Krispy Kreme announced taking a majority stake in Insomnia Cookies, a late-night cookie delivery company with 135 stores in the United States. Insomnia Cookies was launched in 2003 by Seth Berkowitz.. JAB Holding Company acquired Krispy Kreme for approximately $1.35B in 2016. Through Krispy Kreme’s investment, JAB is further extending its reach in bakery and coffee businesses in U.S. retail and foodservice
As it moves to further reinvigorate its business, Romano’s Macaroni Grill has launched a new menu and lunch specials, which include a limited-time lunch pass to save guests money. The 85-unit Italian-style casual-dining chain launched the Macaroni Grill Mix and Match (Mix + Match) program, whereby customers can combine any two options on the menu for under $11, or for the same price, they can choose the Unlimited Soup and Salad (Soup + Salad) Program... customers can purchase a Mix and Match lunch pass for $75, giving them access to complimentary lunch for the entire month of August 2018.
Fast casuals are the only segment in the restaurant industry that are growing traffic, says a report from NPD. The Chicago-based research firm has seen traffic grow 6 percent annually over the most recent five years. According to the NPD Fall 2017 ReCount restaurant census. The growth leaders among fast-casual chains included Chipotle, Panera, Panda Express, and Raising Cane's. Fast casuals have appealed to households with incomes of $100K or more.
John H. Schnatter. It will no longer sublease office space to Schnatter. This follows the resignation of the former chairman and his removal as spokesperson for the the company, which had already been announced—his Founder Agreement, had already been terminated by the same committee... Papa John’s announced Shnatter’s removal from advertising following use of "N" word.
Restaurant Business Online identified several up-and-coming chains in its Future 50. The data is based on 2017 information and estimates gathered by Technomic, Inc. The top five chains in the Future 50 comprise CoreLife Eatery, The Halal Guys, Wahlburgers, Maple Street Biscuit Co., and Honeygrow. Rounding out the top 10 are Bibibop Asian Grill, Babalu Tapas, Cava, Ahipoki Bowl, and Duck Donuts.
Uber and Venmo have partnered to add the Venmo digital wallet service as a payment method to Uber Eats and the Uber ride-sharing service. Uber riders will be able to pay with a Venmo balance, linked bank account, credit card or debit card so they can easily split the cost. Furthermore, the connectivity between the apps as a major convenience to users... the riding experience can be shared with an emoji that is specific to the Uber-Venmo partnership.
Here are the trends that appeared in our "2018 Food and Dining Trends Report" earlier this year that have staying power: Plant-based foods going mainstream; off-premise food poularity; local gives way to regional attribution; manifestation...overuse of term “local” dilutes meaning, significance, say experts regional global territories: “Southern Low Country, Ozarks, Appalachia, Cuba, India and the Middle East.”
Restaurant challenges remain, including managing the costs of a restaurant business. It remains a focal point within the industry... dishes get sent back to the kitchen; or a sandwich at a deli shop gets dropped now and then; or some food even spoils... Food waste is a real issue. Moreover, dishonest employees who take food or supplies can really cost you a fortune.
Starbucks will see its chief financial officer, Scott Maw, retire November 30. Maw started with the company as global controller in 2011 and later was promoted to senior vice president of corporate finance. Maw has a background in insurance and financial services, and is a graduate of Gonzaga University.
Fast-casual chain Teriyaki Madness has added a mobile app. Customers can order for in-restaurant pickup and will also be able to order for delivery in the markets in applicable markets.The Teriyaki Madness app integration for mobile ordering was created by Olo, a leading provider of seamless ordering at restaurants, which connected the app to the chain’s POS provider, Revel. Its rewards and special community features and enticements were designed by Punchh
The restaurant point-of-sale (POS) of today has been advancing by leaps and bounds and new, more compact tablet-based systems appear to be all the rage. Restaurateurs are seeking a POS that can deliver on many fronts, but is also easy to use. What are some of the top things to look for in the POS of today? ...Integration, mobile transactions nnd POS ease of use. These are top features.
Fast casual restaurants in the Washington, D.C. area continue to grow, as Philadelphia-based Honeygrow expands further in the MidAtlantic region. Honeygrow, which focuses on new and different stir-fry combinations, has 32 locations open across 10 states, currently—with 18 of those stores now open in the MidAtlantic. Stores in D.C. area include Chinatown, Reston, Pentagon City, and Rockville.