Food & Beverage News
Dunkin’ is Going Private in $11.3 Billion Deal
Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin’, which also owns Baskin-Robbins. Inspire already owns 11,000 Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s, and other restaurants. Inspire, which will take on Dunkin’s debt in the deal, plans to acquire outstanding Dunkin’ shares at $106.50 apiece.…
Read MoreStarbucks is now Officially Testing Vegan Breakfast Sandwiches
Coffee chain Starbucks has launched a plant-based breakfast sandwich at one test location in Issaquah, WA, a city on the outskirts of Seattle. The new Plant-Powered Breakfast Sandwich, retailing at $5.45, is made with a mung bean-based egg, a plant-based sausage patty, dairy-free cheese, and is served on an English muffin. While Starbucks has not…
Read MoreChick-fil-A to Start Selling its Sauces at Walmart, other National Retailers
It will soon get a lot easier to acquire signature sauces from Chick-fil-A. The fast-food chain announced its Chick-fil-A and Polynesian Sauces will be available to buy at retailers including Walmart, Publix, and Kroger starting in mid-November. The sauces, available in 16-ounce bottles for $3.49 each, will initially appear in stores in Alabama, Florida, Georgia,…
Read MoreNearly 300 Public, Private Sector Groups Launch Digital Campaign Pushing for a Deal on a Coronavirus Relief
A coalition of travel, restaurant, retail, and state and local government groups launched a digital advertising campaign on Wednesday calling for Congress to quickly approve a new coronavirus relief package. The Covid Relief Now Coalition is made up of organizations representing the public and private sector, including the American Hotel & Lodging Association (AHLA), International Franchise…
Read MoreMeasures aimed at ensuring the most efficient food chain possible
The US Food and Drug Administration on Sept. 18 announced the latest in a series of initiatives aimed at providing temporary relief from enforcement of certain regulations and deadlines to food manufacturers struggling to adjust operations and procedures to ensure food is directed safely and in the quantities and forms required during the coronavirus (COVID-19)…
Read MoreThe private Equity Firm Partnered with Management on the Deal for the Fast-Growing Chain
Private equity firm Levine Leichtman on said it has partnered with management to acquire Atlanta-based Tropical Smoothie Café. Terms of the deal were not disclosed, but the acquisition gives the Los Angeles-based Levine one of the industry’s fastest-growing concepts. Tropical Smoothie has averaged 23% system sales growth over the past five years, including 22% in…
Read MoreTwin Peaks Introduces New Tailgating Kits for Football Season
Whether you’re tailgating or watching the game on your couch with friends and family, Twin Peaks has these new kits available for delivery, online ordering, or curbside pickup at participating locations that will enhance your sports viewing experience: Twin Peaks Wing Packs – Boneless, bone-in naked, bone-in breaded or smoked and grilled wings, served in…
Read MoreTop 10: Burger King’s Restaurant of Tomorrow, Jelly Belly Branches out into Chocolate
Grilling recipes and techniques were top-of-mind among readers of The Friday Feed as they headed into Labor Day weekend. Burger shaping best practices from The Kitchen, barbecue sauce wisdom from Food & Wine, and a roster of diverse cookout recipes from Bon Apetit and Taste of Home all fed readers’ cravings for one last taste…
Read MoreHow a Banker Turned Podcaster Is Telling the Stories of Africa’s Cuisines
When co-workers would ask Yorm Ackuaku, “What is African food?” the question irked her, and she didn’t know how to answer. “At that point, I hadn’t traveled outside of West Africa, so I couldn’t speak for the rest of the continent,” she says. “There’s a wide variety of food in Ghana alone. I could only…
Read MoreSaved by Suburbs: Food Trucks hit by Virus Find new Foodies
On a warm summer night, two food trucks pulled onto a tree-lined street in a hilltop neighborhood outside Seattle. The smell of grilled meat filled the air, and neighbors slurped on boba tea drinks. Toddlers, teens, their parents, and dogs sat in the grass, chatting behind masks, laughing, and mimicking imaginary hugs to stay socially…
Read More
