Weekly Global News Wrap: Dunkin's hiring spree; Just Eat-Takeaway gobbles up Grubhub; McDonald's U.S. franchisees want limited menu
Here is a summary of the most interesting QSR news stories of the week from around the world.
Dunkin’ is looking to hire 25,000 employees as the U.S. restaurant industry tries to bounce back from the coronavirus pandemic. As reported by CNBC, the chain is launching its first advertising campaign centered on hiring to tout the benefits of working at its restaurants. Read more here.
U.S.-headquartered delivery platform Grubhub is merging with European delivery giant Just Eat-Takeaway for an estimated US$7.3 billion. As reported by Tech Crunch, the combined operation — which processed 593 million orders in 2019 — will have over 70 million combined active customers globally. Read more here.
A day after its acquisition, GrubHub was sued by Yum! Brands for allegedly reaching the parties’ five-year food delivery contract by “unilaterally imposing a new pricing structure” to the company’s franchisees without warning. As reported by Nation’s Restaurant News, the operator of KFC, Pizza Hut and Taco Bell invested US$200 million in Grubhub in 2018 to help expand its U.S. delivery network. Read more here.
McDonald’s franchisees in the U.S. are clamoring for corporate to retain the chain's limited menu. As reported by Restaurant Dive, the menu is said to have improved sales and expedited wait times. Read more here.
As many as 85% of independent restaurants in the U.S. may permanently close because of the pandemic by end-2020. Business Insider reported that the Independent Restaurant Coalition is also pushing for US$120 billion in grant funding from its Congress. Read more here.
