Legal
GYG boosts IPO size by 38% to $335.1m
TDM Growth Partners will reduce its stake but remain a large shareholder.
Guzman y Gomez announces $2.2b IPO launch
The fast food chain expects to list on the ASX on 20 June.
Retail Food Group announces mixed results in investor update
Beefy’s and Gloria Jean's performed well, but other brands remained challenged.
Pizza Hut issues statement on $2.5m penalty over spam messages sent in 2023
The brand said it sincerely apologised to everyone who was contacted without consent.
Lord of the Fries issues statement on closure of last NSW outlet
Media recently reported its Newtown outlet appears to have shut down.
GYG eyes IPO in 2025 as it gets a $134.5m capital boost
The group now has a valuation of $1.725b
Din Tai Fung fined $4m
The FairWork Ombudsman called it ‘a calculated scheme to rob employees’.
Bondi Pizza Group's voluntary administrators issue statement
Read here for the full press statement.
Domino’s withdraws guidance for FY2024 outlook
The brand’s growth in ANZ was offset by slower growth in its other markets.
Restaurant Brands reports 2.7% total sales growth amidst economic pressures
Strong sales in its New Zealand market helped offset some of the negative effects.
Restaurant booking platform TheFork bids Australia goodbye
The company will shutter operations by 31 March.
Retail Food Group acquires Beefy’s Pies for $10m
The brand operates nine retail outlets.
No ‘mass exodus’ in GYG leadership team :GYG spokesperson
Read here for Guzman y Gomez’s full statement.
Pizza Hut issues statement over cyber incident
193,000 customers were impacted by the incident.
Retail Food Group same store sales surge 12.1%
The group reported growth amongst all of its brands.
PAG acquires F&B business Australian Venue Co from KKR
The F&B business owns and operates more than 210 bars, pubs, and restaurants.
Commentary
The Customer Retention Revolution: The predictive approach to preventing churn