Industry news

Starbucks launches another extreme LTO

Well, the Seattle-based coffee giant is at it again with the Christmas Tree Frappuccino, which is a red-and-green blend starting with a Peppermint Mocha Crème Frappuccino — a seasonal flavor already on the menu — that’s garnished with a “tree” of whipped cream colored with matcha, a caramel drizzle “garland,” candied cranberry “ornaments” and a strawberry on top. It was launched yesterday and is only available at participating locations in the United States and Canada until Monday, Dec. 11, unless they run out sooner.

Pizza Hut passes 9,000 units abroad with Mumbai opening

Pizza Hut has pushed past 9,000 international units with the opening of new restaurant earlier this month in Mumbai, India, the company said Monday.

The Plano, Texas-based pizza division of Yum! Brands Inc. said the Mumbai restaurant, which opened about two weeks ago, offers delivery as well as a dine-in option in a design with an open kitchen. Pizza Hut has 16,500 restaurants worldwide.

Dunkin’ Brands president of international steps down

Dunkin’ Brands Group Inc. president of international Bill Mitchell will leave the company in March 2018, according to an SEC filing Tuesday.

The company’s international leadership team will report directly to Dunkin’ Brands CEO Nigel Travis. The company did not comment on whether it is an interim move.

Newly public investment company could target restaurants

Legacy Acquisition Corp., a shell company aimed at making an acquisition of a consumer company, said Wednesday that it had closed a $300 million initial public offering.

The Cincinnati-based “blank check” company is targeting companies in a number of consumer sectors — including restaurants.

Activist could push for big changes at Bloomin’ Brands

An activist investor could push Bloomin’ Brands Inc. to sell one or more of its four casual-dining concepts, according to a filing with the Securities and Exchange Commission this week.

On Tuesday, the Outback Steakhouse owner acknowledged a Monday filing by Jana Partners, which indicated ownership of nearly 8 million shares, or just shy of 9 percent of the company.

Yo! Sushi buys Bento Sushi for $78M

Yo! Sushi, a London-based conveyor-belt sushi chain owned by investment firm Mayfair Equity Partners, has purchased Bento Sushi, North America’s second largest sushi company, for CA$100 million, around $78 million, the companies said Monday. 

As part of the agreement, Bento Sushi founder and chairman Ken Valvur and CEO Glenn Brown will join Yo! Sushi’s board “and become significant shareholders in the combined group,” a press release announcing the merger said.