Fresh Dining Concepts receives a major Cash Infusion

Posted

The Miami-based Fresh Dining Concepts, which owns approximately 160 Auntie Anne’s, Carvel, Cinnabon, and Jamba locations in 17 states and Washington, D.C., received a $44 million capital injection from Franchise Equity Partners, a relatively new private investment firm looking to provide finances to growing franchise businesses. True to the company’s philosophy, the multi-million-dollar investment is a minority stake and permanent in… read more

This isn’t a good week for customers who enjoy eating inside fast-food restaurants.

Posted

Earlier this week, Taco Bell debuted its newest prototype, which it calls “Defy.” It is a two-story purple palace devoted almost entirely to the automobile. There is a kitchen on the second floor that delivers food to waiting cars below through a unique lift system. Inside, however, it does not have any seating. And that’s… read more

Keeping Your Restaurant Safe and Sanitary with Tech Advancements

Posted

Over the last year, safety and sanitation have been primary focuses within the restaurant industry. A new dedication to these practices emerged as a direct result of the COVID-19 pandemic, with patrons more concerned than ever about the quality and cleanliness of where they are getting their food. In the drive to create comfortable and… read more

Dave & Buster’s Comeback Reaches Record Level

Posted

In the summer of 2020, it seemed as if the eatertainment industry was headed for disaster. With dining rooms closed and no one heading out to play games, brands like Dave & Buster’s were put in dire straits. The chain warned of laying off 1,300 workers across seven states and foreshadowed a potential bankruptcy. Flash forward… read more

Global Foodservice News – June 1, 2022 Edition

Posted

The Future of Automation in Foodservice–Ready or not, here it comes! Automate or die? We’re not quite there yet, but the ability to supplement or replace human labor with automated solutions is fast becoming a lifeline for many foodservice operators. And really, while Jetson-Esque robots taking orders, cooking, and delivering meals may not come to… read more

What does the future hold for food and beverage?

Posted

Over the past few months, COVID-19 has had a significant impact on how we think and behave when it comes to food and beverage (F&B). When lockdowns were implemented in countries around the world, non-essential retailers were closed, dining-in was prohibited, and supply chains were tested. As a result, buying behaviors and attitudes have changed… read more

The Future of Automation in Foodservice–Ready or not, here it comes!

Posted

Automate or die? We’re not quite there yet, but the ability to supplement or replace human labor with automated solutions is fast becoming a lifeline for many foodservice operators. And really, while Jetson-Esque robots taking orders, cooking, and delivering meals may not come to a restaurant near you anytime soon (a few exceptions aside), automated… read more

Datassential’s Firefly 500+: Restaurants focus on unit growth and a bit of indulgence

Posted

For many, a focus on core markets and unit growth, rather than just sales, was the way to come out of the last two years ahead — both in terms of the competitive landscape and on their own balance sheets. Those are just some of the findings in Datassential’s Firefly 500+, the data and insight… read more

Three years ago, around this time, Kona Grill was unraveling.

Posted

In April 2019, the casual-dining chain revealed it was on the verge of bankruptcy. It retained Piper Jaffray as a financial adviser to explore strategic alternatives. Leadership was in disarray, as well; in less than a year, four different executives took on the role of CEO. Indeed, Kona Grill filed bankruptcy the next month and had its stock listing… read more

Escobar Looks to Franchise as Night Club Concept

Posted

Atlanta’s Escobar Restaurant & Tapas Lounge is for the 25 and older crowd, co-founder Mychel “Snoop” Dillard says. The hardworking urban professionals and entrepreneurs. But it’s also for the celebrities, and the list is eye-catching—Snoop Dogg, T.I., singer/songwriter Jacquees, former NBA player Stephen Jackson, and rap artist Trina. The restaurant, which Dillard co-founded with Grammy award-winning rapper 2… read more