International News
Rational To Withdraw From Russia
The manufacturer announced it will begin a controlled exit from Russia in light of the economic and political developments resulting from the Russian war in Ukraine.
Pending Ali Group, Welbilt Merger Raises Competition Concerns
The CMA says there are "reasonable grounds" that the solution offered by the manufacturers—the sale of Manitowoc Ice—might be accepted.
Shoeless Joe’s Sports Grill Gets New Owner
Foodtastic, a franchisor of multiple restaurant concepts in Canada, has acquired a majority interest in the sports-themed chain Shoeless Joe’s Sports Grill.
In Memoriam: Former LF CEO Passes Away
Vittorio Ricci worked for LF, a European distributor of spare parts for professional kitchens, coffee machines and bar equipment, from 1982 to 2018.
Another Massive Chain Pulls Out of Russia
Starbucks is the latest chain to announce it’s exiting Russia and will no longer have a brand presence in the country.
McDonald’s Finds Buyer for Restaurants in Russia
McDonald’s has entered into a sale and purchase agreement with existing licensee Alexander Govor to acquire McDonald’s entire restaurant portfolio in Russia under a new brand.
Alto-Shaam Taps New Sales Manager in the Middle East
Alto-Shaam is strengthening its presence in the Middle East with the hiring of Christopher Ball to fill the newly created role of sales manager for the region.
McDonald’s Is Leaving Russia
After more than 30 years in Russia, the chain is pursuing the sale of its entire portfolio to a local buyer.
Subway Ramps Up Development in Malaysia, Brazil
The sandwich giant has partnered with two established operators to significantly grow its footprint in the countries.
Tim Hortons Partners With Return-It To Pilot Returnable Cup Program in Vancouver
Tim Hortons is taking its reusable and returnable cup program a step further with the launch of a pilot in Vancouver with Return-It, a beverage container management nonprofit.
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