National Restaurant Association takes majority interest in Winsight, owner of Restaurant Business
Editorial of publications will remain independent, according to statement
The National Restaurant Association took a majority stake in Winsight Holdings, LLC, a market intelligence firm that distributes content across several food and retail verticals. Through research products, events, including the National Restaurant Association Show, and industry news publishing labels, such as Restaurant Business and CSP, Winsight connects readers to actionable, industry-specific information.
In 2018, Winsight took an equity stake in the National Restaurant Association Show, also assuming the oversight, marketing and content planning for the restaurant industry’s premier event.
Winsight owns consultancy Technomic, which provides research, insights, and strategic consulting to the global food and beverage industry, and is a wholly-owned subsidiary.
The National Restaurant Association Show, the Restaurant Leadership Conference, FSTEC, the Global Restaurant Leadership Conference, and Outlook Leadership are examples of industry events.
“Together the National Restaurant Association and Winsight will be better positioned to support the dynamic demands of the restaurant and foodservice industry as it continues to rebuild,” said Tom Bené, president and chief executive of the National Restaurant Association. “The Association’s investment in Winsight reinforces its commitment to support and best represent the interests of the entire industry. Winsight’s robust engagement and event platforms along with their industry-leading informational resources contribute enormously to the success of every restaurant.”
Despite the Association’s majority interest, Winsight’s publications will continue to have independent editorial guidance and direction, suggests an announcement.
Mike Wood, CEO of Winsight, commented, “Restaurants are in the early days of a comeback that promises significant growth for the next five years. Convenience and grocery stores have evolved and redefined what it means to be essential. Thanks to this renewed partnership with the Association, Winsight’s market defining thought leadership will be available to fuel a rebirth.”
About the publisher of this restaurant news site.