Saturday, November 9, 2024

franchisee

Devyani International reports INR 49 Cr loss in Q4 despite 38% YoY revenue surge

News
Devyani International, India's leading franchisee for Pizza Hut and KFC, announced a net loss of INR 49 crore for the quarter ended on March 31, 2024. This contrasts with a profit of nearly INR 60 crore...

TGI Fridays enters merger agreement with UK franchisee Hostmore in $220 Million deal

News
TGI Fridays has agreed to an all-share acquisition by Hostmore, its UK-based hospitality business counterpart. The £177 million ($220 million) transaction is set to be completed in the third quarter of 2024. Stephen Welker, Chairman of Hostmore, expressed,...

McDonald’s ends partnership with Sri Lankan franchisee over compliance issues, shuts down all 12 outlets

News
McDonald's has ended its partnership with its franchisee in Sri Lanka, leading to the shutdown of all 12 locations in the country, according to...

TAB Gida secures green light from Turkish regulators for landmark IPO: Anticipated to be largest since 2018

News
TAB Gida, the master franchisee responsible for Burger King, Popeyes, and various other fast food restaurant chains in Turkey, has obtained the green light...

Meridian Restaurants divests 70 Burger King outlets across the U.S. following bankruptcy

News
Meridian Restaurants Unlimited (Meridian), a franchisee of Burger King, recently declared bankruptcy and subsequently sold off 70 of its restaurants. According to QSR Magazine, the...

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