Foodservice Equip & Supplies News
Too Good to Go Reducing Food Waste one Click at a Time
Chicago is the most recent city to welcome Too Good To Go, the company behind its namesake app for reducing food waste. Founded in 2016 in Copenhagen, and now in 15 countries, Too Good To Go saves more than 200,000 meals every day. Since the B Corporation’s US launch 10 months ago, the app has…
Read MoreWelbilt agrees to be acquired by Ali Group, after cash bid was deemed ‘superior’ to Middleby’s all-stock bid
Welbilt Inc. WBT, 0.13% announced Wednesday an agreement to be acquired by Ali Group S.r.l. in a cash deal that values the foodservice equipment company at about $3.40 billion. Under the terms of the agreement, Italy-based Ali Group will pay $24 for each Welbilt share outstanding. Welbilt had about 141.92 million shares outstanding as of…
Read MoreGrubhub Launches Guarantee for on-Time Food Delivery and Lowest Price
With the ink dry on new ownership by Just Eat Takeaway, Grubhub on Monday took a shot at the competition by launching a new guarantee promising consumers on-time delivery at the lowest delivery price, or the diner will receive perks for free food. Calling it the Grubhub Guarantee, the Chicago-based delivery provider said the promise…
Read MoreWhere the Restaurant Recovery Goes from Here
A bipartisan group in Congress continues to chase $60 billion in further restaurant aid. A dozen senators and 150 House members sponsored legislation this week to replenish the Restaurant Revitalization Fund, which has faced its share of heat in recent days. The grant program rescinded nearly 3,000 minority- and women-owned applications due to a federal…
Read MoreBusinesses and Workers are Poised to Emerge from the Downturn with far Less Permanent Damage
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire, and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn. New businesses are popping up…
Read MoreCOVID-19 Vaccination Rates in the US Continue to Rise
As COVID-19 vaccination rates in the US continue to rise, many restaurants are inviting fully vaccinated customers to come in and dine mask-free. However, most eateries are taking an “honor system” approach when it comes to customers’ vaccination status in an effort to avoid pushback from guests and the possibility of running afoul of state…
Read MoreCongress introduces a $60 billion replenishment of the Restaurant Revitalization Fund
Congress unveiled new legislation — the Restaurant Revitalization Fund Replenishment Act of 2021 — to replenish the depleted first round of restaurant relief. Congress introduced legislation to replenish the Restaurant Revitalization Fund with a $60 billion second round of restaurant relief after the U.S. Small Business Administration received requests for more than triple the allocated…
Read MoreThe ‘Next Steps’ Guide Shows Operators what they Should do if they Receive a Grant, besides Spend it Wisely
The National Restaurant Association has released a guide for restaurants and bars that applied for the Restaurant Revitalization fund, which opened on May 3, including records to maintain and keep track of and learning how to address new funds in tax filings. Keep a copy of all submitted records, including the application itself Keep all…
Read MoreItaly’s Ali Group makes $3.3B cash bid for US rival Welbilt
Italian foodservice equipment maker Ali Group has made a $3.3 billion cash offer for U.S. rival Welbilt, a source close to the matter said on Friday, surpassing an offer made for the company last month. The source added that Ali Group is offering $23 for each Welbilt share. The news was first reported by the…
Read MoreSpaceman USA to Acquire Food Equipment IOT Tech Startup BDE Innovation.
Forte Supply LLC, the Parent company of Spaceman USA and BDE Innovation has entered into a definitive agreement under which Spaceman USA will acquire BDE Innovation, enhancing the Spaceman USA equipment platform with a portfolio of IoT and dispensing technologies. This transaction brings technology enhancements as well as Marcus Buscemi Jr., CEO of BDE Innovation…
Read More
