The Malaysian Insider :: Food
The Malaysian Insider :: Food |
| China to get 700 more KFCs and Pizza Huts next year Posted: 02 Dec 2012 05:16 PM PST  More than one new KFC outlet is opened in China every day. – AFP pic In its annual full-year forecast for next year, Yum! revealed its ambitious and aggressive expansion plans for the country – a country they call "the greatest restaurant opportunity of the 21st century." Currently, there are nearly 5,000 Yum! restaurants in more than 800 cities across China, 800 of which were newly opened this year, a record for the brand. The rate of expansion is staggering: more than one new KFC outlet is opened in China every day. Pizza Hut likewise has a strong presence in the country, with more than 700 restaurants in 120 cities. China isn't the only country being eyed for expansion. Last year, the company opened 100 more KFC and Pizza Hut outlets in India, with plans to increase that figure to 150 in 2013. Likewise, 330 dine-in Pizza Hut restaurants were opened in the UK this year. Meanwhile, it's not just Yum! which thinks that the Chinese market is ripe for the picking. Starbucks announced this week its plans to make China the second largest market outside the US by 2014 to reach 1,500 stores across 70 cities by 2015. Family-style American diner chain Denny's announced plans to enter the Asian market with 50 new restaurants next year. – AFP-Relaxnews |
| Sotheby’s releases list of El Bulli wines to be auctioned off Posted: 02 Dec 2012 06:35 AM PST LONDON, Dec 2 — Sotheby's will be auctioning off more than 8,800 bottles of wine from the now-shuttered El Bulli restaurant by Ferran Adrià in Hong Kong and New York next spring. The collection includes bottles from the classic wine regions such as Burgundy, Bordeaux, Sherry, Rioja, Cava and Champagne, some of which were labelled exclusively for the three-Michelin-starred restaurant. Overall, the auction is expected to fetch up to US$1.6 million (RM4.8 million). The highest value lot includes a trio of Domaine de la Romanée Conti, Romanée Conti 1990, which is estimated to bring in US$32,500 to US$47,500. A lot of six magnums labelled exclusively for El Bulli — Lucien Le Moine Hospices de Beaune Corton Vergennes Cuvée Paul Chanson 2005 — is also expected to be highly sought after, fetching between US$1,200 and US$1,600.  Some of the El Bulli wines Sotheby's will be auctioning next spring.©Shutterstock.com Here are some other highlights: SPAIN - More than 2,000 bottles estimated at up to US$300,000- Seven different vintages of Vega Sicilia Valbuena from 1995-2002 - Nine different vintages and 157 bottles of Pingus - Six different vintages of Clos Erasmus - Four different vintages of Clos Mogador RHONE - 415 bottles from Château de Beaucastel BORDEAUX - Château Latour 2005 - Over 1,400 bottles estimated to fetch between US$340,000 and US$486,000 WHITE BURGUNDY - Over 1,000 bottles estimated at between US$166,000 and US$228,000 Many additional offerings from other standout producers Domaine Leflaive, Maison Henri Boillot, and Domaine des Comtes Lafon. The first auction is to be held on April 3, 2013, in Hong Kong, and the second in New York, on April 26. — AFP/Relaxnews |
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