Russia

Heineken sells Russian business for €1

Heineken has sold its Russian beer business to Arnest Group for only €1 (£86p) a year after initially vowing to…

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Domino’s Pizza to exit Russia

DP Eurasia, the company that oversees the Domino’s pizza brand in Russia, has announced its intention to file for bankruptcy…

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Yum! Brands income falls by 25% to $300m in Q1

Yum! Brands, which operates restaurant chains KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has announced that net income…

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Energy price cap to rise by 80% to £3,549 from October

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual…

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Yum Brands digital sales reach £5.3bn in Q3

Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, revealed its digital sales reached approximately $6bn (£5.3bn),…

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Yum Brands approves $2bn share buyback plan

Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has announced that its board of directors has approved…

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Foodservice inflation hits 11.5% in June

Inflation in the foodservice sector hit 11.5% in June, marking the fifth consecutive month of double-digit percentage inflation, according to…

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KFC pauses offers amid chicken shortages

KFC has reportedly been forced to pause one of its weekly food offers due to a shortage of chicken, according…

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Foodservice inflation hits double digits for fourth month in a row 

Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the new edition of…

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McDonald’s unveils leadership promotions

McDonald’s has announced it has promoted Kevin Ozan to senior executive vice president of Strategic Initiatives, Ian Borden to chief…

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