,Singapore

Weekly Global News Wrap: Yum Brands invests $100m to combat inequality; U.S. operators forced to ‘re-close' due to record COVID-19 cases; Starbucks' ‘Impossible' sandwich

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

The parent company of drive-thru brands Checkers and Rally’s has reportedly solicited the help of financial advisers to explore a potential restructuring. According to the Wall Street Journal, Checkers has nearly $300 million in debt from its 2017 buyout by Oak Hill Capital Partners. Read more here.

Record cases of COVID-19 in some U.S. states are reportedly forcing restaurant operators to rethink their opening strategies, with some voluntarily shutting down for dine-in service again. Nation’s Restaurant News reports that the governors of Texas and Florida have moved to close bars for on-premise service. Read more here.

Yum! Brands revealed plans to invest $100 million to fight inequality, aiming to improve opportunities for frontline restaurant workers and increase the diversity of the company’s executive teams. As reported by Restaurant Business, the company said it will continue rolling out inclusive leadership and anti-racism training across the system. Read more here.

Online spending for U.S. fast-food chains’ breakfast items nearly doubled between the weeks of March 16 and April 13, according to data from Edison Trends. As reported by CNBC, such spending for breakfast meals peaked the week of May 11 and has since fallen slightly. Read more here.

Starbucks has partnered with Impossible Foods to add a new plant-based breakfast sandwich to its summer menu. As reported by Business Insider, the "Impossible Breakfast Sandwich" is made with a cage-free fried egg and cheddar cheese on ciabatta bread. Read more here.

Chuck E. Cheese’s parent company is set to close 34 of its U.S. locations permanently after filing for bankruptcy. As reported by USA Today, the company said it hopes to use the process to shed debt and emerge as a more sustainable operation. Read more here.

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

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.