Mom's Touch to enter Kazakhstan through local food conglomerate
Korean burger and chicken chain Mom’s Touch will enter Kazakhstan, expanding its presence in Central Asia after entering Uzbekistan last year, the company said Monday. Mom’s Touch said it signed a master franchise agreement with Mom’s Touch Central Asia LLP, the restaurant arm of Kazakh food company Shin-Line Group. Under such agreements, a local partner gains the rights to open and operate stores and to sub-franchise in a given territory. The two companies aim to open more than 50 stores over the next 10 years. The first store is targeted for the first half of next year. The deal also covers neighboring Kyrgyzstan. Mom’s Touch said it will first establish the brand in Kazakhstan, Central Asia’s largest economy, and then gradually consider entering nearby markets. Founded in 1995, Shin-Line is Central Asia’s top ice cream maker, with a market share of more than 40 percent across the region. It exports to about 10 countries of the Commonwealth of Independent States, a grouping of former Soviet republics, through its own cold-chain logistics network. It also operates more than
Read full articleMORE NEWS
Smith fit to play deciding Test
Steve Smith is fit to play the third and deciding Test match in South Africa, as Cameron Green eyes a comeback.
Gift articles to your friends with our new subscriber feature
Here’s how to share subscriber-only articles with your network.
‘One way or the other’: Trump’s threats send oil prices surging
The flow of oil through the Strait of Hormuz has returned to something close to pre-war levels but prices continue to rise. Trump is a big reason why.
Gunmen on the run after Logan shooting
At least two attackers are on the run after a drive-by shooting in Logan, Queensland.
‘Make sure you don’t talk’: Recorded conversations with Lamarre-Condon played in court
A series of conversations between the former NSW police officer and a friend after his arrest have been played at the double murder trial.
Millions of Aussie households going hungry
A new report shows 3.6 million Australian households are going hungry due to the rise in the cost of living.
A bullet on the windscreen and a firefighter’s old badge number: The ‘death threat’ against a Victorian minister
The word “RAT” was etched into the gold metal casing. Even more chilling was a message on the other side.
Strong iPhone Duo demand reportedly prompts Apple to increase orders by 44%
The iPhone Duo reportedly saw stronger-than-expected pre-orders in several major markets, prompting a significant increase in production orders.
How the metro will transform Sydney’s new development frontier
The long-awaited Southwest Metro is promising faster train services. But along its 30km corridor, the biggest transformation could take place above ground.
First international flight from WSI
Aviation reporter Chris Zappone checks in with passengers on Air New Zealand's historic flight.
ASX falls as banks, tech stocks decline; CSL names new chair
The Australian sharemarket has declined at the open after oil prices rose over the weekend, ratcheting up pressure on markets across the globe.
