Page 3 - Kfc

US companies are picky about investing in China except fast-food chains

American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month

US companies picky about investing in China, but keen on burgers, lattes

There's been no shortage of tough news for China's economy as some of the world's biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington. Count Adidas, Apple and Samsung among those looking elsewhere. But as a tumultuous 2023 for the Chinese economy comes to a close, there has been at least one bright spot for Beijing when it comes to foreign investment: American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month and aims to have stores within reach of half of China's population by 2026. McDonald's is planning to open 3,500 new stores in China over the next four years. And Starbucks invested $220 million in a manufacturing and distribution facility in eastern China, its biggest project outside the U.S. This is surely not wh

Thai acquisition offers additional growth engine for Devyani International

Indian QSR chain expands international presence by buying firm that runs KFC outlets in Thailand

India KFC operator Devyani International enters Thailand with $129 mn deal

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 million, expected to be completed by March 2024.

Devyani International posts 43% drop in Q2 profit amid rise in raw material

Consolidated net profit fell to Rs 33.35 crore ($4.01 million) for the second quarter ended September 30, from Rs 58.76 crore a year ago

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

KFC system sales growth jumps 22% in June for India, partner countries

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Rising costs eat away KFC operator Sapphire Foods India's Q1 profit

India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price

Yum! Brands reported 25% system sales growth in India in Jan-March quarter

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Sapphire Foods to increase stake in Maldives-based GFIPL from 51% up to 75%

Sapphire Foods India Ltd (SPIL) on Tuesday announced to increase its stake in GIFPL to 75 per cent from the current 51 per cent Gamma Island Food Private Ltd (GIFPL) operates Pizza Hut and KFC restaurants in Maldives under franchisee agreements. "The Board of Directors of Gamma Pizzakraft (Overseas) Pvt Ltd (GPOPL), wholly-owned subsidiary of SPIL, has considered and approved subscription of upto 81,914 Equity Shares of GIFPL, subsidiary of GPOPL and step-down subsidiary of the Company, for a total consideration of upto 1.88 crore Maldivian Rufiyaa (Rs 10.15 cr)," it said. SPIL further added, "Pursuant to this proposed acquisition, the equity shareholding of GPOPL in GIFPL will be increased from the existing 51% up to 75%." "The proposed acquisition is by way of subscription to the additional equity shares issued by GFIPL to GPOPL, in one or more tranches, pricing of which is based on a chartered accountant report," it said. SFIL is one of the largest franchisees of Yum! Brands In

Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr

Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction. Devyani International is an omnichannel restaurant and the largest franchisee of Yum Brands in India. According to bulk deal data available with BSE, Dunearn Investments (Mauritius) Pte Ltd offloaded 2,63,29,516 shares, amounting to a 2.18 per cent stake in the company. The shares were sold at an average price of Rs 183.11 apiece, taking the transaction value to Rs 482 crore. However, the buyer(s) of the shares could not be ascertained. Dunearn Investments, a public shareholder in Devyani International held an 8.13 per cent stake in the quick service restaurant operator at the end of the June quarter, shareholding data with the exchange showed. Shares of Devyani International closed 5.20 per cent down at Rs 185.85 on BSE.

Devyani International tanks 7% after over 2% equity traded via block deals

At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.

Analysts take a bite of premium QSR stocks as restaurants hike prices

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

Ahmedabad: Bajrang Dal stages protest at eateries, Hyundai, Kia showrooms

'They should issue an apology saying that Kashmir is an integral part of India, only then we will forgive them,' Jvalit Mehta, North Gujarat convener of Bajrang Dal told ANI

Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months

On Wednesday, December 8, 2021, the brokerage firm Motilal Oswal Financial Services initiated coverage on Devyani with a Buy rating and target price of Rs 190.

Paytm vs Sapphire Foods: Which IPO is better for listing gains?

The parent firm of Paytm has launched India's biggest IPO. And the owner of Pizza Hut and KFC is opening its IPO today. Both these companies are loss-making. So, what should investors do?

TMS, Ep 38: Diwali for theatres, satellite broadband, Paytm-Sapphire IPOs

Does Diwali glitter mean turnaround for the Indian film industry? Will satellite broadband bridge India's digital divide? What is digital gold, and should you invest in it? Get all the answers here

Sapphire Foods raises Rs 933 crore from anchor investors ahead of IPO

Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, on Monday said it has raised Rs 933 crore from anchor investors ahead of its IPO rollout on Tuesday. The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website. Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, ICICI Prudential Life Insurance Company, Bajaj Allianz Life Insurance Company and Sundaram Mutual Fund (MF) are among the anchor investors. The initial public offering (IPO) will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Ameth

KFC operator Sapphire Foods sets IPO price band of Rs 1,120-1,180/share

The IPO will be entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.

KFC, Pizza Hut operator Sapphire Foods' IPO to open on Nov 9

The initial public offering (IPO) will conclude on November 11