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June 20, 2011
Hungary Eyes Menu Regs At Fast-Food Chains
Hungary’s state-run news service, MTI, reported June 10 that the country plans to demand fast-food restaurants cut the calorie and salt content of their food and drink offerings and may make them pay for public-health programs. The government plans to target the world’s two largest hamburger chains, McDonald’s Corp. and Burger King Holdings, with regulations…
June 20, 2011
Wendy’s To Sell Arby’s To Roark
When it comes to high-profile, multi-chain ownership, there’s a new kid on the block. Atlanta-based Roark Group has signed a definitive agreement to purchase a majority stake in Arby’s from Wendy’s/Arby’s Group, the third largest fast-food company in the United States. Wendy’s will retain an 18.5% ownership of Arby’s. The majority sale to Roark gives…
June 20, 2011
Operators Score Victory With Swipe Reform
On June 8, small business, including members of the National Restaurant Association, declared victory when the U.S. Senate reaffirmed limits on the swipe fees that banks charge businesses for debit card transactions. The reforms kick in July 21. They ensure that the debit-card swipe fees merchants are charged when guests pay by debit cards are…
June 20, 2011
Singer Equipment Co. Acquires M. Tucker
Singer Equipment Co., one of the country’s largest E&S distributors, has acquired the assets of M. Tucker, the leading dealer in the greater New York City market. The Elverson, Pa., company’s acquisition, announced June 17, expands Singer’s full distribution and market coverage from Connecticut to Maryland. Paterson, N.J.-based M. Tucker offers foodservice equipment, tabletop, disposables…
June 20, 2011
Gasoline Prices Continue To Fall, But So Does Confidence
Fortunately, gasoline prices fell again last week for the fifth consecutive week, but the declines haven’t cheered up consumers very much. The U.S. Energy Information Administration reported the average price for a gallon of gasoline fell another 6.8 cents to $3.7113 for the week ended June 13. Other reports from AAA and Toby Lundberg also…
June 20, 2011
U.K. Foodservice Market Remains Quite Soft, Says Horizon
The foodservice market in the United Kingdom will show little if any real growth this year, according to Peter Backman, principal of Horizons, the London-based hospitality research firm. Current-dollar growth is forecast at a mere 0.8% while real growth is expected to be flat, Backman told FER Fortnightly during the NRA Show in May. The…
June 20, 2011
Wholesale Food Prices Fell in May; Menu-Price Rise Moderate
Wholesale food prices fell in May for only the second time in 11 months, according to data from the Bureau of Labor Statistics’ Producer Price Indexes. Overall prices at the wholesale level were down 1.3% from April, the National Restaurant Association reported in its Trendmapper analysis of the data. Meanwhile, on the consumer side, food-at-home…
June 20, 2011
U.S. Macro Forecasts Slide Again; What’s The Risk?
The recent spate of weaker than expected economic data on jobs, spending and housing helped push down most forecasts of economic growth in the U.S. this year, according to the latest consensus data from Blue Chip Economic Indicators. The forecast for real growth of gross domestic product for 2011 nosed down another 0.1 point to…
June 20, 2011
DMA Proposes Bylaws Changes, Perhaps A Name Change
A year after it marked its first 50 years, the Dietary Managers Association is looking ahead and proposing several bylaws changes that will help lead the organization into the future. Foremost is a proposed change of the association’s name. The DMA board says it is exploring ways and names that more accurately reflect its members’…
June 20, 2011
Sizzler USA Management Acquires U.S. Operations, New Units Planned
A management-led group has completed the acquisition of Sizzler USA’s U.S. interests from Australia’s Pacific Equity Partners, which had owned both Sizzler’s domestic and international operations since 2005. Sizzler USA currently owns or franchises 178 restaurants in the U.S. and Puerto Rico. Terms of the sale, which excludes the international operations, were not disclosed. The…
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