Today in restaurant and grocery news, major coffee brands report strong sales, while Restaurant Brands International sees its loyalty investments pay off. Plus, Gopuff gets another billion to power its expansion.
Gopuff Plans Expansion After Landing $1B Investment
Gopuff is valued at about $15 billion after the Philadelphia-based delivery company raised $1 billion in its most recent funding round, with Guggenheim Investments, Hedosophia and SoftBank Vision Fund 1 among the investors. The company’s value jumped almost 70 percent from the $8.9 billion it hit in March.
Coffee On The Go Is Coming Back, Say Major F&B Brands
Coffee on the go is coming back. This week, Starbucks, Nestlé, Keurig, Dr Pepper and Restaurant Brands International (RBI) all reported that coffee away-from-home purchases were on the rise in their most recent quarter, even as at-home sales remained flat or elevated.
Deliveroo Could Leave Spain To Expand Elsewhere
London-based delivery service Deliveroo is mulling an end to its offering in Spain as part of a plan to expand in new and existing markets, Reuters reported on Friday (July 30), citing a company statement on the high costs of running the business in Spain.
Now Fully Loyalty-Enabled, RBI Sees Digital Sales Soar
As of Q2 2021, all of Restaurant Brands International’s chains offer loyalty rewards, and the impact is immediate. The brand’s digital sales are surging, as the company makes investments in technologies.
Restaurant Roundup: COVID Concerns Pervade As Diners Return To Bars
Danny Meyer mandates vaccinations at Union Square Hospitality Group restaurants, New York City mandates that delivery services share customer data with restaurants and bar sales make a comeback.
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