Food & Beverage News
U.S. adds 136,000 jobs in September
U.S. employers added a modest 136,000 jobs in September, enough to help lower the unemployment rate to a new five-decade low of 3.5%. Hiring has slowed this year as the U.S.-China trade war has intensified, global growth has slowed and businesses have cut back on their investment spending. Even so, hiring has averaged 157,000 in…
Read MoreRestaurant Association Trains Active-Duty Military on Culinary Skills
Through its educational foundation, the National Restaurant Association is serving up opportunity to active members of the military. The association recently hosted service members during its first-ever Advanced Culinary Training Program (ACTP), held at the campus of the Culinary Institute of America Texas campus in San Antonio. The quarterly program, which will continue into 2020,…
Read MoreMcDonald’s is Finally Taking a Nibble of the Plant-Based Burger
McDonald’s said that will sell the PLT, or the plant, lettuce and tomato burger for 12 weeks in 28 restaurants in Southwestern Ontario by the end of the month. McDonald’s says it developed a special recipe using burgers from Beyond Meat, a California-based startup that makes “meat” from pea protein, canola oil, beet juice and…
Read MoreIHOP Continues Latin American Expansion with Three Restaurant Openings in Ecuador
Dine Brands International has opened three IHOP restaurants in Ecuador continuing its expansion in Latin America. Two IHOP restaurants are located in the port city of Guayaquil and one in the city of Ambato. 12 IHOP restaurants are expected to open throughout Ecuador by 2024 through an agreement with new franchisee Corporación El Rosado. Dine…
Read MoreCracker Barrel’s Country Legend Award Presented to Loretta Lynn
To honor the legendary Loretta Lynn for blazing a trail for women in country music, Cracker Barrel Old Country Store named the icon its 2019 Cracker Barrel Country Legend Award recipient. The award was presented to Loretta by Cracker Barrel’s “Five Decades, One Voice” partner artist Trisha Yearwood at Lynn’s beloved ranch in Hurricane Mills, Tennessee. “Loretta has played such an integral role…
Read MoreLandry’s buys Del Frisco’s Grille and Double Eagle Steakhouse
Private equity firm L Catterton has completed the acquisition of Del Frisco’s Restaurant Group Inc. for approximately $650 million or $8 per share, as first announced in June. As part of the transaction, L Catterton will be selling two of the restaurant group’s brands — Del Frisco’s Double Eagle Steakhouse and Del Frisco’s Grille — to hospitality company,…
Read MoreJimmy John’s is Getting Sold to Atlanta-Based Inspire Brands
Jimmy John’s Sandwiches, which has grown to more than 2,800 shops since its founding in Charleston, Ill., 36 years ago, is getting sold to the owner of Arby’s, Buffalo Wild Wings, Sonic Drive-In and Rusty Taco. Financial terms of the deal with Atlanta-based Inspire Brands, announced early Wednesday, were not disclosed. After the transaction closes,…
Read More4 More Cannabis Restaurants Coming to West Hollywood
First up is expected to be Lowell Café, one of eight restaurant and lounge concepts that will allow onsite cannabis smoking, vaping and consumption of edibles. The restaurant is scheduled to open in September. Lowell is one of 16 businesses planning to combine cannabis and foodservice in some form that have won a first round…
Read MorePizza Hut to Close Hundreds of Dine-in Locations
“We are leaning in to accelerate the transition of our Pizza Hut U.S. asset base to truly modern delivery/carryout assets,” said David W. Gibbs, president, chief operating officer and chief financial officer for Yum! Brands, in an Aug. 1 earnings call to discuss second-quarter results. “This will ultimately strengthen the Pizza Hut business in the…
Read MoreWhat Does the Future Hold for Hooters and Twin Peaks?
Historically, chains like Hooters and Twin Peaks, and their scantily clad waitresses, established a niche audience, of mostly men, in the sports-bar restaurant space. But industry consultants suggest that although they’re holding their own, times have changed, and they need to adapt in order to keep pace. Showing how challenging the category can be, the Arc…
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