Here is a summary of the most interesting QSR news stories of the week from around the world.
Papa John’s founder John Schnatter sold parts of his US$9.8 million shares. As reported by the Courier Journal, Schnatter has sold a combined US$3.8 million shares for at least US$50 per share through investment advisers UBS. Read more here.
McDonald’s unveiled tiny replica of its restaurant dubbed the ‘McHive’. As reported by the Irish Examiner, the beehive replica is designed to look like a McDonald’s restaurant and features seating, a drive-through and an entrance. Read more here.
Burger King announced that it’s helping select graduates pay off student loans. In a report from USA Today, students have to download the Burger King app, make a purchase and enter their monthly debt repayment amount to qualify and have their loans covered by the company. Read more here.
Little Caesars and Impossible Foods teamed up for Impossible Supreme Pizza. According to a press release, Little Caesars is the first national pizza chain to offer plant-based meat on its signature pies, the Impossible Sausage already trialled in the brand’s three markets. Read more here.
MOD Pizza raised US$160 million in an equity financing. According to a press release, the company expects to reach approximately 1,000 locations over the next five years, creating more than 14,000 new jobs and enhance the experience it provides customers through investments in off-premise and digital capabilities. Read more here.
Photo credit: McDonald's Facebook
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