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January 6, 2014
Noodles & Co. Eyes a Big Future, Files For IPO
Noodles & Co. has become the first fast-casual concept to file for an initial public offering this year. The Broomfield, Colo.-based chain’s long-anticipated IPO, filed May 23, seeks to raise up to $75 million with the goal of repaying debt and growing nationally. There were eight foodservice industry IPOs in 2012, but none were fast-casual…
January 6, 2014
Meiko Names New Chief For Export Sales and Marketing
Meiko, the Offenburg, Germany, maker of dishwashers and cleaning and disinfection appliances, has strengthened its international business by appointing Klaus Engesser as its new head of export sales and marketing for dishwashing technology. The 86-year-old company exports more than half of its products to 60-plus countries. It has 10 affiliated companies in Germany, six in…
January 6, 2014
KFC Enters The Fast Casual Market With “Eleven” Store
KFC is putting its 11 herbs and spices in the forefront—and in its name—at a prototype fast-casual store opening August 5. The white-bearded, bespectacled image of chain founder Colonel Harland Sanders has no presence in the concept. The chain will open a “KFC eleven” store near its headquarters in Louisville, Ky., which will serve flatbread…
January 6, 2014
New York Hotel Show To Unveil Winning Foodservice Concept
When the International Hotel, Motel & Restaurant Show asked consultants to put pen to paper or fingers to keyboard to create “The Next Great Foodservice Concept,” the IHMRS staff set no limits. The competition for the design of a revenue-generating foodservice concept attracted 11 entrants. They provided a concept description, sample menu, renderings, equipment list…
January 6, 2014
Ukraine Welcomes World’s Largest KFC Drive-Through
It’s not only the chain’s flagship store, but KFC says its new outlet in Ukraine also is the world’s largest KFC drive-through restaurant. The 5,575-sq.-ft. store, at the National Railway Station in Kiev, features a double drive-through capable of serving 200 cars per hour, as well as dining-room seating for 280 customers and a 400-seat…
January 6, 2014
Awards And Honors:
Nor-Lake was honored recently with an award recognizing its 45 years of association with the Dairy Queen System. Nor-Lake has supplied walk-in and cabinet equipment to Dairy Queen since 1968. The Hudson, Wis., company received the award at the 2013 Dairy Queen Supply Chain Summit, Sept. 24-27, in St. Petersburg, Fla. Middleby Corp. has been…
January 6, 2014
Savings As Simple As 1-2-3 With 1814
Frymaster 1814 Fryers (gas and electric) offer a trio of savings: oil, energy, and space. The 1814 gas fryers have a Thermo-Tube heat transfer system which uses 6-in. vs. 4-in. tubes to provide superior heat-to-oil transfer and use more than 50% less energy than standard large-capacity fryers. The 1814 electric fryers have flat-bar, low-watt-density, ribbon-type,…
January 6, 2014
McD’s Plans 1,000 Revamps And A Third Drive-Through Window
McDonald’s Corp. has told investors that it plans to spend $3 billion opening as many as 1,600 new restaurants in the next year while revamping 1,000 locations. Also on deck for new and rebuilt restaurants, the world’s biggest restaurant chain will implement what it calls a Fast Forward Drive-Thru, which will allow customers whose orders…
January 6, 2014
Moderate Jobs Growth Continues, Consumer Confidence Stabilizes
Employment grew by 157,000 jobs in January, pretty much in line with economists’ expectations, the Bureau of Labor Statistics reported Friday, Feb. 1. Also on Friday, the Thomson Reuters/University of Michigan Surveys of Consumers final reading on Consumer Sentiment came in a bit ahead of expectations, rising to 73.8, as consumers absorbed the impact of…
January 6, 2014
Public E&S Companies Grow 3% In Fourth Quarter But Manage Only 2.2% Gain For Year
Combined revenues for seven publicly reporting foodservice equipment and supplies companies grew 3% in the fourth quarter of 2012. But the overall gain for the calendar year was only 2.2%, as flat sales in the second and third quarters, especially among the equipment-oriented companies, depressed growth. Sales declines in Europe, and to a lesser extent…
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