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TGI Fridays Sells U.K. Franchise To Equity Group
In the latest private equity buyout in Britain’s restaurant sector, the casual-dining chain TGI Fridays has sold its U.K. franchise business to Electra Partners. Texas-based TGI Fridays, itself sold last year to investment firms Sentinel Capital Partners and TriArtisan Capital Partners, operates 66 venues in Britain; it has more than 900 restaurants in 60 countries.…
LoLo Honors 2014’s Top Distributor And Sales Rep
LoLo, the Byram, Miss., maker of steamers, tilting skillets, kettles, and countertop cooking equipment, has recognized two distributors for outstanding performance in 2014. Chernoff Sales has been named LoLo’s 2014 Distributor of the Year. Chernoff, based in Fort Lauderdale, Fla., covers the entire state of Florida for LoLo. “Chernoff has what some of our other…
Just Falafel Rebrands As JF Street Food
Just Falafel is going for a new look and back-to-basics menu to match its new identity as JF Street Food. The UAE-based quick-serve chain announced at the end of 2014 that it would rebrand itself in an effort to boost its sales and operations. The company also has launched a global design competition to redo…
TriMark Gill Names Regional V.P. For Western Region
Chris Anderson has been named regional vice president of TriMark Gill Group’s Western region. He will oversee the Hamilton, Mont., branch’s project management and coordination, build relationships with existing clients, and develop connections with new businesses. Anderson previously worked as a senior estimator for TriMark Gill Group, where he oversaw estimating and design-build coordination. He…
Ali Group Taps New EVP
Kevin Fink has been named executive v.p. of the Ali Group. He will relocate from Denver, where he has been president of Ice-O-Matic, to join Ali’s corporate team in Milan. Beginning March 2, Fink will report to Massimo Giussani, COO, Ali Group, and assist in the group’s overall support, control and development initiatives of its 76 brands;…
Standex Food Service Gets New President
Standex International Corp. announced on Jan. 26 that it had appointed Anne De Greef-Safft as group president-
Grupo Nutresa Buys Colombia’s Biggest Quick-Serve Chain
Grupo Nutresa SA, the Colombian food industry conglomerate that has made at least 18 acquisitions since 2000, has paid US$384 million to buy the country’s largest quick-serve chain, El Corral. The Bogota-based burger chain, controlled by Aldage Inc., has 340 outlets, including freestanding, c-stores and mall units; it also has a better-burger offshoot known as…
Join FER Feb. 20 For The 2015 Industry Excellence Awards
Chains Chick-fil-A and Smashburger, dealers Hockenbergs and Rapids Wholesale Equipment, and 13 other organizations and individuals will be honored Friday, Feb. 20 during Foodservice Equipment Reports biennial Industry Excellence Awards Gala. The event will take place Friday night during The NAFEM Show at the Anaheim Marriott Hotel. Everyone in the foodservice equipment and supplies industry…
Middleby Acquires Australian, Italian Equipment Makers
The Middleby Corp. closed 2014 with a bang, acquiring companies on two continents. On Dec. 22, the U.S.-based Middleby announced its acquisition of Desmon Food Service Equipment Co., a Nusco, Italy, manufacturer of chilling and freezing equipment with annual revenues of approximately $15 million. Its products include commercial blast chillers and refrigeration products. Middleby followed…
A Traffic Gain That Bodes Well For Dealers
As most of you know, I get excited by “fun with numbers.” I’ve been reporting and analyzing economic and foodservice trend data for so long (since 1978!), that I am seldom surprised by anything. Last week, I saw some really surprising and fun numbers, so fun I want to share them with you. You’ll like…
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