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November 22, 2016
Industry Notes:
Westerville, Ohio-based Zink Foodservice has hired two new regional account managers to oversee sales activities for healthcare and educational accounts in central and southern Ohio: Frank Rivelle joins the central Ohio team and Christie White joins the Kentucky, southern Indiana, southern Ohio, and southern West Virginia team. General Parts Group is opening its 25th service…
November 22, 2016
Legacy To Acquire West Bend Electrics
The Legacy Products Companies and Focus Products Group International have signed a letter of intent by which Legacy will acquire the West Bend Electrics division of Focus. The transaction is expected to close within 45 days. Focus, a portfolio company of Centre Lane Partners, owns retail and commercial brands in bath and home fashion. The…
November 22, 2016
DQ Sees LA Ripe For Expansion
It looks as though Californians are going to have more chances to buy Dilly Bars and chicken strips. Minneapolis-based Dairy Queen is planning on opening 50 to 60 stores in Los Angeles, San Bernardino, Riverside, and Orange counties in the next decade. It would be a significant step up from the brand’s 98 locations in…
November 22, 2016
McDonald’s Sees Future In Tableside Service
McDonald’s is trying on the fast-casual model. The chain announced last week that it is expanding its digital ordering stations and table service to all of its 14,000 American restaurants. “Typically, the majority of our crew is behind the counter, and that counter literally has been a barrier between our crew and the customer,” says…
November 22, 2016
Top Canadian Dealers Russell And Hendrix Combine Forces
Canada’s two largest foodservice equipment dealers, Hendrix Hotel & Restaurant Equipment and Supplies and Russell Food Equipment, have united into one company: Russell Hendrix Foodservice Equipment. The merger comes about after Blue Point Capital Partners acquired a controlling interest in Brockville, Ontario-based Hendrix. “The complementary geographic exposure, product diversification and sales structure is game changing…
November 22, 2016
Consumer Confidence Rebounds In Early November While Gas Prices Fall
The University of Michigan’s Surveys of Consumers Consumer Sentiment Index jumped back to 91.6 during early November, reversing a drop in the final October reading of 87.2 from 91.2 in September.
November 22, 2016
Gap Between Menu And Grocery Store Prices Widens
Wholesale food prices at all three stages of demand fell again in October, according to Producer Price Index data from the Bureau of Labor Statistics, released Nov. 16. Prices at the final demand stage have fallen three of the past four months. They were off 0.8% in October after rising 0.5% in September. The overall…
November 22, 2016
Chain Slowdown Undercuts Public E&S Companies Revenues
A slowdown in sales to both restaurant and retail chains, combined with divestitures, undermined revenue growth for publicly reporting foodservice equipment and supplies companies in the third quarter of 2016.
November 22, 2016
Election Brings Uncertainty And Opportunity To The Foodservice Industry
The surprise election of Donald Trump as U.S. president has not ended the uncertainty caused by the campaign, according to a number of commentators. But it also creates an opportunity that the foodservice industry may be spared some regulations viewed as onerous. A number of restaurant chain executives had cited the turmoil of the election…
November 22, 2016
NRA And Ecolab Take On Norovirus
The National Restaurant Association and Ecolab have launched a campaign this month to provide the restaurant industry with tools and resources to help promote awareness and combat the spread of the virus. “We’re proud to partner with Ecolab as we continue our commitment to leading the way in food safety and handling,” said Sherman Brown,…
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