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October 30, 2012
Candle Lamp Acquires Sterno
Candle Lamp has successfully completed its previously announced acquisition of The Sterno Group. The combined companies, led by Candle Lamp’s current executive team, will be known as SternoCandleLamp. Sterno, founded in 1893 as S. Sternau & Co., is synonymous with gelled portable heat used in food warmers. Riverside, Calif.-based Candle Lamp makes liquid-wax table lighting…
October 30, 2012
Chipotle Slates L.A. For Next ShopHouse
ShopHouse Southeast Asian Kitchen is going bicoastal. The concept, which parent Chipotle Mexican Grill debuted in Washington, D.C., in 2011, will open its first unit in Los Angeles early next year. The West Coast store will be the chain’s third ShopHouse location; Chipotle is currently building a second store in the nation’s capital. “While building…
October 30, 2012
Starbucks Opens First Store In India
India is no longer an untapped market for Starbucks. Earlier this month, the coffee chain debuted in Mumbai, its first outlet in the world’s second most populous country. The flagship Mumbai store was the first of three grand openings in October under a joint-venture agreement Starbucks signed with Tata Global Beverages Ltd. last January. Tata…
October 30, 2012
Baltimore Weighs Letter Grade System
A letter-grade system, like those used for health inspections in New York and North Carolina, is under debate for restaurant and bar owners in Baltimore. Legislation mandating that the city health department implement a grading system and create an online database of grades is being reviewed by the City Council’s health committee. Every member of…
October 30, 2012
Maryland County Looks At Stronger Food Truck Rules
We usually define restaurant locations as strip sites or stand-alone or mall placements. Now a county in Maryland is looking at putting parked food trucks in their own business category as semi-permanent foodservice facilities. The Anne Arundel County Council is mulling a bill creating that definition and enforcing a five-year-old state law that says such…
October 30, 2012
NRA Promotes Flanagan To Oversee State And Local Affairs
The political and legislative advocacy team at the National Restaurant Association has gotten stronger. The association has promoted Brendan Flanagan to v.p.-state and local affairs, a new position in the association’s expanded political and state affairs department. Flanagan will lead the NRA’s engagement in public policy matters at the state and local level, working directly…
October 30, 2012
Gas Prices Plummet, Consumer Food and Menu Price Increases Are Restrained
The expected seasonal decline in gasoline prices has finally kicked in, following the unexpected run-up of prices this late summer. The average national price for a gallon of regular gas has plummeted nearly 13 cents in the last week alone, and at $3.548 a gallon, is nearly 24 cents lower than a month ago. Declines…
October 30, 2012
Consumer Sentiment Held At Five-Year High In October
It doesn’t make much sense to most informed observers, but consumer sentiment held at a five-year high in the final October reading of the Thomson/Reuters University of Michigan’s Consumer Sentiment Index. The final reading was 82.6, down only slightly from the preliminary mid-month reading of 83.1. Both were the highest readings for the index since…
October 30, 2012
U.S. GDP Grows 2% In Third Quarter, Ahead Of Estimates
It can hardly be termed robust, but real growth of gross domestic product in the U.S. came in at 2% in the third quarter on an annualized basis, according to the advanced estimate released Oct. 26 by the Department of Commerce’s Bureau of Economic Analysis. The gain, stronger than many economists had expected, was driven…
October 30, 2012
Reconsidering Our E&S Forecast, Again
In case you didn’t see it, we wrote the following analysis of the foodservice equipment and supplies market, and how it is developing compared with our July forecasts, for last week’s FER Dealer Report. Since then, our forecasting partner John Muldowney and I have had another conversation, based in part on third-quarter releases from ITW’s…
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