Breaking news for the full foodservice equipment and supplies distribution channel. Includes information on dealers, distributors, design consultants and multi-unit operators spanning leadership changes, mergers and acquisitions, trends, data and much more.
Robert Walter will serve as non-executive chairman of the board for Yum! Brands, effective May 20, 2016. Walter succeeds David Novak, who previously announced his plan to retire as executive chairman and step down from the board.
A combination of eight companies and individuals are recognized for their achievements by the National Restaurant Association’s Education Foundation.
Multi-line equipment manufacturer Manitowoc Foodservice, Inc. (NYSE: MFS) debuted as a standalone, publicly traded company on March 4, 2016. Manitowoc Foodservice was spun off from The Manitowoc Company, Inc. (NYSE: MTW).
NRD Capital Management, a franchisee-sponsored and managed equity investment fund, purchased a majority position in Fuzzy’s Taco Shop, a 90-unit Fort Worth, Texas-based brand. NRD had previously made a similar investment in Frisch’s Big Boy Restaurants.
Bob Bafundo is the new president of Pizza Inn, a restaurant chain owned by multi-concept operator Rave Restaurant Group. A 30-plus year veteran of the restaurant industry, Bafundo most recently served as president of Garbanzo Mediterranean Grill.