Weekly Global News Wrap: Burger King parent gobbles Firehouse Subs; Sweetgreen raises US$364m in IPO; Inside Starbucks, Amazon Go’s new concept store

Here is a summary of the most interesting news stories of the week from around the world.

Restaurant Brands International announced it bought Firehouse Subs for US$1 billion, now the fourth brand in its portfolio. As reported by CNBC, the newly-acquired chain has roughly 1,200 locations across the U.S. and expects US$1.1 billion in systemwide sales for 2021. Read more here.

Sweetgreen said it raised US$364 million in an initial public offering, priced above a marketed range. As reported by Bloomberg, the company sold 13 million shares Wednesday for US$28 each. Read more here.

Starbucks has partnered with Amazon Go in the U.S. to launch a new concept store in New York City, integrating the retail giant’s cashierless technology. As reported by CNN, the companies plan to open at least two more locations together over the next year. Read more here.

Chipotle has produced a new animated short film game aimed to support the next generation of farmers. As reported by Nation’s Restaurant News, the short film, called “A Future Begins”, is an ode to the small family farmer trying to cope with a changing climate. Read more here.

McDonald’s announced a pair of deals with two of its largest providers, DoorDash and Uber Eats, which will see the chain integrate delivery into its mobile app through the providers’ “white label” services. As reported by Restaurant Business, digital sales have totaled US$13 billion in total sales year-to-date in the company’s six largest markets, accounting for 20% of the company’s business. Read more here.

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The shop will help the chain build brand awareness as the company looks to grow its restaurant footprint.
It will have seating for 46 diners along with ‘grab and go’ options.
The location aims to showcase ‘takeaway classics' that founder Julian Denis and chef Harry Fox grew up with.
The chicken brand was created with British YouTube group The Sidemen.
Digital continues to be the main driver of the business, the company said.
The concept is the brainchild of Dayashankar Sharma, the executive chef behind fine-dining Indian restaurant Heritage Dulwich.
Revenues at the restaurants it has opened this year are “far more” than the chain had expected.
It joins a growing number of food companies that have announced global commitments to eliminate the use of cages in their egg supply chains.
The chain also appointed two more companies in the UK as part of its roster of franchisees.
It also has to open an additional 10 stores over the next two years.
The item was launched by the high street group in 2019 and helped to serve up a significant sales boost in the same year.
53% of consumers are actively counting calories or checking sugar content.