The growth of fast-casual, the emergence of delivery and the introduction of plant-based meat have all had a major impact on the restaurant space throughout the past decade
M&A becomes the rule versus the exception.
Yum Brands spun off its China business in 2016, establishing two powerhouse companies and enabling a sharpened focus on Yum’s KFC, Pizza Hut and Taco Bell businesses. This proved just how big the Yum business was to begin with and also that the China market is strong enough to stand on its own and thrive.
McDonald’s aggressive remodel timeline frustrated some of its franchisees, who went on to form a National Owners Association late last year with an objective of gaining more leverage. In 2015, a string of food safety incidents sickened dozens of people, causing Chipotle to become a case study of the delicate nature of the food business.
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