Weekly Global News Wrap: MOD Pizza plans to go public; Papa John’s to boost presence in Africa; FAT Brands to acquire another chicken concept

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

American fast casual restaurant chain MOD Pizza is the latest to declare plans to go public, confidentially filing IPO documents with the U.S. Securities and Exchange Commission. As noted by Restaurant Business, it would be the eighth restaurant chain in the U.S. to do so this year. Read more here.

Papa John’s announced it has entered into a new franchising partnership to bolster its presence in Africa, aiming to open 60 restaurants in Kenya and Uganda over the coming years. Read more here

McDonald’s has been urged to conduct a third-party audit of its policies. As reported by Nation’s Restaurant News, SOC Investment Group, sent a shareholder proposal to McDonald’s board urging an audit of policies and practices on “the civil rights of company shareholders, franchisees, workers and consumer communities.” Read more here.

FAT Brands is set to acquire its third chicken wing concept, announcing it has agreed to buy U.S.-based restaurant chain Native Grill & Wings for US$20 million. The acquisition is expected to close in mid-December 2021. Read more here.

Starbucks workers at a store in Arizona, U.S. sent a letter to the coffee giant’s president and CEO Kevin Johnson announcing their intent to form a union and requesting him sign a series of fair election principles, Restaurant Dive reported. Read more here.

Join QSRMedia UK 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 brand previously revealed it will open ten sites this year.
The burger is available until 31 January in Absurd Bird sites.
The company operates 18 restaurants in the UK.
This will be the fifth London site for the Australian chef.
She joined Papa John’s in 2015 as senior director for digital marketing and most recently served as senior vice president for customer experience.
274 million orders were processed in the fourth quarter of last year.
This effectively ends a takeover bid from the Issa brothers' EG Group.
The company will invest over £9.2 million to raise hourly rates amidst sector-wide labour shortages.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The move is expected to create 1,000 jobs and 4,000 over the next three years.
Deliveroo, meanwhile, reported a 117% surge in plant-based ordering across the UK since Veganuary 2021.
It also has plans to grow in Edinburgh in the next few years.
Sales in December 2021 ran at approximately 63% of 2019 levels.