QSR
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McDonald’s hits 400-store milestone in India with new outlet at Hyderabad Airport
McDonald's, the American fast-food chain, has achieved the milestone of 400 stores in India, according to a recent social media post by an industry...
Retail sales mark 4% YoY growth in April 2024: RAI Survey
Retail sales in April 2024 surged by 4% compared to the sales levels during the same period in April 2023, as revealed by the...
CYK Hospitalities strengthens its leasing portfolio for QSR brands
CYK Hospitalities, an end-to-end F&B consultancy firm, has announced notable strides in reinforcing its leasing portfolio for Quick Service Restaurant (QSR) brands in the...
Devyani International forms JV with PVR Inox to develop food courts in malls
Devyani International, the operator of well-known quick service restaurants (QSRs) like KFC and Pizza Hut, established a 51:49 joint venture with cinema operator PVR...
Fast-food chains pin hopes on gradual demand recovery amid soft market conditions
The fast-food industry faced significant underperformance in the previous fiscal year. Following a strong performance in fiscal 2022 and the first half of fiscal...
KFC Malaysia temporarily closes outlets, citing economic challenges
KFC Malaysia has decided to temporarily shut down its outlets across the country, attributing the move to challenging economic circumstances. This decision follows reports...
India’s QSR sector set to soar to USD 38.71 Billion by 2029, but non-compliance threatens growth trajectory
With India's food industry experiencing remarkable growth, the Quick Service Restaurant (QSR) sector is expected to achieve a significant milestone, reaching USD 38.71 billion...
Third Wave Coffee’s FY23 losses soar, nearly quadruple to INR 55 Cr despite surge in sales
Third Wave Coffee Roasters, a Bengaluru-based QSR coffee chain, saw its losses nearly quadruple in the financial year ended on March 31, 2023. The...
Magicpin to expand workforce with 250 new hires over next 6 months
Magicpin, a hyper-local e-commerce company, plans to hire over 150 professionals for its sales and acquisition team, as well as 100 people for the...
Wow! Momo secures INR 70 Crore funding boost from Z3Partners to fuel expansion and R&D efforts
Wow! Momo, a renowned quick-service restaurant chain based in Kolkata, has secured INR 70 crore ($8.3 million) in funding from the indigenous investment firm...
Nothing Before Coffee expands with first cafe in Portugal, aims for 400 outlets in 2 years; targets INR 400 Crore revenue
Nothing Before Coffee (NBC), a leading coffee chain based in Jaipur, has announced its expansion into the global market with the opening of its...
Impresario eyes aggressive growth: Plans to add 10-15 ‘Social’ outlets annually, targets tier-2 cities
Impresario Entertainment and Hospitality, the company behind the restaurant chain 'Social', is aiming to establish 10 to 15 new brand outlets annually, particularly targeting...