Grand Parade Investments reports revenue growth despite divesting from food business

SOUTH AFRICA – Grand Parade Investments, which recently announced the sale of its SA Burger King licence has attributed the exit from its restaurant interests to reducing its debt and improving profits in its half […]

Marfrig expands partnership with Burger King for its plant-based burger

BRAZIL – Marfrig Global Foods, one of the world’s leading beef producers and the world’s largest beef patty producers, has launched its plant-based burger in the Burger King chain in Uruguay. The partnership with Burger […]

SA’s Grand Parade to sell Burger King franchise to Emerging Capital Partners

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in South Africa is set to sell its 95.36 percent stake in Burger King franchise and all of Grand Foods Meat […]

American fast food chain Burger King to set base in the Ethiopian market

ETHIOPIA – Burger King, the global fast food franchise has teamed up with Belayab Foods Production, owner of Pizza Hut chain restaurants to set up operations in Ethiopia. Founded in 1953, Burger King is one […]

Impossible Foods expands its plant-based offering with new meat free pork and sausage

USA – The Silicon Valley-based foodtech start-up, Impossible foods is introducing plant based Impossible Pork and Impossible Sausage, its first all-new products since the launch of Impossible Burger in 2016. According to the start-up, Impossible […]

GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

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 […]

Burger King India to raise US$56.6m in IPO to accelerate expansion

INDIA – Burger King India has filed for an Initial Public Offering (IPO) that could to raise up to INR4 billion (US$56.6 million) as the fast food chain seeks to accelerate its expansion in the […]

Grand Parade reports growth in profits as Burger King sales climb 34%

SOUTH AFRICA – Grand Parade Investments (GPI), fast food chain operator reported an increase in its operating profit for the year to end June 2019 to R44.2m (US$2.96m), benefiting from improved sales and profitability at […]

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 […]