The ‘Next Steps’ Guide Shows Operators what they Should do if they Receive a Grant, besides Spend it Wisely

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The National Restaurant Association has released a guide for restaurants and bars that applied for the Restaurant Revitalization fund, which opened on May 3, including records to maintain and keep track of and learning how to address new funds in tax filings. Keep a copy of all submitted records, including the application itself Keep all… read more

Italy’s Ali Group makes $3.3B cash bid for US rival Welbilt

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Italian foodservice equipment maker Ali Group has made a $3.3 billion cash offer for U.S. rival Welbilt, a source close to the matter said on Friday, surpassing an offer made for the company last month. The source added that Ali Group is offering $23 for each Welbilt share. The news was first reported by the… read more

Spaceman USA to Acquire Food Equipment IOT Tech Startup BDE Innovation.

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Forte Supply LLC, the Parent company of Spaceman USA and BDE Innovation has entered into a definitive agreement under which Spaceman USA will acquire BDE Innovation, enhancing the Spaceman USA equipment platform with a portfolio of IoT and dispensing technologies.  This transaction brings technology enhancements as well as Marcus Buscemi Jr., CEO of BDE Innovation… read more

McDonald’s Sales Rebound to pre-COVID Levels in Q1, Earnings top Wall Street Estimates

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McDonald’s reported fiscal first-quarter earnings that topped Wall Street’s expectations, with the fast food giant posting sales that rebounded to pre-COVID levels amid the battle of chicken sandwiches, and the industry’s growing digital shift. Here’s what the Golden Arches reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $5.12 billion versus $5.03… read more

Equipment Giant Middleby to Buy Welbilt for 2.9B

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Foodservice equipment manufacturer Middleby Corp. is acquiring smaller competitor Welbilt for $2.9 billion, adding to its wide array of equipment and technology for commercial kitchens. The deal will combine the companies’ “distinct but complementary portfolios” and help expand Middleby’s global footprint, the companies said in a statement. It also advances Middleby’s investments in newer technologies… read more

Automation Can Offer Cost, Time and Labor Savings

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Incorporating automated and robotic systems into meat and poultry processing operations is a growing trend in the industry, but that doesn’t mean every plant should necessarily make the switch. There are a number of things to be considered when automating operations, many of which were shared during the North American Meat Institute’s virtual Meat Industry… read more

TOCK Latest Hires in a Rapidly Growing Company

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The Chicago-based company is tuning in from their apartments. He’s logging in from a house in Lake Tahoe that he’s rented for a few weeks in January in an attempt to take a vacation after an extraordinarily busy year. The plan is to welcome his employees to the company with an introductory pep talk. He’ll… read more

Starbucks Tests out Reusable Cup Rental Service at Select Seattle Stores

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Starbucks announced that they will be scaling up single-store tests of their reusable cup rental service, Borrow a Cup, at five stores in Seattle this spring, from March 30 through May 31, coinciding with Earth Day. In partnership with Go Box — which has worked with other smaller chains like Dig on returnable, reusable food,… read more

How to Maximize Outside Legal Counsel to Drive Post-Pandemic Growth

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Now is a perfect time for industry players to reevaluate and reconsider. Using the right outside counsel can provide the extra edge in both “on-the-ground” contract negotiations and the overall programmatic approach to successfully realize growth plans. Everyone loves to complain about lawyers. They like to talk (and talk). They relish in completely rewriting contracts…. read more

Ashley Agnew promoted to Customer Success Manager at Chrane Foodservice

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Customer Success Manager at Chrane Foodservice Solutions Mrs. Ashley Agnew has been promoted to the newly created role of Customer Success Manager at Chrane Foodservice Solutions. From a long career in the foodservice industry, including almost nine years as a Chraniac, Ashley joined the Chrane leadership team as of March 3, 2021. Per Meredith Mulliken, Chrane’s… read more