Our weekly newsletter covers noteworthy and curious news from the international hospitality business. Find out what we've discovered about McDonald's Q4 results, Subway shrinking and a new food conference in Berlin.
Your FoodService Bites team
Events Foodservice Forum, Hamburg - 14. March 2019
Like every year, the foodservice forum, organized by business magazine food
service, presents an outlook of the future of professional foodservice. (Approx. reading time: 1 min.
) New Food Conference, Berlin - 21. & 22. March 2019
ProVeg, one of the leading international food awareness organisations, has organized a two-day conference that will focus on the most important developments in plant-based foods and cultured animal products. (Approx. reading time: 2 min.
)www.proveg.comMasterclass for International Growth & Franchising - 15. March 2019
Presented by entrepreneur Mario C. Bauer and lawyer Babette Marzheuser-Wood, the event offers insightful tips and tricks for companies who want to expand internationally. (Approx. reading time: 1 min.
McDonald's releases Q4 results
Overall same-store sales rose to 4.4 percent, whereas the U.S. market saw a slightly smaller increase of 2.3 percent. (Approx. reading time: 1 min.
)www.bloomberg.comSubway looses stores
The sandwich chain closed approximately 1,100 units in the United States last year. With currently 24,798 stores its the company's lowest store count since 2011. (Approx. reading time: 2 min.
)www.restaurantbusinessonline.comKFC launches global sustainability initiative
Under the initiative, the fast-food chain wants to make its plastic-based packaging recoverable or resuable by 2025. (Approx. reading time: 1 min.
Weekly Research Bite
Promotions and meal deals are a win-win-situation for guests and operators. European Restaurant guests perceive them as 'good value for money'. At the same time, people spend more money, therefore, operators have more in their cash registers. The average of the Big 5 European countries (GB, France, Germany, Italy and Spain) shows that the eater check is more than 30 percent higher when a value meal was bought compared to the average check.www.npdgroup.com
New COO für Yum BrandsDavid Gibbs has been named the company's new president and chief operating officer. He will report directly to Yum's CEO Greg Creed. (Approx. reading time: 1 min.)
www.restaurantbusinessonline.comBojangles' strengthens executive board
The North Carolina-based chicken chain is joined by former McDonald's-veterans Jose Armario and Brian Unger, who take on the roles of CEO and COO. (Approx. reading time: 1 min.
Howard Schultz for president
By the way …
The former Starbucks CEO teased a potential run for U.S. president in an interview with CBS. Schultz claims he wants to run as a centrist independent outside of the two-party system. (Approx. reading time: 2 min.