Tag - Restaurants

Eateries shortening hours

Operators struggle with slower business, fewer customers PETALING JAYA: Some restaurants and eateries have been rolling down their shutters earlier following cost and patronage concerns. Besides a slower business, they said not many people were eating out after hours, making it uneconomical to keep their shops open till midnight and beyond. The shorter operating hours are also in...

McDonald’s ups stake, mulls more restaurants

Beijing: Fast-food giant McDonald’s Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. McDonald’s on Monday agreed to raise its stake from 20% to 48%. It will buy additional shares from global investment firm and its strategic partner Carlyle, which operates and...