Here is a summary of the most interesting QSR news stories of the week from around the world.
Starbucks is eyeing 2,100 new stores globally in 2019, CNN has reported. Its CEO Kevin Johnson said that in the company will "focus on our long-term growth markets of the U.S. and China" for the said year. Read more here.
Papa John’s Pizza’s shares have rocketed up to 10% last October 30 after reports that said private equity firms are fighting over the pizza chain, according to Markets Insider. An analyst have also said that the chain could be valued at US$63.50 per share during acquisition. Read more here.
Pizza Hut and car company Toyota has partnered to launch a pickup truck that has a fully-automated kitchen dedicated for making pizzas. The car contains its own refrigerator, computer-guided robotic arms and a portable conveyor oven. Read more here.
KFC has chosen a winner for their Baby Harland Naming contest where they will give US$11,000 for the child’s education, Fox News reported. The baby has the name of Harland Rose and was born on the same day the chicken chain’s founder Colonel Harland Sanders did. Read more here.
Yum! Brands, operator of KFC, Pizza Hut and Taco Bell, reported their third quarter financial results with worldwide system sales increased to 5%. They ended the period having opened 410 new stores with a 4% net new unit growth. Read more here.
Dunkin’ Donuts and Applebee’s has announced that they will be giving away their items for free on Veterans Day this coming November 11. Dunkin’ is offering veterans and active duty military a donut of their choice, while Applebee’s will be serving them up to 1 million free meals.
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