Global Foodservice and Equipment Newsletter – August 15, 2017 Edition

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Potbelly Mulls Sale amid Disappointing Earnings The Chicago-based sandwich maker reported second-quarter earnings that missed expectations. The company is “undertaking a comprehensive review of our business strategy,” interim CEO Michael Coyne said in a statement. Coyne said Potbelly tapped J.P. Morgan Securities “as our financial advisor to assist with this review and development of strategic… read more

Global Foodservice and Equipment Newsletter 8.1.17

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Corrie Byron has been appointed President of Franke Coffee Systems North America Byron will be responsible for accelerating sales and growth of the Smyrna, Tenn.-based Franke Coffee Systems business in the U.S. and Canada. Byron will report to Thomas Patrick Meier, CEO of the global Coffee Systems Division headquartered in Aarburg, Switzerland. “Corrie will leverage… read more

Global Foodservice Newsletter – July 15, 2017 Edition

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Shawn Kuhlman as director of sales for Canada and Latin America T&S Brass and Bronze Works, a leading international manufacturer of innovative foodservice and commercial plumbing products, has hired Shawn Kuhlman as director of sales for Canada and Latin America. Kuhlman will focus on supporting T&S customers in Canada and Latin American nations, as well… read more

Global Foodservice Newsletter – July 1,2017 Edition

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Amazon Rocks Grocery Industry with $13.7B bid to buy Whole Foods Amazon.com’s agreement to buy Whole Foods Market for $13.7 billion, announced recently, is a seismic deal that likely signals major changes in the grocery business. For shoppers, such a deal could ultimately mean lower prices at Whole Foods and more online delivery and pickup options… read more

The BJ Beltram Transaction Represents the 13th Platform Investment in Trivest Fund V

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Trivest Partners announces it has recapitalized B&J Food Service Equipment and Beltram Foodservice Group to create BJ Beltram, Inc. The BJ Beltram transaction represents the 13th platform investment in Trivest Fund V, a $415 million fund dedicated to investing in founder/family-owned businesses. BJ Beltram is the combination of two leading foodservice equipment (FSE) distributors: B&J Food… read more

Executive Team Transition and Brand Transformation

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Glenn Lunde has assumed the role of President at Togo’s Holdings, LLC, reporting directly to the Board of Directors, following the retirement of Togo’s Chairman and Chief Executive Officer, Tony Gioia. Lunde joined Togo’s as Chief Concept Officer in January as part of the succession planning process, and has been leading Togo’s brand transformation strategies,… read more

US Foods Agrees to Acquire F. Christiana

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US Foods announced that it has agreed to acquire F. Christiana, a broadline distributor of food and food-related products concentrating on the important center-of-the-plate categories as well as dairy and dry goods. Family-owned for three generations, F. Christiana has nearly $100 million in annual sales and serves more than 1,800 independent restaurant, hotel, and independent… read more

DEL TACO Names John D. Cappassola, Jr. as Chief Executive Officer

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Del Taco Restaurants, Inc. the second largest Mexican-American QSR chain by units in the United States, announced that President and Chief Brand Officer John D. Cappasola, Jr. has been named as Chief Executive Officer, to succeed Paul J.B. Murphy, III. Mr. Cappasola will also replace Mr. Murphy on the Company’s Board of Directors. Mr. Murphy will remain… read more

The Cheesecake Factory Opens in Hackensack, New Jersey

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The Cheesecake Factory®, known for its extensive menu, generous portions and legendary desserts, today announced the opening of its newest restaurant in The Shops at Riverside in Hackensack, N.J. With more than 250 menu selections including nearly 50 lower calorie Skinny Licious® dishes and a “Super” Foods section – handmade, in-house with fresh ingredients – and more than… read more

Franchisee Association of Buffalo Wild Wings Reticent About New Management Direction Following Stockholder Vote

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Franchise Business Services (FBS), the association representing Buffalo Wild Wings® franchisees expressed its reticence about potential new management direction following the outcome of the stockholder vote supporting Marcato Capital and its slate of three new board members for the Minneapolis-based casual dining restaurant group.  “Buffalo Wild Wings franchisees are focused on continuing the momentum of… read more