The fifth new director named to the Board in the last four years, Mr. Wade’s appointment is the result of the Company’s robust board succession and refreshment program – a core element of the Board’s larger, ongoing commitment to alignment with and accountability to shareholders. Mr. Wade is President of Union Square Hospitality Group, LLC… read more
Global Foodservice News
The Lost Cajun Declares Bankruptcy
The Lost Cajun, a full-service concept once headed for aggressive growth, filed bankruptcy Wednesday after devastating effects from the pandemic. The restaurant’s franchising company, The Lost Cajun Enterprises, filed the petition. The Lost Cajun Spice Company—created in 2016 to coordinate the sale and distribution of goods to the restaurants—also declared bankruptcy. The Lost Cajun Enterprises… read more
Lack of Restaurant Workers Hamper the Comeback
Now they Can’t Find Workers A few weeks ago, Philippe Massoud posted online ads looking for a cook to hire at ilili, his New York City restaurant. Typically, he said, 60 or 80 people might show up to interview for a position like that one. This time? Nobody. “That has not happened, ever, in the… read more
THE GLOBAL FOODSERVICE NEWS EDITION MAY 1, 2021
“This acquisition complements our existing health and nutrition portfolio in terms of brands and channels,” said Greg Behar, CEO of Nestle Health Science . . . . Nestle Buys Vitamin Maker Bountiful’s Main Brands for $5.75 Billion has bought the main brands of vitamin and supplements maker The Bountiful Company for $5.75 billion, the world’s… read more
The Small Business Administration announced that Restaurant Revitalization Fund Applications will Open on May 3
The Small Business Administration announced Tuesday that the Restaurant Revitalization Fund will open on Mon., May 3 at noon EST, and restaurant operators can begin the registration process starting Fri., April 30 at 9 a.m. EDT. Operators will be able to register through the SBA RRF portal and the applications will remain open until funding runs… read more
Domino’s is Experiencing ‘One of the Most Difficult Staffing Environments in a Long Time
Domino’s Pizza is “experiencing one of the most difficult staffing environments in a long time,” CEO Ritch Allison said during Thursday’s earnings call for the first quarter ended March 28, citing the “very tight labor market” that other operators throughout the industry have been experiencing at this point in the pandemic. “A combination of COVID-19,… read more
Slideshow: New menu items from Chick-fil-A, La Madeleine, Newk’s Eatery
Chick-fil-A, Inc. is introducing the Lemon Kale Caesar Salad, featuring warm grilled chicken nuggets on a bed of romaine and kale with shaved Parmesan cheese and lemon wedges served with a lemon Caesar vinaigrette dressing and lemon Parmesan panko topping. The salad is the first limited-time salad entree to be featured on the national menu… read more
BJ’s Restaurant & Brewhouse Introduces Margarita Flight in Time for Cinco de Mayo
Featuring four of BJ’s signature margaritas in tasting glasses—including the Handcrafted Margarita, Lemon Berry Margarita, Twisted Pineapple Margarita, and Fresh Strawberry Rita—the new cocktail tasting flight is the perfect way to sample some of BJ’s popular margaritas and will be available through summer. Guests can enjoy their cocktail flight alongside BJ’s Loaded Nachos with crispy… read more
Oregon to Reshut Restaurant Dinning Rooms in 15 counties
Restaurants in 15 of Oregon’s 36 counties will be required to suspend indoor dining for a week starting Friday because a new wave of COVID-19 cases is threatening to overwhelm the state’s hospital system, Gov. Kate Brown announced Tuesday. The governor also redesigned two additional counties as “high risk,” requiring them to join the seven… read more
Chicken Sandwich Wars Pay Off for KFC and McDonald’s, Putting Pressure on Supply
Better late than never. KFC’s and McDonald’s belated entries into the chicken sandwich wars look to be paying off for the two fast-food chains. Yum Brands executives told analysts on Wednesday that KFC is selling more than twice the volume of its new chicken sandwich compared with past versions. Yum CEO David Gibbs said that… read more