FAT Brands to Acquire Five Restaurant Chains for $442.5 Million

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The purchase of Global Franchise Group will give FAT Brands more than 2,000 franchised and company-owned restaurants around the world. FAT Brands announced Monday that it will spend $442.5 million to acquire Hot Dog on a Stick parent Global Franchise Group. In addition to Hot Dog on a Stick, Global Franchise Group franchises quick-service concepts… read more

FAT Brands to Acquire Five Restaurant Chains for $442.5 Million

Posted

The purchase of Global Franchise Group will give FAT Brands more than 2,000 franchised and company-owned restaurants around the world. FAT Brands announced Monday that it will spend $442.5 million to acquire Hot Dog on a Stick parent Global Franchise Group. In addition to Hot Dog on a Stick, Global Franchise Group franchises quick-service concepts… read more

GLOBAL FOODSERVICE NEWS – JUNE 15, 2021 EDITION

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Congress unveiled new legislation . . . . Congress introduces a $60 billion replenishment of the Restaurant Revitalization Fund Congress unveiled new legislation — the Restaurant Revitalization Fund Replenishment Act of 2021 — to replenish the depleted first round of restaurant relief. Congress introduced legislation to replenish the Restaurant Revitalization Fund with a $60 billion… read more

Lawsuit Seeks to Overturn NYC Restrictions on Fast-Food Firings and Layoffs

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A first-of-its-kind law that limits fast-food chains’ ability to fire employees in New York City is being challenged in federal court by advocacy groups that blast the measure as a way for unions to promote restaurant workers’ interests without being voted into that role. The plaintiffs are also seeking to overturn a related measure that… read more

Electrolux Professional Announces Partnership with Chef Andrea Zanin

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With this new partnership, Chef Andrea Zanin will consult with the Electrolux Professional team in North America to promote innovation. We are excited to announce our partnership with Chef Andrea Zanin in North America. He will be working closely with the company to provide education and support for Electrolux Professional solutions. Chef Zanin will be… read more

Buffalo Wild Wings Launches Trivia Series with Big Prizes on the Line

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Buffalo Wild Wings knows customers are champing at the bit to go out once again. To direct that pent-up demand toward its doors, the brand is launching Blazin’ Trivia, a new weekly trivia night with $50,000 and a trip to Las Vegas on the line. The game will be hosted every Wednesday night, with teams… read more

Fresh Ideas Positioned Smashburger for Growth During the Pandemic

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Smashburger president Carl Bachmann wants the chain to be the No. 1 fast-casual brand. And the pandemic didn’t stop him from thinking big. “We kept the doors open the whole time, so we didn’t lose as many employees as other chains,” said Bachmann. That, and developing and promoting team members from within, are helping Smashburger… read more

Restaurant Industry Still Missing 1.46 Million Jobs

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Restaurants gained 186,000 jobs in May, but the industry still has a long road toward reaching pre-pandemic figures. Last month, 10.83 million were on the payroll, and that’s 1.46 million fewer than February 2020, when the industry boasted 12.29 million, according to the Bureau of Labor Statistics. It also doesn’t help that quick-service and full-service… read more

How World of Beer Rose from Major Layoffs to Soaring Sales

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The COVID-19 pandemic was arguably the most dramatic event World of Beer CEO Paul Avery has faced in his career. The 54-unit chain decided to quickly furlough 92 percent of its staff in an attempt to allow everyone to get proper government assistance. For those who remained, salaries were reduced 50 percent. At one point… read more

Krispy Kreme goes public with IPO filing, looking to raise $100 million

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The doughnut and coffee chain will be trading on the Nasdaq under the ticker symbol, “DNUT.” The news was announced a month after Krispy Kreme initially filed a draft registration for an IPO with the U.S. Securities and Exchange Commission. The IPO will take Krispy Kreme public for the first time since the acquisition by… read more