Burger King India to raise US$56.6m in IPO to accelerate expansion

INDIA – Burger King India has filed for an Initial Public Offering (IPO) that could to raise up to INR4 billion (US$56.6 million) as the fast food chain seeks to accelerate its expansion in the […]

McDonald’s appoints Chris Kempczinski as new president and CEO

USA – American fast-food giant, McDonald’s has appointed Chris Kempczinski as the new president and chief executive officer of the company. Chris Kempczinski, who headed McDonald’s USA will take up his new position as the […]

Jubilant FoodWorks to invest US$35.2m in expanding its operations in India

INDIA – Jubilant FoodWorks, operator of Domino’s Pizza and Dunkin’ Donuts in India plans to invest upto US$35.2 million (Rs 250 crore) to set up over 120 stores in both existing and new markets this […]

Maple Leaf doubles distribution of meat alternatives products in the US

USA – Greenleaf Foods SPC, a subsidiary of Maple Leaf Foods has announced a retail  expansion of its plant-based meat alternatives line into more than 12,000 retail locations nationwide. Greenleaf Foods, which is also the […]

McDonald’s to acquire AI firm Apprente to expand its tech capabilities

USA – McDonald’s has secured an agreement to acquire California based tech firm Apprente, to enable the company expand its tech capabilities in the growing fast-food sector. Apprente develops voiced-based conversational technology powered by artificial […]

Uber Eats to pull out of South Korea amid tough competition

SOUTH KOREA – Uber Eats will be terminating its restaurant delivery business service in South Korea and exiting the market. The move comes as the food delivery platform continues to face intense competition in the […]

Papa John’s International appoints Robert Lynch as president

USA – America’s fourth largest take-out and pizza delivery restaurant chain, Papa John’s International has named Robert Lynch as president and chief executive officer. Robert will succeed Steve Ritchie, who had led the company since […]

Real Foods see growth beyond Africa, launches in Thailand and Netherlands

SOUTH AFRICA – Real Foods Group, a South African healthy, fast-casual restaurant operator, is set to expand its global footprint by rolling out franchises in Europe and Asia. The company, which houses the healthy restaurant […]

South Africa’s Taste Holdings appoints Dylan Pienaar as new CEO

SOUTH AFRICA – Taste Holdings, South Africa’s licensed operator of Starbucks Coffee and Domino’s Pizza, has appointed its chief operating officer, Dylan Pienaar, as chief executive officer effective. Dylan will replace Tyrone Moodley who stepped […]

Grand Parade Investment’s Hassen Adams to step down as chairman

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group, has announced that Dr Hassen Adams will step down as executive chairman of the company effective 30th June this year. The […]