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October 27, 2015
Jollibee To Buy 40% Of Smashburger
Smashburger, the fast-growing fast-casual chain, has entered into a definitive agreement to sell 40% of the company to Jollibee Foods, Asia’s largest restaurant company. The purchase price values the “better burger” chain at a US$335 million enterprise value. Launched in 2007, Smashburger has more than 335 units in 35 states, and in Bahrain, Canada, Costa Rica,…
October 27, 2015
Yum! Spins Off China Business
Yum! Brands has decided its future in China should be a stand-alone business. Although the China division expects 700 new restaurant openings this year, sales there are slowing, and the Louisville, Ky., company made the strategic decision to spin off its China business into a separate, publicly traded company. The new company, to be known…
October 27, 2015
ServSafe Launches Arabic Language Food Safety Course
Foodservice chains are rapidly expanding in the Middle East, and now the National Restaurant Association has expanded the reach of its food-safety training programs into Arabic-speaking countries with the release of ServSafe Food Safety Online Course-Arabic. ServSafe Int’l. products are now available in 25 languages and used in over 80 countries. “ServSafe is the gold…
October 27, 2015
Comments Needed On Climate Pollutant Reduction Strategy Paper
There are only a few days left to submit comments to the California Air Resources Board (CARB) about climate issues affected by foodservice equipment, including charbroilers and refrigeration. The board’s strategy paper explores deep reductions in short-lived climate pollutant (SLCP) emissions by 2030. The paper outlines plans to meet future greenhouse-gas emission targets, achieve air-quality…
October 27, 2015
NAFEM Requests DOE’s Commercial Refrigeration Equipment Rule Be Vacated
NAFEM is continuing to lead the industry fight against pending changes to the U.S. Department of Energy’s final energy standards for foodservice refrigeration. On Sept. 30, NAFEM legal counsel appeared in the 7th Circuit U.S. Court of Appeals to request the Court vacate the DOE’s final energy-conservation standards for commercial refrigeration equipment. During a 15-minute…
October 27, 2015
Menu Prices Surge In September, On Pace For Largest Annual Gain Since 2009
Restaurant operators are taking advantage of the stronger sales and traffic environment to raise prices in spite of falling wholesale food prices. The index for food-away-from-home prices rose 0.5% month-over-month in September, according to the U.S. Bureau of Labor Statistics, which tracks such prices as part of its Consumer Price Index. Over the past 12…
October 27, 2015
Restaurant Sales Continue To Show Above Trend Gains, McDonald’s Posts A Positive Quarter
Restaurant and bar sales rose another 0.7% month-on-month in September, according to the U.S. Census Bureau’s monthly retail sales report for September. And McDonald’s reported the first quarterly gain, 0.9%, in same-store sales in the U.S. market in two years. These reports are among the signs that the restaurant market in the U.S. continues to…
October 27, 2015
Mood Upbeat At Milan’s Record-Setting HOST Show
In spite of concerns about a slowdown in the global economy, the mood of exhibitors and attendees at Milan, Italy’s HOST was positive. The biennial event, which ran from Oct. 23-27, featured 2,004 exhibitors from 47 countries, primarily manufacturers and other suppliers of foodservice and coffee equipment, tableware and smallwares. A record number of visitors,…
October 27, 2015
Eckelberg To Head Nor-Lake Sales
Mike Eckelberg has been promoted to Director of Nor-Lake Inc.’s Foodservice Sales. A 19-year veteran of the Hudson, Wis., company, he most recently served there as eastern region field sales manager. Eckelberg will lead internal foodservice sales efforts and guide manufacturers’ reps to identify and develop sales opportunities, support accurate and efficient order fulfillment and…
October 27, 2015
TrustHouse Services Parent Acquires Mid-Atlantic Dining Services Firm
TrustHouse Services Group, one of the largest contract foodservice companies in North America, has acquired Cura Hospitality, a Pennsylvania?based provider of dining services to the senior-living and healthcare markets. Cura serves more than 20,000 residents, patients and guests each day in the Mid-Atlantic region. TrustHouse, acquired in 2013 by French contract catering firm Elior, handles…
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