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Freshii Eyes Big Growth
The health-focused fast-casual chain Freshii will open three Chicago-area restaurants in the next three months, continuing a fast-paced expansion that could bring to 30 the number of local locations by the end of the year. There are 18 Freshii outlets in the Chicago area now. The 10-year-old Toronto-based chain hopes to open 120 stores this…
Chick-fil-A To Hit Manhattan
Chick-fil-A is making good on its vow of “urbanization” and will debut its first New York franchise this summer. The privately owned chain will open a 5,000-sq.-ft. store on Sixth Avenue, not far from the Empire State Building. The unit joins a small Chick-fil-A that has operated for years on the campus of New York…
KFC: 14,000+, Super Chix: 2
While cautioning that it remains an “exploratory concept,” Yum! Brands will open its second Super Chix restaurant in Dallas later this month. The new outlet comes a year after the concept debuted in Arlington, Texas, with a simple menu of chicken sandwiches, chicken tenders, hand-cut fries, salads and frozen custards. Super Chix’ modern, fast-casual design…
NAFEM Recognizes Jaffee, Angrick And 50 Doctorate Honorees
Two former NAFEM presidents, each boasting a career spanning more than 30 years in the E&S industry, were honored by the association with its top awards during The NAFEM Show in February. Keith Jaffee, CFSP, President of Chicago-based O2COOL, received NAFEM’s highest honor, the William W. Carpenter Award. The award is given to a foodservice…
Franklin Machine Products Acquires Duraparts
In a move that expands its portfolio of foodservice repair parts and accessories for chain restaurants and their associated franchisees, Franklin Machine Products has acquired Duraparts, the chain-focused distributor of foodservice parts and accessories. “Our customers will benefit through significant scale advantages in product expansion and purchasing synergies,” stated Frank Gannon, Owner of Greer, S.C.-based…
Eisenbarth Succeeds Farrand At Cini-Little
Two major appointments have been made at Cini-Little Int’l., the foodservice consulting firm. Richard Eisenbarth, FCSI, has been named President and COO, succeeding Theodore Farrand, FCSI, who assumes a new post as Director of Management Advisory Services. Both promotions were announced late last month by Cini-Little Chairman Bill Eaton, FFCSI, who praised the skills of…
Consumer Confidence Remained Strong In March
In spite of a small retreat in March, attributable mostly to harsh winter weather, consumer confidence for the first quarter of 2015 averaged 95.5, its strongest reading since 2004, according to the University of Michigan Surveys of Consumers. The UM Consumer Sentiment Index was 93 in the final March reading, down slightly from 95.4 at…
Slumping Crude Pushes Gas Prices Lower Again; Menu Prices Continue to Rise
Just when it seemed the drop in gasoline prices had reversed itself, another drop in prices for crude oil has pushed gas prices down again. Crude oil prices reached a 6-year low in mid-March and have remained flat or lower since. According to data from the AAA Fuel Gauge Report, the average price for a…
U.K. Foodservice Posting Healthy Growth
As in the U.S., positive employment trends and low inflation in the U.K. are helping foodservice record the strongest growth since before the Great Recession, according to Horizons, a London-based foodservice research firm. Speaking at the firm’s Annual Briefing March 10, Horizons Managing Director Peter Backman said nominal foodservice growth for 2014 was 3.8% with…
Public E&S Companies Growth Slowed In Fourth Quarter, Rose 5.5% For All 2014
Pulled down by a very weak quarter from Manitowoc Foodservice, eight publicly reporting equipment and supplies companies saw combined revenue growth slow to 2.9% in the fourth quarter of 2014 vs. the same quarter in 2013. It was the slowest quarter since the third quarter 2012 and follows four consecutive quarters during which growth exceeded…
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