This week, RCG celebrates 21 years in business.
Restaurant Brands Shares 2008-2010
Restaurant Brands New Zealand Limited operates the New Zealand outlets of KFC, Pizza Hut and Starbucks Coffee. Good management decisions have helped push up full-year profits at Restaurant Brands 70 per cent to $19.9 million. Its share price closed yesterday at $2.10, the highest in eight years.
The bulk of the improvement was from a very solid performance by KFC. Its sales grew 5.5 per cent to $223.2 million during the year, generating an EBITDA of $8.3 million. A few reasons for growth were that the recession was forcing people to look for more affordable dining options, and near half of the KFC network was revamped. Another boost came from expanded menus, which were advertised heavily to attract new younger customers.
Pizza hut also benefited from new menus, with an EBITDA of $5.4 million for the year, up 95% from last year.
Retail News NZ
Cadbury to open cafe chain
Cadbury is pushing ahead with plans to open a chain of branded cafes across Britain after receiving the green light from new US parent Kraft.
Cadbury said that planning for the outlets offering afternoon tea and an onsite chocolatier service is still in the “very early days.”
(Source: www.insideretailing.com.au)
No duopoly, says new Foodstuffs head
The incoming head of the $8 billion Foodstuffs supermarket group says he does not regard the supermarket industry in New Zealand as a duopoly.
Steve Anderson says Foodstuffs has a unique structure and while it respected its main rival Woolworths, “we’re not having cups of coffee with them”.
(Source: www.insideretailing.com.au)
NZ retailer in international push
A New Zealand retailer with an Australian presence is stepping up its international expansion. Icebreaker founder and CEO Jeremy Moon has set himself the ambitious goal of doubling revenues within three years.
The decision follows the merino-wool clothing maker opening more retail outlets, including a store scheduled for New York’s trendy SoHo quarter in September.
(Source: www.insideretailing.com.au)
A new take on fashion retail
An internet start-up called Fashion Stake, launching soon, aims to shake up the fashion industry, just as peer-to-peer file sharing changed the music industry.
The model, inspired by Internet-based social media networks like Twitter and Facebook, taps into a growing business model called crowd sourcing where entrepreneurs go directly to customers for content, funding, and distribution.
(Source: www.insideretailing.com.au)
KFC boosts Restaurant Brands
Restaurant Brands is reporting full year net profit, excluding non-trading items, up 70 per cent to $19.9 million.
The bulk of the improvement came from another solid performance by KFC, but both the Pizza Hut and Starbucks Coffee businesses recorded improved profitability, the company said today.
(Source; NZ Herald)
Another string to Foodco’s bow
Foodco Group, owner of the Muffin Break and Jamaica Blue chains has consolidated its portfolio with the purchase of its New Zealand counterpart.Foodco NZ holds the license to operate the Muffin Break concept in NZ.
In addition to Muffin Break and Jamaica Blue, Foodco also owns the Dreamy Donuts brand. Across the three chains, it has more than 250 retail outlets in Australia.
(Source: www.insideretailing.com.au)
