Embracing and understanding this next generation of consumer, Gen Z, is important to restaurateurs and restaurant companies across the United States. After all, this is the generation that spends the most of their hard-earned dollars on food prepared outside the home. According to a Piper Jaffray… 24 percent of Gen Z spending is on food. This is the generation that is seeing its maturation occur in a rapidly changing world.
Chipotle Mexican Grill has expanded its partnership with DoorDash to enable national delivery in 70 markets and at over 1,800 Chipotle locations. Chipotle’s customers will be able to order delivery using the website or the Chipotle mobile app. For a limited time, between August 27 and September 12, 2018, guests will get free delivery on orders of $10 or more (not including tip or tax).
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
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.
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 Broad Street Licensing Group (BSLG) has been named one of the “Top 20 Global Licensing Agents” by License! Global Magazine. Ranking number 12 on the prestigious list, BSLG was instrumental in the transition of the Tony Roma’s retail product from CBQ, LLC to Ruprecht Company, a time-honored and renowned meat processor and food manufacturer in Chicago—a transition that begin in May, 2017.
Under a partnership with Uber Eats, Popeyes will add delivery to its restaurants in the cities of Chicago, Miami, New York, New Jersey, and Washington, D.C. Using the Uber Eats mobile app and UberEats.com, guests can order menu items to be delivered to their homes or offices.