Yum China: appoint Huang jinshuan as the first chief customer officer and Wang Tao as the general manager of KFC

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Anjoy Agrees to Acquire 60% of Singapore’s IFC for US$30.5 Million

Anjoy Foods Group (安井食品) has agreed to acquire 60.0005% of Singapore-based International Foodgnostics Corporation Pte. Ltd. (IFC) for US$30.47 million in cash. The proposed acquisition would add frozen bakery capabilities and operations in China, Singapore and Malaysia.

Robam and Controlling Shareholder Plan Up to CNY 1.3 Billion to Fund iTronics Acquisition

Hangzhou Robam Appliances (老板电器) and its controlling shareholder plan to contribute up to CNY 1.3 billion to fund the proposed acquisition of 60% of iTronics Holding Limited, expanding the kitchen-appliance maker’s access to North American and European sales channels. Robam’s board approved the funding proposal on October 9; shareholder approval and completion remain pending.

YUMC: Digital Order and Food Delivery Business Boosts Sales in 3Q 2020

Yum China performed well in the third quarter as the catering industry was still working its way through a trough.

YUMC's Revenue Down 11% YoY in 2Q2020, of Which KFC Falls 10%

"Although the COVID-19 has brought uncertainty to the company's business, YUMC's footprint is expanding," said Joey Wat, the CEO of YUMC.