Sonic is now part of the Roark Capital portfolio of restaurant companies with Inspire Brands finalizing its acquisition of the $2.3B deal for the quick-service drive-in chain. Inspire Brands is led by Paul Brown and Sonic will be led by Claudia San Pedro, serving as Sonic president, announced post-acquisition agreement. Cliff Hudson will be a senior advisor to Sonic until next March for transition purchases.
Design restaurant training programs for #MeToo era that foster inclusion, safety Creating a comfortable, professional, and respectful workplace is vital to fostering an environment that promotes productivity and idea generation […]
Starbucks has named Patrick Grismer executive vice president and chief financial officer, succeeding Scott Maw, who is retiring at the end November. Grismer will report to Kevin Johnson, Starbucks president and chief executive. Grismer brings global financial expertise from leadership roles in several large, consumer-facing companies, including Hyatt Hotels, KFC parent Yum Brands and The Walt Disney Company, spending more than 25 years as these hospitality and foodservice behemoths.
According to an announcement from Technomic, its parent, Winsight LLC, has forged a new deal with the National Restaurant Association, expanding its penetration of the foodservice information services market in the U.S. The agreement for an undisclosed amount will hand over operational oversight of the National Restaurant Association Show to Winsight, and the Association will gain an advisory board seat and an equity partnership with Winsight.
The One Group Hospitality hires two senior executives, taps Celeste Fierro for VP of Special Events role
The One Group Hospitality, Inc. has transitioned Celeste Fierro to the new vice president of Special Events position as it leverages her special event expertise and hires two new executives. The One Group oversees the STK restaurant chain, a hip, high-energy steakhouse concept. The new executives joining The One Group are Connie Collins, named vice president of Operations and Global Training, and Tyler Loy, who has joined the team in a newly-created position, taking on the vice president of Strategy and Measurement role.
Buffalo Wild Wings new president is Lyle Tick, a marketer, advertiser and merchandise executive with a deep repertoire across several retail brands and marketing agencies. Parent company Inspire Brands made the announcement... after the acquisition of Buffalo Wild Wings by Arby’s Restaurant Group, closely-held by Roark Capital at the time. 1,200-unit Buffalo Wild Wings and the Atlanta-based Inspire Brands executive team are looking for a big turnaround
Fiesta Restaurant Group, parent of Taco Cabana and Pollo Tropical, announced that Jackie Swift-Kurkjian has joined the company as senior director of Off-Premise Consumption. In this role, she will lead the efforts to build the catering, online and delivery sales channels at Pollo Tropical and Taco Cabana. Her role will help the brands leverage new information systems, resources and people as part of Fiesta’s Strategic Renewal Plan.
Ruth’s Hospitality Group, the operator of the fine-dining Ruth’s Chris Steak House chain, reported Q2 2018 results, posting total revenue of $103.5 million, up 9.6 percent from last year. Company-operated stores posted comparable sales growth of 1.3 percent from last year, comprising a 0,1 percent decrease in traffic, offset by a 1.4 percent increase in average check. Net income rose to $9.6M, compared to $7.8M in the same period last year. .. The three buckets for the 2.0 remodel initiative are brand, capacity and bar changes. Those remodels that have addressed capacity are the most opportunistic remodels and have played a role in sales performance, noted Haak.
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.