Quick Service Restaurant (QSR) & Pub Sector
McDonald's reportedly contributes €196m to the Irish economy per year
www.hospitalityireland.com – 27.11.2019
According to a report commissioned by McDonald's, the fast food chain contributes over €196 million to the Irish economy per year. McDonald's hired consultancy firm Development Economics to assess its economic impact, which includes wages, company profits and its contribution to the exchequer via taxes. The consultancy firm's findings are based on the fast food chain's 2017 numbers for Ireland. Development Economics found that McDonald's spent €53 million with Irish suppliers directly, with an additional €163 million worth of ingredients from Irish suppliers being exported to McDonald's outlets in other European countries.
JD Wetherspoon to spend more than £200m to develop pubs
www.rte.ie – 10.12.2019
Pub operator J D Wetherspoon said it would spend more than £200m to develop new pubs and hotels as well as to expand existing ones in the UK and Ireland, creating about 10,000 new jobs. The Watford-headquartered company said it will invest in major cities including Dublin, Galway, London, Edinburgh, Glasgow, Birmingham and Leeds. Wetherspoon operates 875 pubs and 58 hotels across the UK and Ireland and employs 44,000 staff.