News

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

Find out what QSRs have been up to on social media this week.

Industry leaders also provide their thoughts on brand innovation.

The new offering coincides with the mixed martial artist's upcoming speaking tour in Australia.

The new site is also the first of the Malaysia-inspired brand's express concept stores.

The Cypriot cheese has become a favorite in other countries.

The fast casual brand is known for their sirloin steak and chicken breast subs.

The company's Australian KFC network consists of over 220 sites.

Winners will be joined a Michelin star chef, the brand’s CEO and his mom.

Find out how the transition benefited the chain's operations.

The new site aims to target on-the-go customers.

The former minister also says the council is looking into a brand ranking system for potential franchisees. Further regulation will not stop incidences of poor standards and behaviour in franchising but better compliance to its code of conduct will, according to Franchise Council of Australia (FCA) executive chairman Bruce Billson. Speaking to industry leaders at the 2018 QSR Media Detpak Conference and Awards, the former minister says the code needs to be “actually enforced” and notes that the Australian Competition and Consumer Commission (ACCC) has assured the FCA that “they are an active regulator.” “We have proposed that the ACCC be given more resources so they can collect adequate data, investigate claims of wrongdoing and where breaches occur – take necessary action,” Billson said, amid ongoing public hearings into the effectiveness of the code due to recent allegations of misconduct against large franchising networks. He adds that the code needs to be better understood due to a strengthened version came into operation in January 2015, which he says improved its operations and included specific penalties for breaches while strengthening the ACCC’s enforcement powers. “It’s got strong penalties for non-compliance, enhanced disclosure requirements, a pre-contractual process to mitigate risk, explicit recommendations about seeking legal, accounting and business advice, mandatory contractual requirements around the transfer and termination arrangements and dispute resolution, protections around our marketing funds are used, and undisclosed capital expenditure. It also included a new reciprocal obligation to act in good faith.” Seeing trends in new franchise recruitment, Billson also thinks the code needs to be translated into key languages and notes that the code encourages franchisees to seek professional advice. “The FCA is actually recommended that we should make it mandatory to obtain legal accounting and business advice to inform prospective franchisees about what's in the disclosure document and also the nature of the investment they're contemplating,” he added.

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

Find out what QSRs have been up to on social media this week.

The spicy new burger features two different types of hot sauce.

The site is part of the brand’s long-term expansion strategy in Queensland.