Word: chains
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...economic cataclysm struck in 1997 and, in spite of all of Suharto's soldiers and all of his money, Indonesia was inundated by the Asian financial crisis. Currency speculation had led to the collapse of Thailand's currency, which started a chain of events that swamped Indonesia's rupiah. The devaluation sent company profits dramatically downward; Jakarta's stock market crashed. Food prices spiked upwards, leading to rioting in the streets and the death of perhaps hundreds of people clamoring for food in the capital. The country's divisions re-emerged: Muslims vs. non-Muslims; Malay-Indonesians vs. Chinese-Indonesians...
Flay believes the trend is so far-reaching that he's planning to open a high-end burger chain, Bobby's Burger Palace--with a menu featuring variations from different parts of the U.S.--starting in Smithtown, N.Y., and Monmouth County, N.J. "Everybody across the country now understands that at any price point you should be able to eat well, whether it's a burger or a prix fixe meal at Thomas Keller," says Flay. "People are finally willing to pay more for better food, whether it's fast food or five-star food." Keller's upcoming Burgers and Half...
...million in 2006. International profits drove the stock price up 82% over 10 years. Yum's largest markets overseas include Australia and the U.K. Pizza Hut ranks as the most trusted food-service brand in India, and Russia will soon greet the Colonel through a partnership with top chicken chain Rostik...
Taco Bell is still working out kinks in its supply chain overseas. While chicken and pizza dough are procured relatively easily around the world, the company can't find a taco shell in Mexico that meets its specs. "We have high quality standards for elements like our tacos and ground beef and cheese, and trying to match those in each of these countries is not easy," says Allan. So for now, Taco Bell Mexico imports taco shells from the U.S., a fact that might irk consumers in the birthplace of the taco. But Allan stresses that the tactic...
...roasted chicken. In fact, the roasted menu items are such a hit in China that Yum executives are testing them out in the U.S. It's an interesting twist: Yum is looking to the soaring international business to expand its appeal at home. What about bringing its Chinese-food chain to the U.S.? "Now that," says Novak, "would be a Class A opportunity." To put it another way, that's thinking outside the sticky...