Restaurant Brands says it's sticking with Starbucks
Starbucks NZ owner Restaurant Brands says it isn't pulling the plug on the brand, but would sell for the right price.
Starbucks NZ owner Restaurant Brands says it isn't pulling the plug on the brand, but would sell for the right price.
The Carl's Jr burger chain has the potential to generate up to $180 million in annual sales for Restaurant Brands if its bullish store roll-out target is reached.
Restaurant Brands says strong sales at its new Carl's Jr stores, KFC and Pizza Hut helped offset a decline in revenue at Starbucks in the firm's full year result.
New Zealand consumers are outpacing those in the rest of the world in terms of the uptake of American burger brand Carl's Jr, according to the global boss of the business.
Restaurant Brands' newly opened Carl's Jr burger store in Mangere has performed ahead of expectations during its first five days of trading, the company says.
What are our top CEO's getting paid? Last year pay for NZ's bosses fell for the first time in eight years. See the full list here.
For KFC lovers who are also partial to the odd pie, some good news is at hand.
The Warehouse seems to have fallen out of favour with consumers this week but maybe not investors.
Restaurant Brands will open a Carl's Jr burger restaurant in every major urban centre in New Zealand, its chief financial officer says.
KFC, Starbucks and Pizza Hut operator Restaurant Brands has revealed a 44pc profit plunge in its half year results, as Rugby World Cup business failed to make up for the impact of the Christchurch earthquake.