First Shell Café in India launches in Bengaluru
British oil and gas major Shell has forayed into the Indian restaurant segment with the launch of a sit-down restaurant…
03 Feb 2023
Starbucks reports 8% increase in consolidated net revenues in Q1 2023
Starbucks Corporation has reported consolidated net revenues of $8.7bn in the first quarter (Q1) of fiscal year 2023, a jump of 8% compared with the prior year's quarter. Its net…
03 Feb 2023
Restaurant aggregator Zomato ceases operations in Philippines
India-based food delivery platform Zomato has closed its operations in the Philippines after operating for almost a decade in its first overseas market in Southeast Asia. The restaurant aggregator entered…
02 Feb 2023
British pub group Stonegate plans to offload 1,000 pubs
Britain’s largest pub group Stonegate, owner of the Slug and Lettuce and Be At One brands, is looking to sell 1,000 pubs in order to pay its £2.6bn debt pile,…
02 Feb 2023
US restaurant tech firm Chowly acquires guest experience platform Koala
Restaurant technology company Chowly has acquired the guest experience platform Koala for an undisclosed sum. Koala’s platform has been designed to help both established and emerging restaurant brands enhance their…
01 Feb 2023
Dine Brands opens dual-brand location in UAE
The Dine Brands Global affiliate of Dine Brands International has launched a dual-brand Applebee’s and IHOP location in the United Arab Emirates (UAE). Through a partnership with franchisees Eagles Landing…
01 Feb 2023
McDonald’s reports decrease in consolidated revenue in Q4 2022
McDonald’s has reported $5.9bn in consolidated revenue in the fourth quarter (Q4), which ended 31 December 2022, representing a 1% decrease compared to consolidated revenue of $6bn in the same period…