Food & Beverage News
New Technologies, New Services
St. Louis-based ASI LLC saw big changes in 2019 and the first part of 2020, enabling the company to provide its commissary, supplier and retail clients with even better food safety audit and other services, said Tyler Williams, vice president of operations. “The two main areas that we’ve had our largest strides in are our…
Read MoreA Letter from Tom Ben
In light of all that has happened in our industry, in our communities, and in our businesses during this unprecedented time, I know it is sometimes hard to know what tomorrow brings. Having said that, I am confident that the passion, creativity, and entrepreneurial spirit that has made this industry great for so many years…
Read MoreDarden Inches Closer to Life as Normal
Darden announced that dine-in traffic at flagship brands Olive Garden and LongHorn Steakhouse has led to an improvement of more than 10 percentage points in same-store sales. As of Sunday, 49 percent of dining rooms were open in a limited capacity. The company expects more than 65 percent to be open by the end of…
Read MoreRestaurant Transactions Improve as 1.4 Million Workers Return to the Job
Major restaurant chain customer transactions have continued improving as more dining rooms reopen. Transactions were down 18% year-over-year in the week ended May 31, up 3% from the previous week, according to data from NPD. Transactions at major full-service chains were down 37% year-over-year, a 15% improvement from the prior week. Quick-service restaurant chain transactions declined…
Read MoreInvestment Group Acquires Krystal Restaurants
Krystal filed for bankruptcy in January and was put up for sale as part of the reorganization process. Fortress emerged as the successful bidder of the business. Thomas Stager was named president of Krystal, effective immediately. He replaces Tim Ward, former president and chief operating officer. Mr. Ward, along with former chief financial officer Bruce Vermilyea, are…
Read MoreJust Eat in Pact to Purchase Grubhub
The European food delivery company entered into a definitive agreement to acquire 100% of the shares of Grubhub in an all-stock transaction. Combined, the two companies will create the largest online food delivery service outside of China, measured by gross merchandise value and revenues. The announcement comes after several weeks of negotiations between Uber and…
Read MoreMcDonald’s to Reopen 975 more UK Branches for Drive-Through or Delivery
The news means every drive-through restaurant in the UK and Ireland will reopen between Tuesday and Thursday next week. Customers face a £25 cap on their orders, while each franchise has been asked to make sure its staff are fit and able to work. A McDonald’s spokesperson said: “We can today announce that by 4th June,…
Read MoreU.S. Arm of Le Pain Quotidien Files Bankruptcy, Agrees to Sell Units to Aurify Brands LLC
The parent of Le Pain Quotidien agreed to sell its U.S. locations of the bakery-cafe chain to New York-based multiconcept operator Aurify Brands LLC for about $3 million. The agreement came as PQ New York Inc., operator of 98 Le Pain Quotidien restaurants across the U.S. before the pandemic, filed for Chapter 11 reorganization. As part…
Read MoreJohn Fuller, a former Johnny Rockets CEO, Joins the Company Owned by the Wahlberg Brothers
The new CEO of the Wahlburgers restaurant chain isn’t letting the pandemic get in the way of ambitious expansion plans. As John Fuller researched the company before interviewing for the CEO job at the Hingham-based group, he was surprised to learn it only had 37 locations, given its widespread name recognition. There’s a good reason…
Read MoreHubworks Offering HACCP Compliance Software Free to Restaurants
As a response to the current hardship faced by the restaurant industry Hubworks, powered by Altametrics, is now offering their HACCP compliance software, Zip HACCP, free to all restaurants for life. This decision came as a result of Altametrics seeking a way to give back to the community that supports the company. As restaurants continue…
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