Tag: Burger King

Burger King South Africa registers improvement in loss on back of higher turnover

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SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in South Africa has showcased stellar performance in its full year ended June 2021, as it awaits finalization of the disposal plan. The fast-food chain saw its revenue grow to R1.349 billion (US$90m) compared to R1.010 billion (US$67.62m) in the prior year. The chain of hamburger fast-food restaurant’s headline contribution improved by R11.8 million (US$790,000) during the year from a loss of R25.5 million (US$1.7m) in the prior period to a loss of R13.7 million (US$917,000)…

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Burger King SA becomes first African fast-food restaurant to serve plant-based meat

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SOUTH AFRICA – In a bid to cater to the growing demand for meat-free food options, Burger King South Africa has introduced an array of plant-based offerings in its menu, all made with 100% plant-based ingredients. Deemed to be the first fast-food chain to offer vegan-certified meat in all of Africa, Burger King created the new delicacies in partnership with Unilever Food Solutions and The Vegetarian Butcher. The new menu items include Whopper, Vegan Royale (a vegan chicken sandwich), and Vegan Nuggets. The quick-service restaurant chain says that vegan, vegetarian…

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Grand Parade Investments gets go ahead from Competition Tribunal to dispose Burger King

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SOUTH AFRICA – The South African Competition Tribunal has approved the sale of Burger King South Africa and Grand Foods Meat Plant by Grand Parade Investments to international private equity fund Emerging Capital Partners (ECP) Africa. Following the green light, GPI can now move ahead with the disposal of the business to pan-African private equity firm ECP – pending all the final approvals. This comes after the deal hit a speedbump earlier this year due to concerns around a lack of BEE shareholding in the acquiring firm. The Competition Commission…

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Tom Curtis appointed President of Burger King USA and Canada

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USA— Tom Curtis, a long serving executive of Domino’s Pizza has been appointed president of Burger King US and Canada.   Before his appointment, Curtis had been serving as the fast food restauraunt’s chief operating officer, a position he has been holding since April.  Before joining Burger King, Mr. Curtis spent more than 35 years in leadership roles at Domino’s Pizza, Inc., most recently as executive vice president of US operations.   He joined the pizza chain in 1985 as a store manager and was a franchisee from 1987 to 2006 before joining Domino’s corporate in…

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Burger King South Africa sale back on the table following agreement with Competition Commission

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SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in South Africa can now breathe a sigh of relief after the Competition Commission has agreed to the revised terms of the take over. Since beginning of last year, GPI has insistently pursued the sale of the US fast-food chain and Grand Foods Meat Plant (GFMP), which primarily supplies Burger King with patties, to a fund owned by Emerging Capital Partners (ECP), in line with its strategy to become a pure investment company. As part of…

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Global fast-food chains in African barely show progress in committing to animal welfare standards

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AFRICA – Global Fast foods restaurants with operations in Africa have been put on the radar for not adhering to the same animal welfare standards put in place in markets abroad. Under the recently released ‘The Pecking Order 2021’, the food service operators have been ranked and awarded points across three main elements: corporate commitments, objectives and targets, and performance reporting. Based on their score, companies can sit in one of the six grades given ranging from ‘Very poor’ to ‘Leading’. The criteria underpinning ‘The pecking order’ methodology is based…

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Burger King to heighten competition in Nigeria’s fast-food sector with inaugural entry by Q4

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NIGERIA – World’s second-largest fast-food hamburger chain Burger King is set to open its first outlet in Nigeria by the fourth quarter of 2021. This was revealed by Antoine Zammarieh, Managing Director of Allied Food & Confectionery Services Limited in a LinkedIn post, after signing a development agreement with Burger King for the Nigerian market. “I believe this would be a tremendous step towards giving more confidence into the Nigerian market and consumers in general, especially during these hard times. I always believed in Nigeria and in its people. “As…

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Burger King taps industry veteran Tom Curtis for Chief Operating Officer role

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US –  World’s second-largest fast-food hamburger chain Burger King has appointed industry veteran Tom Curtis as the new Chief Operating Officer (COO) of Burger King Americas. Curtis joins Burger King’s leadership team from Domino’s and will oversee field operations, restaurant development, and restaurant operations. According to a statement from the restaurant chain, Mr. Curtis has an impressive wealth of experience in the industry having worked at Domino’s for over 35 years. By the time of leaving Domino’s Curtis was the Executive Vice President, U.S. Operations and Support, overseeing both franchised…

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Burger King India reports 28% decline in Q3 revenues as US unit launches loyalty program

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INDIA – A few months after its listing at the BSE, fast food chain restaurant Burger King India has given its first quarterly earnings announcement, reporting a profit dip and a rise in losses. According to the results, Burger King’s net revenues for third quarter of 2020 plunged 28% to Rs 163.19 crore (about US$22.38 million) even as losses rose to Rs 29.02 crore for the quarter ended December from the Rs 21.72 crore in the previous quarter. The company’s same-store sales, a key metric in judging the revenue performance…

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Burger King makes brand identity changes for the first time in 20 years

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US – World’s second largest fast food hamburger chain, Burger King has unveiled a new visual brand identity, marking the first complete rebrand in over 20 years. Dialing up taste and quality through design, every design element in the new visual brand was intentionally reimagined to better reflect the new Burger King food journey.  The design principles according to Burger King, capture the unique characteristics of the Burger King brand: Mouthwatering, Big & Bold, Playfully Irreverent and Proudly True. Commenting on the new logo, the fast food chain explains that…

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