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Says AIB

As seen in: Hospitality Ireland
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Articles

Sandwich Chain Subway To Explore Sale

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By Dave Simpson Verified, Says AIB, Swiss BSQ Fund
| Hospitality Ireland Verified
Subway said on Tuesday 14 February it was exploring a possible sale of its business as the sandwich chain faces surging costs and mounting competition from deeper-pocketed rivals. Details The Wall Street Journal said last month a potential sale could value Subway at more than $10 billion.
Open in Who Shared View Duplicates (5) Issue with article?

Burger King Owner Restaurant Brands Gets New CEO In Turnaround Boost

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By Dave Simpson Verified, Says AIB, Swiss BSQ Fund
| Hospitality Ireland Verified
Restaurant Brands International Inc on Tuesday 14 February named a new chief executive as it accelerates a turnaround plan for its struggling Burger King brand. Details The company, which also owns Popeyes, Tim Hortons and Firehouse Subs, slightly missed Wall Street profit estimates for its fourth quarter ended 31 December, due in part to higher operating expenses. Shares fell more than 3.5%.
Open in Who Shared View Duplicates (10) Issue with article?

Coca-Cola To Push Ahead With Price Hikes As PepsiCo Hits Pause

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By Dave Simpson Verified, Says AIB, Swiss BSQ Fund
| Hospitality Ireland Verified
Coca-Cola Co said on Tuesday 14 February it would raise soda prices further in 2023 to combat stubbornly high costs, in sharp contrast to a halt at rival PepsiCo Inc, as the beverage giants bet on different paths to boost sales for the year. Details Coca-Cola also forecast annual profit growth above Wall Street expectations, while PepsiCo had delivered a more somber forecast last week.
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