Bridgepoint Advisors Limited is holding preliminary talks with investment banks about auctioning the United Kingdom''s branch of Restaurant Brands International Inc.''s Burger King, Sky News rep
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Summary List Placement One of America''s biggest food companies has been riding high thanks to pandemic-lifted sales at grocery stores. But analysts say trouble may be on the horizon for Kraft Heinz. In fact, the worst-case scenario might already be here. Private equity firm 3G Capital and Warren Buffett''s Berkshire Hathaway have overseen billions in cost cutting measures since Kraft and Heinz merged in 2015. Former employees told Insider that those reductions have made working there difficult, with tight budgets forcing some employees to cover their own travel expenses. The pandemic-induced habit of eating more at home has given food companies like Kraft Heinz a sales boost over the last year. But sales of most of the company''s products, including Oscar Mayer hot dogs and Heinz ketchup, were stagnant or even declining before 2020. Kraft Heinz''s 2019 net sales decreased 2% thanks to lower demand for its cheese, meats, and coffee, the company said in an annual filing. To date, its stock price has tumbled 46% since the company''s creation in 2015.
Summary List Placement Under the private-equity firm 3G Capital and Berkshire Hathaway, Kraft Heinz was supposed to be a powerhouse in the food world. But current and former employees said 3G-approved executives and a maniacal focus on cutting costs have hobbled the two historic brands. Many are leaving and fear for the company''s future, especially as a sales boost from eating at home fades post-pandemic. While other food companies, such as General Mills and Kellogg, risk a similar slowdown as society opens up, Kraft Heinz is in a more direr place, analysts said. The company known for decades-old products such as Kraft macaroni and cheese, Heinz ketchup, and Oscar Mayer hot dogs has had few innovative products over the years to sustain growth. Insider spoke with nine current and former employees. The former employees all left the company in the past six months. Insiders said that 3G''s cost-cutting has left the company unable to introduce new products, such as plant-based meat. They also said the deep cuts have caused morale to plummet and turnover to soar.
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Summary List Placement Drive-thrus are key for McDonalds. About 95% of the chain''s nearly 14,000 US locations have drive-thrus, with 25,000 worldwide. Source: Restaurant Dive "Drive-thru made McDonald''s what it is today," McDonald''s CEO and president Chris Kempczinski said in an earnings call in April. During the pandemic, drive-thrus became more important than ever, making up 90% of orders. I gave the classic drive-thru experience a try to see how one of the biggest chains in the world stands up to other formats. Source: Insider I used the McDonald''s app to order a quarter pounder and Big Mac, and of course fries. The app is pretty standard compared to other fast food mobile ordering. I selected my order and location and then went to pick it up through the drive-thru. The app gave me a short code to give the worker at the speaker, which I think made things move slightly faster than trying to repeat my name a few times. My McDonald''s location has double drive-thru lanes, a relatively recent innovation that was added to reduce wait times and bottlenecks.
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There''s no disputing that online ordering is a must for maximum profitability and customer experience excellence. Check out the checklist used by leading QSR and fast casual brands to improve their online ordering strategy.
FRANKLIN, Tenn., July 7, 2021 /PRNewswire/ -- CKE Restaurants Holdings, Inc. ("CKE") announced today a master franchise agreement with CJ''s QSR (Franchise) Group Pty. Ltd. ("CJ''s QSR") to expand Carl''s Jr.''s presence throughout Australia. The partnership marks an extension of CKE
London-based vegan fast-food restaurant Ready Burger has announced the close of a hugely successful crowdfunding campaign, raising £2 million in an oversubscribed campaign. The 100% plant-based QSR brand reached its initial £1.5 million target in a matter of hours before extending. Ready Burger claims to have created the UKs first scalable, value-driven, entirely plant-based QSR brand, with menu items at a price point which rivals global fast-food chains like McDonalds or Burger King. The sustainability-focused brands £1.99 signature burger bears a striking resemblance to a Big Mac, and the rest of the menu offers veganised versions of fast-food classics. Ready Burgers first site is on Park Road in Londons Crouch End, with a second site due to open on Finchley Road in September. Third and fourth sites are reportedly in the pipeline, with the brand saying it will use the investment to grow its business across different verticals, and open new outlets across London and beyond. The group is currently open to franchise opportunities.
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