News
Weekly Global News Wrap Up: Starbucks to close all Teavana retail stores; Papa John's switches to antibiotic-free chicken; Locations of QSRs unrelated to obesity rate, study says
Weekly Global News Wrap Up: Starbucks to close all Teavana retail stores; Papa John's switches to antibiotic-free chicken; Locations of QSRs unrelated to obesity rate, study says
Here is a summary of the most interesting QSR news stories of the week from around the world.
Greggs PLC sees continued sales growth
Greggs has announced its interim profits for the 26 weeks ending July 1st. They show total sales up 7.3% to £453 mill, and company-managed shop like-for-like sales up 3.4%. Despite input inflation resulting in margin pressure (6.1% vs 6.4% in 2016), operating profit (excluding property gains and exceptional charges) grew 1.8% to £27.6 mill.
Unnamed buyer acquires Handmade Burger Co
The company collapsed to the administration on July 6 with the closure of nine of its restaurants.
Patisserie Valerie debuts in Rushden
It has created approximately 20 jobs in the area.
Sushi Shop to open two London sites this 2017
The new locations will be the first outside central London.
Itsu set to launch first store outside of UK
It will open at 530 Seventh Avenue, New York in 2018.
Patisserie Valerie comes to six Sainsbury stores
A total of 18 stores now sell Patisserie products.
Bite Me Burger to aggressively expand this 2017
After launching its first pop-up restaurant, it is eyeing the delivery market as well.
Starbucks takes full control of Mainland China stores
It is the largest single acquisition in the company’s history.
Burger & Beyond set to head to Jamie Oliver's Big Feastival
It will join the festival for the first time.
The Vurger Co, Frenchie to serve at the Wilderness Festival
The festival will be on August 3rd until the 6th.
Just Eat expands trial with over 450 branded restaurants
It is a bid to fend off competition from rivals.
Domino's Pizza launches Amazon Echo voice ordering
Customers can now order pizza thru Alexa.
McDonald's releases access to new McDelivery via UberEATS
They surprised customers who ordered McDelivery on July 26th with special deliveries.
Shake Shack to open at Cambridge circus
It has taken a prime 4,500 square feet site at the circus.
PAUL UK Bakes in Healthy Results
The French bakery and patisserie group reported a 12.3% rise in turnover, and a 3% increase in like-for-like sales.
Just Eat's revenue increases by 44%
The company raises its revenue guidance for almost £515 million this 2017.
