Food & Beverage News

Dividend Restaurant Group—the owner of Macaroni Grill and Sullivan’s Steakhouse—could add another brand to its ranks before the end of 2020’s first quarter. If the deal comes to pass, the new acquisition would become the largest brand in the group’s portfolio. “This is a meaningful brand, it will be the largest part of our portfolio if we get it…

Hmm, maybe this is why they’re looking for new drivers. A Waukesha County, Wis., sheriff’s officer pulled over the Oscar Mayer Wienemobile on Sunday for violating the state’s Move Over law. The rule requires drivers to either change lanes or slow down while passing a stopped vehicle with its emergency lights on. Technically, it wasn’t THE Oscar Meyer Wienermobile, as the company has a fleet of…

Starbucks had a good 2019 and so did its CEO. Kevin Johnson’s pay package totaled $19.2 million in the Seattle-based coffee giant’s 2019 fiscal year, according to federal securities filings. That’s up 36% over the prior year. The higher pay follows a strong year for Starbucks, which regained momentum in both the U.S. and China. Global same-store sales rose 5%, including…

McDonald’s has closed restaurants in five Chinese cities and is implementing new health protocols in the region as the deadly coronavirus continues to spread. On Friday, the company shuttered locations in Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao — all cities that have been impacted by the Chinese government’s travel restrictions, company spokesperson Barry Sum told CNN Business in an email. At least 10 cities in central Hubei…

FoodFirst Global Restaurants, the parent company of Brio Tuscan Grille and Bravo Cucina Italiana, has named Steve Layt as the company’s new chief executive officer. The change is effective immediately, as former CEO and FoodFirst founder Brad Blum has stepped down from his role as chairman and chief executive, the Columbus, Ohio-based company said in a statement released Tuesday morning. The company said Blum will remain an owner-partner as the company…

New York-based ghost kitchen operator Zuul Kitchens on Monday said it has acquired the online restaurant ordering system Ontray. Terms were not disclosed for the deal, but Zuul CEO Corey Manicone said acquisition of the Philadelphia-based startup and its strategic assets will allow the growing ghost kitchen concept to expand its services to restaurant partners to help them drive revenue.  “We have acquired key technical assets and…

American Blue Ribbon Holdings shuttered 33 locations and filed for Chapter 11 bankruptcy protection Monday, the company announced. The filing does not involve or affect the operations of O’Charley’s or 99 Restaurants, which are not part of ABRH (a company separate from American Blue Ribbon). Fidelity Newport Holdings owns ABRH, which owns American Blue Ribbon Holdings. American Blue Ribbon…

Over the past few years, Bar Louie primarily drove sales and profit through new-unit expansion. But a problem emerged along the way. It funded growth partially through new debt, yet also with cash flow from operations. And, eventually,  didn’t have enough cash on hand to fix underperforming units when they started to drag the system. The result, it said Monday,…

The Food and Drug Administration continues to assert that soy leghemoglobin remains safe for use as a color additive in ground beef analogue products, which includes plant-based Impossible Burgers. The F.D.A. on Dec. 17 said it concluded objections raised by the Center for Food Safety did not justify a hearing or provide a basis for revoking the…

Food distribution company Sysco Corp. announced that CEO Tom Bené will be stepping down after two years years as president and CEO. Bené will be replaced by former executive vice president of CVS Health/president of CVS Pharmacy Kevin Hourican starting February 1. The board has also elected independent director Ed Shirley as executive chair to…