Wendy’s rejects $7.35 per share takeover proposal
The Wendy’s Company has turned down an unsolicited, non-binding cash takeover bid of $7.35 per share from an investor consortium,…
05 Nov 2026
Subway targets 10,000 restaurants by 2031 in EMEA
Fast food chain Subway has unveiled plans to double its restaurant network across Europe, the Middle East and Africa (EMEA) to 10,000 locations by 2031. The move follows a year…
04 Nov 2026
Foodtastic offers $43 per share to acquire MTY Food Group
Canadian restaurant franchisor Foodtastic has proposed to acquire all outstanding shares in MTY Food Group, the parent company of pizza company Papa Murphy's, for $43 per share in cash. Foodtastic…
03 Nov 2026
Outback Steakhouse franchisee Cerca Trova files for bankruptcy
Cerca Trova Restaurant Group, which was once the largest franchisee within the Outback Steakhouse network, has filed for bankruptcy. Based in San Diego, US, the operator attributed its collapse to…
02 Nov 2026
KFC’s Muse restaurant concept makes global debut in Dubai
Fast food chain KFC has opened the first location of its new flagship format, KFC Muse, at Jumeirah Beach Residence in Dubai, United Arab Emirates (UAE). In a statement, the…
30 Oct 2026
Restaurant Brands International’s net income rises to $542m in Q3
Restaurant Brands International (RBI) reported net income attributable to common shareholders of $542m in the third quarter (Q3) of 2026, compared with $315m a year earlier. Total revenues stood at…
29 Oct 2026
Wendy’s receives share takeover bid from investor group
The Wendy’s Company has received an unsolicited, non-binding cash takeover proposal to acquire all outstanding common shares not currently owned by an investor group at $7.35 per share. The investor…