Weekly Global News Wrap: Krispy Kreme files US$100m IPO; McDonald’s tries automated drive-thru ordering; Elon Musk’s Tesla files paperwork for restaurant concept
Here is a summary of the most interesting news stories of the week from around the world.
Krispy Kreme has filed documents for a US$100 million initial public offering, banking on strong revenue growth and shifted plans for sales at retail shops, Restaurant Business has reported. The chain had been a public company until it was taken private by the European investment firm JAB Holdings in 2016. Read more here.
Ten McDonald’s restaurants in the U.S. are testing automated drive-thru ordering using artificial intelligence software, its CEO said. As reported by CNBC, the restaurants using the voice-ordering technology are seeing about 85% order accuracy. Read more here.
Chuck E. Cheese is planning to hire 5,000 employees across its 460 U.S. locations, Restaurant Dive reported. The company is offering employees access to up to 50% of their earned wages instantly after their first week of employment, as well as flexible work schedules, medical, dental, vision, life and disability insurance amongst others. Read more here.
Nation’s Restaurant News reported that Elon Musk’s Tesla, Inc. filed for three new trademarks on 27 May under the category of restaurant services, leading to some publications suggesting the company would open a restaurant concept or chain. Read more here.
Dunkin’ and Tim Hortons are just some of the chains celebrating National Donut Day in the United States, according to a list by Chewboom. Read more here.