Weekly Global News Wrap: Chipotle’s climate pledge; Fat Brands to acquire U.S. Italian chain Fazoli's, Wingstop to increase menu prices amidst rising costs

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

Yum Brands and Starbucks are some of the companies that released their latest earnings reports, topping analysts’ estimates, according to separate reports from CNBC. Read more here and here.

A group of U.S. Starbucks workers in Buffalo, New York that are attempting to unionize have filed a federal complaint with the country’s National Labor Relations Board, alleging that its parent company has interfered in the unionization voting process, Nation’s Restaurant News reported. Read more here.

Wingstop is seeking ways to get a better grip on its supply chain to deal with soaring food and labor costs. As reported by Restaurant Business, the chain will increase menu prices another 4% to 5% in the coming weeks, for a total of a 10% price hike this year. Read more here.

Chipotle has pledged to cut its carbon emissions by 50% by 2030. As noted by Nation’s Restaurant News, its targets use the United Nations-backed Science Based Target Initiative, or SBTi, which establishes a standard and promotes best practices in line with the goal of limiting global warming to 1.5 degrees Celsius by the end of this century. Read more here.

Fat Brands is set to acquire Italian chain Fazoli's for US$130 million from funds managed by Sentinel Capital Partners. As noted by Restaurant Dive, the acquisition is expected to close by mid-December. Read more here.