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October 19, 2015
Food, Metals And Other Commodities Prices Should Fall Or Stabilize In 2016, But Labor Costs Rising
Prices for most foods, industrial metals and energy products have fallen, often dramatically, during 2015. The outlook for 2016 is for stabilization or even more declines. Most foodservice operators around the globe should experience a stable or even declining cost input environment next year. The one exception is labor costs, which are rising in several…
October 19, 2015
Jollibee To Buy 40% Of U.S. Fast-Casual Chain Smashburger
Smashburger, the fast-growing fast-casual American chain, announced last week that it 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,…
October 19, 2015
Foodservice And E&S Markets Topping Out In U.S
The foodservice and foodservice equipment and supplies markets in the United States and Canada are most likely reaching the top of the current economic cycle this year and next, according to current forecasts, including Foodservice Equipment Reports’ 2015 and 2016 E&S market forecasts released in late July. “We expect 2015 to be the peak of…
October 19, 2015
Fondue Chain Opens Third Restaurant In Mexico City
The expansion pot bubbles over for a top fondue chain. The Melting Pot Restaurants, which just opened its third restaurant in Mexico City, is now looking to expand across Mexico with at least five additional locations there. The Tampa, Florida, chain is targeting cities such as Mexico City, Guadalajara, Puebla, Monterrey, Cancun and Los Cabos…
October 19, 2015
Intergastra 2016 Hopes For A Full House
Four months before the show opens, Intergastra looks like a “don’t miss” event. With most of the more than 100,000 square metres of available exhibition space already booked up, the show’s organizers have started waiting lists for hopeful exhibitors. More than 1,300 already are signed up to exhibit wares to an expected 90,000 visitors The February…
October 19, 2015
Jamie Oliver Takes Italian To India
British celebrity chef Jamie Oliver has extended his restaurant footprint to a dozen countries. After opening 63 restaurants in 11 countries, including England, Ireland, Hong Kong, Australia, Russia, Singapore, and Dubai, Oliver has taken his two Italian concepts to India. This fall, Delhi will see the debut of the high-end Jamie’s Italian, which has 30…
October 19, 2015
Mark Your Calendars For FER’s 2016 MUFES
Have you ever wondered how rearranging your kitchen layout can reduce labor and speed service? If your chain is growing, is your supply chain ready to grow with you? And what are the potential benefits and challenges of solar energy, heat recovery and super-efficient appliances in your operations? Once again, Foodservice Equipment Reports’ Multiunit Foodservice…
October 13, 2015
Freight Weight Changes Made On Ovens, Grease Traps, Ice Cream Freezers
As reported in our story in the September 16 Fortnightly, the Commodity Classification Standards Board approved the following commodity class modifications for ovens, grease traps and ice cream makers and freezers at its September 29 meeting. These changes go into effect December 19. The disposition on the changes can be found here.
October 13, 2015
Mark Your Calendars For FER’s 2016 MUFES
Have you ever wondered how rearranging your kitchen layout can reduce labor and speed service? If your chain is growing, is your supply chain ready to grow with you? And what are the potential benefits and challenges of solar energy, heat recovery and super-efficient appliances in your operations? Once again, FER’s Multiunit Foodservice Equipment Symposium…
October 13, 2015
Technomic Sticks With Optimistic 2015 and 2016 Forecasts
Technomic Inc., the Chicago-based foodservice research firm, sometimes revises its forecasts of operator sales trends in late summer or early fall. Given the slowing in jobs growth and the August turmoil in the equities markets, FER Fortnightly asked V.P. Joe Pawlak for an update. “We have not revised 2016 and have no plans to do…
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