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April 11, 2011
RPI Cap-Ex Spending Intentions Hit 40-Month High
For the first time in three years, a majority of operators reported they plan to make a capital purchase during the next six months, according to the National Restaurant Association’s Restaurant Performance Index data for February. The component for such intentions reached a 40-month high at 100.4, with 52% of those surveyed saying they plan…
April 11, 2011
Toy Ban Proposed In New York
Child-targeted marketing by foodservice operators, and the toys that go with it, continues to run into trouble. A bill based on toy bans on the West Coast has inspired a similar proposal in New York City. The city councilman who introduced the bill last week said it would create an incentive for restaurants to cook…
April 11, 2011
Congressional Bills Speed Up Depreciation Schedule For Restaurant Improvements, New Construction
The National Restaurant Association is applauding bipartisan bills introduced in Congress March 30 which would make permanent a 15-year tax depreciation schedule for restaurant improvements and new construction, leasehold improvements and retail improvements. Under S. 687 and H.R. 1265, restaurant operators, their landlords and other commercial-property owners could write off the cost of improvements to…
April 11, 2011
1099 Tax Reporting Provision Is Repealed
On April 5, the Senate voted to repeal the health care overhaul’s 1099 tax reporting requirements. The House of Representatives earlier repealed the 1099 provision. The Senate voted 87 to 12 to approve the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011. The legislation repeals the expanded 1099 reporting requirement…
April 11, 2011
FDA’s Menu Labeling Proposal Released
Menu labeling requirements proposed April 1 by the Food and Drug Administration will require chain restaurants as well as bakeries, grocery stores, c-stores and coffee chains with 20 or more locations to clearly post the calorie count for each item on their menus. The new rules will apply to menus and menu boards in restaurants…
April 11, 2011
New Southeast Shipping Center For Electrolux
Electrolux Professional has a new southeast shipping hub outside of Atlanta. The company’s new regional distribution center in Fairburn, Ga., optimizes service for customers in an 11-state area and reduces current delivery time to dealers and end-users served by a soon-to-close facility in Chattanooga, Tenn., according to the company. The 600,000-sq.-ft. warehouse will store and…
April 11, 2011
California Pizza Kitchen Continues Expansion in India
California Pizza Kitchen has opened its second restaurant in India. The Los Angeles chain has partnered with franchisee JSMGGC India Pvt. Ltd., a joint-venture between Mumbai-based JSM Corp. and Dubai-based Gourmet Gulf Co. Like CPK’s other location in the country, the new unit is in Mumbai. Located in the city’s densely commercial High Street Phoenix,…
April 7, 2011
Middleby Acquires Beech, Bids For Lincat
The Middleby Corp., which has acquired 15 companies over the past five years, has announced further expansion. On April 12, the Elgin, Ill., company announced it has acquired Beech Ovens, Pty. Ltd., a Brisbane, Australia-based manufacturer of stone hearth, tandoor and rotisserie ovens with approximately $10 million in annual sales. In a statement, Selim Bassoul,…
April 4, 2011
AS MARKET IMPROVES, SOME CHAINS AND RETAIL SEGMENTS STAND OUT
Some restaurant chains and retail markets kept growing through the depressed economy and are poised to come out of the Great Foodservice Recession with new growth momentum. New studies and reports from Technomic Inc. and ChainLinks Retail Advisors detail the players and metro areas. While not all dealers have big chain customers, the studies help…
April 4, 2011
CHRIS LEADER NAMED PRESIDENT AT HOSHIZAKI
Christopher Leader has been named president of Hoshizaki America. Leader, who joined the Peachtree City, Ga., manufacturer in January 2010, had been serving as the company’s COO. He will be responsible for all of Hoshizaki’s business in the Americas, which includes two manufacturing facilities and six company-owned distribution centers in the United States. In addition,…
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