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Taco Bell Parent Yum Brands To Acquire Habit Restaurants

PYMNTS

Yum Brands, the parent company of fast-food chains Taco Bell and Kentucky Fried Chicken, plans to purchase fast-casual chain Habit Restaurants, which is the parent company of Habit Burger Grill, according to a report by The Wall Street Journal. This is Yum Brands ’ first acquisition since the company went public in the late 90s.

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Labor Day Weekend 2020: Where The Kentucky Derby, Dragon Con And Burning Man Go Virtual

PYMNTS

For example, the Kentucky Derby will be run on Saturday (Sept. And for those who want to have their own derby party, NBC Sports has released a “Kentucky Derby at Home Party Pack” for downloading. 5) for the 146th time this weekend after being postponed from its normal May. Dragon Con . That seems doubtful.

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The Habit Restaurants Now Owned By Yum! Brands

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Brands, which also claims Taco Bell, Pizza Hut, Kentucky Fried Chicken and other luminaries of American fast food under its belt, according to a release. has counted a fast-casual brand among its arsenal of eateries. Franchisees will have new opportunities with another brand added, he pointed out. CEO David Gibbs.

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Largest U.S. Pizza Hut Franchisee Could Choose Bankruptcy

PYMNTS

Pizza Hut, owned by Yum Brands, has been struggling for the same reason as other long-standing food institutions in America — people want their food delivered, and high costs in food and labor have decayed the chain’s profits in the last few years, while delivery gig-economy apps have taken precedence.

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Retail Pulse: Luxury Brands Eye Airport Retail; Panera Bread Tests Dinner Menu

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Airports are providing luxury brands with access to consumers with extra time on their hands who want to buy unique and unusual items they can’t find near their residences. shopping malls are on the decline, are also becoming locations where brands are innovating with products. In Other Brick-and-Mortar News.

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Restaurants Undergo Massive COVID-Era Redesign

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“We designed the interior and exterior spaces like we had a blank sheet of paper, designing without preconceived notions of how a Burger King restaurant should look,” said Rapha Abreu, global head of Design at BK-parent Restaurant Brands International. Way Beyond Burgers. The current redesign trend goes well beyond the big burger chains.

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Pizza Hut To Shutter Up To 300 Locations

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Under the terms of the bankruptcy agreement between Yum Brands , the Kentucky-based operator of the pizza chain and NPC, NPC has agreed to pay Pizza Hut in exchange for the ability to close the restaurants, according to the report. NPC International , the largest Pizza Hut and Wendy’s franchisee in the U.S.,

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