Food & Beverage News
Here’s the Plan to Cut Food Waste by 2030
To feed nearly 10 billion people by the middle of the century without trashing the climate, the food system has to fundamentally change—and one major piece of that involves reducing the massive amount of food that’s never eaten. Around a third of all food produced, or 1.3 billion tons a year, is wasted. Cutting food waste in…
Read MoreA Possible Recession Isn’t Spooking Restaurant CEOs Just Yet
Recession concerns have increasingly worried investors of late. But restaurant executives aren’t concerned about it at the moment, at least based on recent comments from the CEOs of some of the largest U.S. chains. Earlier this week, Starbucks CEO Kevin Johnson told Jim Cramer of CNBC that the company hasn’t seen any signs of looming economic…
Read MoreStruggling Kona Grill Sold for $20.3 Million
Struggling Kona Grill has a new owner, although it’s far from a stranger. The Scottsdale, Arizona-based brand was dealt to Williston Holding Co. Inc., the company founded by Marcus Jundt. He is one of the polished chain’s founders and served on the board from 2000–2009. Jundt also held the CEO post twice—from 2006–2009 and then…
Read MoreUPS Has Been Delivering Cargo in Self- Driving Trucks for Months and No One New
UPS announced that its venture capital arm has made a minority investment in TuSimple. The announcement also revealed that since May TuSimple autonomous trucks have been hauling UPS loads on a 115-mile route between Phoenix and Tucson. UPS confirmed to Gizmodo this is the first time UPS has announced it has been using TuSimple autonomous…
Read MoreMcDonald’s Veteran Jim Norberg Named to Position
Papa John’s International Inc. has appointed Jim Norberg as the company’s first chief restaurant operations officer, the company said. Norberg, who had served as chief operating officer at McDonald’s USA until 2015, will oversee the operations of corporate and franchise stores for the Louisville, Ky.-based quick-service pizza brand. “Jim has an impressive growth track record,…
Read MoreHow MOD Pizza Built the Nation’s Fastest-Growing Brand
Scott and Ally Svenson knew what they were getting into when they created MOD Pizza. The Seattle natives had found their knack for the food business when they started London-based Seattle Coffee Company (eventually acquired by Starbucks) and honed it while helping to build the Italian brand Carluccio’s. Their itch to create MOD Pizza back…
Read MoreMimi’s Café is Now Mimi’s Bistro + Bakery
After 41 years in business, Mimi’s kick-started a refresh project Monday it believes will strengthen the chain’s connection to France, and help accentuate differentiating traits amid a growing fast-casual category. The modernization also includes a new name: Mimi’s Café is now Mimi’s Bistro + Bakery. Philippe Jean, chief operating officer for Le Duff America, Inc.,…
Read MorePerkins Franchisee Files for Chapter 11 Bankruptcy
A franchisee of 27 Perkins Restaurant & Bakery locations filed for Chapter 11 bankruptcy protection after losing the right to use the parent company’s name. The franchisee, 5171 Campbells Land Co., based in Rankin, Pa., said in the U.S. District Court for the Western District of Pennsylvania filing that it had assets of between $1…
Read MoreStaying Power: Antoine’s Restaurant
As one of the oldest continuously family-owned and operated restaurants in the country, French-Creole restaurant Antoine’s of New Orleans has a rich history that goes back almost two centuries. Today, the restaurant is known for its 15 themed dining rooms including Mardi Gras themes and the Mystery room that dates back to a Prohibition-era speakeasy.…
Read MoreBrinker to Buy 116 Chili’s from 14-Year Franchisee
Dallas-based Brinker International Inc. plans to buy 116 Chili’s Grill & Bar restaurants from franchisee ERJ Dining, according to a regulatory document filed Wednesday afternoon. The parent of Chili’s did not disclose the value of the deal, only stating that the restaurants generate revenue of about $300 million a year. Most of the casual-dining restaurants…
Read More