Global Foodservice News
Freddy’s Frozen Custard Sold to Thompson Street Capital Partners
Thompson Street Capital Partners has acquired Freddy’s Frozen Custard & Steakburgers, the 360-unit fast-casual concept, the St. Louis, Mo.-based private equity firm said. Terms of the deal with the Wichita, Kan.-based Freddy’s were not disclosed. Freddy’s was founded in 2002 in Wichita and features a menu of steakburgers, shoestring fries, and frozen custard. The company…
Read MoreStarbucks Promotes Regional vice President Dennis Brockman to Global Chief Inclusion and Diversity Officer
Starbucks CEO Kevin Johnson announced the promotion of Midwest regional vice president, Dennis Brockman to senior vice president and global chief inclusion and diversity officer. He replaces Nzinga Shaw, who left the company in December to work for Marsh & McLennan. Additionally, Michael Hines has been promoted from director of inclusion and diversity compliance and analytics…
Read MorePanera Area Operating Partner on Coaching Employees
Molly Cooper, an area operating partner for Panera, was chosen for the NRN Power List by CEO Niren Chaudhary for her resilience and tenacity as well as her ability to develop and promote people on her teams. Here’s what else Chaudhary had to say: When I reflect on the values that have carried Panera through…
Read MoreRuby Tuesday Hawking Nathan’s Famous Hot Dogs to Earn Extra Revenue as a Host, not Ghost, Kitchen
Ruby Tuesday, which has permanently closed several restaurants in recent months, has found a new way to generate revenue during the pandemic: sell hot dogs from Nathan’s Famous. Dozens of Ruby Tuesday restaurants are acting like host, not ghost, kitchens for the iconic hot dog chain, as well as other brands looking to expand their…
Read MoreHow to Use Performance Reviews to Motivate Employees
When was the last time you left a conversation feeling actually, completely motivated? Like your goals and priorities have been put into focus, your synapses are firing, and you’re excited to get to work? Got it? Okay. Now, when was the last time you felt that way after a performance review? It’s no secret that…
Read MoreCommunity Connections Help Independent Restaurants Stay Afloat Amid Pandemic
A massive surge in off-premises dining has allowed some restaurants to stay in business, but for many, the transition has been arduous and the future is uncertain. Rather than set unrealistic goals of returning to business as usual, restaurateurs would be wise to focus on making off-premises sales a sustainable part of their business for…
Read MoreDunkin’ Partners with Farmer’s Fridge to Bring New Grab-N-Go Option for Customers
In its first partnership with a restaurant brand, Farmer’s Fridge, the fresh vending company, is testing some of its salads, bowls, and breakfast items at select Dunkin’ locations. The pilot program is taking place at six Dunkin’ stores at which a limited selection of items is on offer behind the counter. Eventually, they will be…
Read MoreCarl’s Jr., Hardee’s Parent Hires two New Execs
Two foodservice veterans are joining CKE Restaurant Holdings, Inc., the parent company of Carl’s Jr. and Hardee’s. Lance Tucker has been named chief financial officer, and Phil Crawford has been appointed chief technology officer. “We are excited to build on the strength of our current management team with the addition of these two exceptional hires,”…
Read MoreTGI Fridays Taps Industry vet as New CFO
Aslam Khan has been named chief executive officer of TGI Fridays. He succeeds John Antioco, who has served as interim CEO since Robert Palleschi left the company late last year. Mr. Khan is the founder and chairman of the multi-brand franchise company Falcon Holdings L.L.C., which he founded in partnership with Sentinel Capital Partners, a…
Read MoreRed Robin Taps Restaurant Industry Vet as New CFO
Lynn Schweinfurth succeeds Guy Constant, who will move to the role of executive vice-president and chief operating officer. In her new role, Ms. Schweinfurth will be responsible for leading all financial disciplines at Red Robin, including accounting, operations analysis, strategic and financial planning, treasury, investor relations, and overseeing the company’s supply chain. Ms. Schweinfurth joins…
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