Franchisor targets 100 Burger King stores by end of 2018

SOUTH AFRICA - Empowerment company Grand Parade Investments (GPI), which is trading at close to a 12-month low, says it is confident of reaching the 75-store target for fast-food business Burger King by the end of June 2018. GPI – which has opened 70 Burger King stores across SA since securing the master franchise deal…

McDonald’s may appoint new partner for north, east India

INDIA - After months of intense battle with its Indian joint venture partner Vikram Bakshi, fast food giant Mcdonald's India may soon appoint a licensee partner for the north and east India region. In August this year, McDonald's had terminated franchise agreement for 169 out of its 430 fastfood outlets operated by Bakshi-led Connaught Plaza…

Java launches new cafè at university as it eyes more cities

KENYA - Local coffee chain Java House plans to open additional outlets outside Nairobi after opening its first branch in a learning institution at the United States International University-Africa (USIU-Africa) premises last month. The chain has continued its expansion with Meru, Thika, Athi River and Kiambu towns now in the pipeline. The Crystal Rivers Mall…

India a stand-out market – Yum! Brands CEO

INDIA - Yum! Brands chief executive Greg Creed called India a stand-out market, while announcing the US restaurant giant’s third-quarter results. “India was a standout market for Pizza Hut with its fifth consecutive quarter of same store sales growth,” Creed said during an investor call. The company owns brands such as Pizza Hut, KFC and…

Ed’s Diner brand to be rolled out in South Africa

SOUTH AFRICA - Small fast-food and restaurant franchise company Gold Brands International (GBI) has acquired a joint venture for an undisclosed sum to secure exclusive rights to roll out the Ed’s Diner brand in SA. Gold Brands said on Tuesday the deal followed a 2016 decision to contest the gourmet burger market. It had reviewed…

Famous Brands blames economic crunch for casual dining slide

SOUTH AFRICA - Not even Tashas regulars have been immune to SA’s economic crunch. Releasing interim results on Monday, Famous Brands’s research showed that customers visited casual dining and quick-service restaurants 16% less frequently than a year ago as footfall through SA’s malls has dwindled. Casual dining — through its Tashas, Mythos, Turn n Tender…

Starbucks expects India to be among its top 5 markets globally

INDIA - Starbucks, the world’s largest coffee retailer said it expects India to be among the top five businesses without giving a timeline. This is despite the Indian unit posting its slowest sales growth last fiscal after it slowed down expansion. “We are excited on the opportunities that India plays for Starbucks going forward. Today,…