Weekly Global News Wrap: Starbucks to spend US$1.5 with diverse suppliers; Domino’s to change value offers amidst rising costs; Taco Bell launches subscription deal
Here is a summary of the most interesting news stories of the week from around the world.
Starbucks said it will nearly double its spending with suppliers and vendors from underrepresented groups in North America by 2030 to US$1.5 billion. The coffee giant will also spend 15% of its fiscal 2022 paid media budget with minority-owned media companies. Read more from Reuters.
Amidst increases in food and labour costs, Domino’s is planning to make changes to its U.S. value offers this year, starting with its US$7.99 carryout deal. The chain noted that its food costs are expected to increase 8% to 10% this year. Read more from Restaurant Business.
Denny’s has partnered with ghost kitchen operator Reef Technology to test the brand’s delivery in dense U.S. urban markets. The company anticipates openings of the first of several planned delivery-only locations during the first half of 2022. Read more from Nation’s Restaurant News.
Pizza Hut said its restaurants in Canada are adding Beyond Meat’s plant-based sausage to their menus permanently. This marks the chain’s second market to add a Beyond Meat item to its permanent menu. Read more from CNBC.
Taco Bell is rolling out a $10 subscription service in the U.S. that allows customers to get one taco per day for 30 consecutive days. The Taco Lover's Pass programme is available to purchase for members of its rewards programme and have downloaded the Taco Bell app. Read more from CNN.