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Burger King says tomatoes on `vacation` as India battles food inflation  Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting consumers hard across the world's most populous nation. "Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall. The burger chain, one of India's b...
Burger King says tomatoes on `vacation` as India battles food inflation
Burger King says tomatoes on `vacation` as India battles food inflation
Source: Reuters
16/08/2023 2:51:45 PM
McDonald`s India franchisee Westlife's profit misses as costs mountfranchisee Westlife's profit misses as costs mount Westlife Foodworld reported a smaller-than-expected rise in first-quarter profit on Thursday as higher expenses took the shine off increased sales at the operator of McDonald's restaurants in West and South India. The franchisee for the U.S. fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from 235.8 million rupees a year earlier. Analysts on average were expecting the profit to be 321 million rupees, ac...
McDonald`s India franchisee Westlife's profit misses as costs mountfranchisee Westlife's profit misses as costs mount
McDonald`s India franchisee Westlife's profit misses as costs mountfranchisee Westlife's profit misses as costs mount
Source: Reuters
27/07/2023 2:35:26 PM
Tomato price shock hits Indian restaurants, cheaper puree sales boom Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying off the shelves, after prices surged more than 500%. Used widely in Indian cooking, prices of tomatoes have hit record highs in recent weeks as monsoon rains disrupted supplies at a time when seasonal production is typically low, forcing the government to organize mobile vans for subsidised sales. Many McDonald's and Subway o...
Tomato price shock hits Indian restaurants, cheaper puree sales boom
Tomato price shock hits Indian restaurants, cheaper puree sales boom
Source: Reuters
26/07/2023 3:22:05 PM
McDonald's India -North and East to lead a solar powered future, commissions Delhi's largest solar power plant Furthering its ambition of creating a green and clean future, McDonald's India - North and East has invested Rs 14 crore to commission Delhi's (BRPL) largest solar power plant in Najafgarh. As a result, 24 per cent of McDonald’s Delhi restaurants have now transitioned to renewable energy. With an impressive capacity of 3.2 MW, the solar plant will generate an annual output of 4.2 million units of power -- reducing 3,822 tonnes CO2 emissions annually, equivalent to planting 1....
McDonald's India -North and East to lead a solar powered future, commissions Delhi's largest solar power plant
McDonald's India -North and East to lead a solar powered future, commissions Delhi's largest solar power plant
Source: IANS
6/07/2023 5:02:26 PM
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown India's Devyani International Ltd on Wednesday reported a 21% slump in fourth-quarter profit as the KFC restaurant operator saw a jump in expenses and inflation-hit consumers cut back spending on fast food. Consolidated net profit fell to 607.2 million rupees ($7.4 million) for the quarter ended March 31, the local franchisee of U.S.-based Yum Brands said in an exchange filing. Consumers in the world's most populous country have been slammed by high prices of daily essentials fr...
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
Source: Reuters
17/05/2023 1:45:48 PM
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23 Moonshot, an Omni-channel DaaS (Distribution as a Service) platform offering emerging, regional, and established D2C brands access to general trade, modern trade, e-commerce and quick commerce via its tech-enabled plug & play solution and distribution network, plans to touch 250 crores in ARR by the end of FY23 with all its partner brands on board across various sub-categories in the FMCG space. The company aims to help each of its onboarded partner brands to grow by 5x. Moonshot offer...
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23
Source: PR Agency
11/05/2023 5:00:46 PM
McDonald`s India franchisee Westlife misses profit view as inflation bites Westlife Foodworld Ltd, which owns the franchise for McDonald's Corp in west and south India, reported a smaller-than-expected jump in fourth-quarter profit on Tuesday, as high prices of everyday essentials led customers to hold back on discretionary spending. The company said its consolidated profit after tax for the March quarter rose 31% to 200.9 million rupees ($2.46 million), missing analysts' estimates of 263.7 million rupees, according to Refinitiv IBES data. Most fast-fo...
McDonald`s India franchisee Westlife misses profit view as inflation bites
McDonald`s India franchisee Westlife misses profit view as inflation bites
Source: Reuters
9/05/2023 5:05:11 PM
McDonald's India - North & East aims to hire 1500 employees from NGOs by 2025 In its endeavour of driving change and making a positive impact in the local communities, McDonald's India - North and East is planning to hire 50 per cent of its workforce by 2025 i.e 1500 people through non-government organisations. For this, McDonald's India - North and East has launched the community campaign 'McDonald's For Youth' - that aims to meaningfully contribute towards India's growth story by providing gainful employment prospects to the local communiti...
McDonald's India - North & East aims to hire 1500 employees from NGOs by 2025
McDonald's India - North & East aims to hire 1500 employees from NGOs by 2025
Source: IANS
1/03/2023 4:06:18 PM
McDonald's CEO says layoffs coming by April to reduce costs McDonald's CEO Chris Kempczinski has announced that layoffs are coming by April, as the global fast food chain aims to reduce costs and "free up resources to invest in growth." Kempczinski told The Wall Street Journal that "some jobs that are existing today are either going to get moved or those jobs may go away." McDonald's plans to communicate its decision around layoffs by April 3. McDonald's last reported nearly 200,000 corporate staff and workers ...
McDonald's CEO says layoffs coming by April to reduce costs
McDonald's CEO says layoffs coming by April to reduce costs
Source: Reuters
7/01/2023 11:00:36 AM
Artists come together to create unique compositions for fast-food giant When Harrdy Sandhu, Aastha Gill, and Shalmali Kholgade played live at the McDonald's i'm lovin' it Live concert in association with MTV, Gurugram got warmed up. The gala performance served as the opening act for McDonald's worldwide flagship music IP, which McDonald's India - North and East first introduced in India in cooperation with MTV. More than 1500 individuals flocked to the location to express their love and passion for cuisine and music. When Aastha Gill perfor...
Artists come together to create unique compositions for fast-food giant
Artists come together to create unique compositions for fast-food giant
Source: IANS
28/12/2022 5:43:48 PM
McDonald's and MTV are going all out for music lovers With I'm lovin' it Live, McDonald's India - North and East has a special chance to engage with its fans on a deeper level through their love of music and to become a part of their life by fostering the happy occasions that are most important to them. I'm Lovin' It Live is based on the idea that well-known musicians will collaborate to produce original works that have never been heard before while experimenting with different genres. Eight musicians, including Guru Randh...
McDonald's and MTV are going all out for music lovers
McDonald's and MTV are going all out for music lovers
Source: IANS
18/12/2022 2:35:34 PM
U.S. carbon farming takes root - but do the economics add up? The owner of Deep Roots Farm in rural Maryland and her workers finished the fall harvest last month, but some of their most vital plantings are still in the ground - and growing fast. Four species of cover crops - plants such as winter rye and hairy vetch, later removed in the spring - are key to soil resuscitation efforts underway at Deep Roots, 53 acres of rolling hills that used to be part of a tobacco farm. After purchasing the property two years ago, owner Gale Livingstone set abou...
U.S. carbon farming takes root - but do the economics add up?
U.S. carbon farming takes root - but do the economics add up?
Source: Reuters
13/12/2022 9:28:54 AM
Westlife Foodworld zooms on eyeing for three-fold jump in top line in next five years Westlife Foodworld is currently trading at Rs. 802.00, up by 62.90 points or 8.51% from its previous closing of Rs. 739.10 on the BSE. The scrip opened at Rs. 751.95 and has touched a high and low of Rs. 808.65 and Rs. 745.60 respectively. So far 23975 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 815.25 on 06-Dec-2022 and a 52 week low of Rs. 402.05 on 12-May-2022. Last one week high and low of the scrip stoo...
Westlife Foodworld zooms on eyeing for three-fold jump in top line in next five years
Westlife Foodworld zooms on eyeing for three-fold jump in top line in next five years
Source: Accord Fintech
6/12/2022 11:46:38 AM
McDonald's India franchisee Westlife beats Q2 profit view on strong demand BENGALURU - Westlife Foodworld Ltd, which owns the franchise for McDonald's Corp in west and south India, reported a bigger-than-expected second-quarter profit on Wednesday, helped by rising demand. The company reported a consolidated net profit after tax of 315.5 million Indian rupees ($3.9 million) for the September quarter, compared with a loss of 44.2 million rupees a year ago, when there were still some COVID-19 restrictions. Analysts on average had expected a profit of 246.6 m...
McDonald's India franchisee Westlife beats Q2 profit view on strong demand
McDonald's India franchisee Westlife beats Q2 profit view on strong demand
Source: Reuters
9/11/2022 4:06:09 PM
McDonald's India North & East embarks on Restaurant Modernisation  Connaught Plaza Restaurants Pvt. Ltd., the owner and operator of McDonald's India - North and East, has presented a customer-centric plan outlining strategies to spur meaningful growth and boost visitor numbers. The strategy will concentrate on speeding up restaurant modernisation in the area, reinventing the customer experience with much-anticipated enhancements, such as a new atmosphere with a contemporary appearance and feel, raised hospitality standards, and technological adv...
McDonald's India North & East embarks on Restaurant Modernisation
McDonald's India North & East embarks on Restaurant Modernisation
Source: IANS
8/08/2022 3:27:04 PM
Factbox-What's in a name? Rebranded McDonald's outlets open in Russia McDonald's restaurants flung open their doors in Moscow once again on Sunday under new Russian ownership and a new name, Vkusno & tochka, which translates as "Tasty and that's it". Here's what we know: LOGO: The famous Golden Arches have been taken down and replaced with a new logo comprising two fries and a hamburger patty against a green background. BRANCHES: Vkusno & tochka reopened on Sunday in Pushkin Square in what was McDonald's first re...
Factbox-What's in a name? Rebranded McDonald's outlets open in Russia
Factbox-What's in a name? Rebranded McDonald's outlets open in Russia
Source: Reuters
12/06/2022 4:26:00 PM
McDonald's, Starbucks, Coca-Cola shut shops, halt production in Russia Several consumer giants including McDonald's, Coca-Cola, Starbucks and PepsiCo have shut their restaurants and paused business in Russia due to its invasion of Ukraine. Other well-known Western food giants such as KFC and Burger King were also reportedly stopping sales in Russia. McDonald's said it was temporarily closing its roughly 850 restaurants in Russia, while Starbucks also said its 100 coffee shops would shut, reports the BBC. In a letter to McDonald's employees a...
McDonald's, Starbucks, Coca-Cola shut shops, halt production in Russia
McDonald's, Starbucks, Coca-Cola shut shops, halt production in Russia
Source: IANS
10/03/2022 9:05:12 AM
Westlife Development surges as its owned McDonald’s opens first restaurant in Bhilai Westlife Development is currently trading at Rs. 454.55, up by 8.45 points or 1.89% from its previous closing of Rs. 446.10 on the BSE. The scrip opened at Rs. 441.15 and has touched a high and low of Rs. 457.70 and Rs. 437.20 respectively. So far 6503 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.55 on 24-Sep-2021 and a 52 week low of Rs. 389.75 on 24-Feb-2021. Last one week high and low of the scrip stoo...
Westlife Development surges as its owned McDonald’s opens first restaurant in Bhilai
Westlife Development surges as its owned McDonald’s opens first restaurant in Bhilai
Source: Accord Fintech
15/02/2022 1:16:42 PM
McDonald's files trademarks for virtual restaurants in the metaverse Trademarks have been filed by the world's largest fast-food restaurant chain to set up a location in the metaverse, the Daily Mail reported. McDonald's, which has more than 39,000 locations in about 100 countries, claims they will be able to deliver food in person and online, the report said. The company filed 10 applications with the US Patent and Trademark Office earlier this month for the McDonald's brand and McCafe. The trademarks show they are for "virtual food ...
McDonald's files trademarks for virtual restaurants in the metaverse
McDonald's files trademarks for virtual restaurants in the metaverse
Source: IANS
11/02/2022 2:55:28 PM
Westlife Development jumps on planning to invest around Rs 800-1,000 crore in business over next 3-4 years Westlife Development is currently trading at Rs. 612.00, up by 45.25 points or 7.98% from its previous closing of Rs. 566.75 on the BSE. The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 640.00 and Rs. 605.00 respectively. So far 5801 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.55 on 24-Sep-2021 and a 52 week low of Rs. 360.00 on 27-Oct-2020. Last one week high and low of the scrip sto...
Westlife Development jumps on planning to invest around Rs 800-1,000 crore in business over next 3-4 years
Westlife Development jumps on planning to invest around Rs 800-1,000 crore in business over next 3-4 years
Source: Accord Fintech
14/10/2021 10:17:11 AM
Westlife Development rises as its owned - McDonald’s unveils new range of indulgent gourmet burgers Westlife Development is currently trading at Rs. 563.40, up by 3.30 points or 0.59% from its previous closing of Rs. 560.10 on the BSE. The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 570.00 and Rs. 555.50 respectively. So far 9675 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.55 on 24-Sep-2021 and a 52 week low of Rs. 360.00 on 27-Oct-2020. Last one week high and low of the scrip stoo...
Westlife Development rises as its owned - McDonald’s unveils new range of indulgent gourmet burgers
Westlife Development rises as its owned - McDonald’s unveils new range of indulgent gourmet burgers
Source: Accord Fintech
12/10/2021 3:26:11 PM
McDonald`s sales growth breaches 2019 levels as pandemic curbs ease McDonald's Corp on Thursday beat Wall Street estimates for comparable sales, and said it returned to pre-pandemic levels of growth, driven by eased COVID-19 restrictions in some markets and U.S. customers, flush with stimulus cash, craving new chicken sandwiches and nuggets. First-quarter global comparable sales growth of 7.5% surpassed pre-pandemic 2019 levels, Chief Executive Officer Chris Kempczinski said. That trounced the 4.71% growth expected by analysts polled by Refinitiv IBES....
McDonald`s sales growth breaches 2019 levels as pandemic curbs ease
McDonald`s sales growth breaches 2019 levels as pandemic curbs ease
Source: Reuters
30/04/2021 1:58:23 PM
Vaccination drive reviving McDonald`s business prospects The ongoing vaccination drive in India is reviving McDonald's business prospects, even as the QSR brand has witnessed healthy growth in Tier II cities. The McDonald's India - North & East is owned and operated by Connaught Plaza Restaurants (CRPL). In a conversation with IANS, Sanjeev Agrawal, Chairman and Developmental Licensee, CRPL, said that McDonald's India - North & East is now looking at technology, restaurant reimaging and menu innovation to drive growth in 2...
Vaccination drive reviving McDonald`s business prospects
Vaccination drive reviving McDonald`s business prospects
Source: IANS
18/03/2021 9:08:30 AM
McDonald's considers selling part of digital startup Dynamic Yield McDonald's Corp is exploring selling part of Israeli artificial intelligence startup Dynamic Yield Ltd, which it acquired two years ago in an attempt to boost online marketing efforts, the company said on Friday. Dynamic Yield, run as a standalone company within McDonald's, personalises customers' experience by changing offerings on the chain's Drive Thru menu displays, according to time of day, weather, customer traffic and trending choices. The startup, whose customers...
McDonald's considers selling part of digital startup Dynamic Yield
McDonald's considers selling part of digital startup Dynamic Yield
Source: Reuters
27/02/2021 11:30:21 AM
McDonald's unveils its biz strategy for 2021 As a part of its business strategy, fast food company Mc Donalds India -- North and East is looking at technology, restaurant reimaging and menu innovation to drive better customer experience and engagement in 2021 and beyond. The company has completed 25 years of its operation in the country. It opened its first restaurant in Basant Lok, New Delhi in 1996. Sanjeev Agrawal, Chairman and Developmental Licensee, Connaught Plaza Restaurants that owns Mc Donald's India -- North and East...
McDonald's unveils its biz strategy for 2021
McDonald's unveils its biz strategy for 2021
Source: IANS
11/02/2021 2:18:11 PM
McDonald`s expects U.S. to deliver 2021 growth after profit miss McDonald's Corp expects overall sales growth in the "low double digits" in 2021, forecasting on Thursday that an increase in its U.S. market would be offset by the impact of the COVID-19 pandemic in parts of Europe. The Chicago-based hamburger chain missed Wall Street estimates for profit and revenue in the fourth quarter, with comparable sales in its international operated markets falling 7.4%, largely due to weakness in France, Germany, Italy and Spain, where the coronaviru...
McDonald`s expects U.S. to deliver 2021 growth after profit miss
McDonald`s expects U.S. to deliver 2021 growth after profit miss
Source: Reuters
29/01/2021 10:23:48 AM