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Pizza Hut Indonesia franchiser plans IPO

Dec 11, 2017  | 

The company that runs Pizza Hut Indonesia plans an IPO that could raise as much as US$150 million. Sriboga Raturaya has taken on advisers for a listing of its foodservice and restaurant franchising unit, which also

FPT Digital Retail set to launch IPO

Dec 8, 2017  | 

FPT Digital Retail is set to launch an IPO on the Ho Chi Minh City Stock Exchange on Friday week, says the Vietnam News. Details of the IPO pricing have not been disclosed, but the retail arm

US fast food chain spots potential in Australia

Dec 8, 2017  | 

Is Australia ready for the melted sandwich? The directors of US franchise chain Melt Shop certainly believe so. Australia is one of the brand’s targeted overseas markets. “Australia is exciting and filled with potential. With the

T2 opens flagship on Tmall

Dec 8, 2017  | 

Tea retailer, T2 Tea, has opened a flagship on Alibaba’s cross-border marketplace Tmall, as Chinese consumers appetite for international brands increases. Both companies said the deal aligned with their strategies to capitalize on cross-border e-commerce opportunities.

Quick brand swap sees Llaollao out and Yole in

Dec 8, 2017  | 

Spanish frozen yogurt chain Llaollao closed yesterday, being replaced by another European brand, Yole. D+1 Holding, the master franchisee of Ilaollao in Singapore, has not revealed why it has discontinued with the brand. However, the company

Toridoll buying up rival noodle chains

Dec 5, 2017  | 

Two rival noodle franchises in Hong Kong could be about to merge, thanks to Japanese noodle-maker Toridoll. It has plans to buy Tam Jai Samgor Mixian for an undisclosed amount, after paying ¥15 billion (US$133 million) to

World’s largest Starbucks Reserve Roastery to open in Shanghai

Dec 5, 2017  | 

The world’s largest Starbucks Reserve Roastery opens in Shanghai tomorrow, a store the company also describes as its “most beautiful”. At 2700sqm (nearly 30,000sqft) the store is twice the size of the Seattle Starbucks Reserve Roastery

FamilyMart to launch Fit & Go 24hr gyms

Dec 5, 2017  | 

Japan’s FamilyMart is about to launch a fitness club chain, Fit & Go. Like its convenience stores, the gyms will be open 24 hours a day. Around-the-clock gyms have been growing in popularity in Japan, mainly

Crowds form as Gong Cha returns to Singapore

Dec 5, 2017  | 

The snaking queue outside the Gong Cha Singapore outlet at SingPost Centre on Dec 1, 2017. (Photo: Gaya Chandramohan) SINGAPORE: Excitement was high for bubble tea chain Gong Cha’s return to Singapore after a hiatus of

Vietnam retail sales will nudge US$2 trillion

Nov 30, 2017  | 

Vietnam retail sales will exceed US$484.58 billion annually by 2025 and nearly $1.938 trillion by 2035 according to figures from the Ministry of Industry and Trade. In a draft strategy document released for public comment, the