Digital sales remained a critical pillar, accounting for 36.7% of total food and beverage revenue, underscoring the enduring importance of off-premise channels.
Complementing the JV, a wholly owned subsidiary has signed a 20-year master development agreement, securing exclusive rights to develop and operate the Burger King brand across mainland China.
KitchenAI analyzes a comprehensive data set, including item-level cooking times, kitchen display system (KDS) activity, historical performance patterns, and real-time production pace, to generate precise estimates for when orders will be ready.
By Charity Kamiro
The investment will specifically support the growth of its proprietary brands, such as Operation Falafel, Catch-22, and Awani, within these high-growth markets.
Organized by the Sharjah Entrepreneurship Center (Sheraa), the festival convened over 14,000 attendees, positioning entrepreneurship as a cultural and economic driver.
The renovation aims to cater to a diverse clientele, including families, leisure diners, and business guests, within a relaxed yet contemporary setting.
Globally, comparable store sales grew 4%, fueled by a 3% increase in transactions and a 1% rise in average ticket size, with International comparable sales rising 5%.
According to court documentation, FAT Brands estimates both its assets and liabilities within the massive US$1 billion to US$10 billion range.
The total consideration is US$27.5 million, subject to standard purchase price adjustments, and will be paid in PAR Technology common stock, with the total value not exceeding US$30 million.