Krispy Kreme Advances Turnaround Plan With $90M Refranchising Transaction

Krispy Kreme, Inc. announced continued progress on its turnaround plan to deleverage the balance sheet and drive sustainable, profitable growth through refranchising, a key component of the plan. WKS Restaurant Group Increases Stake in Western U.S. Joint Venture and Expands Footprint On March 23, 2026, Krispy Kreme completed a transaction with its joint venture partner,…

Read More

These 40 independent restaurants are industry innovators

The Independent Restaurant Coalition and Chase bank have teamed together to honor independent operators that model sustainability and workforce well-being. The Innovator Award includes a $25,000 grant. Forty independent restaurants across the country have won $1 million as the first class to be honored with Innovator Awards by the Independent Restaurant Coalition (IRC) and Chase.…

Read More

Popeyes Names Burger King Vet Chris Padoan Chief Operating Officer

Restaurant Brands International announced that Chris Padoan has been appointed Chief Operating Officer of Popeyes U.S. & Canada, effective March 23. In this role, Padoan will lead operations across the Popeyes system, focusing on strengthening restaurant execution, enhancing the guest experience, and supporting franchisees across the U.S. and Canada. Padoan brings nearly 15 years of…

Read More

A large Applebee’s franchisee files for bankruptcy

Atlanta-based Neighborhood Restaurant Partners took the step after it was unable to find a buyer for its 53 locations. Applebee’s is now in line to acquire them. A large Applebee’s franchisee has filed for bankruptcy, and the franchisor is in line to acquire the business. Atlanta-based Neighborhood Restaurant Partners (NRP) filed for Chapter 11 bankruptcy…

Read More

Fast-growing Nothing Bundt Cakes is sold to KKR

The bundt cake chain, which is approaching $1 billion in system sales, is being sold at a reported value of $2 billion. It’s a rare exit for the private-equity firm Roark Capital. Nothing Bundt Cakes, the fast-growing, Dallas-based chain that turned a niche treat in a billion-dollar business, is being sold to the private-equity firm…

Read More

Global Foodservice News — March 15, 2026

Industry Spotlight   Burger King appears to come out on top of the burger wars The fast-food chain received a spike in visits last week after the brand’s president went viral for taking a bite of the Whopper, according to data from the food traffic tracking firm Placer.ai. Tom Curtis apparently should go viral more…

Read More

Kimberly-Clark appoints Francesco Tinto as Chief Information and Global Business Services Officer

Kimberly-Clark Corporation announced the appointment of Francesco Tinto as Chief Information and Global Business Services (GBS) Officer, effective March 9, 2026. Tinto will report to Russ Torres, president and chief operating officer of the company, and will join Kimberly-Clark’s executive leadership team. In his new role, Tinto will oversee the company’s information technology and Global…

Read More

CASE STUDY: Tork Upgrades Hygiene in Canadian Stadium

Tork, an Essity brand, and BC Place, Vancouver, Canada, announced a strategic partnership to elevate hygiene standards, sustainability, and the overall fan experience at one of Canada’s premier venues. Home of the BC Lions of the Canadian Football League and the Vancouver Whitecaps FC of Major League Soccer, BC Place is preparing to welcome millions…

Read More

Sofidel to invest US$775 million to expand tissue production capacity in the United States

The project includes a new 75,000-ton-per-year TAD tissue machine at the company’s integrated facility in Inola, Oklahoma, along with converting lines and an automated warehouse Sofidel, one of the world’s leading manufacturers of tissue paper for hygienic and household use, has finalized details of an expansion plan aimed at strengthening its production capacity in the…

Read More