Global Foodservice News
CEO Peter McGuinness Quitting Impossible Foods as Plant-Based Burgers Languish
He left Chobani in 2022 to replace Impossible’s founder; a three-member executive team shares the CEO responsibilities for now. Peter McGuinness has decided to quit as CEO of plant-based “meat” maker Impossible Foods after leading the company for nearly four years. He will remain on the board of directors while Impossible’s three-member executive leadership team…
Read MoreChipotle spends more on marketing amid search for ‘unicorn’ CMO
The fast casual chain plans to better support its marketing with targeted media as it looks to reverse negative sales growth. Chipotle plans to evolve its brand messaging as part of a new “Recipe for Growth” strategy, according to an earnings statement. The five-point growth plan comes as the fast casual chain notched its third…
Read MoreInside TGI Fridays’ ambitious path to 1K units by 2030
CEO Ray Blanchette said the chain has signed 150 agreements within the past six months, and franchisees are excited to grow again. It might seem impossible for TGI Fridays to hit 1,000 units and $2 billion in revenue by 2030, but CEO Ray Blanchette said the once-bankrupt chain has a clear path to growth through…
Read MoreTips to Successfully Build and Scale a Restaurant Franchise
Surround yourself with qualified experts who can help you develop the right strategies. A recent International Franchise Association report shows that franchising continues to have a substantial, positive impact on the U.S. economy. The restaurant industry has always been fertile ground for franchise success. Restauranteurs looking to expand their concept should consider franchising as an…
Read MorePortillo’s hires Outback Steakhouse vet as CEO
Brett Patterson, who most recently served as CEO of Miller’s Ale House, joins the chain as it slows down its unit growth. Dive Brief: Portillo’s has appointed Brett Patterson as president and CEO, effective Feb. 23, the company said in a Wednesday press release. He will also join the company’s board of directors. He will…
Read MoreHow McDonald’s won back low-income diners
Over a year after it began rolling out various value options, the chain is seeing improved scores on affordability and notched 6.8% comparable sales growth in the fourth quarter. Dive Brief: McDonald’s U.S. increased comparable sales by 6.8% during the fourth quarter and 2% for the year, according to an earnings release. McDonald’s has now…
Read MoreFAT Brands calls investor group’s request to suspend CEO Andy Wiederhorn a ‘personal attack’
The bankruptcy court denied the ad hoc group’s emergency motion, with the objection citing ‘no actual emergency’ Shortly after an ad hoc group of FAT Brands investors filed a lawsuit demanding the immediate suspension of Andy Wiederhorn as CEO alleging bankruptcy rules violations, FAT Brands submitted an objection to the court, calling the emergency request…
Read MoreGlobal Foodservice News — February 1, 2026
Industry Spotlight Key tailwinds for the restaurant industry in 2026 While the expectation is modest growth, some factors such as lower gas prices, tax cuts, and the FIFA World Cup could provide a much-needed boost During a recent interview at the annual ICR Conference in Orlando, William Blair analyst Sharon Zackfia said that although…
Read MoreKimberly-Clark reports operating growth in 2025 and expects higher earnings in 2026
The company delivered gains in volume, productivity and profitability, supported by its transformation strategy, portfolio innovation and cost discipline Kimberly-Clark Corporation (Nasdaq: KMB) reported its financial results for the fourth quarter and full year 2025, posting improvements in volume, operational efficiency and profitability in line with its innovation-driven growth model. During the fourth quarter, the…
Read MoreWEKO highlights the role of controlled fluid application in tissue paper quality
The company’s solutions act on stages such as ply bonding, embossing and print preparation, influencing performance and sensory perception of the final product In the tissue paper industry, small adjustments in the production process can generate significant impacts on the final product quality. Characteristics such as softness, bulk, strength, embossing definition and print quality are…
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