Weekly Global News Wrap Panera To Go Public Again Doordash Widens Reach With Wolt Acquisition Fast Food Chains Grow Appetite For Celebrity Partnerships
November
12
2021
Weekly Global News Wrap Panera To Go Public Again Doordash Widens Reach With Wolt Acquisition Fast Food Chains Grow Appetite For Celebrity Partnerships

Here is a summary of the most interesting news stories of the week from around the world.

Panera Breadis readying to go public again, also announcing it has secured an investment from special purpose acquisition company USHG Acquisition Corp. As noted by CNBC, Panera has been private since JAB Holding bought it for $7.5 billion in 2017. Read morehere.

Sweetgreensaid it expects to sell stock at US$23-$25 per share, raising up to US$312.5 million in an initial public offering. As reported by Bloomberg, the fast casual chain could have a market valuation of about $2.7 billion based on the total number of shares outstanding after the IPO. Read morehere.

DoorDashis set to acquire Finland-based delivery provider Wolt for US$8 billion in stock, Restaurant Business reported. The move will vastly expand the delivery platform's international footprint, as Wolt operates in 23 countries, 22 of which will be new markets. Read morehere.

Major fast food chains continue their string of unique partnerships with international celebrities. In separate reports from CNN,McDonald'sis partnering with Mariah Carey for 12 days of giveaways whilstStarbucksteamed up with Taylor Swift to unveil the singer’s favorite drink - a grande caramel nonfat latte.

In separate reports from Nation’s Restaurant News,Tim Hortonsis collaborating with Justin Bieber for a limited-edition selection of Timbiebs Timbits and merchandise, andPopeyesis expanding its collaboration with rapper Megan The Stallion, by offering merchandise inspired by anime art.