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January 27, 2015
Fuel Price Plunge; What Does It Mean For Foodservice Worldwide?
With futures prices for Brent and West Texas Intermediate crude oil well below $50 a barrel on Jan. 27, and U.S. prices for regular gasoline/petrol approaching $2.00 a gallon, the plunge in petroleum prices has become a major factor in the outlook for foodservice growth in most of the world. The impact has already been…
January 27, 2015
Standex Food Service Gets New President
Standex International Corp. announced on Jan. 26 that it had appointed Anne De Greef-Safft as group president-
January 27, 2015
Jobs Growth, Falling Fuel Prices Push U.S. Operator Market, 2015 Forecasts Higher
Strong jobs growth and falling gasoline prices are among the factors driving sales and customer traffic growth in the U.S. restaurant market during the last four months of 2014. And the improved consumer environment also underlies an upward revision of Technomic Inc.’s 2015 forecast of foodservice operator sales, released to the firm’s customers in mid-January….
January 27, 2015
FEDA Creates Rising Star Program For New Convention Attendees
Two months from now, the Foodservice Equipment Distributors Association will be hosting its 2015 Convention in Phoenix, and the association is making a concerted effort to bring in some newer, younger voices to the meeting. FEDA is offering a new registration category aimed at encouraging its member firms to bring a “Rising Star Decision Maker”…
January 27, 2015
Join FER Feb. 20 For The 2015 Industry Excellence Awards
Chains Chick-fil-A and Smashburger, dealers Hockenbergs and Rapids Wholesale Equipment, and 13 other organizations and individuals will be honored Friday, Feb. 20 during Foodservice Equipment Reports biennial Industry Excellence Awards Gala. The event will take place Friday night during The NAFEM Show at the Anaheim Marriott Hotel. Everyone in the foodservice equipment and supplies industry…
January 27, 2015
TGI Fridays Sells U.K. Franchise To Equity Group
In the latest private equity buyout in Britain’s restaurant sector, the casual-dining chain TGI Fridays has sold its U.K. franchise business to Electra Partners. Texas-based TGI Fridays, itself sold last year to investment firms Sentinel Capital Partners and TriArtisan Capital Partners, operates 66 venues in Britain; it has more than 900 restaurants in 60 countries….
January 27, 2015
A Traffic Gain That Bodes Well For Dealers
As most of you know, I get excited by “fun with numbers.” I’ve been reporting and analyzing economic and foodservice trend data for so long (since 1978!), that I am seldom surprised by anything. Last week, I saw some really surprising and fun numbers, so fun I want to share them with you. You’ll like…
January 27, 2015
Just Falafel Rebrands As JF Street Food
Just Falafel is going for a new look and back-to-basics menu to match its new identity as JF Street Food. The UAE-based quick-serve chain announced at the end of 2014 that it would rebrand itself in an effort to boost its sales and operations. The company also has launched a global design competition to redo…
January 27, 2015
Ali Group Taps New EVP
Kevin Fink has been named executive v.p. of the Ali Group. He will relocate from Denver, where he has been president of Ice-O-Matic, to join Ali’s corporate team in Milan. Beginning March 2, Fink will report to Massimo Giussani, COO, Ali Group, and assist in the group’s overall support, control and development initiatives of its 76 brands;…
January 27, 2015
Don Promotes Claude To Category Manager
Edward Don & Co. has tapped Matt Claude as category manager for equipment, furniture and bar products. He will be responsible for supplier relations, product selection, pricing, compliance standards, rebate programs, and other functions within those product categories. Since joining Woodridge, Ill.-based Don in 2005, Claude has served in a variety of posts; he was…
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