Global Foodservice News
How to Use Performance Reviews to Motivate Employees
When was the last time you left a conversation feeling actually, completely motivated? Like your goals and priorities have been put into focus, your synapses are firing, and you’re excited to get to work? Got it? Okay. Now, when was the last time you felt that way after a performance review? It’s no secret that…
Read MoreCommunity Connections Help Independent Restaurants Stay Afloat Amid Pandemic
A massive surge in off-premises dining has allowed some restaurants to stay in business, but for many, the transition has been arduous and the future is uncertain. Rather than set unrealistic goals of returning to business as usual, restaurateurs would be wise to focus on making off-premises sales a sustainable part of their business for…
Read MoreDunkin’ Partners with Farmer’s Fridge to Bring New Grab-N-Go Option for Customers
In its first partnership with a restaurant brand, Farmer’s Fridge, the fresh vending company, is testing some of its salads, bowls, and breakfast items at select Dunkin’ locations. The pilot program is taking place at six Dunkin’ stores at which a limited selection of items is on offer behind the counter. Eventually, they will be…
Read MoreCarl’s Jr., Hardee’s Parent Hires two New Execs
Two foodservice veterans are joining CKE Restaurant Holdings, Inc., the parent company of Carl’s Jr. and Hardee’s. Lance Tucker has been named chief financial officer, and Phil Crawford has been appointed chief technology officer. “We are excited to build on the strength of our current management team with the addition of these two exceptional hires,”…
Read MoreTGI Fridays Taps Industry vet as New CFO
Aslam Khan has been named chief executive officer of TGI Fridays. He succeeds John Antioco, who has served as interim CEO since Robert Palleschi left the company late last year. Mr. Khan is the founder and chairman of the multi-brand franchise company Falcon Holdings L.L.C., which he founded in partnership with Sentinel Capital Partners, a…
Read MoreRed Robin Taps Restaurant Industry Vet as New CFO
Lynn Schweinfurth succeeds Guy Constant, who will move to the role of executive vice-president and chief operating officer. In her new role, Ms. Schweinfurth will be responsible for leading all financial disciplines at Red Robin, including accounting, operations analysis, strategic and financial planning, treasury, investor relations, and overseeing the company’s supply chain. Ms. Schweinfurth joins…
Read MoreRestaurant Industry Continues Slow Recovery as States Reopen
As more states lifted bans on on-premises dining, transactions at major US restaurant chains continued to improve in the week ended May 17, down 21% from the prior-year period, registering a small gain from a 23% decline the week before and marking the fifth consecutive week of improvement, according to The NPD Group. Major quick-service…
Read MoreSysco Sees Restaurant Recovery Accelerating
More than 17% of restaurants closed permanently or long-term in 2020, according to the National Restaurant Association. Sysco has worked with the organization to lobby for restaurant relief and guide operators through the process of applying for aid. “We were the first to offer educational webinars to our independent customers on how they can access…
Read MoreCracker Barrel’s Revitalized Menu Marries Tradition and Innovation
Cracker Barrel’s culture is rooted in heritage, but that doesn’t mean tradition can’t be reimagined. The commitment to innovation was on full display in 2020 as the 663-unit brand released a revamped dinner menu, diversified its family meal deals, and introduced alcohol for the first time in its 51-year history. Cammie Spillyards-Schaefer, vice president of…
Read MoreRestaurants and Hotels Draw $18B in PPP Loans, the Highest in any Industry
Restaurants and hotels have landed more than $18 billion in loans under the current version of the Paycheck Protection Program (PPP), or 18% of all the dollars okayed to date, making the hospitality industry the leading borrower by a considerable margin. Data released by the U.S. Small Business Administration (SBA), the administrator of the PPP,…
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