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Landry’s Buys Mastro’s, Upscale Steak And Seafood Chain
Landry’s Inc. has acquired Mastro’s Restaurants LLC, a high-end steak and seafood chain. The 10-unit chain, based in Woodland Hills, Calif., includes two main concepts: Mastro’s Steakhouse and Mastro’s Ocean Club. Mastro’s has five sites in California, three in Arizona, one each in Chicago and Las Vegas. The upscale Mastro’s Ocean Club has units in…
New Post For Kitchen Brains’ Koether
Kitchen Brains has appointed company veteran George Koether as chief strategy officer to bring additional focus to its external development agenda, including strategic alliances, partnerships and acquisitions. “In his new position, George will work with me in assessing and executing our external growth opportunities. Evidence of his effectiveness was the important role he played in…
Johnson-Lancaster Expands to New Corporate Facility
Johnson-Lancaster and Associates has relocated its corporate headquarters to 13031 U.S. Hwy. 19N, Clearwater, FL 33764. Johnson-Lancaster’s contact information, including phone, fax and email has not changed. The move to the 70,000-sq.-ft. facility in Pinellas County provides the fast-growing dealer with an additional 50,000 sq. ft. of space. “In the new facility, we have been…
Unified Brands Promotes Campise To National Sales Post, Plans Corporate Move To Atlanta
Big news keeps rolling out at Unified Brands. George Campise has been promoted by the company to the newly created position of national sales director. Campise, who had been eastern sales director, now will be responsible for overseeing the development and sales of Unified’s core business within the rep and dealer communities for the Groen,…
Cornelius Gets New Parent: Berkshire Hathaway’s Marmon Group
IMI is selling its beverage dispensing and merchandising businesses, including 82-year-old Cornelius, to the Berkshire Hathaway-owned Marmon Group. The Glendale Heights, Ill.-based Cornelius, which makes valves and dispensers and other parts for beer, juice, soft-drink and frozen-drink equipment, accounts for about 14% of IMI’s overall revenue. In addition to Cornelius, the $1.1 billion sale includes…
Burger King Opens First Restaurant In Southwest China
Burger King, which first entered China in 2005, is expanding into the country’s southwestern market. In August, it opened its first restaurant in Chengdu, Sichuan province, marking the chain’s first outlet in southwestern China and a crucial first step for Burger King’s development across the region. Over the next five years, the Miami, Fla., chain…
Unified Brands Taps Sales Chiefs For Eastern U.S.
Two regional posts have been filled at Unified Brands. The Jackson, Miss., company has promoted Dan Monfort to regional sales manager-northeast, and hired Bryan Spencer for the same post, overseeing the southeast. Both Monfort and Spencer will manage the local representatives for Unified’s core business in the eastern United States and maintain and develop relationships…
NRA’s RPI Fell Again In December, But Cap-Ex Measures Jumped
Steep declines in the indicators for current same-store sales and traffic pushed the National Restaurant Association’s Restaurant Performance Index lower in December. But the two markers that track operator capital spending posted strong gains and all the other indicators rose or were flat. Still, the overall index stood at 99.7, the third month the index…
Special Report: FER Revises 2012 and ’13 E&S Market Forecasts
Better than expected fourth-quarter 2012 results and a distinct softening of foodservice operator sales in the first quarter of 2013 has prompted Foodservice Equipment Reports to revise its forecasts of the foodservice equipment and supplies market. With the seven publicly reporting E&S companies posting 3% sales growth in the fourth quarter and the MAFSI Barometer,…
Independents Grew Faster Than Big Chains Last Year, Reports Technomic
It’s been a rule of U.S. foodservice for decades that chain restaurant operators grow faster than independents. And big chains—those with more than 500 units, which tend to be big quick-service brands—appear to remain dominant in terms of traffic and sales growth. But new data from Technomic Inc.’s just released annual Top 500 Report and…
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