AGP Executive Report
Last update: 11 hours agoRestaurant Deal: Gregorio Jiménez is leading a €2.33 billion deal to take 51% of Restaurant Brands Europe, which operates Burger King, Popeyes and Tim Hortons in Spain, Portugal and Italy. The sale ends Cinven’s control and is billed as Spain’s largest restaurant-industry transaction. Beverage Industry: Spain’s non-alcoholic drinks sector generated €11.81 billion in value added in 2025, or 0.7% of GDP, and supported more than 211,500 jobs. Sales rose 3.1% to €4.96 billion, with over 90% of drinks consumed domestically made in Spain. KFC Partnership: PepsiCo renewed its beverage deal with KFC in Spain and seven other markets, despite KFC’s planned switch to Coca-Cola in the US. The partners will develop localized drinks, including options aimed at younger consumers. Global Dining: Basque restaurant Asador Etxebarri took the No. 1 spot on the 2026 World’s 50 Best Restaurants list, putting Spain at the top of the global rankings.
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