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January 6, 2014

AutoQuotes Hires Whitlock As Sales V.P.

John Whitlock has joined AutoQuotes as v.p.-sales. A 39-year veteran of the foodservice industry, Dobbs got his start in the family business, Whitlock-Dobbs, as a deliveryman then moved to service and installation. Ultimately working in contract sales and becoming its president, he sold the company in 1990. Since then he has worked in contract sales…

January 6, 2014

Cold Stone Marks 25th Year By Opening In 25th Country

It’s a milestone year for Cold Stone Creamery. The chain is marking its 25th year in business by setting up shop in Turkey—its 25th country of operation. Parent company Kahala has inked a master franchise agreement with Ulker Golf, aiming to open 15 stores in the market over the next five years. Since debuting its…

January 6, 2014

Middleby Adds Liaison Between Its Brands And Consultant Community

The Middleby Corp. has hired Peter Cooper, formerly of Johnson & Wales University, as its new v.p.-business development, consultant and design services. Cooper is acting as a liaison between all of the Middleby brands and the design and consultant community. Prior to joining Middleby, Cooper spent six years as the executive director of culinary procurement…

January 6, 2014

Del Taco Strengthens Leadership Team

Del Taco has made four executive appointments. Two company veterans have been promoted: John Druse, named as v.p.-design and construction, and Mike Lucero, appointed v.p.-franchise development and real estate. Eric Grundmeier joins the Lake Forest, Calif., chain as v.p.-supply chain and quality assurance. He held a similar post at Qdoba Restaurant Corp. David Wetzel has…

January 6, 2014

Manitowoc Launches New Cuber Brand, Acquires Induction Component Maker

New brands and new acquisitions: It’s a busy month for Manitowoc Foodservice. The company announced Oct. 1 that it would launch a new line of cube-ice machines marketed and sold under the Koolaire brand name. The New Port Richey, Fla., manufacturer says Koolaire was designed and developed for price-driven customers who want basic features, as…

January 6, 2014

McDonald’s Scales Back Openings, Cap-Ex For 2014

Every penny counts: While McDonald’s Corp. managed to beat third-quarter earnings estimates by a penny—profits were up despite weak sales—the company is re-thinking its 2014 plans. The chain will be pushing back on opening new restaurants, particularly in China and other emerging markets. The company now expects to spend a total of $3 billion this…

January 6, 2014

Bloomin’ Brands Int’l. Appoints President

Bloomin’ Brands EVP Pat Murtha has been named president of Bloomin’ Brands International. Murtha will be responsible for helping define, develop and implement the international growth strategy for Bloomin’ Brands, and will be a member of the executive leadership team. Prior to joining Bloomin’ Brands, Murtha held leadership roles at Yum! Brands, where he spent…

January 6, 2014

Potbelly Revs Up For 2014

After a successful IPO in October, the Chicago-based Potbelly Sandwich Shop chain continued humming along in its fiscal third quarter when nine new shops opened, including eight company-operated units and one franchised store. Overall, 29 new Potbelly’s—all but four company-operated—opened during the first three fiscal quarters of 2013. The Chicago chain anticipates revving up its…

January 6, 2014

Growth In State And Local Tax Receipts Remains Very Moderate

Overall state tax revenues grew 2.7% in third quarter 2012 vs. the third quarter the year before, the 11th consecutive quarter of increases since the depths of the Great Recession, according to data from the Rockefeller Institute of Government, Albany, N.Y. Still, the rate of increase has declined for five consecutive quarters since peaking in…

January 6, 2014

Disposable Income Growth Forecast To Improve

Behind the latest round of forecasts from the 50 economic groups surveyed each month by Blue Chip Economic Indicators is a bit of good news for foodservice operators: Disposable personal income growth should begin to improve, beginning in the second quarter of this year and on an annual basis, growing 2.5% in 2014, the best…

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