Weekly Global News Wrap: P.F. Chang's reportedly sold; Starbucks shelves plans to roll out 1,000 Reserve stores; Taco Bell to test first vegetarian menu
Here is a summary of the most interesting QSR news stories of the week from around the world.
Asian fast casual restaurant chain P.F. Chang’s has entered an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co. Inc., Bloomberg reports. The deal is expected to close in the first quarter of 2019. Read more here.
Starbucks has shelved its plans to roll out 1,000 Reserve stores, according to the Wall Street Journal. "One thousand was an aspiration,” the coffee giant's CEO Kevin Johnson was quoted as saying. Read more here.
Recently-rebranded Dunkin’ continued their menu makeover by offering a new range of breakfast items. Read more here.
Taco Bell has announced that they will test their first dedicated vegetarian menu sometime this year in a bid to provide meatless options for vegetarians and flexitarians. Read more of their 2019 commitments here.
Pizza Hut is expanding their beer delivery service to almost 300 restaurants in the United States. The pizza chain says they are looking expand the beer-delivering service to up to 1,000 restaurants by summer. Read more here.
KFC is promoting their US$3 Famous Bowls by offering bowl cuts in a pop-up event. Read more here.
Some restaurant chains started the new year with new CEOs. Quiznos named Tim Casey as their chief executive whilst Wetzels Pretzels promoted their president Jennifer Schuler to the said role.
Photo credit: P.F. Chang's Facebook page
