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NPD: Restaurant Counts, Traffic Down 1% In 2010
The foodservice recession continues to impact operators—especially independents who lack the resources to compete with chains. A new report from the NPD Group said the number of U.S. restaurants fell 5,551 in net terms, or less than 1%, for the year ending Sept. 30, 2010. The Port Washington, N.Y.-based research firm also reported that restaurant…
Cheesecake Factory Goes Global
In its first international expansion, The Cheesecake Factory has inked an exclusive licensing agreement with the Alshaya group of companies to build and operate restaurants in the Middle East. The agreement with the Kuwait company covers the development of 22 restaurants over the next five years in Bahrain, Kuwait, Qatar, Saudi Arabia and the United…
Wendy’s Ponders Arby’s Sale, Signs Argentina Deal
Wendy’s/Arby’s Group is exploring strategic alternatives, including possible sale, for the 3,700-unit Arby’s chain. The Atlanta-based company says that selling the Arby’s chain would help provide capital for reinvestments at Wendy’s, including new breakfast and burger lines, restaurant remodels, a new store prototype and international growth. On that point, the company hopes to expand Wendy’s…
Gordon Oates Sr., Patriarch Of Vulcan-Hart, Passes
Gordon Oates Sr., one of the founding fathers of the modern foodservice equipment industry and a 38-year veteran of Vulcan-Hart Corp., has died. He was 86. Oates, a cofounder of the North American Association of Food Equipment Manufacturers, spent his industry career dedicated to Vulcan-Hart. He joined the manufacturer in 1955 as sales manager and…
Hooters Sells To Investor Group
Hooters of America will answer to a new parent. In a transaction ending nearly three decades of family ownership, a group of private investors has bought the Atlanta-based restaurant chain from the estate of Robert Brooks. The transaction gives a consortium of private investors headed by Chanticleer Holdings ownership of nearly half of domestic Hooters…
Vulcan Adds TEC’S Searmaster To Product Line
Vulcan, Baltimore, Md., will be expanding its product line with the TEC Searmaster Charbroiler line. Vulcan’s parent, ITW Food Equipment Group North America, has acquired parts of the commercial business of Thermal Engineering Corp. As part of the acquisition, Vulcan will own the exclusive rights to TEC’s infrared cooking technology and a license to sell…
Cooper-Atkins Updates ISO
Cooper-Atkins has announced its reassessment to ISO 9001:2008. The Middlefield, Conn., company has been an ISO 9001 manufacturing facility since 1999. The reassessment certifies them to the current 2008 revision of the international quality-management system, which utilizes a customer-focused process approach for continual improvement in products, services and customer satisfaction.
Gasoline Price Hikes Threaten Foodservice Recovery
Just as consumers are starting to return to foodservice, a steep run-up in energy prices, including for gasoline, threatens to undercut the momentum. Oil prices surpassed $100 a barrel late last week, before falling back on news that the Saudis would raise output. But concerns about the stability of oil-producing regimes in the Middle East,…
NSF Int’l. Opens Shanghai Testing Lab
The National Sanitation Foundation Int’l. has opened a testing laboratory in Shanghai which includes foodservice equipment testing and on-site training in various areas, including food safety. Officially known as the NSF Shanghai Testing Technology Co., the facility complements NSF’s existing certification services in China, to provide companies sourcing from Asia independent, third-party testing and certification.…
Cheeseburger Law, Redux
Grills and heat lamps will still find work, even in the face of a Minnesota proposal dubbed the "Cheeseburger Bill," which would prohibit lawsuits against food makers and sellers by people who gain weight. The Personal Responsibility in Food Consumption Act was approved late last month by a Minnesota House committee. The bill, which deals…
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