KUALA LUMPUR, Malaysia, Nov. 5, 2024 /PRNewswire/ -- TGI Fridays Malaysia assures customers that local franchise restaurants continue operating as usual and remain unaffected by the recent Chapter 11 filing by TGI Fridays Inc. in the United States.
Craveat International Sdn Bhd, a wholly owned subsidiary of Techna-X Berhad, is the Master franchisee and developer for TGI Fridays Malaysia. Craveat International Sdn Bhd operates under the franchise agreement with TGI Fridays Franchisor, LLC, which is separate from TGI Fridays Inc. and is not impacted by this restructuring in the U.S.
TGI Fridays Franchisor, LLC has franchised the brand to 56 franchisees in 41 countries. All of these franchise locations, both domestic and international, are independently owned and therefore not included in TGI Fridays Inc.'s Chapter 11 process. They are open and serving customers as usual.
TGI Fridays Inc., which oversees 39 corporate-owned restaurants in the U.S., filed for Chapter 11 protection on November 2, 2024, in Dallas, Texas. This legal step allows TGI Fridays Inc. to reorganize and restructure its financial operations to ensure long-term stability. The filing impacts only corporate-owned restaurants in the U.S., while franchise locations worldwide remain unaffected. TGI Fridays continues to operate more than 400 restaurants globally, committed to delivering That Fridays Feelingâ„¢ to guests worldwide.
TGI Fridays Malaysia: Business as Usual with New Openings Ahead
TGI Fridays Malaysia remains strong and is excited to announce several new developments:
"We're thrilled to be expanding in Malaysia and bringing more opportunities for our guests to experience That Fridays Feelingâ„¢," said Mr. Lee Yew Jin, CEO of TGI Fridays Malaysia. "Our local restaurants remain committed to delivering the great food, service, and celebration that our guests know and love."
Commitment to Ongoing Franchise Support
To ensure continuity for franchisees worldwide, TGI Fridays Franchisor, LLC has established a Transition Services Agreement to maintain support services during this period. These measures allow franchise operations, including those in Malaysia, to continue business without disruption.
About TGI Fridays Malaysia
As the world's first casual bar and grill, TGI Fridays has long been a place for celebration, serving classic American dishes and signature cocktails with a sense of fun and warmth. TGI Fridays Malaysia invites customers to experience the spirit of "In here, it's always Friday," bringing people together to celebrate life's moments, big and small.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TGI Fridays Malaysia Remains Unaffected as TGI Fridays Franchisor LLC Is Not Involved in the US Chapter 11 Filing
VEVEY, Switzerland, Nov. 5, 2024 /PRNewswire/ -- Nestlé Professional, Nestlé's business-to-business and out-of-home expert, is expanding its Nescafé Fusion system, a range of coffee machines that offer a wide variety of personalized drink options, from hot or cold, to whole roasted beans or instant, to dairy or plant-based milks for white cups.
Offices, hotels, convenience stores as well as education and healthcare institutions consider coffee essential for their customers and employees and look to offer a wider range of beverage choices. Due to the growing demand for cold coffee, especially among younger generations, having an iced beverage option is as important as having a hot one. Food service providers need to answer to this rising consumer demand by having both hot and cold options available at the same time, in a convenient, easy-to-use and personalized manner. But this can be challenging.
Delivering on that need, Nescafé Fusion provides espresso-based beverages, filter coffee and popular iced drinks, like lattes, cappuccinos, and mochas. Food service providers can choose from 14 different coffee machine models based on their business size, cup capacity, counter space and consumer needs. The Nescafé Fusion range has already been launched in 15 markets across Asia, Europe and Latin America and is now being rolled out to an additional 60 markets. The range was developed under the leadership of Nestlé's R&D teams in Orbe, Switzerland, combining system expertise and coffee know-how.
"As the demand for cold beverages increases, particularly among younger generations, our food service providers need to adapt and cater to this trend by offering a versatile menu of both hot and iced beverages," said Reinhold Jakobi, Global Head of Nestlé Professional. "Nescafé Fusion delivers customizable coffee experiences while reflecting our commitment to sustainability."
In addition to being easy to operate and providing different coffee menu options, the Nescafé Fusion machines use up to 30% recycled plastic[1] and can achieve energy savings of up to 60%[2] compared to previous Nescafé machines. The machines use hot water to pre-heat the brewing chamber on demand, replacing heating fans.
To help them decide which Nescafé Fusion machine best fits their business needs, food service providers can use the Lifecycle Assessment Tool to assess a machine's emissions, water usage, resource impact and more[3]. This tool provides region-specific data for Europe, North America, Latin America, and Asia.
Telemetry is embedded into Nescafé Fusion machines for troubleshooting, machine settings and beverage calibrations. Nestlé Professional technical experts receive issue reports on a real-time basis, reducing the need for travel to check or maintain the systems.
As all aspects of sustainability are important, Nestlé Professional customers can trace the coffee from the region it was grown to where it was roasted and packed via the "Trace my Coffee" pilot program, launched in Spain and the Netherlands and soon to be launched in the UK and Portugal.
[1] The % is evaluated on total weight of plastic used.
[2] Compared to previous models, valid for bean to cup models
[3] The environmental footprint values given are indicative only. All results are based on a combination of data sources, including public data, Nestlé data, machine manufacturer data and Quantis data. This means that the life cycle assessment covers all specific Nestlé Professional results regarding coffee, cup and machine.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Nescafé Fusion enables food service providers to deliver personalized coffee experiences
Nescafé Fusion enables food service providers to deliver personalized coffee experiences
