01 November 2023
01 November 2023
Customers will experience a new and improved ordering process with a double drive-through menu board and pick-up window for to-go orders.
80 Soom Soom franchised locations will be opened in the country by 2027.
The limited-time menu will be available for customers until 7 January 2024.
The new restaurant will accommodate 90 guests indoors and 50 on its outdoor patio.
Deal activity was impacted by several factors including higher inflation and rising interest rates.
For this deal, Fiesta common stockholders have received a consideration of $8.50 per share in cash.
Total operating revenue declined to $114.2m from $117.5m in Q3 2022.
Consolidated revenues grew by 14% year-on-year to $6.69bn.
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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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