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Restaurant Brands International Inc Add to portfolio

TSP:QSR, Jun 06, 07:59 UTC

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Monday, June 01


News

Burger King reopens Worcestershire branch

QSR

BURGER lovers have something to celebrate today as Burger King will be serving up Whoppers again at a Worcestershire outlet. The fast food chain is getting back in business after easing Covid-19 lockdown restrictions, reopening its restaurant in Foley Drive, Kidderminster from today (June 1) for drive thru orders. The chain says procedures have been put in place at the outlet to safeguard the health of both Burger King employees and customers, following detailed operational testing. These include additional PPE and extra training for staff, stringent cleaning measures, contactless delivery options via Deliveroo and Just Eat and customers won’t be able to access the full Burger King menu but popular meals like the Chicken Royale, Bacon Double Cheeseburger and Whopper will be available. Sorry, an error occurred.

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Friday, May 29


News

Tim Hortons begins reopening dining rooms as sales recover

QSR

The coffee and doughnut chain has also seen comparable sales slightly recover from declines of more than 40 per cent in March to a drop of approximately mid-20 per cent as of May 22, thanks to growing drive-thru and delivery demand. Duncan Fulton, the chief corporate officer at Tim’s parent company Restaurant Brands International (QSR), said in an interview Friday that the company has reopened approximately 500 sit-down dining rooms in British Columbia, Alberta and New Brunswick over the last week. We want to make sure that our dining rooms are open and welcoming, and that people people safe to be able to sit down and have coffee and breakfast with a friend.”. As some reopenings begin, Tim Hortons is also seeing improvement in sales, although its recovery still lags behind the boosts seen at Burger King and Popeyes. Speaking to the Bernstein Strategic Decisions Conference on Thursday, RBI’s chief executive Jose Cil said the recovery at Tim Hortons was in part due to rapid growth of delivery demand.

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Monday, May 18


News

Moto, QikServe launching mobile ordering at UK rest stops, starting with Burger King

QSR

The program will begin with a pilot at Burger King locations starting in June, according to a press release. The program will allow motorists to browse and pre-order meals from Moto's food outlets, select locatios and time and pick up the food upon arrival or have the food delivered to their vehicles. The announcement follows an agreement earlier this month with QikServe to offer mobile ordering at TGI Fridays in the U.K. "It's our duty to provide customers with a safe place to stop, a chance to get refreshments and refuel," Guy Latchem, IT director at Moto, said in the release. "But more than that, it's our goal to provide an exemplary service that go that extra mile, ensuring guests enjoy their experience with us. "Topics:Online Purchasing, Region: EMEA, Coronavirus / COVID-19, Mobile Payments, Mobile Apps, Contactless, RestaurantsCompanies:Burger King, Qikserve Limited.

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Sunday, May 17


News

18 more branches of Burger King to open on Monday - full list - Stoke-on-Trent Live

QSR

Burger King is to open 18 more branches for delivery and drive-thru on Monday, March 18. It xoimes as the popular burger chain says it plans to have at least one branch open in every city in the country by the end of May. There's a way to get £15 worth of food from Burger King once your local restaurant is operating. The fast food chain is currently not available on Just Eat but is likely to follow the likes of McDonalds and Pizza Hut in joining the delivery service once more restaurants are opened.

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Thursday, May 14


News

All the KFC, Burger King, Subway and McDonald's reopening in Nottinghamshire - Nottinghamshire Live

QSR YUM

You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Everywhere closed at the end of March as coronavirus began to get a grip on the UK. But now KFC, Burger King, Subway and McDonald's are gradually starting to reopen, with strict social distancing and hygiene measures in place to keep staff and customers safe. The fried chicken chain was one of the first to start reopening outlets across Notts for drive-thru and deliveries. So far the branches that have returned to business are at Springfield Retail Park, Hucknall Lane, Bulwell, Lincoln Street, Newark, and Fulmar Close, Forest Town. A limited menu is being served due to a scaled-back kitchen team who are social distancing.

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Wednesday, May 13


News

Tencent Invests in Canadian Cafe Tim Hortons, Eyes 1500 Stores in China - capitalwatch.com - via @CapitalWatchCom

QSR

Your Investment News From China to Wall Street. Tencent Invests in Canadian Cafe Tim Hortons, Eyes 1500 Stores in China. China’s coffee market has attracted a number of domestic and international players. May 13, 2020 9:45 AM PT. Canadian coffee chain Tim Hortons Inc. announced on Tuesday that it will digitize its business in China and add 1,500 stores in the country with the investment of Tencent Holdings Ltd. (HKEX: 0700). Toronto-based Tim Hortons announced the Tencent investment on the microblogging site Weibo on Tuesday but didn't disclose the amount of the proceeds in the statement. The coffee chain said that it will accelerate its digital innovation with Tencent's mini-program, lightweight apps that run inside the messaging app WeChat. "Tencent has established a unique platform that opens up consumers' online and offline lives. We will accelerate digital innovation, including the use of WeChat mini program, to bring customers a better consumer experience," Yongchen Lu, the chief executive officer of Tim Hortons China, said in the statement. Lu previously served as the chief financial officer at Burger King and later introduced Canadian coffee brand Tim Hortons to China through the establishment of a joint venture. Tim Hortons entered the Chinese market in February last year and based its first store in Shanghai's People Square. The company said in the statement that it plans to add over 1,500 outlets across the country together with its current 50 locations in China. The fast-growing company opened its stores at breakneck speed; Tim Hortons opened its second store 20 days after landing the first store, and after 50 days, a third store was opened. "When I joined Burger King in 2012, Burger King only had more than 50 stores, and now there are more than 1,000. So, why is it impossible to open 1,500 Tims in 10 years?" Lu said in an interview with Chinese business media in April 2019. Tim Hortons and American fast food restaurant chain Burger King announced a $12.5 billion merger in 2014 to form Restaurant Brands International (NYSE: QSR), which was expanded in a 2017 purchase of American fast-food chain Popeyes Louisiana Kitchen. The restaurant giant ranked as the fifth-largest fast-food restaurant entity after Subway, McDonald's, Starbucks, and Yum!Brands. The price of freshly ground coffee of Tim Hortons is sold at 17 yuan ($2.4), similar to Starbucks' pricing, while a cup of flavored coffee ranges from 20 to 30 yuan ($2.9 to $4.3). Cashing in on Chinese Coffee Drinkers. China's coffee market has attracted a number of domestic and international players. Luckin Coffee (Nasdaq: LK) fired its CEO and COO on Wednesday after an uncovered fraud. Since April 7, LK shares have been halted at $4.39 from its recent high of $27 in late March. As of January 2020, it managed 4,507 stores, exceeded the number of Starbuck locations in China. A number of foreign brands have entered into the booming Chinese coffee market in recent years. California-based Peet's Coffee entered the Chinese market in 2017, while Japan-based Doutor Coffee opened its first store in Shanghai in 2018. British coffeehouse Costa Coffee owns 460 outlets in China. Still, Seattle-based Starbucks is by far the biggest foreign player, with 3,600 stores in China and a digital cooperation agreement with Alibaba with. Shares in Restaurant Brands International were trading at $49.37 per share, down 5% Wednesday morning.

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News

Burger King reopens: Full list of restaurants

QSR

Burger King reopens - here's where and when more branches will follow. The company say they have reopened about 50 branches, including some drive-thru's across the country so far - all with a limited menu. An additional 72 stores will return on Monday, May 18, with 20 more reopening each week thereafter. What has the boss of Burger King said? In an interview on ITV's Good Morning Britain on Tuesday, Burger King UK chief executive Alasdair Murdoch said: "We’re opening increasingly and steadily.

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Tuesday, May 12


News

Five Burger King restaurants set to close for good

QSR

Five Burger King restaurants set to close for good. Esther Taunton18:41, May 12 2020. Burger King slumps into receivership after Covid-19 forces stores to close. Five under-performing Burger King restaurants in Wellington and Auckland could be closed for good as receivers seek to strike a "compromise" deal with the company's creditors. Burger King's New Zealand owners, Tango New Zealand Ltd, went into receivership on April 14 after the fast food chain took a significant hit during the coronavirus lockdown. The receivers, KordaMentha's Grant Graham and Brendon Gibson, said at the time the aim was to get the business restarted post-lockdown, and then sell it. To prepare for the sale, creditors, including restaurants' landlords, have been asked agree to a compromise deal, which would see them receive some of the money they were owed. READ MORE:. * Burger King failed to compete with McDonald's and KFC. * Coronavirus: Burger King NZ owners in receivership, hopes of sale. * Police happy with behaviour after Extinction Rebellion protests in capital. The deadline for the compromise deal to be struck was Tuesday evening. The restaurants proposed for closure are those in Courtenay Place and Lambton Quay in Wellington, and Queen St, Takapuna and WestCity Mall in Auckland. Documents lodged at the Companies Office on May 6 show $50 million is owed to the senior lenders. The receivers have previously said the lenders are a consortium of ANZ, ASB and Rabobank. The banks support the compromise deal, and have agreed to share half of any sale proceeds over $30 million if the company is sold as a going concern. They have also forgiven some interest payments and provided an overdraft to assist in the restart of the business. At April 1, the company had other creditors of approximately $11.8m, plus monthly rents of $1.7m it could not meet, compromise deal documents said. The receivers estimated the business would remain cashflow-positive until December if the creditors' compromise went ahead. The compromise deal paperwork showed how Burger King ended up in the hands of receivers. "As at 1 April 2020, the Company had creditors of approximately NZ$11,800,000 plus monthly rents of approximately $1,700,000 which it cannot meet at present," they said. "Even though the business has now restarted, it will take time for the Company to reach its pre-lockdown trading levels and there is uncertainty as to how quickly trading will recover. "The Alert Level 4 lockdown meant the business had to shut its doors for over 4 weeks and therefore was unable to pay its debts outstanding as at 1 April 2020 in the normal course of business." "The Company’s ultimate shareholders have advised they will not be putting any further equity into the business." That shareholder is private equity investor Blackstone based in London's Berkeley Square. That meant the company had breached its loan agreements with the banks. The Australian master franchisor BK AsiaPac PTE is backing the deal. Throughout the level 4 lockdown, the company received the Government wage subsidy, allowing it to pay its staff at least 80 per cent of their normal wage for 12 weeks, which enabled the company to reopen 71 of its 83 restaurants when the alert level was reduced to level 3. most popular. Breaking news?Send your photos, videos and tip-offs to. newstips@stuff.co.nz, or call us on 0800 697 8833.

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Monday, May 11


News

GDS Group Welcomes Fernando Machado, CMO of Burger King

QSR

NEW YORK, May 11, 2020 /PRNewswire/ -- GDS Group announced today that Fernando Machado, CMO of Burger King, will be delivering a keynote address at the upcoming CMO Brand Digital Summit this June 10-12. The closed-door summit will focus on driving key transformation in this new world by connecting senior executives from companies such as Adidas, Walmart, Peloton and Philips, by sharing their ideas and challenges and addressing the most pressing issues in the industry. Fernando Machado has been described as a 'brand genius' and 'the most loved CMO in advertising' but is also known for pushing creative boundaries to drive business growth, focusing on infusing the brand with purpose and inspiring the organization around brand development. Over the three days of the CMO Brand Digital Summit, you can expect live audience Q&As, live polling, interactive quizzes and moderated breakout sessions with our C-suite audience in attendance.

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Tuesday, May 05


News

Book a table for fast food? Burger King trials post-lockdown app in Italy

QSR

Like other fast food chains, sandwich outlets and coffee shops, Burger King, which serves an average 11 million people a day in 25,000 restaurants around the globe, is worried that social distancing rules and fear of contagion will put people off from popping into its stores to grab a burger and chips. "We need to be good at showing people that it's safe to come to a place which is perceived as being crowded, and give them options so they understand there is a safe way to come in," Andrea Valota, Burger King's chief in Italy, said in an interview. The chain plans to start testing the app in three of its Milan restaurants as soon as they are allowed to fully reopen, which is expected from June 1. If successful, the app could be used in other countries, Valota said. The chain, which on average serves 20 million people a year in Italy, gradually reopened around 40 restaurants for home delivery during the lockdown. Since May 4, when some restrictions were lifted and about 4.5 million Italians returned to work, it has been selling burgers at drive-through points.

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