September 13, 2017
Foodservice Industry Rebounds After Hurricane Harvey
Operators and their suppliers continue to bring the Southeast Texas foodservice market back one day at a time.
FAT Brands Buys Two Steak Concepts
In a deal valued at $10.5 million, multiconcept operator FAT Brands will acquire Homestyle Dining, parent company to the Ponderosa Steakhouse and Bonanza restaurant chains. FAT Brands additionally announced plans to go public.
Cafe Rio Gets New Ownership
Freeman Spogli & Co. has acquired Cafe Rio, a fast-casual Mexican restaurant company. Cafe Rio’s existing management team will continue to lead the company and will retain an equity stake in the business.
Two Burger Chain IPOs, McDonald’s Updates McCafe, Cracker Barrel’s Recovery Teams in Action and Kroger to Open its First
Two burger chains prepare initial public offerings. Cracker Barrel’s recovery teams have restaurants affected by the hurricane up and running. The rule that effectively doubled the salary level of employees who were exempted from overtime pay appears dead. McDonald’s updates McCafe. These stories and a whole lot more This Week in Foodservice.
American Metalcraft Updates Sales Team
Mark Humenansky joined American Metalcraft, serving as southeast regional sales manager. American Metalcraft’s sales team now divides along four geographic regions.
Rippe Associates Adds to its C&U Team
Rippe Associates added Darren Peterson to its college and university team. A 23-year veteran of the foodservice industry, he comes to Rippe Associates from North Dakota State University, where he served as director of dining.
PMG Adds to its Outside Sales Team
Preferred Marketing Group added Fred Macdonald to its outside sales team. Macdonald will serve as a business development representative in the California-based independent manufacturers’ rep firm’s San Diego office.
Brewer to Become Group President and COO for Starbucks
Rosalind Brewer will become group president and chief operating officer for Starbucks Corp., effective Oct. 2. Brewer is the former president and CEO of Sam’s Club and her background includes 22 years with Kimberly Clark.
Garden Fresh Restaurants Picks Haywood to Serve as CEO
John Haywood was named CEO of Garden Fresh Restaurants, the multiconcept operator that owns Souplantation and Sweet Tomatoes.
Noodles & Company Names New EVP of Operations
Fast-casual concept Noodles & Company named Brad West executive vice president – operations.
MOOYAH Burgers Names New VP of Operations
MOOYAH Burgers, Fries & Shakes, named Mike Sebazco its vice president of operations.