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September 1, 2015
Frisch’s Finalizes Going Private
Private-equity firm NRD Partners has finalized its acquisition of Frisch’s Restaurants in a $174.5 million merger deal. The Cincinnati-based restaurant company, which operates Frisch’s Big Boy units in the Midwest, agreed in May to the sale. Craig Maier, whose family has been at the helm of the company since its founding in 1939, will step…
September 1, 2015
Wasserstrom Enters Mobile Technology Market
The nearly server-free restaurant of the future just got a little more real with some news from The Wasserstrom Co., the country’s third-largest foodservice E&S dealer. The century-old dealer, which reported 2014 sales of $610 million, has partnered with Creating Revolutions, a maker of mobile technology for restaurants and retailers, to distribute its service pager…
September 1, 2015
Ovation Brands Under New Ownership
Food Management Partners has acquired Ovation Brands, owner of five buffet brands and casual-dining Tahoe Joe’s Famous Steakhouse. Greer, S.C.-based Ovation Brands has 328 restaurants in 35 states; its concepts include Ryan’s, Fire Mountain, Country Buffet, Old Country Buffet and Hometown Buffet. With the acquisition, San Antonio-based FMP’s portfolio has expanded to 500 restaurants. Terms…
September 1, 2015
Sticking To Basics Pays Off For Popeyes
Popeyes Louisiana Kitchen Co. is having a good year. In its just-released second-quarter results, the Atlanta company reported 2,443 restaurants, a jump of 8% from its 2,262 store count for the comparable period in 2014. In the most recent quarter, the Popeyes system opened 37 restaurants, including 18 domestic and 19 international restaurants. The chain…
September 1, 2015
FER Is Best In Class, Wins Top National Editorial Award
FER once again was a winner at the Azbee Awards, the journalism honors presented annually by the American Society of Business Publications Editors. Not only did the magazine win four regional awards, Publisher/Research Editor Robin Ashton and Senior Contributing Editor Mike Sherer took home the national Gold award in the Special Section editorial category for…
August 31, 2015
Menu Prices Flat, Gas Prices Drop—But Grocery Bills Rise In July
After 17 consecutive months of rising menu prices, consumers’ dining-out tab was unchanged in July. That stability is notable because since early 2014, menu prices had grown at least 0.2% every month, according to figures from the Bureau of Labor Statistics. Despite the July slowdown, menu prices were up 2.7% in the 12 months ended…
August 31, 2015
Flux In Markets Hits Consumer Confidence
The dog days of summer? Not this year. Despite the volatility on the world’s stock exchanges, consumers are in holding pattern of feeling confident, if wary. What does that mean? You can look at the new numbers this way: Despite a dip in late August due mostly to the recent volatility in stock prices, any…
August 31, 2015
Despite Mixed Results, Public E&S Companies Grew 3.6% In 2Q
The nine publicly reporting foodservice equipment and supplies companies posted combined revenue growth of 3.6% in the second quarter 2015 versus the same quarter last year. While overall growth was moderate, it was the best quarter since Q3/2014, when sales rose 6.7% and more than a full point ahead of first quarter combined growth of…
August 31, 2015
July RPI Boosted By Stronger Sales, Heavier Traffic
Driven by stronger same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index posted solid improvement in July. Showing its first gain in three months, the RPI stood at 102.7 in July, up 0.7 point from June. In further good news, July represented the 29th consecutive month in which the RPI stood above 100,…
August 31, 2015
NLRB Ruling Redefines Who’s The Boss
In a long-awaited ruling reverberating throughout the franchising world, the National Labor Relations Board last week upheld the idea of joint employer status, marking a controversial shift in the standard for determining who is liable for hiring practices and employment policies. The ruling came in a case before the board about the former Browning-Ferris Industries…
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