Weekly Global News Wrap: JAB makes long-term bet on Krispy Kreme’s growth; Burger King eyes faster drive-thrus with simpler menus; 7-Eleven tries autonomous delivery

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

JAB Holding Co. announced a plan to bite off another 6.5 million shares of Krispy Kreme, saying it is entering into a three-year total return swap agreement with BNP Paribas. As reported by Nation’s Restaurant News, JAB believes there is significant long-term value creation to come in the doughnut chain and the investment firm intends to remain an anchor for many years. Read more here.

Burger King is looking to speed up drive-thru times by cutting menu items as it looks to speed up its drive-thru times. As reported by CNBC, the burger chain’s drive-thru times have climbed over the last nine to 12 months, citing Jose Cil, CEO of the burger chain’s parent company Restaurant Brands International. Read more here.

Shake Shack is set to open its first-ever U.S. drive-thru location on December 6. As noted by Restaurant Dive,  the fast casual chain is targeting 10 drive-thrus in 2022 as well as 45 to 50 new stores, its largest expansion to date. Read more here.

7-Eleven is getting into autonomous delivery in the U.S., announcing it will use self-driving vehicles from Nuro to cart goods to customers in Mountain View, California. As reported by Restaurant Business, the test will start with autonomous Toyota Priuses from Nuro and will later move to the R2 bots, designed specifically for delivering goods without an occupant. Read more here.

A U.S. judge has dismissed a US$10 billion lawsuit against McDonald's Corporation by media entrepreneur Byron Allen, who accused the fast food giant of racial discrimination for not advertising with Black-owned media. Read more from Reuters here.

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The brand previously revealed it will open ten sites this year.
The burger is available until 31 January in Absurd Bird sites.
The company operates 18 restaurants in the UK.
This will be the fifth London site for the Australian chef.
She joined Papa John’s in 2015 as senior director for digital marketing and most recently served as senior vice president for customer experience.
274 million orders were processed in the fourth quarter of last year.
This effectively ends a takeover bid from the Issa brothers' EG Group.
The company will invest over £9.2 million to raise hourly rates amidst sector-wide labour shortages.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The move is expected to create 1,000 jobs and 4,000 over the next three years.
Deliveroo, meanwhile, reported a 117% surge in plant-based ordering across the UK since Veganuary 2021.
It also has plans to grow in Edinburgh in the next few years.
Sales in December 2021 ran at approximately 63% of 2019 levels.