International

Luckin Coffee's value plunges after admitting to potential US$300m fraud

Billions were wiped off from its market capitalisation.

Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption

But it assured investors that it is seeing “signs of recovery”.

SSP Group forecasts February revenue hit of up to £12m due to COVID-19

The group observed sharp declines in air passenger numbers in Asia Pacific.

Weekly Global News Wrap: Yum! Brands' latest sustainability move; Wendy's joins the U.S. breakfast wars; Doordash readies IPO

Here is a summary of the most interesting QSR news stories of the week from around the world.

Yum China's same-store CNY sales down almost half amidst COVID-19 outbreak

The restaurant operator has also introduced contactless delivery services amidst slumping dine-in traffic.