A successful acquisition would rank among Irth’s first major transactions since its launch.
Ocean Basket seeks in-country collaborators who live and breathe hospitality, have successfully run multi-site operations, and share the brand’s long-term vision.
Analysts warn travelers should brace for extended flight times, with Asia-Europe routes adding two to five hours of detour time, and prepare for higher ticket prices ahead.
Papa Johns forecasted global system-wide restaurant sales to be flat to down in the low single digits, with adjusted EBITDA expected between US$200 million and US$210 million.
The closures come on the heels of massive acquisitions that transformed DoorDash into a global player; the company completed its takeover of UK-based Deliveroo through a court-approved scheme of arrangement, following the earlier US$8.1 billion acquisition of Wolt in June 2022.
While revenue soared to US$1.16 billion for the full year (up 22.5%), adjusted net income for the quarter slipped to US$4.9 million from US$6.5 million.
Riskline’s suite combines human expertise, artificial intelligence, and open-source intelligence to deliver actionable risk insights directly embedded within BCD’s travel management platform.
The strong results translated directly to franchisee profitability, demonstrating the brand’s ability to balance store-level economics with compelling customer value propositions.
The project has identified 10 target countries for regional partnerships: Australia, Brazil, China, Egypt, India, Poland, Spain, Thailand, the UAE, and the United States.
The focus now is on stabilizing traffic, optimizing the restaurant footprint, and executing the turnaround plan with discipline.