This has been demonstrated by a sectoral report prepared by the Institute. Governance and Applied Economics Coordinates It is in the restaurant market in Spain that has identified these four companies, led by Alberto Torrado, Gregorio Jiménez, Virginia Donado and Luis Quintiliano, as leaders among companies specializing in Spanish ‘Food Service’.
The study highlights that, in fact, the hospitality industry is going through it. “one of the brightest moments”. In this sense, keep in mind that the ‘UVE Data Market Horeca 2023’ report, one of the indicators of the supply distribution channel, estimated that organized catering experienced a growth of 8.3% compared to 0.1% in the number of facilities. independent hotel industry. These data show the “good moment” and reflect “the probability of closing this year more than positive numbers”.
That is why the Instituto Coordenadas de Gobernanza y Economía Aplicada is focused on this sector and more specifically Spain’s leading companies, which it describes as leading companies. “appropriately called ‘The Big Four’”. McDonald’s, RBI, Alsea and Restalia were crowned as the largest and reference brands that “set the market and trends” according to the number and volume of stores.
ALSEA
Mexican band Alsea “one of the strongest” A strength attributed to the acquisition of different brands that Spain has carried out since its arrival in Spain. It then took over 72% of the Zena Group, which now controls Foster’s Hollywood and Domino’s Pizza. , as well as other chains.
In 2018, it included 100% of Grupo Vips in its holding company for 500 million euros, thus becoming Spain’s largest restaurant group. With Vips, he also controls all Starbucks in Spain by 2030.
After difficult years with losses exceeding 75 million Euros during the pandemic process, the company embarked on the path of recovery with a profit exceeding 80 million Euros in 2022. It now plans to relaunch Olé Molé, a Mexican food chain launched in 2019 “but it doesn’t seem like it’s finished getting together,” and the study points out that TGI Fridays must decide its future as it competes directly. With Foster’s.
RBI
Also, Restaurants Brands Iberia (RBI), which owns Burger King, Popeyes and Tim Hortons, is in the ‘Big Four’. It is currently owned by the Cinven fund, which took over the company, the largest operation in the industry in Spain, for 1,000 million. The new funds were allocated to the acquisition of Burger King restaurants, which Ibersol previously operated in Portugal and which RBI is trying to recover under its own regime, and the growth of new brands with its own restaurants. This positioned the company as the second largest by the number of restaurants exceeding 900 units.
The company will year 2022 32% increase in turnover compared to 2021Although they are facing the “challenging” of controlling a debt that has skyrocketed to 900m euros resulting from their strong investment in opening stores, according to the report.
Its strategic priorities are focused on the recovery of the only Burger King operation to close 2022 positively, and its commitment to new operations, notably Popeyes, which has achieved an “unstoppable pace” with 90 openings to date. Looking to the future, the company is also preparing to go public, as it announced a few weeks ago.
RESTALY
Restalia, on the other hand, ranks as Spain’s largest organized catering company and stands out with 100% of its capital owned by its founder, José María Capitán. All this with their own brands like 100 Montaditos or The Good Burger.
Final annual accounts released for 2021 reflected “a complete recovery” with a closure characterized by “very good data” following the pandemic and a turnover that increased by 64% compared to 2020. As the company announced at the beginning of the year, it expects a 23% improvement for 2022. Similar to what they expect for 2023.
According to the Instituto Coordenadas de Gobernanza y Economía Aplicada, a good start to the year seems to confirm the good moment the Spanish company is going through, which envisions opening 100 new business units with international expansion. “one of the highest priorities”By 2030, international weight is expected to represent 30% of the total.
MC DONALD’S
Finally, the study points to McDonald’s, which has maintained a “strong commitment” to Spain. Contrary to the expansion model that its main competitor Burger King currently prefers to grow through its own stores, it maintains a constant growth rate with its franchise model.
Currently, the company has more than 580 stores. At the end of the first quarter of the yearThe company has confirmed an investment of 250 million euros to meet its projections to create 125 new stores and more than 6,000 jobs in Spain by 2025.
For the Coordinate Institute, McDonald’s is “without doubt” one of the most stable companies in Spain. However, the report warns, of the “Big Four”, “it is the one that slowed its growth the most while its main rival, Burger King, stepped on the accelerator.”