Fast food growth in Spain driven by national tastes, but multinationals remain strong

Article Abstract:

Spanish-style restaurants are responsible for continuing growth in the Spanish fast food sector. Telepizza ranks second in the sector, after McDonalds; while Bocatta, Pans & Co, Gofy, and Pizza World all rank within the top 10 fast food chains. Industry growth is expected to slow, unless new styles are introduced. Pizza Hut and KFC have both suffered losses recently, although they still rank among the top ten.

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Telepizza to sell pizzas via vending machines

Article Abstract:

Telepizza, the largest fastfood chain in Spain, has set up Vending Pizza, a subsidiary that will sell hot pizzas through vending machines. The company acquired the patent for the machines from their inventor Masoud Zandi, an Iranian businessman.

Spain, Parent-to-subsidiary activities, Management, TelePizza S.A., Vending Pizza

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McDonald's Germany back on track

Article Abstract:

McDonald's Germany reports that it has had its best year since 1995. Sales rose 11.8%.The company does not, however, disclose profits retained. Fewer restaurants will be opened in 1999 than in previous years, 89 as opposed to the usual 100.

Germany, Sales, profits & dividends, Finance, Restaurant industry, McDonald's Deutschland Inc.

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