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July 10, 2012
New Ownership Official For P.F. Chang’s
Investment firm Centerbridge Partners and its Wok Parent acquisition arm has successfully completed its tender offer for the outstanding shares of P.F. Chang’s. The company now owns more than 83% of the Scottsdale, Ariz., chain, which will become an indirect, wholly owned subsidiary of Wok Parent. P.F. Chang’s owns and operates more than 200 upscale…
July 10, 2012
Vicious Circles
Does your supplier know what you’re buying? Do you know what your supplier is selling? Are they the same things?
July 10, 2012
Wealthier Households Lead Decline In Consumer Confidence
Last issue, we wrote about concerns from Technomic Inc. Consulting Economist Arjun Chakravarti that declines in equities and other asset-based wealth could lead to cutbacks in spending by more well-off Americans and have a negative impact on foodservice spending. The top quartile of households by income typically generates close to half the spending at restaurants….
July 10, 2012
Restaurant Jobs Growth Double Overall Growth
Restaurant industry jobs grew twice as fast as general employment in the 12 months ending June, according to an analysis by the National Restaurant Association released July 6. Eating and drinking place employment grew by 2.7% for the 12 months ending June 2012, nearly double the 1.3% increase in U.S. employment for the same period,…
July 10, 2012
Nudging Energy Star On Track
Find out more at The NAFEM Show, and then pitch in. It’s YOUR future.
July 10, 2012
Correction: Action Sales Is A 2012 FER Top Dealer
Sometimes we make a big goof. Somehow, with all the forms flying back and forth, we misplaced Action Sales and left them out of our FER Top Dealer Report article in the June 2012 issue. The oversight was particularly galling because Action Sales has been a Top Dealer, verifying its volume, since we initiated the…
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