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 […]

Beyond Meat halts plans for Japan entry, to increase focus on US market

JAPAN – US based meat alternatives company, Beyond Meat Inc, has shelved plans to enter Japan and will be focusing more on the US. Market. According to a Japan-based investor Mitsui & Co Ltd, which […]

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 […]

Rebel Foods raises US$125m in funding to support expansion

INDIA – Rebel Foods, which owns and operates multi-brand cloud kitchen platforms, has raised US$125 million (Rs 864 crore) in its Serieds D funding round led by New York-based technology-focused hedge fund Coatue Management. The […]

Spur Corporation reports 7.2% growth in full-year sales to US$535.12m

SOUTH AFRICA – Spur Corporation, a South Africa based fast–food chains operator, reported an overall 7.2 percent growth in sales to US$535.12 million (R7.6 billion) in the year to end-June. The group’s performance, whose brands […]

Zimbabwe Simbisa Brands slashes prices 20% amid ongoing economic reforms

ZIMBABWE – Simbisa Brands Limited, Zimbabwe’s leading quick service restaurants operator, has resolved to slash prices of its major products by 20 percent margins in response to the ongoing monetary and fiscal reforms. The Zimbawe […]

Grand Parade to sell 10% stake in Spur Corporation

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group, has said it will sell its 10% stake in Spur Corporation back to the steakhouse company, freeing it up to focus […]

Jumia partners Nigeria’s So Fresh to promote consumption of healthy foods

NIGERIA – Jumia Foods, a leading food delivery platform in Africa, has partnered with Nigeria’s fresh food chain, So Fresh, to enable increased delivery of fresh and healthy foods in Nigeria. Speaking while announcing the […]

KFC South Africa commits to eliminate plastic straws from 900 restaurants

SOUTH AFRICA – KFC South Africa, a subsidiary of the fast food giant, has announced that it will eliminate all plastic straws in over 900 restaurants across South Africa by July 1. The move forms […]