fast-food chain maps strategy for growth
Article Abstract:
Cafe de Coral Holdings opened 13 outlets between April and September 1998. The company expects to draft up a five year expansion plan by the end of 1998. The company also set up 4 institutional catering restaurants between April and September. It also acquired Scanfoods Group in October which produce and distribute ham. It will continue to focus on above activities. It has no plan to reduce outlets in China. Instead, it launched a trial plan of franchised fast food outlets in Foshan.
Comment:
Opens 13 outlets between April and September 1998 and expects to draft up five year expansion plan by end of 1998
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Catering firm suffers as demand falls away
Article Abstract:
Restaurant and bakery operator Hong Kong Catering Management posted a net profit of HK$62.58 mn for the year ended 31 March 1998, down 12.1% from last year. Turnover totalled HK$1.24 bn, up 4.42%. During the period, the company recorded a HK$5.5 mn exceptional loss as a result of a write-off of pre-operating expenses incurred in setting up a bakery plant in Shanghai which was later abandoned. *
Comment:
Posts net profit of HK$62.58 mil for year ended 3/31/98, down by 12.1% as compared from net profit registered in 1997
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: kowloon rezoning for more housing call to rsume land sales 62 objections to planned reclamation
- Abstracts: China utilizes its banks, choosing growth over reform. Yuan devaluation would pose risks for China. BankBoston's plan for paper film sidesteps fear of risks
- Abstracts: TZ re-starts production at a rented rolling mill Vitkovice has succeeded in Sweden. Nova Hut
- Abstracts: Unicopa confirme son redressement avec des rsultats en forte progression en 1997 Pol mique avec Pernod-Ricard sur l'emploi des mots brandy arm nien et Cognac
- Abstracts: Le march des produits laitiers volue tr s vite au niveau mondial Boncolac-Pilpa/