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Middleby Adds Liaison Between Its Brands And Consultant Community
The Middleby Corp. has hired Peter Cooper, formerly of Johnson & Wales University, as its new v.p.-business development, consultant and design services. Cooper is acting as a liaison between all of the Middleby brands and the design and consultant community. Prior to joining Middleby, Cooper spent six years as the executive director of culinary procurement…
Del Taco Strengthens Leadership Team
Del Taco has made four executive appointments. Two company veterans have been promoted: John Druse, named as v.p.-design and construction, and Mike Lucero, appointed v.p.-franchise development and real estate. Eric Grundmeier joins the Lake Forest, Calif., chain as v.p.-supply chain and quality assurance. He held a similar post at Qdoba Restaurant Corp. David Wetzel has…
Manitowoc Launches New Cuber Brand, Acquires Induction Component Maker
New brands and new acquisitions: It’s a busy month for Manitowoc Foodservice. The company announced Oct. 1 that it would launch a new line of cube-ice machines marketed and sold under the Koolaire brand name. The New Port Richey, Fla., manufacturer says Koolaire was designed and developed for price-driven customers who want basic features, as…
McDonald’s Scales Back Openings, Cap-Ex For 2014
Every penny counts: While McDonald’s Corp. managed to beat third-quarter earnings estimates by a penny—profits were up despite weak sales—the company is re-thinking its 2014 plans. The chain will be pushing back on opening new restaurants, particularly in China and other emerging markets. The company now expects to spend a total of $3 billion this…
Bloomin’ Brands Int’l. Appoints President
Bloomin’ Brands EVP Pat Murtha has been named president of Bloomin’ Brands International. Murtha will be responsible for helping define, develop and implement the international growth strategy for Bloomin’ Brands, and will be a member of the executive leadership team. Prior to joining Bloomin’ Brands, Murtha held leadership roles at Yum! Brands, where he spent…
Potbelly Revs Up For 2014
After a successful IPO in October, the Chicago-based Potbelly Sandwich Shop chain continued humming along in its fiscal third quarter when nine new shops opened, including eight company-operated units and one franchised store. Overall, 29 new Potbelly’s—all but four company-operated—opened during the first three fiscal quarters of 2013. The Chicago chain anticipates revving up its…
Growth In State And Local Tax Receipts Remains Very Moderate
Overall state tax revenues grew 2.7% in third quarter 2012 vs. the third quarter the year before, the 11th consecutive quarter of increases since the depths of the Great Recession, according to data from the Rockefeller Institute of Government, Albany, N.Y. Still, the rate of increase has declined for five consecutive quarters since peaking in…
Disposable Income Growth Forecast To Improve
Behind the latest round of forecasts from the 50 economic groups surveyed each month by Blue Chip Economic Indicators is a bit of good news for foodservice operators: Disposable personal income growth should begin to improve, beginning in the second quarter of this year and on an annual basis, growing 2.5% in 2014, the best…
Technomic Forecasts Moderating Operator Growth For 2013 And ’14
Growth of foodservice operator sales is expected to slow this year and pick up steam only slightly next year, according to new forecasts and revisions from Technomic Inc. The Chicago-based research firm trimmed its new forecast for the current year, released at the end of the NRA Show, to 3.8% from 3.9% in the firm’s…
Wholesale And Consumer Food Prices Moved Higher In June
Wholesale food prices rose in June, the Bureau of Labor Statistics reported July 12 in its monthly Producer Price Index release. Food prices at the so-called finished level were up 0.2%, while the increase at the intermediate level jumped 0.7%. At the earliest stage of processing, the crude level, prices fell 0.3%. (We usually also…
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