Global Foodservice News
Taco Bell Is Bringing Back This $1 Menu Item
The older you get, the less interesting your Christmas list becomes. Boom. You hit 25 and suddenly you’re asking Santa for a Dyson vacuum, Bombas socks, and an air fryer. But here’s the good news, you’re getting at least one thing you would’ve loved at any age: the return of Taco Bell’s Loaded Nacho Taco. Following…
Read MoreStarbird Chicken raises $4 million in funding
Starbird Chicken has raised $4 million in funding, the largest equity fundraising round from current investors and industry insiders, the four-year-old brand announced. “This landmark financing reflects the industry’s belief in our vision that we’ve had for Starbird since day one – that the fast-food landscape was primed for an upgrade in quality and convenience…
Read MoreStarbucks Plans to Open about 22,000 Stores in the Next Ten Years
It may seem like there’s already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. Starbucks said at an investor event that it plans to increase its store count to about 55,000 by 2030, up from roughly 33,000 today. The company is…
Read MoreThe Private Equity Firm Partnered with Management to Invest in the 194-unit PJ United
The Private Equity Firm Partnered with Management to Invest in the 194-unit PJ United The Halifax Group, a Washington, D.C.-based private equity group, has invested along with company management in PJ United, the largest operator of Papa John’s restaurants. Terms of the deal were not disclosed. Halifax is a previous investor in PJ, which operates…
Read MoreThe Private-Equity Firm Rejoins the Company after Having Previously Invested from 2007 to 2013
Private-equity firm the Halifax Group announced that they will be investing once again in Papa John’s largest franchisee, PJU Holdings, Inc. (Papa John’s United), which has 194 locations across 10 states. Halifax Group had previously invested in the Birmingham, Ala.-based franchisee from 2007 to 2013 and is now reinvesting a majority stake in the company…
Read MoreStarbucks Appoints Mellody Hobson as Non-Executive Chair of the Board of Directors
Mellody Hobson — the co-chief executive officer of Ariel Investments LLC who has served as the Starbucks vice-chair of the executive board since 2018 — has been appointed as the coffee company’s next non-executive chair of the board of directors starting in March 2021, Starbucks announced Wednesday. When she assumes the board chair position, she…
Read MoreJack in the Box Reports 12.2% Same-Store Sales Jump and Prepares to Expan
With a two-year-old dispute with franchisees resolved and restaurant profitability up, Jack in the Box is poised to start growing again, CEO Darin Harris told investors Thursday while discussing the San Diego-based quick-service chain’s performance in the fourth quarter, ended Sept. 27. It was a good quarter. Same-store sales were up by 12.2%, the best…
Read MoreMcDonald’s Corp. Names Tiffanie Boyd U.S. Chief People Officer
McDonald’s Corp. named Tiffanie Boyd to the role of U.S. Chief People Officer, the company announced Monday. Boyd, who comes to the chain from General Mills, starts Jan. 4. She is among several new executive hires made under Chris Kempczinski, who was named president and CEO last year when Steve Easterbrook was abruptly fired. Kempczinski…
Read MorePapa John’s Reveals its new Atlanta Headquarters
Papa John’s on Tuesday revealed its new Atlanta facility, a 60,000-square-foot space in a shopping and entertainment area in the Northwest part of the city that is also home to an increasing number of corporate headquarters. The pizza chain, which will maintain its offices in Louisville, Ky., as well as London, U.K., plans to employ…
Read MoreDozens of Buyers are Eyeing Bankrupt NPC International Restaurants
More than 50 potential buyers are eyeing at least a piece of the massive number of restaurants operated by the bankrupt Wendy’s and Pizza Hut franchisee NPC International, setting a stage for a remarkably competitive set of auctions that start later this month. One of those bidders is the biggest restaurant franchisee in the U.S.,…
Read More
