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Inside Guzman y Gomez’s plan to reach $500 million in revenue

Inside Retail

Mexican fast food chain Guzman y Gomez (GYG) is planning to open an additional 30 drive-thrus in Australia over the next 12 months, which will bring the company’s total store count to over 180 locations across Australia, Singapore, Japan and the US. GYG plans to have another three to four stores up and running in the US by the end of 2021.

Planning 237
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Why the effort to shake up Endeavour’s board is rooted in the past

Inside Retail

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Commenting on the sale of 5.5

Expansion 246
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Afends opens two stores in Sydney, including CBD flagship

Inside Retail

Founded in 2006 by Jonathan Salfield and Declan Wise, Afends works with the motto ‘Question Everything’, which aims to encourage people to do their own research and come up with solutions to all of life’s problems. It is planning to launch in the US. . Afends at The Galleries.

Concept 246
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Retail appointments of the week

Inside Retail

Steele has worked with Krispy Kreme since 2006, rising through the ranks from crew member to store manager and area manager. He succeeds Frédéric Rozé, who is planning to retire after 38 years with the company. Patrick succeeds President Jean-André Rougeot, who plans to retire in April 2024.

Expansion 130
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7-Eleven parent to sell Sogo & Seibu for US$1.4 billion – report

Inside Retail

Seven & I announced its plan to sell the chain to focus on its convenience store and supermarket businesses earlier this year. Sogo & Seibu, previously known as Millennium Retailing, was acquired by Seven & I in 2006. It had been in talks with the SoftBank Group-affiliated investment fund to obtain the first refusal right.

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Guzman Y Guzman appoints Hilton Brett as co-CEO

Inside Retail

Quick service restaurant Guzman Y Guzman (GYG) has appointed Hilton Brett as co-CEO, effective immediately, as the company plans to launch an initial public offering and further expand in the US.

Line 130
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Boohoo launches in five Asian markets

Inside Retail

The expansion plan sees the launching of Boohoo’s sites in Japan, South Korea, Singapore, Hong Kong and Taiwan. Founded in Manchester in 2006, Boohoo is a multi-brand fashion, home and beauty platform targeting Gen Z and millennial customers.

Marketing 130