December 19, 2012
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To allow our staff time to spend with family and friends, we will be closed the final week of December so this will be the last edition of FlashNews for the year. The next weekly news will arrive on January 2, 2013. The staff of Foodservice Equipment & Supplies hopes you and your family have the happiest and healthiest of holiday seasons.
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AccuTemp Updates Rep Network
AccuTemp Products, Inc. has added Preferred Kitchen Equipment (PKE) to its network of independent manufacturer’s reps.
DoubleTree to Launch Made Market Dining Concept
Hilton’s DoubleTree brand is preparing to test Made Market, a new dining concept.
Caribou Sold for $340 Million
In a deal valued at $340 million, Joh. A. Benckiser Group (JAB) has agreed to acquire Caribou Coffee Company, Inc. Upon completion of the transaction, Caribou will continue to operate as an independent company with its own brand, management team and growth strategy. Caribou will remain based in Minneapolis, Minnesota.
Chef’s Toys Acquires Star Restaurant Equipment & Supply
Chef’s Toys, a Fountain Valley, Calif.-based foodservice equipment and supplies dealership, has acquired the assets of Star Restaurant Equipment & Supply Co., a Van Nuys, Calif.-based dealership.
Kaplan Takes Flight on Eagle Group’s Sales Team
Shari Kaplan is the new vice president of eastern regional sales for The Eagle Group, a Delaware-based foodservice equipment and supplies manufacturer.
UFood Files for Chapter 11
UFood Restaurant Group, Inc. filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. Other members of the UFood group, including its affiliates and franchised stores in Massachusetts, Ohio, Texas, Utah and Maryland, have not filed for protection.
Reps’ Outlook Mixed
After posting a solid 4.3 percent growth rate for the third fiscal quarter of 2012, members of the Manufacturers’ Agents Association for the Foodservice Industry (MAFSI) report a decline in the level of quoting and consultant activities as the year comes to a close and that contributed to their forecasting a slight decline in sales for the fourth quarter of 2012. Despite these mixed results, MAFSI members project a healthy 4.7 percent gain for 2013, according to the association’s Business Barometer study.
Celebrate 2013 Oktoberfest in Germany!
Restaurants Carve Out Larger Slice of Catering Pie
Consumers’ use of restaurants and retailers for social catering found three-year compound annual growth rates projected at 5 percent or better for several market segments, according to Technomic’s Parties Off Premise Study.
13 Trends and Issues to Watch in 2013
Trends come and go. That’s why they’re called trends. But some stick around for longer periods of time, having greater impact on the foodservice industry. We’ve identified some of those stronger trends that picked up steam in 2012 and seem to be headed for greater impact in 2013. Take a look.
This Week in Foodservice: Commerce Department Reports Restaurant Sales for November Remain Strong
While 2012 has been an up and down year, it seems as if the restaurant industry is poised to finish strong if the U.S. Commerce Department’s November sales results are any indication.