October 10, 2012
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This Week in Foodservice: The CIT Group Inc. Is Largely Positive on U.S. Restaurant Industry
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Financial giant CIT turned its spotlight on restaurants and forecast steady improvement despite the slow recovery. The head of CIT’s Restaurant Industry Practice says that lenders that had stepped away from restaurants during the downturn are returning to finance acquisitions, expansion or re-models but noted that smaller companies and franchisees of smaller chains continue to have difficulty getting financing.
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Corner Bakery Names New President
Gary Price is the new president of Corner Bakery Café. Price joins Corner Bakery Cafe after serving as head of foodservice operations at Pilot Flying J, a national chain of travel centers.
National Restaurant Association Show Extends Chicago Stay Through 2021
The National Restaurant Association reached an agreement to keep the association’s trade show in Chicago through 2021. In response to this news, Foodservice Equipment & Supplies magazine announced that it will continue to host its annual Dealer of the Year and Industry Awards Gala on the Saturday evening of the NRA show through 2021.
Pollo Tropical Names Timmer VP of Operations
Pollo Tropical promoted Vicky Timmer to the newly created position of vice president of operations from region director.
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Quiznos Names New International President
Quick-service sandwich chain Quiznos named Kenneth Cutshaw its new president of international.
Famous Dave’s Updates Key Leadership Positions
The board of directors for Famous Dave’s of America, Inc. elected John Gilbert III president and chief executive officer and Christopher O’Donnell president and chief operating officer, effective immediately.
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Victory Refrigeration Adds a Pair of Regional Sales Managers
Victory Refrigeration added a pair of foodservice equipment and supplies industry veterans to its sales and marketing teams. Laura Gutkowski has assumed the role of regional sales manager/marketing manager and Kathleen Moccia Poulos is a regional sales manager.
Chain Operating Report for October 10, 2012
Among the companies making news this week are a pair of chains entering new international markets and a pizza giant beginning a trip down the fast-casual trail.