.
McDonald's entered India in 1996, against the backdrop of a market that was hesitant to try fast food and was still dependent on the "tiffin" lunch boxes many lug to work.
Two decades later, things have changed. India's fast-food industry is expected to double in size between 2013 and 2016, to $1.12 billion, according to the Economist Intelligence Unit. And demographic trends mean it could become the next mega-market for international fast food players.