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To Russia with love: Wendy’s/Arby’s Int’l., a subsidiary of Wendy’s/Arby’s Group, has announced the signing of a major agreement with Wenrus Restaurant Group Ltd. to build 180 dual-branded Wendy’s/Arby’s restaurants in Russia over the next 10 years. Headquartered in Moscow, WRG is affiliated with Food Service Capital, which currently operates 28 restaurants, including Goodman Steak…

The Edlund Co., a leading maker of commercial foodservice equipment and smallwares, has been acquired by Ali Group, joining the Italian company’s large stable of foodservice equipment manufacturers. The acquisition was publicly announced Sept. 30. According to Edlund Pres. Peter Nordell, there will be no visible changes at the company, which will remain based in…

For all suppliers and service providers, here’s some real news to share with operator customers. The North American Association of Food Equipment Manufacturers wants everyone to make operators aware that they might be eligible for The NAFEM Show’s scholarship program, which offers free show registration and up to $500 for travel expenses. Operators must meet…

With its corporate parent riding high after a strong third quarter, Yum! Restaurants India has announced plans to more than triple the number of eateries it operates across India to 1,000 by 2015. Niren Chaudhary, managing director for the division, announced the $100 million rollout to reporters at the India Economic Summit earlier this month.…

You only have this week to register for Foodservice Equipment Reports annual President’s Preview E&S Market Forecast meeting. The day-long event is set for Wednesday, Aug. 4 at the Hotel Orrington, in Evanston, Ill. The meeting offers senior manufacturing executives, dealers, multiunit operators and others interested in E&S trends an in-depth analysis and forecast of…

The baby boomers strike again. NPD Group expects foodservice traffic to grow less than 1%, as baby boomers age and dine out less frequently over the next 10 years. Projected traffic growth will trail overall population growth, which is forecast at about 1.1%. “The aging effect on the restaurant industry will be slightly negative because…

The U.S. economy managed 2% real growth of gross domestic product in the third quarter, according to the advance estimate from the federal Bureau of Economic Analysis, a division of the Commerce Department, released last Friday. While the rate of growth is higher than the paltry 1.7% rise in real GDP in the second quarter,…