Acquisitions
Compass One acquires Peabodys Coffee
It also plans to launch new cafes at seven hospital sites.
Tortilla gobbles Mexican chain Chilango for £2.75m
The listed group described Chilango as a “highly complementary brand.”
Caffè Nero acquires remaining stake in Coffee#1
The coffee chain is expected to continue to operate as a standalone brand alongside the group’s other brands.
UK’s HungryPanda acquires Asian food delivery platform Easi
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
Weekly Global News Wrap: MOD Pizza plans to go public; Papa John’s to boost presence in Africa; FAT Brands to acquire another chicken concept
Here is a summary of the most interesting news stories of the week from around the world.
EG Group grows F&B portfolio anew with Cooplands acquisition
The company continues its buying spree.
Billionaire Issa brothers' EG Group acquires 52 KFC sites
The sites employ more than 1,600 people.
TriSpan gobbles up majority stake in Pho
The first Pho restaurant opened in 2005 in Clerkenwell and has since expanded to 30 restaurants and three delivery-only kitchens.
Weekly Global News Wrap: McDonald’s cuts tech fees for U.S. franchisees; Krispy Kreme raises US$500m; Panera Bread sells Au Bon Pain
Here is a summary of the most interesting news stories of the week from around the world.
Commentary
People want experiences – but not at the cost of food & beverage