Insights Jan 15 2025: Chipotle investment, Wendy's new location, McDonald's new menu, Automation in Chick-fil-A
Chipotle(NYSE: CMG) invests in Plantible and CH4 Global
Chipotle announced that it made minority investment in company that is focused on creating aquatic plant based protein. This is step towards its goal to scale sustainable cattle feed and create aquatic plant that emulates animal protein. Per its press release: “ Plantible is a vertically integrated biology company unlocking the potential of duckweed to create a plant-based protein that emulates the characteristics of animal-based proteins. CH4 Global is scaling up production of Asparagopsis seaweed to reduce enteric methane emissions from cattle, a key driver of climate change”.
Source: Newsroom
Wendy’s opens first location in Australia
Year after The Flynn Group acquired the mast franchise of the brand, first location of the Wendy’s in Australia opened its door. It plans to open 200 locations by end of 2034.
Source: SkyNews
Fogo de Chao’s growth plan for 2025
Brazil based churrasco restaurant is planning to open 15 new locations in 2025. It is planning to enter Ohio and Tennessee. Nine locations are already under development. In 2024 it opened 10 new locations.
Source: NewsWire
McDonald’s (NYSE: MCD) rolling out new menu
McDonald’s is intensifying fierce competition among fast food chains to get customers in the door. McDonald’s is rolling out new menu to tempt budget conscious customers. New menu includes McValue feature “Buy One, Add One for $1” that is on top of $5 meal deal that was already introduced earlier. It is also partnering with John Cena for its marketing campaign.
Source: McDonald's
Automation in Chick-fil-A
Chick-fil-A is automating lemon squeezing to save over 10,000 labor hours. It is not surprising that automation is saving labor hours. It’s one of the great example of automating boring and unappealing part of job. For more detail on the process, check the source.
Source: Fox Business
Ediya Coffee appoints Jo Guy-dong as co-CEO
He will serve co-CEO alongside chairman Chang Gi Moon. One of the leading coffee chains in South Korea is struggling with brand positioning due to competitive market.
Source: Yahoo Finance
Boba Bhai raises Series A round
Indian quick service chain focusing on bubble tea and Korean foods raised (30 crore) $3.47 million in series A round. Funding round was let by 8i ventures, other participants included Titan Capital, Global Growth Capital, Winners Fund and so on.
Source: Hindu Business
Member discussion