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Foodservice and Industrial Equipment Industry.

 

  • Global Foodservice Newsletter – March 1, 2017 Edition March 4, 2017 - March 1, 2017   The Owner of Burger King is Buying Popeyes for $1.8 Billion Restaurant Brands International Inc. and Popeyes Louisiana Kitchen, Inc. announced that the companies have reached an agreement for RBI to acquire Popeyes for $79.00 per share in cash, or $1.8 billion. The acquisition of Popeyes will add a successful, highly... read more
  • Commercial Food Service News – February 15, 2017 Edition February 15, 2017 - Yum China Opens First Taco Bell in Shanghai Yum China Holdings Inc. and Taco Bell Corp. on Monday officially opened the first China unit of the Mexican-inspired brand in Shanghai. The restaurant debuted near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui area, the city’s central business district. “Leveraging our deep insights into Chinese consumer preferences,... read more
  • Global Foodservice News – December 1, 2016 Edition December 6, 2016 - The Legacy Companies to Acquire the West Bend Electrics Division of Focus The Legacy Products Companies (“Legacy”) and Focus Products Group International, LLC (“Focus”) announced today that they have entered into a letter of intent by which Legacy would acquire the West Bend Electrics division of Focus. Focus, founded in 2001, is a growth oriented... read more
  • Global Foodservice News – November 15, 2016 Edition November 14, 2016 - David Novak: Leaders Must Recognize and Praise their Teams Recognition is the secret weapon to winning in the hospitality business, according to David Novak. The co-founder and former CEO of Yum! Brands Inc. is an evangelist for employee motivation through praise. He delivered a keynote speech at the recent MUFSO conference. “Every leader casts a shadow,”... read more
  • Global Foodservice News – November 1, 2016 Edition November 1, 2016 - McDonald’s Turnaround Revs-up Abroad as Sales Top Estimates McDonald’s Corp. Chief Executive Officer Steve Easterbrook has more tricks up his sleeve than serving Egg McMuffins all day. A series of upgrades at the company’s international locations — including technological advances like self-service kiosks — boosted sales in some of the restaurant’s chains biggest markets abroad... read more
  • Global Foodservice News – October 15, 2016 Edition October 17, 2016 - CHEMSTAR completes acquisition of Sterilox Fresh; Announces Key Executives Chemstar Corporation announces that on October 7, 2016, it closed on the purchase of the assets of Sterilox Fresh, the leading manufacturer of electrolyzed water technologies for the supermarket retail and food service industries. The agreement for the purchase was previously announced on September 21, 2016.... read more
  • Global Foodservice News – October 1, 2016 Edition October 3, 2016 - Stuart Campbell Heads up Specifi’s Drive for UK Market Share Former CaterQuotes and Nayati executive joins Specifi in UK as vice president of international sales. Specifi LLC, a global leader in the provision of design and publishing tools to the Foodservice equipment industry, has appointed Stuart Campbell to the post of vice president of international sales.... read more
  • Global Foodservice News – September 15, 2016 Edition September 15, 2016 - Jimmy John’s Sells Majority Stake to Arby’s Owner Jimmy John’s is selling a majority stake to Atlanta private-equity firm Roark Capital Group. Terms were not disclosed. No management changes are planned as part of the deal, and the Champaign-based company’s founder, Jimmy John Liautaud, will remain chairman of the board. He will “continue to help... read more
  • Global Foodservice News – September 1, 2016 Edition August 31, 2016 - Filippo Berti Assumes Role of Chief Executive Officer for the Ali Group Effective September 1, 2016, Filippo Berti will assume the role of Chief Executive Officer for the Ali Group. As Chief Executive Officer, Filippo Berti will have responsibility for all of the Group’s operating companies worldwide. Luciano Berti will continue in his role as... read more
  • Global Foodservice News – August 15, 2016 Edition August 10, 2016 - Red Robin Names Denny Marie Post CEO Red Robin Gourmet Burgers Inc. has named Denny Marie Post CEO, replacing Steve Carley, who is retiring after six years at the helm, the company said. Post, who is also president of Red Robin, joined the company in 2011 as senior vice president and chief marketing officer. She... read more
  • Global Foodservice News – August 1, 2016 Edition August 3, 2016 - The Legacy Companies Announces Acquisition of Legion Industries The Legacy Companies announced that it has completed the acquisition of Legion Industries, based in Waynesboro, GA.   This is the third acquisition that the Company has made this year. In June, it bought out EdgeCraft; in July, it bought out Orien. Neal Asbury, CEO of The Legacy Companies, said,... read more
  • Global Foodservice News – July 15, 2016 Edition July 29, 2016 - Sysco Acquisition Expands Online Ordering for its Customers Sysco Corporation announced it has acquired Supplies on the Fly, an innovative e-commerce platform providing restaurant supplies and equipment exclusively to Sysco customers. The price of the acquisition was not disclosed. Headquartered in Kennesaw, Ga., Supplies on the Fly allows Sysco customers to place orders for more... read more
  • Global Foodservice News – July 1, 2016 Edition July 29, 2016 - This is America’s Favorite Fast Food Restaurant When it comes to America’s favorite fast food, chicken reigns supreme. Chick-fil-A is the highest ranking fast food restaurant in the country for customer satisfaction, according to the American Customer Satisfaction Index Restaurant Report 2016 recently released. The Georgia-based chicken chain took home the top spot by a... read more
  • Global Foodservice News – June 15, 2016 Edition June 29, 2016 - The Legacy Companies Announces Acquisition of Chef’sChoice The Legacy Companies announced that it has completed the acquisition of EdgeCraft Corporation, manufacturer of the Chef’sChoice brand, based in Avondale, PA. Founded in 1984, EdgeCraft Corporation introduced the Chef’sChoice brand with the debut of its first electric knife sharpener in 1985.  Today, Chef’sChoice is available in over 80 countries... read more
  • Global Foodservice News – June 1, 2016 Edition June 29, 2016 - Dorian Drake’s Founder Passes Away at 92 Ed Dorian Sr., Dorian Drake’s founder and former chairman, passed away on Wednesday, April 20th following a long battle with cancer. He was 92. The creation of Dorian International, and the subsequent purchase of Drake America, were major milestones in Ed Sr.’s long and richly varied business career.... read more
  • May 3, 2016 May 3, 2016 - Jersey Mike’s Shows Off ‘Sub Above’ Attributes in New Push The expanding chain, which began in 1956 as a single Mike’s Subs shop in Point Pleasant, N.J., is building on its “A Sub Above” tagline with a new campaign called “The Sub Above Difference.” In one of the first new commercials, Jersey Mike’s makes a... read more
  • April 1, 2016 April 1, 2016 - Yum Might Sell Stake in China Business Yum Brands Inc. might sell a 20-percent stake in its China operations as part of an upcoming spin-off, the Wall Street Journal reported. According to the report, Yum is in talks with private-equity groups in the hope of selling a 19.9-percent stake in the business to avoid a... read more