Food & Beverage News

Bloomin’ Brands and JANA Partners struck a deal heading into the casual-dining company’s annual meeting. The parent company of Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s Prime Steakhouse and Wine Bar, announced Wednesday (February 28) that it has agreed to appoint Wendy A. Beck to its board of directors for a term ending at the…

Clabo S.p.a., the worldwide leading company in the business of the refrigerated display showcases for Gelateria, Confectioneries, Cafés and Hotel, listed on the AIM Italia segment of the Italian Stock Exchange, organized and managed by Borsa Italiana, informs that today has entered a preliminary binding agreement for the purchase of the 51% of the Class…

TriMark USA, LLC President & CEO, Jerry Hyman, announced the acquisition of Chefs’ Toys. Chefs’ Toys is an award winning, industry-leading foodservice equipment and supplies distributor in Southern California with seven superstores and a range of services including design, installation, construction and ecommerce. Chefs’ Toys President, Steve Dickler, and Vice President, Mike Krepistman, along with…

First, the good news: Food prices, with a few exceptions, have stabilized over the past few years. Now, the bad news: The price of pretty much everything else has gone up. “Food cost used to be your highest cost,” said Kelley Jones (left), president and COO of Hospitality Alliance, a restaurant consulting, operations and management…

Debt financing has become widely available to restaurant companies in recent years, and many operators have taken advantage of this source of capital to fund development.  This is a big difference compared with 30 years ago, when banks and other lenders shunned the industry and many companies had to grow within the limits of their cash…

More than a year after the company hinted at a limited-service spinoff, The Cheesecake Factory is making good on its word with plans to open a pilot fast casual later this year. The news came amid the casual-dining chain’s fourth-quarter earnings report Wednesday, February 21. As CEO and chairman of the board David Overton pointed…

Welbilt announces agreement to acquire Crem Internations which provides entry into hot beverage market via professional coffee machines, one of the fastest growing categories within the global beverage market. Adds highly complementary product portfolio enhancing Welbilt’s position as full-line supplier with attractive cross-selling opportunities. Supports Welbilt’s strategy to further drive growth outside the U.S., while also…

The Middleby Corporation announced the acquisition of Hinds-Bock Corporation. The company is a leading manufacturer of solutions for filling and depositing bakery and food product, an integral part of the industrial baking and food processing line. The company is based in Bothell, Washington and has approximately $15 million in annual revenues. “For decades, Hinds-Bock has…

Tyson Foods said that it will launch several new products this year and modernize its $1bn brands as part of its transformation into a modern food company. Speaking at the 2018 Consumer Analyst Group of New York conference, Tyson Foods president and CEO Tom Hayes and members of the company’s enterprise leadership team shared with…

Scarfogliero, who has served as president and COO since 2009, joined Winholt in 1993 as v.p.-operations and IT. Prior to that, he led operations, distribution and technology for two major U.S. consumer electronics companies. Winholt Chairman Jonathan Holtz affirmed that Scarfogliero has played a major role in the company’s growth since becoming president and COO…