Burger King

HOONIGAN APPOINTS VANCE JOHNSTON AS PRESIDENT TO LEAD THE COMPANY IN ITS NEXT PHASE OF GROWTH AND ANNOUNCES RETIREMENT OF RANDY WHITE AS CEO

Retrieved on: 
Tuesday, December 12, 2023

DENVER and SANTA MONICA, Calif., Dec. 11, 2023 /PRNewswire/ -- Hoonigan (the "Company"), a provider of high-performance aftermarket vehicle enhancements backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced that the Company's Board of Directors (the "Board") has appointed Vance Johnston as President and Chief Operating Officer. In his new role, Johnston will report exclusively to the Board and will manage all aspects of Hoonigan's operations as the Company continues to execute its strategic vision.

Key Points: 
  • He succeeds Co-Founder and former Chief Executive Officer Randy White, who announced his retirement after almost 30 years of driving the Company and the automotive aftermarket industry forward.
  • White will continue to serve on the Board and be closely involved in the transition as an advisor.
  • "Randy is an inspiring leader who has progressed both Hoonigan and the industry forward since the Company's inception.
  • "I'm confident Vance is the right person to lead Hoonigan into the future and deliver its next phase of growth.

Smoothie King Inks Multi-Unit Development Deal, Amplifying Presence in Chicago and Las Vegas

Retrieved on: 
Wednesday, December 6, 2023

DALLAS, Dec. 6, 2023 /PRNewswire/ -- Smoothie King, the world's largest smoothie brand and the first health and fitness fast casual brand of its kind, announced today the signing of a multi-unit development agreement to bring three new stores to both Las Vegas and Chicago. Leading the brand's growth in the two markets is Na'im Muhammad, a long-time entrepreneur with 15 years of experience in the restaurant industry and deep roots in the franchising community. Smoothie King's latest signing continues the brand's strong year of development having added 93 additional new store commitments since August.

Key Points: 
  • DALLAS, Dec. 6, 2023 /PRNewswire/ -- Smoothie King , the world's largest smoothie brand and the first health and fitness fast casual brand of its kind, announced today the signing of a multi-unit development agreement to bring three new stores to both Las Vegas and Chicago.
  • Smoothie King's latest signing continues the brand's strong year of development having added 93 additional new store commitments since August.
  • "As we continue to grow nationwide, Chicago and Las Vegas remain priority markets and we couldn't be more excited about expanding our reach in both cities' vibrant and diverse communities," said Chris Bremer, Chief Development Officer at Smoothie King.
  • New to the Smoothie King system, Muhammad plans to continue growth beyond his six pending stores.

Jollibee UK Reports Robust Q3 2023 Growth Driven by Strong Consumer Demand

Retrieved on: 
Thursday, December 14, 2023

"Our strong Q3 2023 results affirm our efforts towards providing great-tasting, craveable, and excellent value-for-money food offerings to UK consumers," shared Dennis Flores, Jollibee Group President for Europe, Middle East, Asia, and Australia.

Key Points: 
  • "Our strong Q3 2023 results affirm our efforts towards providing great-tasting, craveable, and excellent value-for-money food offerings to UK consumers," shared Dennis Flores, Jollibee Group President for Europe, Middle East, Asia, and Australia.
  • Strong marketing campaigns for its bestsellers also contributed to stellar growth, accompanied by partnerships with major UK aggregators that drive strong delivery sales.
  • Jollibee UK's stellar growth contributed to the overall strong performance of its parent company, the Jollibee Group.
  • Total Jollibee Group systemwide sales grew by a robust 11.8% in Q3 and 19.1% in YTD September 2023 compared to the same periods last year.

Israel: why the brand boycotts probably won't make much difference

Retrieved on: 
Thursday, November 9, 2023

McDonald’s found itself caught in the crossfire after an Israeli franchisee said it was providing thousands of free meals to the Israel Defense Forces.

Key Points: 
  • McDonald’s found itself caught in the crossfire after an Israeli franchisee said it was providing thousands of free meals to the Israel Defense Forces.
  • Similarly, Starbucks faced boycott calls after disagreeing with a post on the social media platform X (formerly Twitter) by the chain’s union expressing solidarity with Palestine.
  • Many other American companies are being targeted, in some cases purely for their government’s support for Israel.
  • More broadly, there have been boycotts over everything from the Ukraine war to “woke” branding.

Case study 1: Danish cartoons

  • In 2005 Danish newspaper Jyllands-Posten caused huge offence to many Muslims over cartoons satirising Prophet Muhammad.
  • Much of the outrage was directed at the Danish government for refusing to take action, while Danish-Swedish food group Arla became a lightning rod for calls to boycott Danish products.

Case study 2: the Ukraine war

  • Both consumers and western companies boycotted Russia and Belarus after the Ukraine invasion in 2022.
  • Among the companies pulling out or temporarily halting operations were McDonald’s, Starbucks, Coca-Cola, Nike, Apple, BP and Shell.

Case study 3: anti-wokeism

  • In 2015, Starbucks initiated a national conversation about race relations and attempting to bring different racial groups together.
  • This attracted much criticism online for being self-serving, with people pointing out that the chain’s staff weren’t particularly ethnically diverse.
  • More recently, Bud Light faced a two-week boycott from conservatives after its “woke” campaign online featuring trans activist Dylan Mulvaney promoting a tallboy can.

What it means for the Israel boycotts

  • Judging by the experiences of Denmark and Russia, brand boycotts appear to exert minimal influence on the target nation’s economy.
  • In the absence of coordinated sanctions against Israel, social media is likely to be the sole means of pressuring companies and governments into change.
  • Companies trading in Israel or even whose government is backing the offensive could easily fall into that category.


Dr Aisha Ijaz does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter 2023

Retrieved on: 
Thursday, November 9, 2023

SYRACUSE, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the third quarter ended October 1, 2023.

Key Points: 
  • SYRACUSE, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the third quarter ended October 1, 2023.
  • Comparable restaurant sales for the Company’s Burger King restaurants increased 8.1% compared to a 4.9% increase in the prior year quarter.
  • Comparable restaurant sales for the Company’s Popeyes restaurants, which represented 5.0% of total restaurant sales in the third quarter of 2023, increased 11.7% compared to a 6.5% increase in the third quarter of 2022.
  • Adjusted Restaurant-Level EBITDA(1) was $65.8 million in the third quarter of 2023 compared to $37.9 million in the prior year period.

Potbelly Announces 40-Shop Agreement with Royal Restaurant Group

Retrieved on: 
Monday, October 30, 2023

CHICAGO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of a 40-unit agreement with Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands.

Key Points: 
  • CHICAGO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of a 40-unit agreement with Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands.
  • The agreement will involve the future development of 36 Potbelly shops in markets across both Ohio and Florida.
  • “We’re delighted to have Royal Restaurant Group join the Potbelly system and further our growth in several key areas of the U.S.,” said Bob Wright, President and CEO of Potbelly.
  • “The Royal Restaurant Group team knows what it takes to successfully develop and operate franchise locations for large-scale restaurant brands, and they share our values of leading with respect and integrity while prioritizing high-quality and great customer service.

Burger King℠ Foundation Celebrates Nearly $55 Million in Total Scholarships Awarded Since Its Inception as Applications Open for 2024-25 Academic Year

Retrieved on: 
Wednesday, October 18, 2023

These scholarships allow recipients to pursue and help offset the cost of higher education, enabling access for them to reach their full potential.

Key Points: 
  • These scholarships allow recipients to pursue and help offset the cost of higher education, enabling access for them to reach their full potential.
  • The Burger King Foundation’s scholarship application window will open this year on Monday, Oct. 16, and close Friday, Dec. 15.
  • Our Burger King Scholars program honors those hard-working individuals and helps provide them the resources to pursue and achieve greatness,” said Katie Repici, Executive Director, Burger King Foundation.
  • To learn more about the impact the Burger King Foundation is making across education and literacy in communities across North America and beyond, visit www.burgerkingfoundation.org .

Noble Research Institute Awarded Conservation Grant to Improve Health and Resilience of Southern Great Plains Grasslands

Retrieved on: 
Tuesday, October 17, 2023

ARDMORE, Okla., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Noble Research Institute announced today that the National Fish and Wildlife Foundation and partners awarded the independent nonprofit agricultural research organization one of six grants to improve grassland health, support biodiversity and increase carbon sequestration to improve climate resilience in the Southern Great Plains grasslands.

Key Points: 
  • Noble received one of six grants from the National Fish and Wildlife Foundation to improve soil health, support biodiversity and increase carbon sequestration.
  • ARDMORE, Okla., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Noble Research Institute announced today that the National Fish and Wildlife Foundation and partners awarded the independent nonprofit agricultural research organization one of six grants to improve grassland health, support biodiversity and increase carbon sequestration to improve climate resilience in the Southern Great Plains grasslands.
  • "Using adaptive grazing is such a powerful tool to improve plant diversity, which is critical to wildlife habitat," said Will Moseley, Noble Research Institute.
  • Here, Noble can demonstrate the ecological and economic benefits of applying soil health principles to its management approach.

Norwegian Cruise Line Holdings Ltd. Appoints José E. Cil to Board of Directors

Retrieved on: 
Tuesday, October 10, 2023

MIAMI, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings," "Norwegian", “NCLH” or the "Company") today announced the appointment of José E. Cil to its Board of Directors (the "Board") as a new independent director, effective October 6, 2023.

Key Points: 
  • MIAMI, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings," "Norwegian", “NCLH” or the "Company") today announced the appointment of José E. Cil to its Board of Directors (the "Board") as a new independent director, effective October 6, 2023.
  • With Mr. Cil’s appointment, the Board has expanded from eight to nine members, seven of whom are independent.
  • Mr. Cil will serve as a member of the Company’s Audit Committee.
  • “We are pleased to welcome a highly experienced executive of José’s caliber to our Board,” said Russell W. Galbut, chairman of the Board.

Kiosk Industry October 2023: Kiosk Association to be at IAAPA and NRF News

Retrieved on: 
Monday, October 16, 2023

Industry Buzz Around Our Watercooler -- Couple of big deployments supposedly planned in restaurants. Charley's is in progress and it might be Burger King will follow McDonald's example and put in a thousand or so self-order kiosks. On the SCO front, it appears that Walmart is deploying its own SCO units (with lidar). That also would mean replacing the current software driving registers (Fastlane by NCR?). Our guess is the service people at NCR Bentonville are getting nervous. Costco is being sued for their website allowing all types of user info to be tracked by 3rd parties. Link below.

Key Points: 
  • WESTMINSTER, Colo., Oct. 16, 2023 /PRNewswire/ -- Kiosk Industry and Kiosk Manufacturer Association News: Trade Shows — IAAPA is next month and here is our preview .
  • In January we are at NRF and are a sponsor of the NRF Foodservice Innovation Zone.
  • Restaurant News -- Samsung with new VXT CMS for AI-powered voice order menu boards going into White Castle.
  • Costco is being sued for their website allowing all types of user info to be tracked by 3rd parties.