,Singapore

Weekly Global News Wrap: Postmates revives IPO plans; Pizza Hut, Wendy's U.S. franchisee files for bankruptcy; McDonald's hits pause on reopening U.S. restaurants

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

U.S. food delivery company Postmates is filing for paperwork to go public, after receiving acquisition offers from Uber and a special purpose acquisition company, Fox Business reports. Uber turned its attention to acquiring the former after its deal to buy Grubhub fell apart. Read more here.

Pizza Hut and Wendy’s franchisee in the U.S. filed for bankruptcy, looking to sell its burger restaurants as it continues to hold talks over the fate of its pizza outlets. The Wall Street Journal reports that NPC International Inc. had been struggling even before the coronavirus pandemic forced many of its restaurants to close. Read more here.

McDonald's is hitting pause on dine-in reopenings as COVID-19 cases rise across the U.S. As reported by Business Insider, the fast food giant would for three weeks before adding dine-in to their delivery, takeaway and drive-thru operations. Read more here.

Starbucks said it will pause advertising on “all social media platforms”, the latest major advertiser to make such an announcement amidst a boycott that began with Facebook. As reported by NBC News, the coffee giant pledged to have discussions internally and with media partners and civil rights organizations to stop the spread of hate speech. Read more here.

Taco Bell has launched a Grilled Cheese Burrito, dubbed as their “cheesiest new menu item of the year so far.” Taking inspiration from a grilled cheese sandwich, it is served at participating U.S. locations. Read more here.

Photo credit: Postmates Facebook

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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.