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November 24, 2015
McDonald’s Won’t Spin Off Real-Estate Holdings
On the heels of its first strong quarter in two years, McDonald’s said at its Nov. 10 investor conference in New York that it will accelerate cost cuts and boost sales of restaurants to franchisees. But CEO Steve Easterbrook put to rest speculation that the Oak Brook, Ill., chain would spin off its real-estate holdings…
November 24, 2015
Tech-24 Acquires Service Solutions Group From Franke
Tech-24, the Greenville, S.C., commercial foodservice equipment repair firm, has acquired Service Solutions Group, the foodservice equipment repair company owned by Franke Foodservice Systems. With this acquisition, Tech-24—formerly known as Commercial Foodservice Repair—becomes the industry’s largest independent service and repair company. Its nearly 500 service technicians and longstanding network of 600-plus service partners provide coast-to-coast…
November 24, 2015
In-N-Out Sues To End Delivery Service, Tehran Gets A (Fake) KFC
Popularity has its complications, as In-N-Out Burger and KFC recently have discovered. The 300-unit In-N-Out has filed a lawsuit against delivery startup DoorDash for delivering its burgers. “We have asked DoorDash several times to stop using our trademarks and to stop selling our food,” the privately owned chain’s general counsel Arnie Wensinger told CNBC. He…
November 24, 2015
Dishwasher Info Due As Freight Classification Changes Keep Expanding
Holidays or not, freight expenses remain a concern, and transportation classifications are under review for a variety of foodservice equipment and supplies categories. In September, the Commodity Classification Standards Board (CCSB) approved commodity class modifications for ovens, ice-cream makers/freezers and metal grease traps; the changes go into effect Dec. 19. In January, dishwashers are on…
November 24, 2015
Gasoline Prices Continue to Fall, Consumer Sentiment Continues To Rise
Low global demand for oil and the strong U.S. dollar continue to depress oil prices, and refineries are coming off of their seasonal maintenance programs. The results are some of the lowest gasoline prices Americans have seen since the Great Recession. The average prices of a gallon of regular gasoline fell to $2.078 on Sunday,…
November 24, 2015
Happy Thanksgiving! Wholesale Food Prices Fall Again As Menu Prices Continue To Rise
Food prices at the wholesale level fell 1.4% in October, as beef and egg prices recorded decreases, and prices of most other food commodities were flat, according to Producer Price Index data from the U.S. Bureau of Labor Statistics. The decline follows a 1.6% drop in September and was the ninth month in the last…
November 24, 2015
Traffic Rose In Seven Major Global Markets Second Quarter
Seven of the 11 foodservice markets tracked by the NPD Group’s CREST consumer research experienced traffic gains in the second quarter 2015 vs. the same quarter year prior. “Optimism, though cautious, abounds throughout the global foodservice market,” said Bob O’Brien, Senior V.P.-Global Foodservice at NPD. Snacks and morning meals drove the gains in most markets,…
November 24, 2015
MAFSI Reps Report Another Strong Quarter
Sales of equipment and supplies rose 5% in the third quarter 2015 compared with the third quarter ’14, according to reps reporting for the Manufacturer’ Agents Association for the Foodservice Industry Business Barometer. The strong gain comes on the heels of a 5.1% increase in the second quarter and a 4.7% uptick in the first…
November 24, 2015
Marriott Int’l. Buys Starwood
Last week’s announcement that Marriott Int’l. has bought Starwood Hotels & Resorts Worldwide has created the world’s largest hotel company. The $12.2 billion merger will see Marriott operate more than 5,500 hotels across 30 hotel brands; Starwood’s 11 brands include Sheraton, Westin, St. Regis and W hotels. The deal was unanimously approved by the boards…
November 24, 2015
Quaker Steak Acquired By TravelCenters Of America
TravelCenters of America has purchased Quaker Steak & Lube’s restaurants and related assets for approximately $25 million. Founded in 1974 in Sharon, Pa., Quaker Steak & Lube has more than 50 locations across 16 states. TA operates 500 full- and quick-serve restaurants, principally located in 253 full-service travel centers and 184 c-stores in 43 states. In addition…
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