Weekly Global Wrap: No more Domino's in Italy; KFC offers chicken feet, necks in China\; Shake Shack prices up in Q4; Taco Bell to invest $100m for pan-India expansion
Here is a summary of the most interesting QSR news stories of the week globally.
To mitigate rising costs, KFC is now serving chicken feet in China. Yum China, which owns KFC, Pizza Hut and Taco Bell chains, told investors that chicken feet will land in the restaurant chain’s menu. More from Yahoo Finance.
London waffle store Bubblewrap will open its first international store. It will open in Qatar later this year. More from Big Hospitality.
Domino's Pizza stores left Italy, home of pizza making. It opened 29 branches, which are now closed. More from The Guardian.
Taco Bell will invest about $100m to speed up its pan-India expansion plans. This chain will open its 100th outlet this month and eyes increasing the count to 600. More from Mint.
Prices at Shake Shack will increase between 5% and 7% in the fourth quarter of 2022. It will be the second time for the restaurant chain to do so. More from Restaurant News.
Papa John’s increased its prices between 7% to 8% in 2022 whilst inflation continues to bite the industry. Labour costs and “lacklustre international performance” affected its same-store sales. More from Restaurant News.
Papa John’s adds Papa bowls to its menu. It will be available for “loyalty members” on 15 August. More from Restaurant News.
