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Orchestra PE signs deal to buy South Korea’s Mammoth Coffee Lab

The consideration is reported to be around Won100bn ($68.5m).

Latest news

Presto Phoenix secures $10m to scale QSR Voice AI platform

The round was led by Metropolitan Partners Group, with funding also received from Remus Capital, Link Ventures and a group of angel investors.

Shipley Do-Nuts appoints Bill Leibengood as new CMO

Leibengood will lead marketing strategy focused on driving same-store sales growth.

Salad and Go to close restaurants in Texas and Oklahoma

Restaurant operations at the affected stores are scheduled to end on 11 January.

Pubs seek additional tax cut from UK Treasury – report

The move comes as the end of pandemic support and a property revaluation are set to raise costs for many hospitality businesses.

Subway Canada rolls out Fresh Fit sandwich range

The new range features five sandwiches with six-inch multigrain bread and Canadian cheddar cheese.

Grab to trial drone-assisted food delivery in Singapore

The purpose is to examine how autonomous flights can be incorporated into existing delivery operations.

Alibaba to launch AI-powered interior showcase tool for restaurants

The tool would let restaurants create 3D views of their premises by uploading existing photos or short videos.