16 August 2023
16 August 2023
The new location will be the first in Nobleton and 20th in the York Region.
The agreement will see opening of 24 restaurant units in southern US.
The restaurant brand has also finalised Global Next Gen High-Capacity Kitchen design.
Fogo's current management team, led by CEO Barry McGowan, will remain in place.
The continuing trend appears a good bet for foodservice brands.
The Fat Tiger brand currently operates 50 outlets across 22 Indian cities.
The multi-unit development agreement was signed with Perkins Restaurant & Bakery.
The company is looking to cut the number of new restaurants it agreed to open annually.
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COVID-19 and supply chain disruptions following the Ukraine war have accelerated automation and digitalization in the foodservice sector. Home delivery services and consumer engagement through digital channels have become essential for businesses trying to stay afloat. Foodservice companies must also cope with ESG issues, the fast-changing world of work, and the global economy heading for recession and possible stagflation. The metaverse, enabled by both AR and VR, is an important tool that can help address many of the foodservice industry's key challenges.
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