Project Pollo Vegan Chicken Fingers

©Project Pollo

Investments & Finance

Former McDonald’s CEO Steve Easterbrook Joins Chik’n Chain Project Pollo as Investor and Advisor

Plant-based chick’n chain Project Pollo revealed it has received a growth investment from former McDonald’s CEO Steve Easterbrook.  Easterbrook is also serving as a direct advisor to the chain as it aims to open 100 locations by the year 2025.  Easterbrook’s investment closed a recent seed round for the brand, reports QSR, which has opened 15 units across Texas in two years. Specializing in vegan chicken sandwiches, Project Pollo has ambitious growth plans and intends to compete directly with top chicken franchise Chick-Fil-A, according to founder and CEO Lucas Bradbury. In the near future, the brand is preparing to open new locations in Boulder, CO, Tempe, AZ and Las Vegas, with plans to enter markets such as Nashville, Atlanta, Tampa and Miami in 2023. Franchise …

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Steve Easterbrook

Steve Easterbrook ©McDonald's

Investments & Acquisitions

Former McDonalds CEO Steve Easterbrook Invests in Clean Kitchen Club

Steve Easterbrook, the British-born former CEO of McDonalds, has invested in London-based vegan quick-service restaurant chain Clean Kitchen Club. The sum invested has not been disclosed. Founded by Made in Chelsea star Verity Bowditch and former YouTuber Mikey Pearce, Clean Kitchen Club initially set up shop as a dark kitchen during the pandemic in 2020. By the end of 2021, the chain already had five sites across London, offering mainly burgers and bowls along with a selection of sides and smoothies. The new investment from Easterbrook follows Clean Kitchen Club’s £1.4 million seed funding round in November of last year, where the chain achieved a £7.5 million valuation less than 12 months after it launched. By that point, Clean Kitchen Club had already sold over …

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McDonalds_BigVeganTS

©McDonald's

Food & Beverage

McDonald’s CEO on Vegan Options: “We’re Keeping a Close Eye On It – Watch This Space”

McDonald’s CEO Steve Easterbrook participated in an interview with CNBC to discuss the possibility of the fast food giant offering widespread vegan options. During the video interview, Easterbrook acknowledges that adding a plant-based option should boost foot traffic but says that further market research must be carried out.

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