Yum! Brands completes US$375m acquisition of The Habit Restaurants

USA – Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell brands, has completed the acquisition of The Habit Restaurants, following the approval by The Habit Burger Grill stockholders. Yum! Brands, the […]

Yum! Brands moves corporate offices to green energy, reduces plastic waste

USA – Yum! Brands, the owner of KFC, Pizza Hut and Taco Bell fast food chains has unveiled plans to move its corporate offices to renewable energy and sustainable packaging, and to intensify action on […]

Ethiopian Cold Stone Creamery franchisee Belayab Foods opens new Pizza Hut outlet

ETHIOPIA – Belayab Foods Production PLC, franchise owner of Pizza Hut and Cold Stone Creamery brands in Ethiopia has opened outlets in Sar Bet, South West of Addis, foreseeing future expansion in neighbouring Djibouti. This […]

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 […]

Plant-based meat brand Z-Rou Meat signs distribution deal with IS Seafood

CHINA – Z-Rou Meat, a Shanghai-based plant-based meat start-up has formed a strategic cooperation with IS Seafood, a B2B seafood supplier, aimed at reinforcing its market efforts on sales and distribution. Z-Rou Meat was founded […]

Luckin Coffee forays into smart coffee, snack vending machine market

CHINA – Luckin Coffee, China’s largest coffee chain operator is entering the automated retail market with the launch of its “luckin coffee EXPRESS” smart unmanned coffee machine and “luckin pop” smart vending machine. The luckin […]

Aegis Brands completes acquisition of Bridgehead Coffee in Canada

CANADA – Aegis Brands, which owns Canadian specialty coffee retailer Second Cup Coffee, has completed its previously announced acquisition of Ottawa-based Bridgehead Coffee. Bridgehead has nineteen company-owned coffeehouses in Ottawa, including its flagship Roastery, all […]

Just Eat approves US$7.7bn takeover bid from Takeaway.com

NETHERLANDS – The shareholders of Just Eat, a British online food ordering company has approved the £5.9 billion (US$7.71 billion) buyout offer from Dutch peer Takeaway.com in a deal that will create one of the […]

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) […]