“There are many more opportunities for expansion. For Starbucks, we plan on continuing our expansion into smaller towns, highways and neighbourhoods. As for Kenny Rogers, SALA and our other brands, we will continue our focus on smaller-format stores in prime locations with lower overheads,” BFood chief executive officer Datuk Sydney Quays tells StarBizWeek.
IT is no secret that the cost of dining out has risen. Channel checks show that some restaurants have raised prices by about 30%, as they face supply chain constraints and inflationary pressures.
Inflation impacts restaurants in many ways, but it hits them the hardest when it comes to basic food items. Note that the government has intervened to place ceiling prices for some basic food items such as chicken.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
