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Chinese QSR market to pass $280B by 2017
According to a new report released by market insight firm Mintel, China's quick-service and takeaway market is expected to reach RMB 1.8 trillion ($283.4B U.S. dollars) by 2017, largely bolstered by … -
McDonald's defends nutritional options, children's marketing
The company plans between 1,500 and 1,600 new restaurants this year, most of which will open in new and emerging international markets.- Alicia Kelso -
Yum Restaurants International names preferred LED supplier
The Pharox range of LED lighting by NTL Lemnis, a JV company of NTL Electronics of India and Lemnis Lighting Netherlands, has been selected as the preferred lighting supplier for Yum Restaurant … -
Cold Stone marks 25th anniversary, Nigeria opening
Cold Stone Creamery is marking its 25th anniversary milestone by bringing back a lineup of customer favorites, including the Strawberry Blonde, Peanut Butter Cup Perfection, Oreo Overload, Birthday … -
McDonald's plans to accelerate China business
Despite the supply chain drama that has befallen Yum! Brands in China this year, McDonald's has plans for an aggressive expansion in the market. Bloomberg reports that the Golden Arches expects to … -
Dutch McDonald's units add solar carports
Three towns in The Netherlands have been chosen by McDonald's to include new solar carports built to offer customers an ecological way to protect their cars. The McDonald's restaurants, in Alkmaar … -
Pollo Tropical continues Panama expansion
Pollo Tropical has opened its 32nd internationally franchised location, and its second in Panama City, Panama. The two-level restaurant is located in a new entertainment and dining complex in the … -
McDonald's feeling effects of challenging global economy
McDonald's Corporation today announced that global comparable sales decreased 0.6 percent in April, mostly due to the continued challenging global economy. Europe sales, for example, were down 2.4 … -
McDonald's Canada marks 20th McHappy Day
Today marks the 20th anniversary of McDonald's Canada McHappy Day, a fundraising event where $1 from every Big Mac sandwich, Happy Meal and hot McCafé beverage sold will be donated to Ronald … -
Former Nestlé chief chosen to lead Tim Hortons
Tim Hortons Inc. announced the appointment of Marc Caira as president and CEO, effective July 2. He replaces Paul House, who will become non-executive chairman of the board of directors at that time … -
Boardwalk Fresh Burgers & Fries plans 100-plus units in China
Boardwalk Fresh Burgers & Fries will expand across China through a master development agreement signed with ICON. The agreement with ICON marks the brand's first foray into China. The development … -
Another meat scandal hits China food industry
Another meat supply scandal has hit the China food industry. Shanghai authorities are now testing mislabeled mutton from a wholesaler that was initially rumored to supply Yum! Brands' Little Sheep … -
Burger King franchisee acquires 90-plus restaurants in Germany
Burger King announced the sale of its wholly owned subsidiary Burger King GmbH and its 91 company-owned restaurants in Germany to Yi-Ko Holding GmbH, owned and operated by Ergün Yildiz and … -
McDonald's CEO: Mobile is a huge opportunity
McDonald's CEO Don Thompson sat down for an interview on CNBC's "Squawk on the Street" program last week and offered a few insights into the company's China business, menu pipeline and efforts to … -
Burger King calls turkey burger one of best Q1 LTOs
Burger King Worldwide Inc. today reported financial results for the first quarter ended March 31. Although earnings per share grew 49 percent in Q1, the brand turned in negative comparable sales of 1 … -
Baskin-Robbins plans 50-unit expansion in the Philippines
Baskin-Robbins has signed a master licensing agreement with IceDream Inc. to develop the brand in the Philippines. The agreement calls for the development of shops in major metropolitan areas across … -
Cold Stone Creamery expands into Saudi Arabia, Pakistan
Less than two weeks after announcing international expansion plans into the Philippines and Bangladesh, Cold Stone Creamery has signed a 10-year master franchise agreement with Venus Pakistan Private …1 comment -
Yum! expects China recovery to take 6 to 9 months
KFC and Pizza Hut U.S. sales soft in Q1; attributed to lack of innovation and value compared to competition.- Alicia Kelso -
McDonald's exec: Supply chain, real estate, franchisees keys to global growth
McDonald's Middle East Development Company's managing director says keeping the consumers' wants in mind is important for a brand hoping to expand globally.- Cherryh Butler -
Burger King sells Canadian restaurants to master franchisee
Burger King Worldwide announced the sale of its Canadian subsidiary Burger King Restaurants of Canada, including 94 company-owned restaurants in the market, to Redberry Investments Corp. Redberry is …
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