Weekly Global News Wrap: Starbucks' largest roastery; Subway's new CEO; TGI Friday's to go public
Here is a summary of the most interesting QSR news stories of the week from around the world.
Subway has announced that former Burger King chief executive John Chidsey will become its next CEO effective 18 November, a year after the post became vacant. According to Bloomberg, Chidsey was former CFO and held other senior positions at Burger King Holdings, as well as held a seat at the Board of Brinker International Inc., the parent company of Chili’s and Maggiano’s. Read more here.
Starbucks in the US is slated to open its world's largest roastery in Chicago on 15 November, USA Today has reported. According to the report, the five-story, 35,000-square-foot roastery features a “56-foot steel cask” which holds and transfers beans at the middle of the building's glass atrium. Read more here.
TGI Friday’s has announced that it is going public following a merger agreement with Allegro Merger Corp. on 8 November, according to Nation’s Restaurant News. TGI Friday’s CEO Ray Blanchette says the agreement is a “significant strategic move” in gaining access to capital to “accelerate the rejuvenation of this iconic global brand.” Read more here.
Shake Shack in the US is now live on food delivery platform Grubhub, Fast Casual reports. After various pilot attempts with other third-party providers, the fast casual burger brand has extended an exclusive partnership with the food delivery platform despite uncertainty in sales impact. Read more here.
Dunkin’ has released a full merchandise line in its online pop-up store. Delish reports that the line includes, sweaters, pajamas, onesies, fanny packs, lunch boxes, scrunchies, bandanas. Read more here.
Krystal in the US has appointed Tim Ward as new CEO following the exit of former executives, ex-president Paul Macaluso and ex-CEO Berry Epley, Nation's Restaurant News reports. Ward previously served as the chief executive of seafood restaurant Captain D’s. Read more here.
