Nando’s Peri-Peri, the South African-Portuguese restaurant chain, has hatched its first major expansion since moving to the U.S. seven years ago. Nando’s has opened two of three units planned for Chicago.The chain, which operates spicy, flame-grilled chicken restaurants in 23 countries, first moved to the U.S. in 2008. It set up shop in Washington, D.C.,…
MOREFive years after Myanmar’s military government opened the country to the world, at least two QSR chains have set up business there. In April 2013, South Korean burger chain Lotteria opened in Yangon, the country’s most commercially important city, and announced plans to open 24 more Burmese sites by 2016. Now KFC has become the…
MOREIs the U.S. primed for fast-casual sushi? London-based Yo! Sushi thinks so and is counting on filling the need for fast-casual sushi that other chains have missed. The 87-unit chain is in the early stages of expanding its footprint in the U.S. It’s opened two successfully received locations in New Jersey and Florida, has another…
MOREAfter years of sluggish growth, the U.S. foodservice market has finally broken out of the doldrums. Strong jobs growth and the dramatic drop in energy prices in the second half of 2014 has helped push consumer confidence to post-recession levels. One benefit has been strong growth in sales and traffic in the U.S. foodservice market.…
MOREWe’ve known for a long time that the foodservice market in the Europe is significantly smaller than in the United States. New research from Peter Backman, principal at Horizons, the London-based research firm, details just how much smaller. Backman toted up the populations and foodservice markets of the U.S. and the five largest sub-markets of…
MOREWith crude-oil prices continuing to weaken, Thailand’s largest energy firm is diversifying and diving into the American QSR business. PTT Plc. has signed a franchise deal with U.S.-based Texas Chicken. PTT plans to invest 1.5 billion baht (US$44.2 million) to open at least 70 Texas Chicken branches over the next five years. The first restaurant…
MOREIn May, in one of the largest-ever acquisitions in the UAE of a home-grown foodservice brand, Dubai-based Marka Holding bought restaurant chain Reem Al Bawadi for approximately AED315 million (US$86 million). Marka, which focuses on the retail and hospitality sector in the UAE, plans an ambitious expansion program across the Gulf Cooperation Council for the…
MORELast month, South Africa’s biggest franchise group, Famous Brands, acquired a controlling interest in Retail Group, its licensee in Botswana. Established in 2000, Retail Group comprises 19 company-owned restaurants and manages nine franchised restaurants across Botswana. Its portfolio includes Wimpy, Debonairs Pizza, Mugg & Bean, Milky Lane and Steers outlets. A consortium of investors currently…
MOREAlto-Shaam has made changes to its global leadership team, promoting Mark Kreple, Senior V.P.-International Sales, to a consulting role at the Wisconsin firm after 11 years leading the development and management of Alto-Shaam’s international business; he oversaw a near tripling of global sales volume and the restructuring of business in Canada, as well as the…
MOREThe Middleby Corp. has expanded globally again, acquiring the assets of Induc Commercial Electronics, a Qingdoa, China, manufacturer of commercial induction-cooking equipment. Induc, an established brand in China with a growing presence in other Asian countries, has annual revenues of approximately US$10 million. Middleby Chairman/CEO Selim Bassoul cited Induc’s broad line of induction products, marketed under…
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