Weekly Global News Wrap: Chains close indoor seating as U.S. cities mandate vaccine checks; Papa John’s biggest U.S. franchising deal; McDonald’s celebrates McRib’s 40th anniversary
Here is a summary of the most interesting news stories of the week from around the world.
As U.S. cities require restaurants to check proof of COVID-19 vaccination to dine indoors, some fast-food chains are simply shutting their seating areas altogether, Reuters reported. Read more here.
Papa John’s announced a 100-store development deal across the U.S. state of Texas through 2029 in partnership with franchisee operator, Sun Holdings, Inc - the company’s largest U.S. franchise deal in its history, Nation’s Restaurant News reported. Read more here.
Fat Brands announced the completion of the US $300 million acquisition of casual-dining sports bar brand Twin Peaks, after initially agreeing to the purchase in September, Nation’s Restaurant News reported. Read more here.
Portillo's is targeting a proposed maximum aggregate offering price of $100 million as part of its initial public offering, Restaurant Dive reported. The company plans to use the proceeds from its offering to repay debt. Read more here.
McDonald’s is celebrating the 40th anniversary of the McRib by bringing the sandwich back again in the U.S., Restaurant Business reported. Read more here.