Food & Beverage News

Krystal filed for bankruptcy in January and was put up for sale as part of the reorganization process. Fortress emerged as the successful bidder of the business. Thomas Stager was named president of Krystal, effective immediately. He replaces Tim Ward, former president and chief operating officer. Mr. Ward, along with former chief financial officer Bruce Vermilyea, are…

The European food delivery company entered into a definitive agreement to acquire 100% of the shares of Grubhub in an all-stock transaction. Combined, the two companies will create the largest online food delivery service outside of China, measured by gross merchandise value and revenues. The announcement comes after several weeks of negotiations between Uber and…

The news means every drive-through restaurant in the UK and Ireland will reopen between Tuesday and Thursday next week. Customers face a £25 cap on their orders, while each franchise has been asked to make sure its staff are fit and able to work. A McDonald’s spokesperson said: “We can today announce that by 4th June,…

The parent of Le Pain Quotidien agreed to sell its U.S. locations of the bakery-cafe chain to New York-based multiconcept operator Aurify Brands LLC for about $3 million. The agreement came as PQ New York Inc., operator of 98 Le Pain Quotidien restaurants across the U.S. before the pandemic, filed for Chapter 11 reorganization. As part…

The new CEO of the Wahlburgers restaurant chain isn’t letting the pandemic get in the way of ambitious expansion plans. As John Fuller researched the company before interviewing for the CEO job at the Hingham-based group, he was surprised to learn it only had 37 locations, given its widespread name recognition. There’s a good reason…

As a response to the current hardship faced by the restaurant industry Hubworks, powered by Altametrics, is now offering their HACCP compliance software, Zip HACCP, free to all restaurants for life. This decision came as a result of Altametrics seeking a way to give back to the community that supports the company. As restaurants continue…

Concerns over profitability and food quality for years kept the restaurant from expanding into delivery. This summer, however, Brinker announced it will offer the service nationwide through an exclusive deal with third-party platform DoorDash. Sales in the fourth quarter ended June 26 increased 2% to $701.9 million from $688.2 million in the same period last…

Dunkin’ is getting into the electoral spirit more than five months ahead of the U.S. presidential election with a campaign that turns selecting a favorite donut into a bit of a patriotic play. Dunkin’ is celebrating National Donut Day by introducing the six candidates in the Donut Party. “This year, for obvious reasons, we thought…

A major expansion of home delivery is helping Tim Hortons slowly inch its way out of a months-long sales slump. Tim Hortons’ parent Restaurant Brands International Inc. on Thursday reported that the coffee chain’s comparable sales are now showing declines of around 25 per cent, an improvement on the early days of the pandemic. The…

Papa John’s North American same-store sales skyrocketed 33.5 percent in May, eclipsing a company record it just set in April. The figure is more than four times higher than what the company captured in January and more than six times higher than what it reached in February. The pizza chain is coming off a month…