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Wendy’s Changes Name, Completes Arby’s Sale
Independence Day brought completion of Wendy’s/Arby’s Group’s sale of Arby’s Restaurant Group to affiliates of Roark Capital Group and a new moniker for the burger chain: The Wendy’s Company. Under the $430 million deal, effective July 4, Wendy’s retains an 18.5% ownership of Arby’s. The majority sale to Roark gives the private equity firm ownership…
So Where Are Gas Prices Now?
Gas prices have continued to fall since early May, when the national average neared $4 a gallon. According to the latest read from the Energy Information Administration covering the week ended July 4, prices averaged $3.579 or more than 40 cents a gallon less than early May. Still, average prices remain more than 85 cents…
Leer Names National Sales, Customer Service Managers
Sheila Palinkas has joined Leer Inc. USA as national sales manager. The New Lisbon, Wis., company manufactures walk-in coolers and freezers under the Leer and Carroll Cooler brands. Prior to joining Leer, Palinkas was director of specialty markets at W.A. Brown. In addition, Leer has named Patrick McNeely as customer service manager; he’ll manage the…
Consumers More Cautious This Spring, Says Technomic Study
One of the reasons Technomic cut its forecast for operator sales in May is because its consumer research showed a distinct deterioration of consumer confidence and expectations in April, as well as dining out intentions, as compared with last December. The firm presented those findings at its annual Restaurant Trends & Directions Conference, held June…
UNIT DESIGN: Mama Fu’s Woks And Rolls
Mama Fu’s finds good fortune—and new growth—with a new, smaller prototype that chops building costs by 10% and keeps store revenues healthy.
SPECIAL REPORT: Fryin’ Faster, Better, More Efficient
Less energy, less oil, more safety—what’s not to like?
SPECIAL REPORT: Fryer Gallery
Welcome to this month’s roundup featuring the latest innovations in frying.
SINGER EQUIPMENT ACQUIRES M. TUCKER
Singer Equipment Co., one of the country’s largest E&S distributors, has acquired the assets of M. Tucker, the leading dealer in the greater New York City market. The Elverson, Pa., company’s acquisition, announced June 17, expands Singer’s full distribution and market coverage from Connecticut to Maryland. Paterson, N.J.-based M. Tucker offers foodservice equipment, tabletop, disposables…
HATCO APPOINTS DEALER SALES, BIZ DEVELOPMENT MANAGERS
Two major appointments have been announced at Hatco Corp. Mark Pumphret will join the Milwaukee manufacturer as dealer sales manager on Dec. 1, with responsibility for furthering Hatco’s sales efforts within the dealer community. He will work closely with the firm’s domestic sales team and rep community, and will call on dealers, end-users and consultants.…
TINSLEY TAKES CEO REINS AT GRINDMASTER-CECILWARE
Michael Tinsley has been named CEO at Grindmaster-Cecilware Corp. in Louisville, Ky. Tinsley, most recently CEO of Permian Holdings, spent much of his early career in the foodservice equipment industry, including executive posts at American Metal Ware and H&K Int’l. During that time, he was a member of the NAFEM board. In addition to its…
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