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Tax Worries Of Wealthy Push Down Mid-Month Consumer Sentiment Reading
According to Technomic Inc., the wealthiest 25% of households in the U.S. account for nearly 50% of all foodservice spending. Their cutbacks during The Great Recession have severely stressed many foodservice concepts, particularly those at the higher end. In this light, the preliminary reading on consumer sentiment from the Thomson Reuters/University of Michigan Surveys of…
Special Report On Materials And E&S Pricing: Manufacturers, Operators Face Quandary Over Price Increases
With prices for key metals and other commodities running 25% to 35% higher than a year ago, many suppliers of foodservice equipment and supplies have told FER Fortnightly they want to or will raise prices late this year and early next. (See related stories below). Whether they will be able to push through the increases…
Walk Through The Regulated Restaurant
Experience and the bottom line tell you that government decisions and local legislation touch every aspect of a foodservice operation. So it’s critical for operators and suppliers to understand issues which can range from traceability in food safety to the impact of sodium limits. The National Restaurant Association is simplifying it all with a virtual…
NRA Urges Congress To Eliminate New 1099 Mandate
Whether or not you like checking off boxes and crunching numbers, more of it is likely heading your way. The long-debated small business aid bill passed in the Senate last week includes newly expanded 1099 tax-form reporting mandates, which the National Restaurant Association says creates a significant burden for restaurants and associated businesses. Beginning in…
Toy Bans, “Healthy” Food Laws Hits The Books In California
From our always busy file on California regulations comes the widely discussed news that San Francisco has officially banned toys from meals that contain more than predetermined, so-called “healthy” levels of calories, sugar and fat. The veto-proof vote by the city’s Board of Supervisors echoes a similar ban enacted earlier this year in Santa Clara…
WENDY’S/ARBY’S
Hala Moddelmog, who started her business career at Arby’s, has rejoined WENDY’S/ARBY’S as president of Arby’s Restaurant Group. Moddelmog most recently served as president of Susan G. Komen for the Cure, and as CEO of consulting firm Catalytic Ventures. Prior to that she led Church’s Chicken as its president. Moddelmog launched her foodservice career in…
Standex Buys Tri-Star
Standex Int’l. has acquired Tri-Star Manufacturing Co., the Santa Ana, Calif., maker of ranges, fryers, griddles, convection ovens, salamanders, charbroilers and hot plates. The acquisition boosts Standex Food Service Equipment Group’s strategic goal of offering a broader cooking line and entering the freestanding range market, according to Standex Pres. and CEO Roger Fix. "The Tri-Star…
NRA Launches Healthcare Alliance
The National Restaurant Association has created a new alliance with one of the country’s largest healthcare companies to provide easier access to coverage and related products and services for its membership. In partnership with United Healthcare, the NRA is launching the Restaurant Health Care Alliance to provide restaurant owners and employees easier access to cost-effective,…
Max & Erma’s Restaurants
New owners for Max & Erma’s: Denver-based Newport Fidelity Holdings has acquired the Columbus, Ohio, casual-dining chain, which filed for Chapter 11 bankruptcy protection last fall. Newport Fidelity, parent of Village Inn and Bakers Square family-dining brands, acquired Max & Erma’s for $28 million. The deal included leases for at least 51 corporate restaurants, 26…
NAME THAT BIRD: SCHWEPPE MASCOT SEEKS NEW MONIKER
Chef Saver, the mascot at Schweppe Inc., is getting a new moniker. The Lombard, Ill., dealer has opened up a naming contest to update the inanimate green bird’s name. “I like the mascot,” said company Pres. Jeff Schweppe. “It’s just the name that needs some freshening.” Unacceptable names include clichés such “Crackers,” anything gender-specific, or…
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