Global Foodservice News
Grubhub Launches Guarantee for on-Time Food Delivery and Lowest Price
With the ink dry on new ownership by Just Eat Takeaway, Grubhub on Monday took a shot at the competition by launching a new guarantee promising consumers on-time delivery at the lowest delivery price, or the diner will receive perks for free food. Calling it the Grubhub Guarantee, the Chicago-based delivery provider said the promise…
Read MoreRibs Chain Tony Roma’s has New Owner with Plans for Growth
Hoping to become the world’s leading American rib brand, the parent of Tony Roma’s on Tuesday announced it has been acquired by Equity Investors of New England Inc. Terms were not disclosed. In addition, Orlando, Fla.-based Romacorp Inc. named Ramon Bourgeois to the role of chief operating officer and acting CEO. Bourgeois is an industry…
Read MoreFamous Dave’s Parent Company will Nearly Double in Size with Planned Acquisitions
In June, Famous Dave’s BBQ parent company BBQ Holdings announced its intention to acquire VIBSQ Holdco LLC, the parent of Village Inn and Bakers Square, for around $13.5 million, with the deal expected to go through by the end of July. With this deal, one year after the acquisitions of Granite City and Real Urban…
Read MoreRuby Tuesday Brings Virtual Concept to In-Store Menu
Ruby Tuesday announced the addition of Libby’s BBQ with a new feature menu this summer. Originally crafted in the Ruby Tuesday kitchen as a delivery-only concept, Libby’s BBQ offers smoky, tender, saucy BBQ entrees and is now available to order at all Ruby Tuesday locations for dine-in, Ruby TueGO and delivery for a limited time…
Read MoreWhere the Restaurant Recovery Goes from Here
A bipartisan group in Congress continues to chase $60 billion in further restaurant aid. A dozen senators and 150 House members sponsored legislation this week to replenish the Restaurant Revitalization Fund, which has faced its share of heat in recent days. The grant program rescinded nearly 3,000 minority- and women-owned applications due to a federal…
Read MoreTaco Cabana Sold to YTC Enterprises
Taco Cabana was sold to YTC Enterprises, an affiliate of Yadav Enterprises, Inc., a Jack in the Box, El Pollo Loco, and Denny’s franchisee. Fiesta Restaurant Group is selling fast-casual Mexican restaurant Taco Cabana to YTC Enterprises, an affiliate of 400-unit, Jack in the Box, El Pollo Loco, and Denny’s franchisee, Yadav Enterprises, Inc. for…
Read MoreRed Lobster Names Kelli Valade as CEO
Kim Lopdrup’s successor joins a casual-dining seafood brand from Black Box Intelligence Red Lobster has named Kelli Valade as CEO to succeed Kim Lopdrup, who plans to retire, the company said Thursday. The Orlando, Fla.-based casual-dining company said Valade, who had served as president and CEO of Dallas-based Black Box Intelligence since 2019, will assume…
Read MoreKrispy Kreme Shares Pop in its Second Public Debut
The doughnut chain began trading Thursday and opened at $16.30 per share, which is about 4% below its initial public offering at $17. Since then, shares rebounded and closed nearly 25% higher on its first day of trading. However, the company’s initial public offering was well below what the company was hoping for — $21…
Read MoreLogan’s Roadhouse Parent to Buy J. Alexander’s for $220 Million
SPB Hospitality, the parent of Logan’s Roadhouse and Old Chicago, announced Friday that it will spend $220 million to acquire J. Alexander’s Holdings. The company is buying the fine-dining brand at $14 per share, which is a 14 percent premium over its closing price on July 1. The transaction is expected to close early in…
Read More8 Ways To Be A Leader That Employees Want To Follow
Being a leader doesn’t mean bossing people around. As a leader, you’re responsible for motivating, educating, and making sure your employees add value to your organization. This requires you to connect with your team, to create an environment that encourages creativity, to understand your own strengths and weaknesses as well as your teams, and accept…
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