Weekly Global News Wrap: MOD Pizza plans to go public; Papa John’s to boost presence in Africa; FAT Brands to acquire another chicken concept

Here is a summary of the most interesting news stories of the week from around the world.

American fast casual restaurant chain MOD Pizza is the latest to declare plans to go public, confidentially filing IPO documents with the U.S. Securities and Exchange Commission. As noted by Restaurant Business, it would be the eighth restaurant chain in the U.S. to do so this year. Read more here.

Papa John’s announced it has entered into a new franchising partnership to bolster its presence in Africa, aiming to open 60 restaurants in Kenya and Uganda over the coming years. Read more here

McDonald’s has been urged to conduct a third-party audit of its policies. As reported by Nation’s Restaurant News, SOC Investment Group, sent a shareholder proposal to McDonald’s board urging an audit of policies and practices on “the civil rights of company shareholders, franchisees, workers and consumer communities.” Read more here.

FAT Brands is set to acquire its third chicken wing concept, announcing it has agreed to buy U.S.-based restaurant chain Native Grill & Wings for US$20 million. The acquisition is expected to close in mid-December 2021. Read more here.

Starbucks workers at a store in Arizona, U.S. sent a letter to the coffee giant’s president and CEO Kevin Johnson announcing their intent to form a union and requesting him sign a series of fair election principles, Restaurant Dive reported. Read more here.

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The “combined” concept features the operator’s PappaRich, NeNe Chicken, Hokkaido Baked Cheese Tart and Kurimu brands.
Initially launched in Singapore, the feature will be rolled out across the rest of its APAC markets shortly.
The chain also introduced broccoli cheese balls as a new side dish option.
Burger King currently has around 150 and 440 outlets in Japan and South Korea, respectively.
More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.
The company expects approximately 50,000 jobs to be created as a result.
The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.
The unmanned store chain, located in Wirye New Town, is selling about 120 kinds of products.
The fast food chain estimates that stocks will be replenished by late January.
The chain now expects to have more than 45 Shake Shacks across Korea, Singapore, and Malaysia that year.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The chain has grown to employ more than 3,000 staff in over 600 stores across 45 cities.