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Many predictions had been made about the way forward for retail and eating places in 2021 reminiscent of which manufacturers will look to IPO and what developments prompted by the coronavirus are almost definitely to stay intact after the pandemic subsides.
And early on, we’re seeing among the greatest gamers make good on these predictions. This week, we’re breaking down Flynn Restaurant Group’s $550 million gamble on Wendy’s and Pizza Hut shops. Walmart can be secretly launching a brand new well being initiative aimed toward serving to clients make more healthy decisions. What’s that about?
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Up till final week, Greg Flynn’s $2.three billion restaurant portfolio included outstanding manufacturers like Applebee’s, Taco Bell, Arby’s, and Panera Bread. However there have been two apparent classes lacking: pizza and burgers.
“They’re the 2 largest segments within the trade, and we weren’t in both of them,” Flynn advised Insider.
Due to its take care of NPC Worldwide, a now-bankrupt operator, Flynn Restaurant Group now owns greater than 1,100 Pizza Hut and Wendy’s areas. Flynn tells our correspondent Nancy Luna that one main issue attributable to the pandemic helped push the acquisition over the road.
Walmart’s new well being startup, to be developed by means of its Retailer No. eight incubation arm, is predicted to assist clients make more healthy decisions whereas procuring, Insider first reported.
The retailer is actively searching for a CEO who’s labored with clinicians and has a observe report of main well being analytics and information science groups to move up the initiative. Thus far, the enterprise has no identify and stays within the exploratory stage, however is predicted to leverage Walmart’s huge quantity of buyer information.
After all, Walmart has been no stranger to experimenting with new applied sciences and platforms of late, together with:
Elsewhere in retail: