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) […]

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 […]