We round up the latest developments in food-to-go... including Tim Hortons' UK entry, JAB's acquisition of Panera, and Franprix's new retail format.
New market entry: Tim Hortons set to open first UK store
Tim Hortons, the iconic Canadian coffee/food-to-go chain, will open its first store on Argyle Street in Glasgow in early May. The coffee chain plans to open stores in cities nationwide over the next 12 months.
Restaurant Brands sees it as a strategic market for Tim Hortons, due to its reputation as a nation of coffee lovers, and the scale opportunities of the UK food-to-go channel, which we forecast to be worth £21.7bn by 2021.
M&A: Krispy Kreme owner acquires Panera Bread
JAB Holding Co, who owns coffee-related brands including Caribou Coffee, Peet's Coffee and Krispy Kreme, announced the acquisition of publicly traded Panera Bread Co. The deal valued at about $7.5bn will see JAB add another coffee and bakery chain to its investment portfolio.
Panera has 2,000 bakery cafes throughout the US and is known for its fresh offerings, including salads, soup, and sandwiches. It has differentiated itself from other fast-casual chains by appealing to health-conscious consumers. As an early adopter of digital ordering, Panera is an attractive investment for JAB, as it can implement learnings from Panera's strong digital platform into its other coffee brands.
Latest retail format development: Franprix Mandarine vitaminee, Paris
Franprix, part of the Casino group, has recently launched a new version of its Franprix 'Mandarine' concept. The foodservice-focused concept was launched two years ago. The new concept, called 'Mandarine vitaminee', has a larger eating area than the previous, taking up around 20% of the sales area.
Franprix hopes to attract more customers to have breakfast and snacks, as well as lunch. Although more focused on foodservice, it does have wide grocery ranges, including fresh food counters, to meet many shopper needs. The remaining 40% of Franprix stores will move to 'Mandarine vitaminee' by the end of 2017.
Source: IGD Research
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|Holly Browne is a Retail Analyst at IGD, specialising in research in the convenience, food-to-go and online channels. To learn more about how IGD's research can benefit your business further, please get in touch - email@example.com|