McDonald’s has announced that Ian Borden, most recently president, International Developmental Licensed (IDL) Markets, has been appointed to president, International, effective immediately. Borden will continue reporting to Chris Kempczinski, McDonald’s president and CEO. This announcement follows the appointment of Joe Erlinger to president, McDonald’s USA.
In his new role, Borden will assume oversight for all international markets, including International Operated Markets (IOM), which include all wholly owned markets outside of the United States, in addition to the more than 80 markets in the IDL segment that he oversees in his current role.
“Ian has a proven record of focusing on the customer to deliver profitable business growth while strengthening collaboration with our global franchisee community,” said Kempczinski. “His deep experiences leading McDonald’s in markets across the world uniquely position him to connect the dots to drive strong results. I’m delighted to announce his expanded role for McDonald’s and am confident he and the talented leaders in our wholly owned and developmentally licensed markets will make McDonald’s even better throughout the communities in which we operate.”
Purity Organic, an organic food company based in Oakland, Calif., has announced the acquisition of Dunn’s River Brands, maker of Sweet Leaf Tea and Tradewinds Beverage Co.
Califia Farms, maker of plant-based milks and ready-to-drink coffee, has raised $225 million from global investors in a series D financing round.
U.S. quick-service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December and were the primary contributor to the total industry gains in the month, according to The NPD Group.
TreeHouse Foods has announced the dissolution of the previously announced agreement to sell its ready-to-eat (RTE) cereal business to Post Holdings.
Cott has entered into a definitive agreement pursuant to which Cott will acquire Primo Water for $14 per share, a transaction that values Primo at approximately $775 million.