Global News Wrap Up: Arby's and Buffalo merge to form Inspire Brands Inc; Yum Brands to invest $200m in Grubhub; Dunkin' Donuts pledges to remove foam cups
Here is a summary of the most interesting QSR news stories of the week from around the world.
Renamed as Inspire Brands, Arby's Restaurant Group Inc. has merged with Buffalo Wild Wings Inc. to continue acquiring chains and targeting consumers in fast food and casual dining segments. According to The Wall Street Journal, the renamed Inspire Brands Inc. aims to acquire more chains to mitigate the threat of consumers losing their appetite for any one type of restaurant concept or cuisine.
Chipotle has announced enhancements to benefits that will reach all of its 71,000 employees which will include bonuses, new training programs, and expanded parental leave for employees as a result of changes in U.S. tax law. Chipotle will reinvest more than one-third of its anticipated savings from tax law changes into its employees.
As part of its commitment to serve the planet responsibly, Dunkin' Donuts announced plans to eliminate all polystyrene foam cups in its global supply chain beginning in spring 2018, with a targeted completion date of 2020. In U.S. restaurants, Dunkin' Donuts will replace the foam cup with a new, double-walled paper cup.
Yum Brands has announced a plan to invest $200 million in the online food ordering company Grubhub as part of a broad delivery and ordering partnership that will rapidly expand delivery at the company’s KFC and Taco Bell brands.Grubhub will be YUM’s only national partner providing dedicated support for KFC and Taco Bell branded online delivery channels, along with access to Grubhub’s online ordering platform, logistics, and last-mile support for delivery orders, and point-of-sale integration to streamline operations.
To celebrate fifty years of Big Mac, McDonald's is introducing three new sizes of the burger. From February 7 until March 20, the Birthday Burger, Mac Jr., and Big Mac will be available to the guests in UK stores.
