French, Spanish Chains Bought By AmRest

AmRest, which runs KFC, Pizza Hut and Starbucks franchises in Europe and Russia, and has its own brands in Spain and France, is bent on making its name better known across the continent. Earlier this year, the company moved its headquarters from Poland to Spain, and in July, it acquired three foodservice operations.

After signing a binding agreement to buy the Spain-based burger chain, Bacoa, and its six “better burger” restaurants in Madrid and Barcelona, AmRest inked a purchase agreement with Telepizza to take over operations of its stores in Poland. AmRest will acquire 36 own restaurants and at the same time become the operator of 71 Telepizza franchises.

It capped the month by buying Sushi Shop Group, which operates sushi restaurants mainly in France, for about $281 million. The Paris-based company runs restaurants in 11 other countries including Great Britain, Italy and Spain.

AmRest also announced that it would invest more than $28 million in Glovo, a Spanish delivery startup.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

VNEXT Helps IFED Reach Record Numbers

Virtual conferencing platform helps distributor association connect with participants.

Read More...
Qdoba Exterior

Qdoba Welcomes New Franchise Development Chief

Peter Ortiz brings 30 years of experience to the role,.

Read More...
Wendy's announced the appointment of Kevin Vasconi as chief information officer, effective today. He will report to president and CEO Todd Penegor and serve on Wendy's senior leadership team. Prior to joining Wendy's, Vasconi served as executive vice president, chief information officer at Domino's Pizza, Inc. Emphasis on technology innovation helped Domino's achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the U.S. in 2019, Domino's generated over 65% of sales via digital channels. At Wendy's, Kevin will assume responsibility for all aspects of Wendy's global technology efforts, including Consumer-facing Digital, restaurant technology, enterprise architecture and technology, and information security. "Digital technology is a critical growth driver for Wendy's today and will be in the future," said President and CEO Todd Penegor. "Kevin Vasconi is an ideal leader to join our organization and help us advance to the next level. We are confident that his industry-leading experience will help to accelerate the growth we have already seen across technology channels in 2020, and he will lead a talented and well-resourced team focused on the substantial opportunities we see across the globe." "It's incredibly exciting to join The Wendy's Company in this next chapter of my career," said Vasconi. "The great potential for technology transformation at Wendy's, combined with the brand's 50-year heritage for quality and innovation tell me that the future is bright at Wendy's

Former Domino’s CIO Joins Wendy’s

Burger chain says Vasconi will oversee restaurant technology, and consumer-facing digital tech.

Read More...