Cruise News Hubb
Advertisement
  • Home
  • News
  • Destination
  • Cruise Ships
  • Contact us
No Result
View All Result
  • Home
  • News
  • Destination
  • Cruise Ships
  • Contact us
No Result
View All Result
Cruise News Hubb
No Result
View All Result
Home Cruise Ships

Freshii just got bought for millions by the company that owns Milestones

admin by admin
December 19, 2022
in Cruise Ships


Montreal-based restaurant franchisor Foodtastic Inc. just signed a deal to buy fast casual restaurant franchise, Freshii Inc., for a whopping $74.4 million. 

Foodtastic Inc. is already behind over 20 brands like Second Cup, Pita Pit, Milestones, Shoeless Joe’s, and Copper Branch. 

The deal will involve Foodtastic paying $2.30 per share in cash, representing a total of $74.4 million on a fully diluted basis. 

Freshii CEO Daniel Haroun said the transaction “recognizes the tremendous value of the Freshii brand.” He also said that the recent acquisition will generate additional opportunities for Freshii’s cosumer packaged goods business. 

The healthy fast food chain said it operates over 343 locations in North America and internationally. 

Earlier this month, the restaurant franchisor also entered into an agreement to acquire Quesada Burritos & Tacos. The Toronto-founded and Mexican-inspired chain already has over 175 locations across eight provinces. 

Foodtastic plans to develop the Quesada brand even further, with over 50 new locations expected to open over the next 36 months. 

While Freshii is well loved around the country for its grain bowls, superfood smoothies and burritos, the brand was embroiled in controversy earlier this year for its outsourcing of jobs. 

Back in April, many Freshii customers began to notice a video-calling device – called “Percy” – attached to cash registers in several of the company’s locations across Ontario.

Freshii criticized for hiring low-wage virtual workers 💻 #Toronto #Freshii pic.twitter.com/OKBycXm7l6

— blogTO (@blogTO) April 30, 2022

As customers approached the screen, a virtual cashier appeared wearing a headset, and took orders despite not being physically present in the store. 

The Toronto Star reported that some of these virtual workers processed orders from a Nicaraguan call centre nearly 6,000 km away, where they earned less than Ontario’s minimum wage. 

Two virtual cashiers spoke with the Star and stated that the call centre they work at pays them just US$3.75 an hour. 

The discovery of the virtual workers, along with their below minimum wage pay, caused shock waves and calls of boycott on social media. 

In a previous corporate filing, Freshii stated that it adopted this new virtual technology in hopes of “assisting [its] paertners in managing costs and protecting profitability.” 

The healthy fast food chain also spoke of other upcoming “labour optimization programs in development.”





Source link

Tags: foodtasticfreshii
Previous Post

Princess Cruises to Implement Beverage and Dining Hikes

Next Post

Engine Manufacturers Get Ready for the Green Transition

Next Post

Engine Manufacturers Get Ready for the Green Transition

Recommended

Naming Ceremony Set for P&O’s Arvia Cruise Ship

December 11, 2022

Explora Journeys Introduces New Program for Multi-Generational Families

May 11, 2023

This Italian bakery in Toronto has been making cannoli since 1986

January 28, 2023

Your Guide to the Best Mazatlán Beaches

November 11, 2022

Don't miss it

News

Damen Shipyards Delivers New Multi Cat 3313 Shallow Draft Class

May 27, 2023
Cruise Ships

Grand Bend in Ontario is a beach town known for its blue waters and party vibes

May 27, 2023
News

Norwegian Cruise Line ships ranked by size from biggest to smallest — the complete list

May 27, 2023
News

Cruise News Update: May 27, 2023

May 27, 2023
News

Royal Navy Completes Conversion of PSV into Minehunting Mother Ship

May 26, 2023
Cruise Ships

Two popular TV shows having a huge prop sale in Toronto

May 26, 2023
cruise-white

© Cruise News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Destination
  • Cruise Ships
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Destination
  • Cruise Ships
  • Contact us

© 2022 Cruise News Hubb All rights reserved.