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Jollibee buys Korean coffee brand Compose Coffee for $340m
Jollibee buys Korean coffee brand Compose Coffee for $340m
It will own a 70% stake in the coffee brand.
Weekly Global Wrap: McDonald's last in customer satisfaction in US; Pizza Hut Japan's grilled cheese ramen pizza; Starbucks store dash rewards in PH
Here is a summary of the most interesting QSR news stories of the week globally.
Popeyes parent spends $45m to build China business
RBI announced plans to ramp up the expansion of Popeyes in the country.
McDonald’s launches limited edition menu to mark 50th anniversary in the UK
The new menu features three new desserts.
Doner Shack eyes US launch after positive brand repositioning results
The brand reported a sales increase of 32% in June.
Caffè Nero Group reports record sales for FY2024 of US$690m
The group operates 1,072 coffee outlets in 10 countries.
Karali Group acquires 46 Taco Bell restaurants
The group recently acquired Crosstown Doughnuts.
Costa Coffee crowns top barista at the Global Barista of the Year competition
The competition is now in its 15th year.
Subway enters Mongolia
The brand eyes opening 50 restaurants in the next 10 years.
Pizza Hut creates new hot honey sauce as flavour goes viral
This comes as hot honey becomes a viral food trend in Australia
Wingstop named fastest-growing restaurant group by The Sunday Times
Wingstop was ranked 38 amongst 100 private companies in Britain.
UK foodservice inflation slows, but outpaces grocery in 2024
There is a 5% gap between menu price inflation and F&B prices in retail outlets.
SIDES surpasses £1m revenue in a week for the first time
The brand has six restaurants in the UK.
South Korean brand GOPIZZA reaches US$43m investments
The group recently secured an investment of US$10m from a Thai conglomerate.
KFC China’s coffee brand reaches 200 outlets
The unique concept features a cafe area adjacent to KFC outlets.
GOPIZZA secures $10m from Thai conglomerate Charoen Pokphand Group
The brand currently has a total of $43m in investments.
Guzman y Gomez brings mushrooms back on the menu
The mushroom fillings will be made available in GYG's breakfast range.
Most Read
1. McDonald's Menu Heist comes to Australia 2. Weekly Global Wrap: Japan visa pause hits restaurants; Pizza Hut US franchisee brings back classic look; McDonald's Philippines signs renewable energy agreement 3. Guzman y Gomez part of legal action in the US 4. The Coffee Club trials member pricing model in South Australia 5. Little Caesar’s expands in MalaysiaResource Center
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