April 21, 2022
Peter Cook, Editor
Spring is upon us! Hopefully you can take some time during these busy days to enjoy it.
Conference season is also here. The 2nd Annual Ghost Kitchen and Virtual Restaurant Conference is quickly filing up, so don’t miss out. For more information, click here.
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And now, the news…
The European delivery provider said it might sell the company less than a year after buying it for $7.3 billion.
Chipotle announced a $50 million venture fund as a vehicle for investing in food service technology start-ups.
Restaurants that adjust prices for orders from aggregators typically charge an average of 24% more.
Old lessons of thrift and cross-utilization make restaurants more successful.
Research shows that today, 52% of global consumers are more comfortable ordering from a delivery-only restaurant.
Investors are chasing concepts with better unit economics and wiggle room to deal with margin compression.
The delivery-only outlet in Hollywood marked uncharted territory, but it's well on its way to opening more.
The expansion is set to take place this spring, launching simultaneously in 10 locations across Greater Metro Manila.
The Company's Partnership with GrabKitchen to Operate Two Locations in the Philippines.
Just Kitchen announced the opening of an exclusive ghost kitchen location in Northern Taiwan.
DJ Khaled‘s Another Wing has unveiled its plant-based LikeWings additions to its US menu.
Four staff members of the ghost kitchen were hospitalized with burns, some severe.
Following two years of bootstrapping, The Food Lab raised $4.5 million in pre-seed financing -- its first venture round.
Foodics Co. is considering plans for going public within the next three years, adding that it targets the Saudi and US markets.
UrbanPiper, a software-based restaurant management platform raised $24 million in its Series B funding round.
The sector's manpower shortage has hit home especially in recent weeks, as Singapore significantly eased its Covid-19 restrictions.
Prasuma, India’s favourite Momo brand, has announced its foray into the cloud kitchen segment.
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