Tag: Subway

American fast food chain Burger King to set base in the Ethiopian market

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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 of the most visible and successful restaurant brands in the world, next to McDonald’s and Subway Sandwiches. Burger Kings official entry to Ethiopia comes amidst concerns that international brands being used in Ethiopia are operating in violation of intellectual property rights and in contrast to World Trade Organization rules and regulation which Ethiopia is in…

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

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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 bought a small stake in Beyond Meat in 2016, it previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan, but there was no longer such a project. “We look forward to bringing our revolutionary products to more countries across Asia, including Japan,” said Chuck Muth, Beyond Meat’s chief growth…

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Fast-food franchise Subway to open four more outlets in Kenya

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KENYA – The American privately held sandwiches and salads restaurant chain has said it is looking to open four additional branches in the Kenyan capital Nairobi where an appetite for fast-foods is significantly increasing, reported Business Daily. Subway through Liberty Eagle Holdings, the Africa franchise holder of the fast-food brand, is embarking on a growth strategy in the Kenya, a market characterized by increasing disposable income. The food chain which runs 43,300 restaurants in 11 countries said in local dailies that it was looking for developers in Kenya to host…

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Anti-Profiteering agency questions Subway, KFC and Pizza Hut on tax cuts

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INDIA – The National Anti-Profiteering Authority (NAPA) has questioned Subway, Yum Restaurants owned Pizza Hut and Kentucky Fried Chicken (KFC) for not fully passing on cuts in goods and services tax (GST) rates to consumers. The fast food restaurants were indicated to have impartially adhered to lower GST rates by passing tax cuts on select products and not across the board, ET Retail reports quoting an official aware of the issue. Effective July 2017, the GST Council announced lower rates from 18% to 5% for air-conditioned restaurants and 12% for…

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Subway’s Chief Executive Officer Suzanne Greco to retire

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USA – Subway, the US restaurant chain has announced that CEO, Suzanne Greco will be leaving the company effective June 30 and Trevor Haynes, head of business development has been named interim. After Hayne’s appointment, Greco remains in senior advisory role and assist in the transition for the position she held since 2015. “As we work with Suzanne on a smooth transition for the business we cherish, we are grateful for her extraordinary contributions and her insightful and dedicated leadership. We are optimistic about the brand and look forward to…

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Subway considers closure of 500 stores in US in a global expansion bid

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USA – Subway, the American privately held fast food restaurant franchise is considering closure of 500 of its stores in the US in 2018 as it seeks a global expansion outside North America. The chain will add more than 1,000 locations outside its home with a focused growth agenda in U.K., China, India, Latin America. In an interview with Bloomberg, Suzanne Greco, CEO of Subway said as the sandwich maker embarks on an international expansion; it will be closing down some of its US stores. Over the last two years,…

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