June 14, 2017
MTY to Acquire Houston Avenue Bar & Grill and Industria Pizzeria + Bar
MTY Food Group Inc. has reached an agreement to acquire 80 percent of the assets of Houston Avenue Bar & Grill and Industria Pizzeria + Bar. The transaction is expected to close within the next two weeks and remains subject to a variety of closing conditions and regulatory approvals.
PE to Buy Joe’s Crab Shack and Brick House Tavern + Tap
An affiliate of San Diego-based private equity firm Kelly Companies has agreed to purchase both the Joe’s Crab Shack and Brick House Tavern + Tap brands from Ignite Restaurant Group (IRG). To facilitate the sale IRG, along with some of its subsidiaries, has now filed for Chapter 11.
Foodservice Forecasts, Wall Street Likes Fast Feeders, Consumers Using Delivery and Drive-Thru
Here’s a quick look at 2017 forecasts for foodservice. The NPD Group describes foodservice performance as "steady." Wall Street likes fast feeders. The Labor Department reverses rules on who controls employees. These stories and a whole lot more This Week in Foodservice.
Zink Adds Director of Ventilation Services
Zink Foodservice hired Wilson Villarrubia to serve as director of ventilation services for the Ohio-based independent manufacturers’ rep firm. Villarrubia will work with all of the Zink locations.
Del Taco Names John Cappasola Jr. CEO
Del Taco Restaurants Inc. promoted John Cappasola Jr. to CEO to succeed Paul J.B. Murphy, III, who will resign as of July 7.
Oneida Group Updates Leadership
Jamie Keller will become executive vice president of retail and foodservice for the Oneida Group.
Uncorking Wine Trends
Herein lies a great tutorial on natural and organic wines, other wines earning exposure on menus today and the equipment and supplies operators can use to make the most of their wine programs.