Food Services
Patisserie Holdings' gross profit soared 8.7% to £47.1m in Q1
Patisserie Holdings' gross profit soared 8.7% to £47.1m in Q1
It also reported an EBITDA of £13.6m, up by 11.6% and an EBITDA margin of 22.5%.
Weekly Global News Wrap: Pizza Hut expands beer delivery test; Nestlé acquires the right to distribute Starbucks products; McDonald's now serves fresh beef
Here is a summary of the most interesting QSR news stories of the week from around the world.
McDonald's announces its English breakfast muffins may now contain traces of nuts
It has placed signposts in front counters, self-order screens, drive-thru, click & collect, and McDelivery app.
Sourfire Limited seeks £500,000 equity fund
The loan is driven to fund the roll out of its artisan pizza format from its existing Winchester base to three additional sites in South London.
Pure wins food-to-go innovation award for the second year
Pure’s Halloumi Super Bowl Salad has been named as the most innovative food-to-go product at the 2018 British Sandwich and Food-to-go awards.
Greggs' total sales up 4.7% in Q1
It also reported a 1.3% increase in like-for-like sales in company-managed shops over the same period.
Deliveroo spends £10m to equip 35,000 riders with free accident insurance
Riders in 12 countries will be automatically enrolled in the insurance package.
Weekly Global News Wrap: McDonald's banks on digital transformation; Malaysia's QSR Brands mulls $509.6m IPO; Chipotle now offers delivery in 1,500 US sites
Here is a summary of the most interesting QSR news stories of the week from around the world.
Boxpark Wembley to feature a variety of independent F&B vendors
Sign-ups include Wingstop, Shake Shack, Ugly Dumpling, Poptata, and The Athenian.
Chicken shortage at KFC UK dragged down same-store sales growth
Yum Brands posts weaker-than-expected same-store sales growth in the first quarter despite beating estimates for revenue and profit.
Weekly Global News Wrap: Domino's US integrates AI in ordering system; The Wendy's Company eyes smaller format stores; Burger King and Popeyes US are testing delivery
Here is a summary of the most interesting QSR news stories of the week from around the world.
Pizza Hut Restaurants completes management buy out
It announced the completion of a management buyout of the chain from its private equity backer Rutland Partners.
Just Eat's UK orders grew 24% to £29.7m
It is driven by 1.4 million orders from Hungryhouse, following the acquisition on 31 January.
Papa John's UK introduces in-store experience day
It now offers the aspiring franchisees to visit the European Head Quarters on an extended tour.
Abokado secures new funding line of £3m to support growth
It has also announced record profits for 2017 and an EBITDA growth of almost 50% year on year.
Comptoir Groups announces 38% increase in revenue
The brand said it is confident that its food offer will see it through the challenges currently facing the casual dining sector.
French mayor wages campaign to counter McDonald's entry
It has created a "sustainable food zone" to counter the arrival of the American fast-food chain’s first eatery.
