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Caribou Coffee Goes Private
A private-equity firm that already holds a majority stake in Peet’s Coffee & Tea has acquired Caribou Coffee Co., the nation’s second-largest company-owned coffeehouse chain. The Joh. A. Benckiser Group (JAB) announced a definitive merger agreement under which an affiliate of JAB will acquire Caribou for approximately $340 million. Caribou will remain based in Minneapolis…
Indy-Based Design Group Rebrands Itself
Reitano Design Group is the new and more memorable moniker for Foodservice Solution Group. The foodservice design and consulting firm is helmed by Scott Reitano, along with Jim Kessenich and Julie Sullivan. The address and phone number remain unchanged at 748 E. Bates St., Ste. 200, Indianapolis, Ind., 46202. The firm’s renaming process can be…
E&S Personnel Moves:
Bon Chef has appointed Jeremy Mottola as its new v.p. of U.S. sales. Prior to his promotion, Mottola was growing market share for the Lafayette, N.J., company as v.p.-eastern regional and international sales. In his new post, he will oversee all sales of Bon Chef’s line of flatware, servingware, buffet equipment and custom millwork products…
Burger King Announces Management Shifts
Leadership change at Burger King is being fueled by its equity firm parent’s acquisition activity. Burger King Worldwide CEO Bernardo Hees is leaving the company to become CEO at H.J. Heinz Co., which parent company 3G Capital is in the process of acquiring. The chain’s CFO Daniel Schwartz will take over the chief executive role…
Grilled Menu, Unit Redesign Power Captain D’s Sales
Same-store sales continue to rise at Nashville-based
Chipotle’s ShopHouse Getting Bigger In L.A., D.C.
It’s a four-unit rollout for Chipotle Mexican Grill’s
ITW/FEG Acquires Chinese Brand
One of the country’s largest foodservice equipment manufacturers has acquired one of its counterparts in China, providing it access to the world’s largest consumer market. Illinois Tool Works announced July 3 that it has purchased Gold Pattern Holdings, the owner of Vesta Catering Co., which sells Western-style cooking equipment under the brand name, Justa. Financial…
Mooyah Targets North Carolina
The Dallas-based fast-casual burger chain is taking its hometown expansion strategy to North Carolina. Mooyah plans to follow up this year’s planned flagship restaurant opening in Charlotte and expand its brand to Raleigh and Greensboro and other surrounding areas. The chain previously used this development strategy to establish 22 restaurants in the Dallas area. Mooyah,…
CaliBurger Grows Its Base In China
The California-style burger chain that isn’t based in California continues its global expansion. Shanghai-based CaliBurger has signed a franchise deal with shopping mall operator Dashang Group to open 50 CaliBurger and Cali Express units in China over the next three years. The first site will be a flagship CaliBurger at Dashang’s headquarters in Dalain. The…
Piada Gets Cash Infusion For Expansion
Piada Italian Street Food, a 14-unit fast-casual chain, often called the Italian version of Chipotle Mexican Grill, has received a “significant investment” from private-equity firm Catterton Partners earmarked for continued growth. The Columbus, Ohio-based Piada will open six more restaurants by the end of 2013 and will begin a “significant national expansion throughout 2014 and…
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