,APAC

Weekly Global News Wrap: Panera to go public again; DoorDash widens reach with Wolt acquisition; Fast food chains grow appetite for celebrity partnerships

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

Panera Bread is readying to go public again, also announcing it has secured an investment from special purpose acquisition company USHG Acquisition Corp. As noted by CNBC, Panera has been private since JAB Holding bought it for $7.5 billion in 2017. Read more here.

Sweetgreen said it expects to sell stock at US$23-$25 per share, raising up to US$312.5 million in an initial public offering. As reported by Bloomberg, the fast casual chain could have a market valuation of about $2.7 billion based on the total number of shares outstanding after the IPO. Read more here.

DoorDash is set to acquire Finland-based delivery provider Wolt for US$8 billion in stock, Restaurant Business reported. The move will vastly expand the delivery platform's international footprint, as Wolt operates in 23 countries, 22 of which will be new markets. Read more here.

Major fast food chains continue their string of unique partnerships with international celebrities. In separate reports from CNN, McDonald's is partnering with Mariah Carey for 12 days of giveaways whilst Starbucks teamed up with Taylor Swift to unveil the singer’s favorite drink - a grande caramel nonfat latte. 

In separate reports from Nation’s Restaurant News, Tim Hortons is collaborating with Justin Bieber for a limited-edition selection of Timbiebs Timbits and merchandise, and Popeyes is expanding its collaboration with rapper Megan The Stallion, by offering merchandise inspired by anime art.

Join QSR Media Australia community
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!

The “combined” concept features the operator’s PappaRich, NeNe Chicken, Hokkaido Baked Cheese Tart and Kurimu brands.
This reliable equipment makes pebble ice – a midpoint between fast-ice and the classic flake ice. 
The sandwich chain sold almost 357,900 additional cookies in 2021 compared to 2020.
Adopting data-backed solutions can spell the difference between savings and losses.
Last December, the brand teamed up with Budgy Smuggler to create Footlong and Six-Inch swimwear.
The unmanned store chain, located in Wirye New Town, is selling about 120 kinds of products.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
This was inspired by tennis player Ash Barty, who coined the feed the "unofficial dish" of the Aussie Open.
The initiative comes as Aussies increasingly search for the single-use items.
The fast food chain first tested the Beyond Meat product in August 2019.
The range is available from $55 exclusively at Budgy Smuggler stores and online.
The chain initially had a pop up in the town early last year.