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Restaurant Traffic Was Flat In Second Quarter, Says NPD
We’ve been waiting for this one. The NPD Group reported that data from its ongoing CREST consumer research, the broadest industry measure of consumer foodservice activity, show traffic at U.S. restaurants in the second quarter 2016 was flat versus the same quarter last year. It was the second consecutive quarter of flat overall traffic. Visits…
Stero, Somat Add New Reps
Stero and Somat have added two new rep groups to manage sales for their warewashing and waste management brands. PBAC & Associates will represent Stero, Somat, Red Goat and Master Disposers in the New York and Northern New Jersey territory. Premier Marketing Group will represent Stero and Somat in the Michigan territory. Somat and Stero…
Cicis Gets New Parent
Cicis, the Texas-based pizza buffet concept, has been acquired by Arlon Group, a food and agriculture investment firm, in partnership with Cicis’ management team; CEO Darin Harris, will continue to guide the business. Since its founding in 1985, Cicis has grown to more than 440 restaurants in 33 states; only 41 stores are company-owned. Last…
Women’s Foodservice Forums Focusing On Leadership Potential
Later this month, the Women’s Foodservice Forum kicks off its Leadership Development Workshop North American Tour. The 12-city tour offers one-day, high-impact workshops centered on the theme, Unleash Your Leadership Potential. The events, open to working professionals in diverse industries, offer attendees necessary leadership skills—such as building networks, taking initiative, using influence and diplomacy, and…
Jimmy John’s Sandwiches Joins Up With Roark Capital
Roark Capital Group has acquired a majority stake in Jimmy John’s Sandwiches, adding a big name—and one of the nation’s fastest growing chains—to its growing list of restaurant concepts. Terms of the deal were not disclosed. The Champaign, Ill., chain’s founder, Jimmy John Liautaud, will remain chairman, and James North will remain president and CEO.…
Baja Fresh, La Salsa Fresh Acquired In $27M Deal
A few months after acquiring Kahala Brands, MTY Food Group is continuing to expand into the U.S. market. Last week, the Canadian firm unveiled an agreement to buy BF Acquisition Holdings, the owner of Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill. The Montreal-based operator will pay $27 million in cash for the…
Suzanne Supplee Joins Specifi Advisory Board
Specifi LLC, the Chicago-based software design program for the foodservice industry, has named Suzanne Supplee to its advisory board. Supplee recently completed a short-term assignment for Specifi, organizing the North American sales organization and designing the company’s sales and marketing strategy. She currently runs her own consulting organization. “Suzanne brings a wealth of knowledge and…
Wetzel’s Pretzels Sells Majority Stake
The 310-unit Wetzel’s Pretzels snack chain was acquired September 8 by Dallas-based private-equity firm CenterOak Partners. The chain’s previous owners Leichtman Capital Partners exited after holding a majority stake for nine years. Details of the transaction were not disclosed. Wetzel’s CEO, Bill Phelps, will remain in his current role; co-founder Rick Wetzel, who focuses his day-to-day…
E&S Manufacturers Boosted List Prices 4% The Past Year, AutoQuotes Data Show
One feature of FER‘s annual E&S market forecast, unveiled August 9 at the magazine’s President’s Preview E&S Market Forecast meeting, is detailed data on manufacturer list pricing trends from AutoQuotes Inc. The data this year shows equipment and supplies manufacturers were more aggressive with price increases in the year ended June 30, 2016 than in…
Montreal’s QSR Restrictions Get Court Challenge
Months after adopting legislation to encourage healthier lifestyles for residents—in part by restricting QSRs to just three areas—Montreal’s Notre-Dame-de-Grâce council is being taken to court by Restaurants Canada on the grounds that it didn’t have the authority to have passed the new rules. The Toronto-based association calls the new regulations arbitrary and says they will…
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