Global Foodservice News
Red Lobster Names Kelli Valade as CEO
Kim Lopdrup’s successor joins a casual-dining seafood brand from Black Box Intelligence Red Lobster has named Kelli Valade as CEO to succeed Kim Lopdrup, who plans to retire, the company said Thursday. The Orlando, Fla.-based casual-dining company said Valade, who had served as president and CEO of Dallas-based Black Box Intelligence since 2019, will assume…
Read MoreKrispy Kreme Shares Pop in its Second Public Debut
The doughnut chain began trading Thursday and opened at $16.30 per share, which is about 4% below its initial public offering at $17. Since then, shares rebounded and closed nearly 25% higher on its first day of trading. However, the company’s initial public offering was well below what the company was hoping for — $21…
Read MoreLogan’s Roadhouse Parent to Buy J. Alexander’s for $220 Million
SPB Hospitality, the parent of Logan’s Roadhouse and Old Chicago, announced Friday that it will spend $220 million to acquire J. Alexander’s Holdings. The company is buying the fine-dining brand at $14 per share, which is a 14 percent premium over its closing price on July 1. The transaction is expected to close early in…
Read More8 Ways To Be A Leader That Employees Want To Follow
Being a leader doesn’t mean bossing people around. As a leader, you’re responsible for motivating, educating, and making sure your employees add value to your organization. This requires you to connect with your team, to create an environment that encourages creativity, to understand your own strengths and weaknesses as well as your teams, and accept…
Read MoreJosé Andrés Reveals More About ThinkFoodGroup’s Plans for Chicago
José Andrés’ ThinkFoodGroup is scheduled to make its Chicago debut this summer in a big way with four new concepts, beginning with Jaleo in July. Originally announced in January as part of the “Spanish destination” Andrés is planning in the River North neighborhood, Jaleo will be the first to open, with its menu of tapas,…
Read MoreBuona to Open Dual Concept Store with Rainbow Cone
The Buona Companies, owner and operator of the famous Chicago-based restaurant chain, recently announced the grand re-opening of their restaurant in Darien, Illinois. This location has been undergoing renovations to modernize the space for several months and will be open to the public on July 7th. In addition, when the location reopens, not only will…
Read MoreFamous Dave’s Parent to Buy Village Inn and Bakers Square for $13.5 Million
Famous Dave’s parent BBQ Holdings announced Friday it will purchase Village Inn and Bakers Square for $13.5 million, two months after hinting another acquisition was imminent. The package includes 135 Village Inn restaurants—21 company-owned and 114 franchised—and 13 company-owned Bakers Square locations. The deal is expected to close by the end of July. “We believe…
Read MoreRuby Tuesday appoints 2 execs to the C-suite: George Evans as COO and Kathy Buckley as CFO
Maryville, Tenn.-based Ruby Tuesday has named two new execs to C-suite positions, the company announced Monday. George Evans was promoted from vice president of operations excellence to chief operating officer, and Kathy Buckley joined the company as chief financial officer. “We are pleased to announce the addition of George and Kathy to the Ruby Tuesday…
Read MoreP.F. Chang’s Opens Location in Texas, Plans 50 by End of 2022
P.F. Chang’s China Bistro Inc. is continuing to expand its smaller To Go Concept, which it introduced last year, with an opening today in Irving, Texas, and another planned next month for Orlando, Florida, the company said. The Scottsdale, Ariz.-based casual-dining company, which opened the first smaller To Go restaurant in Chicago in February 2020,…
Read MoreFAT Brands to Acquire Five Restaurant Chains for $442.5 Million
The purchase of Global Franchise Group will give FAT Brands more than 2,000 franchised and company-owned restaurants around the world. FAT Brands announced Monday that it will spend $442.5 million to acquire Hot Dog on a Stick parent Global Franchise Group. In addition to Hot Dog on a Stick, Global Franchise Group franchises quick-service concepts…
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