Las Iguanas appoints new MD
Latin American chain, Las Iguanas, has appointed Mos Shamel as its new managing director. Founder and current MD, Eren Ali, will become executive chairman.
Mr Shamal joined the company in 2004 as operations director, when the brand has only six sites. Las Iguanas now operates 35 restaurants around the country.
Giggling Squid increases borrowing facility
Thai tapas chain, Giggling Squid, has moved its banking to banking to Barclays to increase its borrowing facility to £2 million, according to M&C Report. The move will allow the chain to double its borrowing power.
Giggling Squid is currently refurbishing its first site, in Hove, and opened its 10th, in Sevenoaks, in July. Giggling Squid currently has four sites in the pipeline. The new borrowing facility will allow the company to speed up expansion.
Leon launches milk-free shakes
New fast food concept, Leon, has introduced a free-from version of a classic fast food item, the milkshake. Leon's shakes are made with unsweetened almond milk and are dairy, gluten and wheat-free. The shake comes in Original Vanilla, Banana & Cinnamon and Flaked Chocolate flavours.
Gluten-free products are one of the main growth areas on menus this year. Allegra believes Leon's shake could be an indication of things to come in the wider branded space, as free-from foods and allergy information become increasingly important.
Burger King and Tim Hortons merge
Burger King has merged with Canadian coffee chain, Tim Hortons, creating the third largest fast food operator in the world, with sales estimated at around $23bn across 100 countries.
The merger is the work of Burger King's 33-year-old CEO, Daniel Schwartz, who was appointed last summer by the chain's private equity owners, 3G Capital. The young CEO and a host of executives in their late twenties are tackling the challenge of a changing fast food landscape, where new fast food and healthy concepts are growing in popularity.
Itsu strengthens management ahead of accelerated expansion
Healthy fast food chain, Itsu, has appointed three new senior management staff to its head office team as it prepares for further expansion, according to M&C Report. Terry Rose joins as head of technology & infrastructure, Jo Cash as head of marketing & communications, and Rebecca Rose as head of Academy.
Earlier this month Julian Metcalfe, founder of Itsu, said the chain had 30 sites in its pipeline. The chain successfully taps into several key trends in the market, most notably the ethos of premiumised informality.