Capital Tacos expands US presence with new franchise agreement
The agreement was signed with two brothers, Parth and Yash Patel, who are New Jersey natives.
25 August 2023
25 August 2023
The agreement was signed with two brothers, Parth and Yash Patel, who are New Jersey natives.
The deal is reportedly valued at nearly $9.5bn.
Some of the new café's offerings include signature blends the Yemeni tea, Yemeni pastry and croissants.
Bikky will automate the decision-making processes at Evergreens and help it better understand menu performance.
The two new restaurants are planned in Red Deer and Sherwood Park areas.
The acquisition is said to have saved jobs of 150 people working at Vinoteca.
The new location is part of a multi-unit deal to expand its footprint in the southeast.
The company has identified 4,200 potential locations in the US to further grow its footprint in the country.
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Per GlobalData, the foodservice profit sector in the UK was valued at GBP72.6 billion in 2022, and is estimated to grow at a CAGR of >8% by 2027. Pub, club & bar was the largest channel in the UK foodservice profit sector in 2022 by market value, while QSR was the second-largest channel, followed by FSR. Changing preferences, trustworthiness, product alignment with their time and money constraints, and service quality are some of the key trends in the foodservice market in the UK.
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