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Tim Hortons

BK’s parent to buy Popeyes for $1.8B

The chain will operate as an independent company with access to its global sister's resources, buyer Restaurant Brands International said.

Consumer Trends

Millennials’ favorite chains for 2017

Millennials are the most reliant on foodservice of all generations, finds Technomic. They also drive off-premise dining, including takeout and delivery.

The story within the coffee cafe category of the 2016 Top 500 ranking continues to be strong-and-still-growing Starbucks, which increased sales by 12.8% to top $13.9 billion.

More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.

Breakfast was a key player, too.

The units will bake their own croissants and feature more vegetarian options, along with self-service checkout.

The brand said it’s looking to “build [a] foundation for accelerated growth.”

Launching “fewer, more impactful products” played a part, the chain’s parent company said.

The chain’s master franchisee in France intends to convert the 509 stores into Burger Kings.

As much as 10 percent of salaries can be diverted to stock purchases.

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