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January 6, 2014
Equity Firms Buy Coffee Bean & Tea Leaf
A group of private-equity investors, including firms from Taiwan and South Korea, has acquired Los Angeles-based The Coffee Bean & Tea Leaf. Terms were not disclosed for the transaction, which was completed Sept. 12. The capital investment comes from global buyout firm Advent International, represented by Will Kussell, previously president of Dunkin’ Donuts Worldwide. He’ll…
January 6, 2014
GE Capital Expanding Inventory Financing in E&S Industry
GE Capital’s Commercial Distribution Finance business has expanded its inventory financing capabilities and coverage of the commercial foodservice and refrigeration industries across the U.S. and Canada. CDF, which has been providing inventory financing to the foodservice industry since 1995, is focused on developing programs with manufacturers of specialized equipment for the bakery, dairy, meat, snack…
January 6, 2014
Pizza Hut UK Revamps Its Look
Pizza Hut UK is spending £60 million on refurbishing its restaurants in a bid to return to profitability. More than 80 outlets will undergo refurbishment in 2014. Private equity group Rutland Partners acquired the restaurant business of Pizza Hut UK in November 2012 from U.S.-based Yum! Brands and is looking to return the 330-strong chain…
January 6, 2014
Register Now For MUFES 2014 And Get A Peek At The Future Of E&S
Today is the day. Register now for the Early Bird Discount for cpalmer@fermag.com.
January 6, 2014
U.K. Market Should Begin to Grow In 2013, Says Horizons
It’s been a very tough slog for foodservice operators the past two years in Britain. The austerity regime of tax increases and benefit cuts put in place by the current Conservative/Liberal Democrat government has cut consumers’ disposable income and confidence, led to higher unemployment and kept interest rates at rock bottom. But Peter Backman, managing…
January 6, 2014
What? Us Worry? Consumer Confidence Gained In February
Just like stock market investors, who have driven most equities indices to near record levels, consumers seem to be shrugging off the federal government dysfunction. Both major indexes of consumer confidence rose in February, as consumers focused on the improving jobs market. The final February reading on consumer sentiment from Thomson Reuters/University of Michigan Surveys…
January 6, 2014
Menu Price Increases Continue To Outpace Grocery Prices
The disparity between price gains at grocery stores and restaurants continued to increase in March, according to data from the Bureau of Labor Statistics’ Consumer Price Index, released April 16. Prices for food-at-home fell 0.1 point in March, while those for food-away-from-home rose 0.2% in the month. For the past 12 months, grocery store prices…
January 6, 2014
First Quarter Traffic Was Weak In Most Of The World, Reports NPD
Only three of the 10 major foodservice markets tracked by The NPD Group’s CREST studies managed traffic growth in the first quarter of 2013 compared with the first quarter last year, the research firm reports, as recessionary conditions in Europe continued to impact foodservice there. Canada, Australia and China were the only countries to see…
January 6, 2014
NRA’s Performance Dips Slightly But Remains Positive
The National Restaurant Association’s Restaurant Performance Index remained quite positive in the June survey, details of which were released July 31. The overall index fell half a point to 101.3, mostly on declines in current same-store sales and customer traffic. But the index remains well above the 100 level that signals the difference between industry…
January 6, 2014
State Income Tax And Overall Revenues Up Again 2Q
The analysts at the Rockefeller Institute of Government, the Albany, N.Y.-based research group, actually call the third consecutive quarter of strong growth in state revenues a “temporary bubble.” Preliminary data from 46 states has overall state revenues up 11% in the second quarter 2013 vs. the same quarter last year. A big factor in the…
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