Burger King launches Unilever’s plant-based whoppers in Europe

EUROPE – Burger King is launching its plant-based Rebel Whopper in Europe made with patties from The Vegetarian Butcher, a meat-substitute producer owned by Unilever. The Vegetarian Butcher will supply the plant-based patties for Burger […]

Taste Holdings sell Starbucks South Africa stores seeking to exit food business

SOUTH AFRICA – Taste Holdings, licensed operator of Starbucks and Domino’s Pizza in South Africa has sold13 stores of its coffee chain to a consortium, K2019548958 (South Africa) Proprietary Limited, for 7 million rand (US$464,000) […]

Famous Brands to take over Kenyan local franchises Steers, Debonairs

KENYA – South African based restaurant franchisor, Famous Brands is set to take direct control over seven outlets of Steers and Debonairs in Kenya previously run by local franchisee Hoggers. Famous Brands is set to […]

Wow! Momo Foods raises US$23m in funding to support expansion

INDIA – Quick service restaurant operator Wow! Momo Foods has raised US$23 million (RS 163 crore) in series B funding led by New York-based private equity major Tiger Global to enable the operator scale up […]

Spur Corporation reports 5.9% growth in full year revenue as sales improve

SOUTH AFRICA– Spur Corporation, steakhouse franchise restaurant headquartered in South Africa posted a 5.9% growth in full year revenue to R945m (US$ 65.05m), buoyed by increase in sales across majority of its outlets. During the […]

Beyond Meat halts plans for Japan entry, to increase focus on US market

JAPAN – US based meat alternatives company, Beyond Meat Inc, has shelved plans to enter Japan and will be focusing more on the US. Market. According to a Japan-based investor Mitsui & Co Ltd, which […]

Burger King rolls out plant-based Impossible Whopper across US

USA – World’s leading hamburger chain, Burger King has announced that it is releasing the plant-based Impossible Whopper burger across the US. The Impossible Whopper goes nationwide at all 7,200 Burger King locations in the […]

Rebel Foods raises US$125m in funding to support expansion

INDIA – Rebel Foods, which owns and operates multi-brand cloud kitchen platforms, has raised US$125 million (Rs 864 crore) in its Serieds D funding round led by New York-based technology-focused hedge fund Coatue Management. The […]

Spur Corporation reports 7.2% growth in full-year sales to US$535.12m

SOUTH AFRICA – Spur Corporation, a South Africa based fast–food chains operator, reported an overall 7.2 percent growth in sales to US$535.12 million (R7.6 billion) in the year to end-June. The group’s performance, whose brands […]