Global Foodservice News
Applebee’s, IHOP CFO Thomas Song Resigns
Applebee’s and IHOP parent Dine Brands announced Tuesday that Thomas Song resigned as CFO. The move is effective January 22. The move marks another leadership shakeup for the company, which announced in May that CEO Stephen Joyce’s contract wouldn’t be renewed on February 1. In November, the brand hired John Peyton, CEO, and president of…
Read MoreInspire Brands Chief Information Officer Raghu Sagi on New Technology Innovations at Buffalo Wild Wings, Arby’s
Throughout the pandemic, Inspire Brands began rolling out new technologies to help ease digital customer convenience, from contactless payment which began testing at Buffalo Wild Wings in September, to an order-ahead platform with mobile app capabilities, which will roll out to all Arby’s restaurants in the first quarter of 2021 after a pilot test, which…
Read MoreMiddleby Acquires Wild Goose Filling
Middleby Acquires Wild Goose Filling. The company brands are Wild Goose, Inline Filling Systems, and Meheen which together generate $35 million in annual revenues. “Wild Goose Filling is the domestic market leader in craft beverage filling and canning. The company has industry-leading technology serving the fast-growing craft beverage market which includes beer, seltzer, cold brew,…
Read MoreMiddleby Acquires United Foodservice
Zhuhai Guangdong China-based United Foodservice is a leader in the design, manufacture, and supply of countertop commercial foodservice equipment with recent annual revenues of approximately $10 million. “This strategic acquisition expands our capabilities in a key global location and high-demand market. We expect continued growth in Asia and this acquisition strengthens our capabilities to best…
Read MoreInspire Brands Completes its $11.3B Acquisition of Dunkin
Inspire Brands completed its $11.3 billion acquisition of Dunkin’ Brands on Tuesday, creating one of the largest restaurant operating companies in the country while giving the Roark Capital-owned company a larger, global reach. Dave Hoffmann, who had been Dunkin’ Brands CEO, was named a special advisor to Inspire CEO Paul Brown and will help guide…
Read MoreRestaurant group SBE’s C3 Acquires 22 Locations of Specialty’s Café and Bakery in Bankruptcy Sale to Convert into new Concept EllaMia
SBE Entertainment Group’s C3 (Creating Culinary Communities) on Tuesday announced plans to convert 22 locations of Specialty’s Café and Bakery acquired in an asset sale into a new brick-and-mortar concept called EllaMia. Specialty’s Café and Bakery Inc., based in Pleasanton, Calif., filed for Chapter 7 bankruptcy on May 27. At the time of closing, the…
Read MoreCracker Barrel ads new Programs for the Sake of Flexibility
With the marketplace in flux because of the worsening pandemic, Cracker Barrel Old Country Stores is embracing several new initiatives that promise greater flexibility in responding to the shifting realities, including a tweak of its holiday meals program. Executives noted that the managers of its restaurants face a fluid situation that can change drastically, often…
Read MoreJohnny Rockets Owner Fat Brands Merges with Its CEO’s Investment Fund
Fat Brands, the owner of Fatburger and Johnny Rockets, announced it has completed its long-awaited merger with its controlling shareholder, Fog Cutter Capital, the investment firm founded by Fat’s CEO, Andy Wiederhorn. Terms of the deal were not disclosed, but the merger has been in the works for several months and is viewed as a…
Read More20 Restaurant Brands that Unveiled new Store Prototypes this Year, from KFC to Burger King to Chipotle
Quick-service, fast-casual and casual-dining restaurants were all impacted by the COVID pandemic, forcing a change in future store designs to accommodate more technology and less dine-in. Fast-casual and fine-dining brands alike dove into drive-thru experiences, while quick-service brands revamped menus for ease of operation and lower operational cost. Others leaned into technology with the use…
Read MoreGet Ready for 2021 with Leadership Principles
Get Ready for 2021 with Leadership Principles Leadership will be critical in the year to come, as you navigate uncertainty, fierce competition, and resource constraints. One way to get your organization ready for these challenges is to establish leadership principles for your organization. Transcript With 2021 just around the corner, now is the time to…
Read More
