Global Foodservice News
Nathan’s Plans to Revive Fast-Food Icon Arthur Treacher’s
Having been around for more than a century, Nathan’s Famous is no stranger to operating a legacy brand through the ebbs and flows of fast-food trends. Of late, this has materialized across 168 operating ghost kitchens—a number growing each week, SVP of restaurants James Walker says. It includes Nathan’s as a bolt-on opportunity for independents…
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 MoreChick-fil-A is the Latest to Face Supply Chain Issues as it Limits its Famous Sauces
Chick-fil-A is the latest restaurant to face supply chain shortages over a product: its sauces. The quick-service chicken chain’s famous sauces are now being limited to one per order, the company said Wednesday. A “shortage of select items” at the Atlanta-based chain has led to this new development, according to the chain. “Due to industry-wide…
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 MoreChipotle Increases Average Wages to $15 an Hour; Announces Six-Figure General Manager Salaries
Chipotle Mexican Grill announced Monday that the company would be raising its hourly wages to an average of $15 an hour by the end of June, ranging from $11-$18 per hour for store-level employees. The Newport Beach, Calif.-based fast-casual chain is also adding a path to a restaurateur position (the highest level of general manager…
Read MoreKrispy 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…
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