Burger King plots 200 new UK restaurants as fast food giant eyes whopper £600m London float April 25, 2022 Burger King is eyeing an additional 200 restaurants in the UK over the next four years, after “significant under-penetration” in the country’s market. The burger chain, which has been eyeing a London float since last year, said its adjusted EBITDA nearly tripled to £49.5m. In results for the year ended 31 December, the fast food [...]
Renault restarts production in Moscow, backed by main shareholder, the French government March 21, 2022 The French government has backed carmaker Renault’s decision to resume manufacturing at its Moscow plants. The company had suspended production last month due to logistical issues relating to the war in Ukraine. The move was made on Vladimir Putin’s order, according to The Guardian. Renault, which the French government is the main shareholder of, has [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]
Why your next ski break should be in Austria’s Ischgl & Kappl February 28, 2022 “Relax if you can” is Ischgl’s motto and for a high quality, luxury ski destination the place is hard to beat. Walking down Ischgl’s main drag opulence hits you like a diamond-encrusted knuckleduster. Four and five star hotels rule the strip. Our choice was Hotel Piz Buin – all the luxury I could wish for [...]
Burger King UK’s owners court investors ahead of £600m float February 14, 2022 Burger King UK’s private equity owners have begun a charm offensive with investors as they look to build support to float the firm’s UK division in the first half of this year.
Neat Burger eyes further sites ahead of Canary Wharf opening February 10, 2022 Neat Burger is readying a Canary Wharf store after opening a flagship site in Bishopsgate last month. The plant-based group will open its site in the financial district on 16 February, as the chain hopes to entice office workers looking to make healthy choices. The brand has seen delivery orders in the Square Mile and [...]
Shares in private equity giant TPG surge after flotation January 14, 2022 Shares in US Private equity giant TPG surged on its first day of trading.
Burger King takes over 12 restaurants from franchisees December 27, 2021 Burger King UK announced this morning it has struck an agreement to snap up 12 new restaurants from franchise partners. The master franchisee for Burger King in the UK has confirmed it will take over all the fast food chain’s restaurants operated by franchise companies Kaykem Fast Foods Limited and Saxby. The deal will continue [...]
US chain Wendy’s beefs up UK presence with 50 new branches November 25, 2021 Fast food chain Wendy’s plans to open 50 new locations across the country, marking the third attempt by the popular US burger chain to break the UK market, according to reports. The bold move was prompted by strong sales at five UK restaurant sites, including in Croydon and Stratford, according to the Financial Times, which [...]
Burger King owner’s shares tumble on back of revenue update October 25, 2021 A lower than expected appetite for Burger King and Tim Hortons caused parent company Restaurant Brands International (RBI) to miss quarterly revenue estimates. While the company’s total sales jumped by 10.8 per cent the latest quarter after declining 5.4 per cent over the same period in 2020, the group continued to feel the impacts of [...]