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Tag: Fastfood

  • Chipotle Sets Sights On Asian Market With South Korea And Singapore Expansion

    Chipotle Sets Sights On Asian Market With South Korea And Singapore Expansion

    Next year, Chipotle is set to expand its international footprint into Asia, launching its first establishments in South Korea and Singapore. This expansion is facilitated by a partnership with SPC Group.

    Chipotle Finds Its Ideal Entry Points in Asia

    Executive Vice President and owner of SPC Group, Heesoo Hur, has conveyed his excitement about the venture, stating that due to the widespread recognition of the brand and the keen interest in high-quality culinary experiences among Koreans and Singaporeans, these two markets pose perfect entry points for Chipotle’s Asian expansion.

    Chipotle, a US-based fast-casual chain, has gained popularity for its customizable offerings that include burritos, bowls, tacos, and salads created from fresh ingredients. Patrons are allowed the liberty to choose their fillings from an assembly line, enabling them to tailor their meals according to their preferences.

    Chipotle Eyes Growth in Asia

    Scott Boatwright, CEO of Chipotle, has expressed his enthusiasm about the move into Asia. He believes this expansion will provide an exceptional growth opportunity for the company. He stated that there is considerable demand for fresh, quickly prepared food in the Asian markets and, coupled with existing brand recognition, he anticipates a strong initial acceptance of the brand.

    This alliance with SPC Group is the latest in a series of international moves by Chipotle. In 2023, Chipotle formed a partnership with Alshaya Group to introduce the brand to the Middle East, where it currently operates six outlets spread across Kuwait and the UAE. Earlier this year, Chipotle revealed a collaboration with Alsea, planning to inaugurate its first Mexican outlet next year.

    At present, Chipotle operates over 3,800 restaurants globally. The company harbors ambitious plans for the future, targeting the opening of up to 345 new sites this year, with an ultimate aim of reaching a total of 7,000 locations in the US and Canada.

    Questions & Answers

    What is Chipotle’s expansion plan for Asia?
    Next year, Chipotle will be launching its first outlets in Asia, beginning with South Korea and Singapore, via a partnership with SPC Group.

    What kind of dining experience does Chipotle offer?
    Chipotle is a fast-casual chain that offers personalised dining experiences. Customers can customise their burritos, bowls, tacos, and salads with fresh ingredients chosen from an assembly line.

    What are Chipotle’s broader expansion plans?
    Chipotle operates over 3,800 restaurants worldwide and aims to open up to 345 new locations this year. In the long term, the company targets a total of 7,000 outlets in the US and Canada.

  • Potato Corner Debuts In Taiwan: Strategic Expansion Into 16th International Market

    Potato Corner Debuts In Taiwan: Strategic Expansion Into 16th International Market

    Potato Corner, a popular flavored fries chain, has made its debut in the Taiwan market. The brand’s inaugural store was launched at the Uni-President Department Store, located in Taipei’s Xinyi District.

    Collaboration with Local F&B Operator

    The launch in Taiwan was made possible through a strategic partnership with Fujin Tree Group, a local operator in the lifestyle and food & beverage sectors. Vicente Gregorio, the president and CEO of Shakey’s Pizza Asia Ventures (Spavi) which owns Potato Corner, expressed confidence in their collaboration with Fujin Tree Group. He emphasized its strategic importance in the brand’s international expansion plan, saying, “We anticipate enhancing and expanding our brand visibility in Taiwan with the robust backing of our partner, Fujin Tree.”

    Expansion Plans

    Jay Wu, the founder of Fujin Tree Group, corroborated this sentiment, stating that more Potato Corner stores are in the pipeline and expected to open before the end of the year. Following its acquisition by Spavi in 2022, Potato Corner has seen significant growth, boasting 2345 outlets across the globe. The entry into Taiwan marks the brand’s penetration into its 16th international market.

    Brand Value

    Gregorio iterated his pride in bringing Potato Corner to new international markets, highlighting the importance of this milestone for the brand. He said, “Potato Corner’s debut in Taipei is a notable moment not just for our flavored fries, but for our group’s vision of wowing more guests around the globe.”

    Questions & Answers

    What is the significance of Potato Corner’s launch in Taiwan?
    The launch marks Potato Corner’s entry into its 16th international market, further expanding its global footprint.

    Who is Potato Corner’s local partner in Taiwan?
    Potato Corner has partnered with the Fujin Tree Group, a Taiwan-based operator in the lifestyle and food & beverage sectors.

    What are the future expansion plans for Potato Corner in Taiwan?
    In collaboration with Fujin Tree Group, Potato Corner plans to open additional stores in Taiwan by the end of the year.

  • Domino’s Pizza China Reports Record Half-year Revenue, Loyalty Program Membership Soars

    Domino’s Pizza China Reports Record Half-year Revenue, Loyalty Program Membership Soars

    Domino’s Pizza in China has announced an impressive 27% surge in its half-yearly revenue, reaching RMB2.59 billion (US$363.2 million). This continued the firm’s trend of double-digit growth year on year.

    Impressive Profit Growth

    The company’s net profit growth was also highly commendable, registering an increase of 504.4% to RMB65.9 million. Additionally, the adjusted net profit saw a significant increase of 79.6% year on year, reaching RMB91.42 million.

    Loyalty Program Boost

    The first half of the year saw 30.1 million people signing up for Domino’s China’s loyalty program, representing a substantial 55.2% increase compared to the previous year. The revenue generated by the loyalty members constituted an increased percentage of the company’s total revenue, moving from 63.6% to 66%. This development indicates a growing scale, and a deepening engagement and loyalty from the customers.

    Expanding Store Network

    Since the third quarter of 2017, Domino’s China has been rapidly expanding its store network through its ‘go-deeper, go-broader’ approach. This has led to the company increasing its store count from merely 100 stores to 1198 stores spread across 48 cities on the Chinese mainland.

    Domino’s attributes its successful expansion to stringent site evaluation standards. The company ensures that each new store meets the requirements for long-term profitability. This has helped the firm maintain its store closure rate below the industry benchmarks.

    Questions & Answers

    What was the increase in Domino’s Pizza China’s half-year revenue?
    The half-year revenue of Domino’s Pizza China increased by 27%, amounting to RMB2.59 billion (US$363.2 million).

    How many people signed up for Domino’s China’s loyalty program in the first half of the year?
    In the first half of the year, 30.1 million people signed up for Domino’s China’s loyalty program.

    How many stores does Domino’s China currently have?
    Domino’s China currently has 1198 stores across 48 cities on the Chinese mainland.

  • Chick-fil-a’s Global Leap: Plans For Permanent Outlets In Singapore, Uk Unveiled

    Chick-fil-a’s Global Leap: Plans For Permanent Outlets In Singapore, Uk Unveiled

    Chick-fil-A, the renowned American fast-food chain, is gearing up to establish its inaugural permanent eateries in Singapore and the UK. This move aligns with their expansion strategy that was unveiled last year.

    Singapore and UK Expansion

    The first Chick-fil-A restaurant in Singapore is slated to follow the brand’s triumphant pop-up event from last year, while the UK branch is anticipated to launch in Leeds this autumn.

    The restaurants in both nations will be directed by owner-operators native to the respective countries. Chick-fil-A is confident that their comprehension of the local community’s tastes will be advantageous for the company’s global growth.

    Anita Costello, Chick-fil-A’s Chief International Officer, stated that the local owner-operators are fostering impactful relationships by investing in the requirements of the neighborhoods where they will be catering to guests.

    Further International Expansion

    Hugh Park, who oversees operations in the Asia Pacific, revealed last year that the company is investigating various markets within Asia. Moreover, Chick-fil-A has set a goal to inaugurate five international outlets by 2030.

    In the previous year, Chick-fil-A had declared their intentions to open new restaurants in several UK locations, including Belfast, Leeds, Liverpool, and London.

    Questions & Answers

    When are the new Chick-fil-A outlets in Singapore and the UK scheduled to open?
    The Singapore branch is set to open later this year, following the successful pop-up event from last year. The UK outlet is expected to begin operations in Leeds this autumn.

    Who will be leading these new Chick-fil-A restaurants?
    The eateries in both Singapore and the UK will be managed by local owner-operators.

    What are Chick-fil-A’s future plans for international expansion?
    Hugh Park, who oversees the company’s Asia Pacific operations, mentioned last year that Chick-fil-A is exploring various markets within Asia. They aim to open five international locations by 2030.

  • Papa John’s Plans Major Indian Comeback: 650 Outlets In Next Decade Despite Market Challenges

    Papa John’s Plans Major Indian Comeback: 650 Outlets In Next Decade Despite Market Challenges

    Papa John’s International, a leading American pizza chain, has announced its intentions to re-establish its presence in India by October. The company has set an ambitious goal of opening 650 outlets across the nation within the next 10 years, despite the challenging landscape in which fast-food businesses find it difficult to maintain sustained sales growth.

    Papa John’s, ranking third worldwide in terms of pizza delivery, withdrew from the Indian market in 2017 due to unsatisfactory performance. However, this move parallels that of its American competitor, Little Caesars. The latter made its debut in India earlier in the year, with a plan to inaugurate approximately 100 establishments by the end of the decade.

    Re-entering the Indian Market

    The first Papa John’s outlet in the country is set to open in the southern city of Bengaluru, according to Vish Narain, managing partner at Pulsar Capital. This Indian investment firm, in association with the UAE-based PJP Investments Group, will serve as the joint master franchisees of Papa John’s in India.

    The pizza giant announced its plans to return to this intricate market back in April 2023. This decision comes at a time when fast-food chains are dealing with declining sales in India. Urban consumers, who form the primary customer demographic, are scaling back on expenditures due to sluggish wage growth and the burden of rising competition.

    Devyani International, one of the two Pizza Hut franchisees in India, is responding to this trend by shutting down underperforming outlets. Simultaneously, Sapphire Foods India, a smaller operator, is exercising caution with their expansion strategies.

    The Competitive Landscape

    The hurdle of competition is not one to be taken lightly. Papa John’s will have to contend with Domino’s Pizza, which boasts over 2,200 Indian outlets, Pizza Hut with around 950 stores, and upscale chains such as Pizza Bakery and PizzaExpress.

    However, Pulsar Capital seems optimistic about India’s long-term potential, mirroring the stance of consumer-facing companies like Hindustan Unilever, the maker of Dove soap, and brewery giant Heineken. Both companies continue to invest in India, banking on its massive population of 1.4 billion.

    “The fast-food category is under-penetrated, so we are many years away from saturation,” said Narain.

    Papa John’s aims to modify its pizza to cater to local taste preferences while also offering its signature dishes. This strategy aligns with the practices of other fast-food competitors. For instance, KFC offers a paneer zinger burger, Domino’s serves a chicken tikka pie, and Subway has a potato-patty sandwich on its menu.

    Questions & Answers

    When is Papa John’s planning to re-enter the Indian market?
    Papa John’s plans to re-establish its presence in India by October.

    Which city will be home to the first new Papa John’s outlet in India?
    The first new Papa John’s outlet in India will be opened in the southern city of Bengaluru.

    What is the projected number of Papa John’s outlets in India over the next decade?
    The company aims to open 650 outlets in India over the next ten years.

  • Youtube Sensation Mrbeast Burger Makes Singapore Debut In Partnership With Dignity Kitchen

    MrBeast Burger, a unique restaurant brand that operates solely through delivery services and was born out of a YouTube sensation, has made its debut in Singapore.

    The Debut

    The restaurant’s inaugural virtual spot in Singapore is launched in collaboration with Dignity Kitchen, a well-regarded food court renowned for its commitment to supporting and employing individuals with disabilities. The menu on offer includes their well-loved signature crinkle-cut fries along with various types of smashed burgers, all of which are available for island-wide delivery through platforms like Foodpanda, Grab, and the MrBeast Burger’s own website.

    Speaking about the partnership, Koh Seng Choon, founder and executive director of Dignity Kitchen, expressed pride in being the first to introduce MrBeast Burger in Singapore. Seng Choon also praised the brand’s unique blending of entertainment and social responsibility.

    The Partnership

    The restaurant’s successful entry into the Singaporean market was facilitated by its collaboration with Xolutions, a business that specializes in fostering connections within the food industry by aiding market entry and franchise development.

    Nichol Ng, CEO of Xolutions, spoke highly of the brand, stating that it represents more than just a burger joint. Ng described it as a smart, scalable opportunity for local kitchens to expand their operations while simultaneously delivering delicious, highly-desirable food to a younger demographic of food enthusiasts.

    The Origin

    MrBeast Burger was first introduced in 2020 by renowned American YouTuber Jimmy Donaldson, also known by his online alias MrBeast. His initiative, in conjunction with Virtual Dining Concepts (VDC), has successfully expanded to over 300 locations throughout the United States.

    In light of its successful launch, the brand has plans to establish more virtual restaurants in Singapore, with the aim of achieving this goal by the fourth quarter of this year.

    Questions & Answers

    What is MrBeast Burger?
    MrBeast Burger is a delivery-only restaurant brand that was created by popular YouTuber Jimmy Donaldson, also known as MrBeast.

    Where is MrBeast Burger’s first location in Singapore?
    The first virtual location for MrBeast Burger in Singapore is launched in association with Dignity Kitchen, a food court known for employing and supporting individuals with disabilities.

    What are MrBeast Burger’s future plans in Singapore?
    Following its successful launch, MrBeast Burger plans to continue its expansion in Singapore by opening more virtual restaurants across the country by the end of this year.

  • Smashburger Promotes Jim Sullivan To Ceo, Aims To Accelerate Franchise-driven Expansion

    Smashburger Promotes Jim Sullivan To Ceo, Aims To Accelerate Franchise-driven Expansion

    Fast-casual dining chain Smashburger has elevated Jim Sullivan to the position of CEO as part of its strategy to bolster its market standing and speed up its franchise-driven expansion.

    A Wealth of Experience

    The newly appointed CEO brings with him over two and a half decades of executive expertise in the restaurant development and franchising sector. Prior to his tenure at Smashburger, Sullivan held the position of Chief Development Officer at QDoba and executed senior roles at establishments such as CKE Restaurant Holdings, Friendly’s Ice Cream, Modern Restaurant Concepts, and American Hospitality Concepts.

    Starting his journey with Smashburger as president in February, Sullivan will now helm the brand’s strategy and operations. His focus will be on rebranding, introducing non-traditional formats, and enhancing the customer experience within the restaurant.

    Richard CW Shin, CEO of Jollibee Group International and global chief finance and risk officer of Jollibee Group, the parent company of Smashburger, commented on Sullivan’s appointment. He stated that Sullivan brings dynamic leadership and a well-defined vision, along with a profound understanding of Smashburger’s market position. Shin added that Sullivan has already set the groundwork for a leaner brand that offers superior food, an improved customer experience, and revitalised momentum throughout the system.

    Previous Achievements and Future Plans

    Sullivan’s promotion follows several initiatives he spearheaded, including the launch of the company’s biggest-ever marketing campaign, ‘Summer of Smash.’ He also introduced a new value tier and menu items like the Bacon Brisket Smash, and oversaw the recent opening of a new location at Detroit Metro Airport, marking a return to unit growth.

    Speaking on his new role, Sullivan expressed his vision for the brand. “Leveraging the strategic backing of JFC, we are focusing on scaling and operational flexibility to stimulate focused, capital-efficient growth,” he said. He added that Smashburger is a brand centered on craveable taste customized for the modern consumer. He affirmed his commitment to developing it for prolonged performance for their customers, teams, and franchisees.

    Questions & Answers

    Who is the new CEO of Smashburger?
    Jim Sullivan has been appointed as the new CEO of Smashburger.

    What are some of the initiatives led by Jim Sullivan at Smashburger?
    Some initiatives led by Jim Sullivan include the largest-ever marketing campaign ‘Summer of Smash,’ the introduction of a new value tier and menu items like the Bacon Brisket Smash, and the opening of a new unit at Detroit Metro Airport.

    What is Jim Sullivan’s vision for Smashburger?
    Sullivan’s vision for Smashburger is to leverage scale and operational flexibility, backed by strategic support from JFC, to drive a focused, capital-efficient growth. The brand will be built on craveable taste tailored for today’s consumer, aiming for long-term performance for its customers, teams, and franchisees.

  • South Korean Pizza Chain Gopizza Enters Malaysian Market Through Hextar Group Partnership

    South Korean Pizza Chain Gopizza Enters Malaysian Market Through Hextar Group Partnership

    GoPizza, a popular pizza chain based in South Korea, has finalized a master franchise contract with the Hextar Group, marking its debut in the Malaysian market.

    First Outlet Launch

    The company anticipates that the first Malaysian branch will be up and running either at the end of the third quarter or the beginning of the fourth quarter in 2021.

    GoPizza’s founder and CEO, Jay Lim, expressed his trust in the Hextar Group as a robust partner to facilitate the introduction of GoPizza in Malaysia. He expressed his excitement about the future collaboration with the Malaysian group.

    Hextar Group’s Partnerships

    The Hextar Group is not new to partnerships with international brands. They also partner with Luckin Coffee, a reputable coffee company from China. This has significantly boosted their portfolio in the food and beverage industry.

    GoPizza’s Rapid Growth

    GoPizza’s development has been swift and impressive, especially with its recent expansion into over 200 GS25 convenience store locations throughout South Korea last year. This followed a successful pilot program at GS25 The Gwan-Ak branch in Seoul, further solidifying their foothold in the market.

    The brand initially launched as a food truck and earned a reputation for its quick, personal-sized pizzas, ready in less than five minutes. The company now operates more than 1,200 outlets in various countries including South Korea, India, Singapore, Indonesia, and Thailand.

    Questions & Answers

    What is the origin of GoPizza?
    GoPizza originated as a food truck in South Korea, where it quickly gained fame for its personal-sized pizzas that are ready in under five minutes.

    What countries does GoPizza currently operate in?
    GoPizza currently has more than 1,200 outlets in South Korea, India, Singapore, Indonesia, and Thailand.

    What is the significance of GoPizza’s partnership with the Hextar Group?
    The partnership with Hextar Group marks GoPizza’s expansion into the Malaysian market. This collaboration will help introduce the GoPizza experience to a new audience and further its growth in the food and beverage sector.

  • Jollibee Group Unveils Global Expansion Plan With Comprehensive Rebranding Strategy

    Jollibee Group Unveils Global Expansion Plan With Comprehensive Rebranding Strategy

    Jollibee Foods Corporation (JFC) has recently undergone a rebranding effort, now going by Jollibee Group, with an eye on further global expansion.

    Rebranding for Global Growth

    Despite retaining its legal entity as JFC, the firm has announced that this comprehensive rebranding will encompass a new visual identity, a simplified brand hierarchy, and harmonized naming across all business divisions. The objective is to further fortify the company’s global footprint and enhance its brand value.

    Jollibee Group’s global president and CEO, Ernesto Tanmantiong, explained the reasoning behind this significant move: “Our fundamental aim is to bring joy through superior flavor. This purpose is the driving force behind our innovation, it shapes our customer promise, and it propels our momentum forward.”

    Unveiling the New Identity

    The introduction of the fresh identity took place during internal events, such as the supplier summit and the annual stockholders’ meeting, which were attended by employees and partners. The company is currently deploying this new identity through global media channels and corporate communications.

    Tanmantiong further added, “As we expand globally, we’re not only extending our reach, but also establishing a company that is not only known for business success but also for the joy and quality we bring to people’s lives.”

    Jollibee Group currently has a strong presence in 33 countries, with over 9000 outlets, including locations in the US, the Middle East, and Southeast Asia. Its diversified portfolio includes well-known brands such as Tim Ho Wan, The Coffee Bean and Tea Leaf, Jollibee, Chowking, Greenwich, Red Ribbon, and Mang Inasal.

    Questions & Answers

    What is the main reason for Jollibee Group’s rebranding?
    The main reason for the rebranding is to position the company for further global expansion and enhance its brand value.

    How was the new identity introduced?
    The new identity was introduced during internal events including a supplier summit and the annual stockholder’s meeting. It is now being introduced through global media and corporate communications.

    How many stores does Jollibee Group operate and in how many countries?
    Jollibee Group currently operates more than 9000 stores across 33 countries, including the US, the Middle East, and Southeast Asia.

  • Popeyes Expands In The Philippines: New Franchising Program Launched Amid Record-breaking Performance

    Popeyes Expands In The Philippines: New Franchising Program Launched Amid Record-breaking Performance

    Popeyes, the renowned American fast food brand, has initiated its franchise program in the Philippines. This move comes in the wake of the country’s stellar performance, making it the leading global market for Popeyes in terms of transactions, as reported by the company’s parent organization, Restaurant Brands International (RBI).

    Franchising: The Logical Next Step

    Dustin Ngo, the Managing Director for Popeyes Philippines, expressed his views on the new franchising initiative. According to Ngo, franchising was the logical next phase in the company’s growth trajectory. He lauded it as a lucrative investment opportunity that aligns perfectly with Popeyes’ expansion plans over the next three years.

    Franchise investment for a 1000sqm drive-thru store varies between PHP$45 million and $50 million, equivalent to US$793,000 to $800,000. The investment package encompasses construction, equipment, training, and a 10-year franchise fee. The continued costs include an 8 per cent royalty and a 5 per cent advertisement fee, calculated based on sales.

    Comprehensive Support for Franchise Partners

    RBI, along with the local team, will offer comprehensive support to ensure a smooth and efficient setup and operation for the franchise partners. The objective is to make the operation of Popeyes franchises as hassle-free as possible.

    Dan Hayton, the Chief Operating Officer of Popeyes Philippines, further elucidated this point. He expressed the company’s desire for franchise partners to run their Popeyes franchise effortlessly, with the operation starting up as easily as turning a key.

    Questions & Answers

    What is the investment range for opening a Popeyes franchise in the Philippines?
    The investment for a 1000sqm drive-thru store ranges from PHP$45 million to $50 million (US$793,000 to $800,000), which includes costs for construction, equipment, training, and a 10-year franchise fee.

    What are the ongoing costs for a Popeyes franchise?
    The ongoing costs include an 8 per cent royalty and a 5 per cent advertisement fee, calculated based on sales.

    What kind of support does Popeyes provide to its franchise partners?
    Popeyes, in collaboration with RBI and the local team, provides comprehensive end-to-end support. The focus lies on ensuring a fast setup and operational efficiency for the franchise partners.

  • Cafe Deco Pizzeria Refreshes its Elements Branch with a More Expansive Ambience and Convivial Menu

    Cafe Deco Pizzeria Refreshes its Elements Branch with a More Expansive Ambience and Convivial Menu

    CAFE DECO PIZZERIA, the home of deliciously thin, light and crispy pizza and eclectic pan-European dishes, unveils a fresh and inviting new look at ELEMENTS in West Kowloon. The popular casual-dining venue managed by Cafe Deco Group offers a sleeker, more contemporary Italian vibe and additional seating for those seeking the house-signature thin-crust pizzas that have delighted locals and visitors for two generations. This revitalised space continues the legacy of Cafe Deco at the Peak, renowned for its stone-oven pizzas in the 1990s.

    Spanning more than 2,100 sq. ft, the pizzeria now accommodates 118 diners in welcoming contemporary interiors with calming neutral tones and wood accents. Pizzas are made to order with premium Caputo ‘00’ Pizzeria Flour, sun-ripened seasonal tomatoes and textured mozzarella from Italy, and baked in a state-of-the-art Wood Stone oven that reaches perfect temperatures for enhanced flavours and a crispy finish.

    In addition to its delectable pizzas, the menu features flavourful comfort food, taking diners on a journey from Italy to Europe and beyond. With tempting starters, nourishing soups, hearty main courses, and decadent desserts, complemented by an everyday happy hour, it is the perfect haven for family gatherings and get-togethers with friends.

    To mark its reimagined space, CAFE DECO PIZZERIA introduces new delicacies that are set to become firm favourites with lively diners looking to share. Trio Pork BBQ Pizza (HK$188) is an ideal summer meaty feast featuring sausage, ham, bacon and an elevated barbecue sauce that evokes the sizzle of country-park family outings. New starters include delectable Baked Garlic Flat Bread (HK$68), moreish Truffle Fries (HK$88) and Squash & Parmesan Croquettes (HK$98), a cheesy treat with pumpkin and lemon aioli. Japan’s savoury pancake brings a new twist to the street-food-inspired Okonomiyaki Corn Ribs (HK$98), dressed with bonito, sesame and seaweed.

    New mains include Grilled Togarashi Spring Chicken (HK$228), featuring tender half chicken with chilli-pepper togarashi seasoning, served with baby carrot, kale, orange and red onion. Blue Mussel (500g, HK$198) showcases sweet Australian mussels in a creamy herb sauce, perfect with garlicky toast. The dessert menu now offers four tempting options at HK$78 each, starring all-time favourites Fresh Strawberry, Mascarpone Cream and Banoffee Delice.

    Smoked Tuna Belly with Free Range Egg (HK$198) is the headlining pizza of the house, with gorgeous gooey, yolky egg highlighting a rich topping of tuna, shiitake, salmon roe, edamame, sakura shrimp and teriyaki eggplant paste. A premium surf and turf offering of M6 Wagyu Beef & Prawn (HK$208) with asparagus and capsicum; and Seafood Supreme (HK$198) embracing fresh seaside aromas and flavours of scallop, shrimp, crab meat, cuttlefish and mussel are other must-order pizzas.

    Beef Tartare (HK$168) with truffle cream on a toasted baguette; Roasted Octopus (HK$168); Garlic Prawn (HK$128) with a chilli kick served with sourdough; and House Spiced Chicken Wing (HK$108) stand out among the appetiser selections.

    Chef’s pasta recommendations include Tiger Prawn Linguine (HK$198) in a rich lobster cream sauce, the classic Linguine Alle Vongole (HK$178) with clams, white wine butter sauce, chilli and parsley, and Italian Sausage Rigatoni (HK$172) with pancetta, tomato cream, parmesan and a healthy crunch of kale and pea. The beloved Braised Pork Belly & Pumpkin Risotto (HK$178) features generous chunks of pork belly and roasted pumpkin, with kale, hazelnut and pumpkin seeds.

    Carnivores will enjoy the juicy USDA Black Angus Ribeye Steak (300g, HK$388) served with fries, roasted wild mushrooms and garlic herb butter; Slow-cooked Pork Rack (HK$248) is paired with tangy braised red wine cabbage, silky potato purée and caramelised apple; and an attractive Wagyu Beef Burger (HK$182) has all the expected accompaniments.

    Delicious new arrivals and house specials are available in Combo Sets for sharing on Saturday, Sunday and public holidays – choose 1 snack, appetiser and main for 2 people at HK$458, or 2 of each for HK$928 for 4 diners. Coffee or tea is included, with upgrades to speciality drinks for HK$18 each or HK$30 for a glass of house wine, Prosecco or a cocktail or mocktail. Dinner Sets are priced at HK$598 for 2 and HK$1,198 for 4, offering great value for weekday indulgence after 6:00 p.m. (excluding public holidays). Lunch Sets, served from 12 noon to 3:00 p.m., start at HK$128 per person and comprise a starter and a main, with dessert at 50% off.

    The beverage menu has been refreshed, featuring vibrant cocktails and mocktails ideal for summer. Priced at HK$82 each, premium cocktails are crafted in-house, including the tropical The Enchanted Garden with white rum, peach liqueur, coconut water, butterfly pea tea and lemon juice. The Darker Secret combines gin with hibiscus and lemon, while The Belly Button mixes vodka, apple juice, lemon juice and kiwi.

    Mocktails (HK$72 each) are equally imaginative, such as Bed of Roses, a blend of jasmine tea, butterfly pea tea and coconut water with a milky head and edible petals. Tuscan Afternoon combines green grape pulp and cranberry juice with lemon and rosemary, while Mango & Orange Nojito boasts fresh fruits and mint leaves. Happy Hour enlivens each day with rotating promotions.

    Gelato Milkshakes (HK$78) are house signatures made with premium Bonne Nature gelato, featuring rich Valrhona chocolate and flavourful Adamance fruit purées. Topped with cream and colourful accents, flavours include Chocolate with Guanaja 70%, Strawberry using wild strawberry purée, and White Chocolate Lotus Biscoff combining Dulcey 35% and caramelised biscuit.

  • KFC drives strong annual growth for Collins Foods

    KFC drives strong annual growth for Collins Foods

    The Australian expansion of KFC and Taco Bell drove a 20.3 per cent increase in net profit to $39.1 million for Collins Foods Limited in fiscal 2019.

    The food retailer, which reported its full-year earnings on Tuesday, said revenue was up 16.9 per cent on last year, at $901.2 million, thanks to KFC’s strong growth in all states, with 3.7 per cent same-store sales growth.

    “Over the past 12 months we have consolidated our position as the largest KFC operator in Australia, with initiatives around digital and delivery expected to drive further growth,” Collins Foods’ managing director and chief executive Graham Maxwell said.

    “Our focus on operational initiatives across our brands has underpinned another record result, with revenue now over $900 million and underlying EBITDA of $113.7 million.”

    According to Maxwell, KFC’s result in Australia was driven by increasing transactions and efficiencies, which led to an EBITDA increase of 20.9 per cent to $120 million.

    Additionally, the business has grown its delivery capacity through meal-delivery apps Deliveroo and Menulog, with 64 restaurants nationwide now supporting the services.

    Seven new restaurants were built and opened during the financial year, while two were closed.

    Collins Foods’ Taco Bell rollout in Australia continues to gain traction, Maxwell said, with the brand trading in line with expectations.

    “We have now successfully opened four Taco Bell restaurants in Queensland, and continue to work on developing the pipeline for sites, with 10 restaurants planned for opening before the end of the year, including the planned entry into Victoria in early 2020,” said Maxwell.

    Continuing the scaling down of its Sizzler business in Australia, Collins Foods shuttered a total of two restaurants in FY19, bringing the total number of locations to 12.

    Sizzler same-store sales grew 4.4 per cent in FY19, compared to the 0.5 per cent decline the chain faced in FY18.

    What’s next?

    Looking toward FY20, Maxwell noted the group would continue to focus on executing its operational, delivery and digital initiatives to drive value for customers and shareholders alike.

    “In our KFC Australia business, we are focused on further expanding the delivery network, rolling out and testing digital initiatives such as digital board implementation for drive-thrus, and further strengthening operational systems,” Maxwell said.

    Additionally, the group plans to increase the amount of new KFCs being built, from approximately nine in the year, to approximately ten, as well as the ongoing store refurbishment initiatives.

    “Our rollout of the Taco Bell brand in Australia will gain pace during FY20, with further restaurants to be opened in Queensland and the entry into Victoria in early 2020,” Maxwell said.

    “We intend to complete 10 new restaurant builds by the end of the year, and we remain focused on operational performance to ensure business model returns are delivered.”

  • CITIC Offloads McDonald’s Stake

    CITIC Offloads McDonald’s Stake

    CITIC has plans to sell a 22 percent stake in McDonald’s Chinese mainland and Hong Kong business to its parent group’s private equity arm.

    The main listed arm of the Chinese state-owned CITIC Group, CITIC Ltd., will aim to raise at least 2.17 billion yuan, according to a report citing a Beijing bourse filing.

    The report also underlined CITIC Capital, the group’s alternative investment arm, as the likely buyer of the stake, adding to its $26 billion in assets already under management. Finalization of the deal is earmarked for early February, one of the sources added.

    McDonald’s said that strategy and daily operations at its mainland and Hong Kong business would be unaffected by the deal. CITIC also provided assurances, noting that the deal was a purely «commercial decision» and that it would continue cooperation with McDonald’s business in China.

    CITIC will be selling the 22 percent stake through Fast Food Holdings Ltd., a holding firm set up with CITIC Capital to hold the combined 52 percent stake of McDonald’s mainland and Hong Kong business. Following the deal, CITIC Ltd. will still hold 10 percent of the regional McDonald’s business.

  • Jollibee Becomes Brunei’s No.1 Fastfood Chain

    Jollibee Becomes Brunei’s No.1 Fastfood Chain

    Chargé d’ Affaires, a.i Pete Raymond V. Delfin of the Philippine Embassy in Brunei Darussalam met with Jollibee Foods Corporation Assistant Vice President Rodel F. Alcantara, and Jollibee Country Head Christina R. Ward at the Embassy on 10 August 2018.

    Mr. Alcantara and Ms. Ward paid a courtesy call on Chargé d’ Affaires Delfin to share information on the recent activities being undertaken by Jollibee Brunei.

    The two executives discussed the positive business experiences of Jollibee in the country, having become the no. 1 fastfood chain in Brunei. Mr. Alcantara also said Jollibee’s operation in Brunei is currently the strongest among its international operations.

    Chargé d’ Affaires, a.i. Pete Raymond V. Delfin, during his meeting with Jollibee Foods Corporation Assistant Vice President and Market Head Rodel F. Alcantara, and Jollibee County Head Christina R. Ward at the Philippine Embassy in Brunei Darussalam on 10 August 2018.

    Mr. Alcantara delivered an invitation for Embassy officials to grace the opening of the 17th Jollibee store in Brunei in October 2018.

  • Shakey’s Pizza Sets Ambitious Goal: 430 New Locations Planned for 2025 Expansion

    Shakey’s Pizza Sets Ambitious Goal: 430 New Locations Planned for 2025 Expansion

    Shakey’s Pizza Asia Ventures Inc. (SPAVI) is on a sizeable growth trajectory, aiming to launch an impressive 430 new stores this year. Following the first quarter, the company reported a global total of 2,671 stores, buoyed by the addition of 52 outlets primarily under the popular Potato Corner brand.

    Since Q1 2024, SPAVI has expanded its footprint with 439 new openings, including 130 international locations, bringing its overseas branches to nearly 20% of its total network. This push means more pizza lovers can enjoy their slices far and wide!

    During the first quarter, SPAVI announced a net income after tax of PHP182 million—a tantalizing 6% increase from the previous year. Same-store sales also saw a positive uptick, growing by 2%, or an adjusted 4% considering the leap year and the early Easter holiday in 2024. The company has also rolled out its 50th anniversary campaign, which aims to attract even more customers as they celebrate this milestone.

    Looking ahead, SPAVI remains optimistic about reaching its ambitious targets for double-digit revenue and profit growth by 2025. One can almost hear the pizza ovens heating up in anticipation!

    Questions & Answers

    What is the total number of stores SPAVI plans to open this year?
    SPAVI is poised to open 430 new stores in 2024.

    How much was the net income after tax for Q1 2024?
    The company reported a net income of PHP182 million for the first quarter.

    What percentage of SPAVI’s network is made up of international branches?
    International branches now account for nearly 20% of SPAVI’s total store network.