Tuesday, September 4th, 2018

Restaurant Brands New Zealand Plans to End its License Agreement with Starbucks
Restaurant Brands New Zealand Company Statement

The company announced that its license agreement with Starbucks International will not renew when it expires in October of this year.

Restaurant Brands New Zealand, which operates New Zealand’s chain outlets including KFC, Pizza Hut, Carl’s Jr. has sold the fixed assets and stock in its Starbucks business for $4.4 million to Tahua Capital Limited.

According to a company statement, the deal will help Restaurant Brands New Zealand concentrate more on its core quick service restaurant brands.

Loot Crate Announces $23 million in New Funding
Company Press Release

The subscription commerce company announced that it it has secured new financing in order to fully refinance its outstanding debt facilities and to provide incremental operating capital for the business.

According to a company press release, Loot Crate also looks to use the funds to help its existing subscription lines, improve the overall customer experience, enabling new product launches, grow new product lines, and the establish new distribution channels.

The funding round was led by Atalaya Capital Management.

Lyft is Reportedly Working with an Advisor to Help it Plan for its Expected IPO in 2019

Bloomberg reports that the ride-sharing company is reportedly in discussions with an advisor for a potential IPO early next year, citing sources familiar with the matter.

According to the report, the Class V Group is working closely with the tech company to assist in the IPO process.

The company’s major rival, Uber, is also reportedly expected to go public in 2019.