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12 March 2021

McDonald’s Philippines to Vaccinate Employees for Free

By Admin In , , , , ,

 

 

 

McDonald’s Philippines has announced that it will vaccinate its employees for free after it has confirmed its purchase of up to 100,000 doses of COVID-19 vaccines from Astra Zeneca.

Golden Arches Development Corp. (GADC), McDonald’s Philippines Franchisee stated that half of the vaccines will be donated to the government under the Department of Health (DOH) in accordance with the government’s allocation framework.

The President and Chief Executive Officer of McDonald’s Philippines reiterate that the health and safety of their employees are their top priority.  He further emphasized that it is the company’s responsibility to keep their people safe so as to protect their customers as well.

GADC experienced a net profit decline to P1.0 billion in the first nine months of 2020 from P1.2 billion previously, due to the lockdowns enforced nationwide to curb the spread of COVID-19.  Only 38% of its stores remained operational due to restrictions among dine-in and large gatherings.  Some 95% of stores eventually reopened as restrictions were lifted.

10 September 2020

Costa Coffee to close more stores in China by early next year

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British Coffee Chain Costa Coffee to close more stores in China by early next year.

In response to a plunge in consumer demand, the Coca-Cola-owned brand reduced its physical stores by 40 since August this year.  The store closures were 20 in Beijing, 2 in Hangzhou, 2 in Shanghai, 6 in Nanjing, and all 6 outlets in Qingdao, according to reports.

The pullback comes as a blow to the brand’s long-standing aspirations to tap into China’s Coffee market which took a major hit during the Covid-19 outbreak. Rising unemployment and other economic factors have hurt the spending power and discretionary consumption of Chinese consumers.

The company’s operations have also been affected by Covid-19 in the UK, its home market, with 1650 staff to be laid off.

Costa Coffee has had some major difficulties facing the competitive Chinese coffee market. Having just opened 500 of its 2500 store target networks in the last 14 years since its market entry in 2006. Despite the recent turn of events, the company asserts its commitment to the China market.

Coca Cola made a landmark acquisition of Costa Coffee, Europe’s largest coffee chain in 2018 for $4.8bn.

 

31 July 2020

Consumers apprehensive of dining out and interested in take out and delivery

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Consumers in the US are apprehensive of dining out and interested in takeout and delivery for fear of COVID-19 according to a survey by AlixPartners.

More than 26% of a thousand consumers surveyed said they will be cutting back on dining out, up from 20% from April polls.

Consumers are relying heavily on takeout and delivery. Some 80% of consumers reported ordering meals for take-out, which is up from 69% in the April survey.

Takeout and delivery orders were placed at least once a week by 57% of consumers polled for fast food and pizza.

Pick-up was a popular choice compared to food delivery. Only 16% of those surveyed preferred using third-party delivery providers.

The reason for their reduction in on-premise restaurant visits is the fear of getting infected with Covid-19 as acknowledged by 60% of those polled.

Safety measures, including outdoor seating, disposable menus, and mask-wearing, showed some hope in encouraging diners to visit restaurants, according to the survey. Mandated mask-wearing was cited by 36% of those surveyed as something that would increase their restaurant visits.