Everstone Capital may sell its entire 11.26 per cent stake in Restaurant Brands Asia, Reuters reported
Under the deal, Restaurant Brands Asia will get a new strategic investor, said the two sources, who declined to be named as the matter is confidential
PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.
GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most
Restaurant Brands Asia shares rose 5 per cent after its June-quarter loss narrowed compared to the same period last year