Tag: Fast food

McDonald’s to cut use of virgin plastic in toys, announces share buyback program as business recovers

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USA – McDonald’s Happy Meal toys will be made from recycled or plant-based plastics in an effort to cut its use of virgin fossil fuel-based plastics, the company has revealed.   According to a statement from the company, the changes will allow it to cut its use of virgin fossil fuel-based plastic for Happy Meals by 90% compared with 2018.  McDonald’s, which started selling Happy Meals in 1979, shifted to more sustainable toys in the UK, Ireland and France in 2018.  In the United States, McDonald’s is already using some…

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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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Yum Brands Q1 profits more than triple buoyed by elevated appetite for fast foods

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US – Yum Brands, the owner of KFC, Taco Bell, and Pizza Hut, has had its profits more than triple in Q1 as business improved following easing of Covid-19 restrictions. The company’s profits during the quarter jumped to US$326 million up from US$83 million recorded in 2020. The profits were also higher than the US$262 million earned in the same three months in 2019. Sales at stores open at least a year, a key gauge of a restaurant operator’s health, climbed 9% with KFC’s same-store sales increasing 14% in the…

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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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Cold Stone Creamery Nigeria launches online ordering platform, unveiling indulgence in consumers reach

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NIGERIA – Cold Stone Creamery Nigeria, operated by franchise holder Eat‘N’Go Limited has embraced digital innovation, launching a mobile application and a website supported eCommerce platform. The platform will enable its customers to order for their ice-creams and other desserts and have them delivered at their preferred location. The Marketing Director for Eat’N’Go, Ilyas Kazeem, who expressed enthusiasm about the offering, said, “As a food and lifestyle brand, we are all about bringing satisfaction to our customers as well as making their lives easier. “We have offered all kinds of…

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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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Nigeria Domino’s Pizza franchise holder opens refurbished flagship store after fire incident

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NIGERIA – Eat‘N’Go Limited, Nigeria’s franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry gourmet frozen yoghurt has reopened its flagship outlet located in Saka Tinubu street, Victoria Island, Lagos. The leading QSR operator in the country was forced to halt operations at the facility following an unfortunate fire incident last October. Speaking to The Nation Nigeria, Ilyas Kazeem, the Marketing Director for Eat’N’Go said, “We had to shut down all operations in our Saka Tinubu outlet, for both Domino’s Pizza & Coldstone Creamery in October, due to the unfortunate…

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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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Famous Brands cuts funding to its loss-making UK fast food business

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SOUTH AFRICA – Famous Brands, South African restaurant franchisor will cut funding to its long-time struggling British fast food operation, Gourmet Burger Kitchen, due to deterioration in sales caused by the coronavirus pandemic. The SA owner of Mugg & Bean, Steers and Wimpy bought GBK for more than R2.3bn (US$122.6m) in 2016 as part of its strategy to reduce its dependence on South African consumers, who were under pressure, over the past few years. However, the plan proved costly as the burger chain took strain as a result of economic…

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