Weekly Global News Wrap: Krispy Kreme files US$100m IPO; McDonald’s tries automated drive-thru ordering; Elon Musk’s Tesla files paperwork for restaurant concept | QSRMedia UK | QSR news for UK's quick service restaurant industry.
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Weekly Global News Wrap: Krispy Kreme files US$100m IPO; McDonald’s tries automated drive-thru ordering; Elon Musk’s Tesla files paperwork for restaurant concept

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

Krispy Kreme has filed documents for a US$100 million initial public offering, banking on strong revenue growth and shifted plans for sales at retail shops, Restaurant Business has reported. The chain had been a public company until it was taken private by the European investment firm JAB Holdings in 2016. Read more here.

Ten McDonald’s restaurants in the U.S. are testing automated drive-thru ordering using artificial intelligence software, its CEO said. As reported by CNBC, the restaurants using the voice-ordering technology are seeing about 85% order accuracy. Read more here.

Chuck E. Cheese is planning to hire 5,000 employees across its 460 U.S. locations, Restaurant Dive reported. The company is offering employees access to up to 50% of their earned wages instantly after their first week of employment, as well as flexible work schedules, medical, dental, vision, life and disability insurance amongst others. Read more here.

Nation’s Restaurant News reported that Elon Musk’s Tesla, Inc. filed for three new trademarks on 27 May under the category of restaurant services, leading to some publications suggesting the company would open a restaurant concept or chain. Read more here.

Dunkin’ and Tim Hortons are just some of the chains celebrating National Donut Day in the United States, according to a list by Chewboom. Read more here.

 

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It currently employs more than 130,000 crew members in the two countries.
Both channels were worth virtually half of managed groups' sales.
The two companies’ started working together in 2016.
It teased further menu innovation alongside store expansion in the coming months.
The chain has opened eight coffee houses since launching in 2014.
The new cafe looks to target office goers, students and hotel guests.
The enlarged group is now built around the United States, the United Kingdom, the Netherlands and Germany.
The company also expects revenue from delivery and digital channels to double across the group in their upcoming financial year.
The first U.S. location will be in Chicago.
The chain is celebrating the launch with a 'Summer Socials' DJ series.
The demand for drive-thrus spaces continues to grow despite the easing of restrictions.
It recently introduced the option for delivery to selected outdoor locations.
800 ice cream vans have gone out of business, ICA claims.