Tag Archives: fast food

McDonald’s reveals size of capital budget for 2018

McDonald’s reveals size of capital budget for 2018

Ever wondered what the capital budget might be for a global fast food behemoth like McDonald’s? The answer, for 2018 at least, is a whopping $2.4 billion (£1.7 billion). The chain has allocated the spend to its ‘Experience of the Future’ strategy, which will see it reshape the way customers place orders and put technology

UK’s largest KFC franchise gobbles up more stores after £27m refinancing deal

The largest KFC franchise in Europe has added a further 27 stores to its portfolio after agreeing a major refinancing deal with Danske Bank that provided it with £27m of new funding. The Herbert Group, which is by controlled by Northern Ireland businessman Michael Herbert, now owns a total of 145 stores, with a further

Fast food group has its eyes on $1bn Pret takeover, report says

A Filipino fast food group is reportedly plotting a takeover bid worth around £740m for 444-strong upmarket sandwich chain Pret A Manger. Jollibee, a popular fast food chain with a network of 2,700 outlets, has held talks with an advisor regarding an offer for Pret, according to a Reuters report which cited unidentified sources. The

McDonald’s buys in 14,000 new coffee machines as McCafe concept gets a revamp

McDonald’s is mounting a fresh attack on Starbucks and other major coffee chains with a revamp of its McCafe coffee line, beverage equipment and in-store design. The expanded offerings include the introduction of new café-quality espresso beverages to the McCafé lineup – made with freshly-ground espresso and US-sourced whole or nonfat milk – in addition

Testo transforms quality management process for fast food kitchens

Testo has promised to make paperwork and manual documentation a thing of the past for quick-service restaurants with a brand new solution for kitchen checks and monitoring. Quality management is traditionally a time-consuming and expensive task for restaurants, but the company is confident its ‘Testo Saveris Restaurant’ offering will deliver the automation that operators have

Fast food chains rule the roost, even when we’re on holiday abroad

Two-fifths of Britons eat McDonald’s, KFC or subway while on holiday abroad, new research claims. A study by online flight comparison company Jetcost identified proximity to branches of the major fast food chains as one of the major factors that Britons take into consideration when they holiday overseas. As many as 43% of British travellers

BREAKING NEWS: Coffee shop chains struggling to keep up with QSR growth

New research has revealed that fast food outlets and other chain businesses have boosted coffee servings three times faster than mainstream coffee shops since 2008. According to data released by The NPD Group this morning, specialists are losing share as food operators target lucrative cappuccino and latte drinkers. Britain’s high street specialist coffee chains have

34 Burger King franchises rescued after buyer is found

Thirty-four of Burger King’s franchise sites have been saved after a buyer was found following the news that the previous franchise groups entered into administration earlier this year. Advisory group AlixPartners has struck a rescue deal with Powerbanks, part of the Karali group of companies and the largest Burger King franchisee in the UK. All

Major reshuffle at Leon as co-founder leaves and chain eyes global expansion

There are inklings of a major reshuffle at board-level for healthy fast food chain Leon as several of its directors, including one of its founding fathers departed earlier this month and two new directors were brought in – one from the private equity group which recently bought a major stake in the business. Co-founder Henry