Global Foodservice News
Krispy Kreme is Preparing to go Public
The doughnut company said on Tuesday that it has confidentially filed paperwork related to a public offering of its stock with the Securities and Exchange Commission. The number of shares that will be offered and their price range has not been determined, the company said, adding that the IPO is expected to happen after the…
Read MoreJose Andres Wants You to Get Vaccinated
Jose Andres—the noted chef, restaurateur, and humanitarian—wants you to get your COVID shot. Andres, whose current Twitter name is “Please wear a mask! Do it for the World please …” announced on the social media platform Friday that his restaurant group would give a $50 gift certificate for any of his Washington, D.C. ThinkFoodGroup establishments,…
Read MoreHow the CEO of White Castle is Making the Work Environment Inclusive
White Castle celebrates 100 years in business this year, but its CEO Lisa Ingram is not looking back, only forward. After a year of closed dining rooms and social unrest, Ingram is making sure the quick-service burger chain is in line with the times. Part of that was ensuring that her employees felt represented during…
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 MoreEquipment Giant Middleby to Buy Welbilt for 2.9B
Foodservice equipment manufacturer Middleby Corp. is acquiring smaller competitor Welbilt for $2.9 billion, adding to its wide array of equipment and technology for commercial kitchens. The deal will combine the companies’ “distinct but complementary portfolios” and help expand Middleby’s global footprint, the companies said in a statement. It also advances Middleby’s investments in newer technologies…
Read MoreNominees Announced for the Restaurant Leader of the Year
Extraordinary leadership during a historic economic and social crisis has earned five restaurant CEOs a nomination for the industry’s top honor, Restaurant Business’ Restaurant Leader of the Year. The nominees for the 2021 award are Jose Cil, CEO of Burger King and Popeyes parent Restaurant Brands International; David Deno, CEO of Outback and Carrabba’s parent…
Read MoreMOD Pizza Introduces new Salad Menu Nationwide
MOD Pizza announced it would be launching a full line of customizable salads at all 490 units of the fast-casual pizza chain. A lineup of four pre-designed salads — Caesar, Garden, Greek, and Italian Chop — along with four newly-designed dressings — Caesar, Sherry Dijon, Greek Herb Tahini, and Zesty Roma — will be added…
Read MoreChipotle Mexican Grill is now 51% waste-free
Chipotle Mexican Grill has diverted 51% of its waste through recycling, composting and waste-to-energy programs, according to the fast-casual chain’s 2020 sustainability report released Thursday. This third annual report details Chipotle’s sustainability goals, impact, and progress made in its environmental initiatives. For example, diverting more than half of their waste meets a goal originally outlined…
Read MoreYum Brands announces plans to reduce greenhouse gas emissions by nearly half by 2030 .
The Louisville, Ky.-Based Restaurant Holdings Company also Plans to Achieve net Zero Emissions by 2050 Yum Brands announced Monday the company’s plans to reduce greenhouse gases by 46% by the year 2030, along with achieving net-zero greenhouse gas emissions by the year 2050. The Louisville, Ky.-based parent company of Pizza Hut, KFC, Taco Bell, and…
Read MoreSaladworks Parent Teams with another Ghost Kitchen Company
The parent of Saladworks is doubling down on its nontraditional growth strategy. After unveiling a plan to add 90 locations with Ghost Kitchen Brands in late March, Woworks announced this week an agreement with ghost kitchen franchise Combo Kitchen to bring its Saladworks and Frutta Bowls concepts into the kitchens of existing restaurants. The partnership…
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