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Papa Murphy's owner MTY Food Group looks for another restaurant chain to buy

 By Jonathan Maze on Feb. 19, 2025

The Canadian brand collector spent most of 2024 digesting its previous acquisitions and restructuring its business. The company wants to find something else, but only at the right price.

Financing

Burger King's parent buys the brand's struggling China business for $158M

 By Jonathan Maze on Feb. 18, 2025

Restaurant Brands International is acquiring Burger King China from TFI Asia Holdings but plans to find a new local operator.

Technology

Incept AI says it can solve drive-thru AI's last big hurdle

By Joe Guszkowski on Feb. 18, 2025

The startup says its voice bot can complete 97% of orders without human help thanks to a focus on better audio quality. It just raised $3 million to help fund its development.

Financing

For Burger King and its franchisees, a focus on profitability is a long time coming

By Jonathan Maze on Feb. 18, 2025

The Bottom Line: The brand’s massive changes mean it remains a work in progress. But operators say that the focus on profitability has it headed in the right direction.

Financing

Wendy's and Burger King just did something they hadn't done in years

By Jonathan Maze on Feb. 17, 2025

The Bottom Line: The two burger chains just reported positive same-store sales during a quarter in which rival McDonald’s posted a decline. That hadn’t been done since 2016.

Technology

Wendy's is expanding its drive-thru AI test

By Jonathan Maze on Feb. 14, 2025

The fast-food chain, which has voice-activated drive-thru ordering in more than 100 restaurants, plans to expand it to 500 by the end of this year. Here’s what the company thinks about it.

Financing

Everybody apparently went to Starbucks on Monday

By Jonathan Maze on Feb. 13, 2025

The chain's "Starbucks Monday" free coffee promotion on the day after the Super Bowl was the most redeemed offer in its history and generated record loyalty signups and strong traffic.

Workforce

Catherine Tan-Gillespie named KFC U.S. president

By Jonathan Maze on Feb. 13, 2025

She will take over management of the chicken chain’s struggling domestic business in April following the retirement of Tarun Lal.

Financing

Wendy's, and many other chains, see sales turn soft so far in 2025

By Jonathan Maze on Feb. 13, 2025

The burger chain was thriving early last quarter, thanks to a Spongebob Squarepants promotion. But same-store sales have declined so far this year amid “industry headwinds.”

Financing

Popeyes banks on more marketing and remodels to build sales

By Jonathan Maze on Feb. 12, 2025

The fast-food chicken chain’s franchisees have agreed to spend more on national advertising, in exchange for some royalty breaks. It is also expanding kitchen improvements.

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