The Tech that Keeps World Central Kitchen Cooking in Times of Disaster

Whatever business-travel problems you’ve encountered in the past, World Central Kitchen’s have almost certainly been worse. This Washington, D.C., nonprofit founded by chef José Andrés in 2010 has spent the past decade cooking for disaster survivors in some of the least convenient places on Earth. And since last winter, it’s had to deal with a…

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Middleby 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…

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GLOBAL FOODSERVICE NEWS JANUARY 1, 2021

Things Will Get Worse for Dave & Buster’s Before They Get Better The purgatory state restaurants find themselves in – wedged between looming vaccine distribution and a COVID-19 case resurgence—continues to flare up a familiar cliché: It’s going to get worse before it gets better. But for Dave & Buster’s, it’s an irrefutable reality. The…

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Atlanta to Allow Restaurants to offer on-Street Dining

Atlanta to Allow Restaurants to offer on-Street Dining Restaurants must apply for a permit before operating on the city’s public right-of-way, according to regulations passed Monday by the Atlanta City Council. Atlanta already allows restaurants to serve food and drinks on sidewalks, with a permit. Since the coronavirus pandemic began, large cities around the country…

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DoorDash Sells Shares at $102 in IPO, Pricing above Range

DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 apiece, pricing above its range, according to people familiar with the matter. The offering on Tuesday values the company at $32.4 billion, based on common stock outstanding and $38.7 billion on a fully-diluted…

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Republican and Democratic Senators Propose Compromise Stimulus Package

A bipartisan group of senators has put forth a compromise economic stimulus proposal totaling $908 billion, including $288 billion for small businesses such as restaurants in the form of Paycheck Protection Program loans among other funding, but it doesn’t have support from Congressional leaders, the White House, the left-wing of the Democratic party or the…

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The Private-Equity Firm Rejoins the Company after Having Previously Invested from 2007 to 2013

Private-equity firm the Halifax Group announced that they will be investing once again in Papa John’s largest franchisee, PJU Holdings, Inc. (Papa John’s United), which has 194 locations across 10 states. Halifax Group had previously invested in the Birmingham, Ala.-based franchisee from 2007 to 2013 and is now reinvesting a majority stake in the company…

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