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Sysco Wraps Up Brakes Group Buy
On July 5, Texas-based Sysco Corp. completed its US$3.1 billion acquisition of the London-based foodservice distributor, Brakes Group. Combined, the companies’ annualized sales are pegged at US$55 billion. Brakes Group CEO Ken McMeikan will continue serving in his position. Sysco expected the acquisition to be finalized sometime in July after receiving the go-ahead from the European Commission, which on June…
Kalaha And Its 18 Brands Acquired By Canada’s MTY
In a transaction estimated at US$300 million, Canada’s MTY Food Group has acquired Kahala Brands, the Arizona parent of Cold Stone Creamery and 17 other brands, including Blimpie, Pinkberry, Samurai Sam’s and Taco Time. Kahala franchises and operates more than 3,000 stores in 34 countries. MTY Food Group, which operates more than 2,700 foodservice outlet and…
Germany’s JAB Adds Krispy Kreme To Coffee Empire
It was a sweet takeover for Krispy Kreme Doughnuts when JAB Holding Co., the German conglomerate and owner of bagel, coffee and tea brands announced in May that its JAB Beech subsidiary is purchasing the 1,121-unit chain for US$1.35 billion. In the past few years, JAB has grown its stake in American chains by acquiring Einstein…
Angelo Po Acquired By Marmon Group
Angelo Po, the Italian foodservice/catering equipment maker, was acquired in June by Marmon Italia, Parent company Marmon Holdings, a Berkshire Hathaway company, purchased 100% of the Italian company from owners Rossella Po, Alessandro Po, and Livio Gialdini. The acquisition creates technological, production and commercial synergies for both companies. The 94-year-old, Modena-based Angelo Po manufactures a…
American Roundup: Seven Chains With Offshore Openings
Arby’s is planning 25 locations in Kuwait and Saudi Arabia over the next seven years, marking its first international expansion since 2010. The new restaurants will sell chicken items and substitute pork bacon with beef bacon. The sandwich chain’s first Kuwait unit will open this year. About 96% of Arby’s 3,322 restaurants are in the…
Italy’s HOST 2017 Sets Early Pace For Growth
There’s another year until HOST 2017 – Fiera Milano, but more than 800 companies have already reserved exhibit space for the October 20-24, 2017 event. When the 40th International Hospitality Exhibition opens its doors, it will occupy 16 pavilions, two more than the previous edition, to cover the entire ground floor of the exhibition center.…
Famous Brands Plans UK Drive to Diversify From Rand
South Africa’s Famous Brands Ltd. is planning further expansion in the United Kingdom for its Debonairs Pizza and Steers quick-service chains. The company is seeking increased revenue from currencies other than the South African rand, and reviewing its licensing agreement in the Middle East as growth in the region has slowed. The South African rand…
London’s Restaurant Show Puts Focus On Equipment
London is a busy place for business and industry, politics and tourism. And come October, hospitality professionals will descend on the city for the three-day event known as The Restaurant Show. The show, October 3-5 at the Olympia Grand Hall London, will again showcase foodservice/catering equipment and supplies, smallwares, dishware and servingware, interior design and…
Jollibee Slates 200 New Outlets, Three Commissaries
Jollibee Foods Corp. will roll out 200 new stores in the Philippines this year, about 20% fewer than the 249 restaurants in opened in 2015. But Asia’s largest foodservice company says it also plans to build three new commissary facilities in Luzon, expand the capacity of its biggest commissary in Laguna, and set up two…
AHR Expo Mexico Returns To Monterrey
Heating, ventilation, air conditioning and refrigeration professionals take note: AHR Expo-Mexico, the most important event in Latin America for those keeping up with technologies and trends in HVAC & R, is slated to take place September 20-22 in Monterrey, the industrial capital of Mexico. The show had last been held there in 2012. More than…
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