Global Foodservice News
YUM! Posts Positive Results
Yum Brands—parent to KFC, Taco Bell, The Habit Burger Grill and Pizza Hut—had a few positives to share during its Q3 earnings call with investors, held Wednesday, Nov. 1. For one, the company set a record on unit development, having opened 1,130 gross new units in its latest quarter, which ended Sept. 30. KFC led the…
Read MoreTodd Griffith Joins RPI Industries As Sales VP
Most recently with Marra Forni, Griffith brings more than 30 years of experience to the role. Medford, N.J.-based RPI Industries has appointed Todd Griffith as its vice president of sales. Griffith has a robust background in commercial culinary operations, specifically in healthcare, contract and corporate dining. “What sets him apart is his background in every…
Read MoreAtosa Announces Appointment of Chief Revenue Officer and More!
Foodservice equipment manufacturer Atosa USA will have several leadership changes kick in Jan. 1, 2024. The newly announced appointments are as follows: Jennifer Ward (pictured above) will take a new role as chief revenue officer. Ward, who has been with the manufacturer since 2018, currently serves as Atosa’s VP of sales. In her new position,…
Read MoreAlto-Shaam expands its Facilities
Alto-Shaam held a groundbreaking ceremony to kick-start the expansion of its U.S. headquarters and manufacturing facility. The manufacturer will add a state-of-the-art Innovation Center to its global headquarters and manufacturing facility. The 100,000-square-foot facility will include an R&D lab, alongside engineering, product management, shipping, and finished goods spaces. The center will connect to the existing…
Read MoreGolden Corral takes a step away from the buffet
The new fast-casual Homeward Kitchen concept is finally getting ready to open in December. Golden Corral is getting ready for its fast-casual debut. But that doesn’t mean it plans to move away from the buffet format. The company’s first Homeward Kitchen, a fast-casual spinoff that will not be a buffet, is scheduled to open in…
Read MoreWonder completes acquisition of Blue Apron for $103M
Customers can now order Blue Apron meal kits in Wonder’s app for pickup and delivery. Virtual food hall concept Wonder on Monday completed its acquisition of meal kit company Blue Apron for $103 million, or $13 a share. The deal takes the struggling Blue Apron private and gives Wonder a new revenue channel as it…
Read MoreWhy Burger King struggled, according to Patrick Doyle
The executive chairman of the chain’s parent company Restaurant Brands International said operators had too much risk, particularly on the balance sheet. Many Burger King operators had too much leverage, per Patrick Doyle. Burger King franchisees operated with too much risk, which when coupled with the “black swan” event in the pandemic proved to be…
Read MoreJoe & the Juice has a new majority owner
Investment firm General Atlantic has agreed to take majority stake of the global coffee, juice and sandwich chain with plans to expand franchising. Joe & the JuiceFounded in Copenhagen, the chain has about 360 units globally, including 70 in the U.S. The growing Joe & the Juice chain has a new majority owner. Investment firm…
Read MoreQu POS System lands investment
Qu, a cloud-based POS system for limited-service restaurants, has landed an investment from Enlightened Hospitality Investments (EHI), the fund run by Union Square Hospitality Group founder and Chairman Danny Meyer. Terms of the deal were not disclosed. It’s the 22nd investment for EHI, which focuses on restaurants and restaurant tech suppliers. Qu offers what it…
Read MoreGlobal Foodservice News – November 1, 2023 Edition
US Manufacturing output rises Solidly in September Reuters – Production at U.S. factories increased more than expected in September despite strikes in the automobile industry curbing motor vehicle output. This is further evidence that the economy exited the third quarter with momentum. Manufacturing output rose 0.4% last month, the Federal Reserve said on Tuesday. Data…
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