Weekly Global News Wrap: KFC, Pizza Hut pull out from Russia; Fox wants Pret a Manger in Israel; Domino’s Pizza names new CFO

Here is a summary of the most interesting QSR news stories of the week from around the world.

KFC and Pizza Hut are moving out from Russia amidst the Ukraine-Russia unrest. Yum! Brands declared that it is nearly complete in removing some of the franchise rights of KFC locations to a local Russian firm. Read more from Yahoo Finance.

Fox-Wizel Group, an Israeli retail chain, is looking to bring the UK food franchise, Pret a Manger to Israel. The firm told Tel Aviv Stock Exchange and said negotiations have not been previously reported due to Pret a Manger’s request. Read more from Globes.

Domino’s Pizza tapped Edward Jamieson, a former regional finance director for Just Eat, as its new finance chief. Jamieson will start his post in October 2022. Read more from Reuters.

Greggs made a deal with Ascona, one of the UK’s forecourt firms, to expand its portfolio. Ascona wants to set up at least 30 Greggs stores. Read more from Business Live.

Pret a Manger recovered from heavy losses in the COVID-19 crisis after its profit improved in March. The coffee store said its sales returned to 2019 levels. Read more from This is Money.

Follow the link s for more news on

Campaigns

Partnerships

Also Read

Weekly Global Wrap: Wendy's to shutter 140 restaurants; TGI Fridays files for bankruptcy; Baskin-Robbins new brie-flavoured ice cream

Weekly Global Wrap: Yum! Brands pulls onions from restaurants amidst E. Coli outbreak; Nando's launches new growth strategy; Denny's shutters 150 restaurants

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit