Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Four Corners Property Trust closed on the purchase of eight additional restaurant properties from Washington Prime Group Inc. The eight properties include Buffalo Wild Wings, IHOP, McDonald's, Olive Garden, Red Lobster, Outback Steakhouse, Taco Bell, and Wendy's restaurants, all located in Colorado. The purchase price for the eight properties was approximately $9.4 million. Full Story
Taco Bell closed four locations in Maine, reported Portland Press Herald. Full Story
Black Bear Diner opened locations in Turlock and Rancho Cucamonga, CA. Full Story
Moe's Southwestern Grill opened a location in Franklin Square, NY, reported Newsday. Full Story
Subway's president of North American operations, James Walker, stepped down, reported New York Post. Full Story
Just Eat PLC named chief customer officer Peter Duffy interim CEO after CEO Peter Plumb left the company, reported MarketWatch. Full Storyread more
December 20, 2019 (Upper Saddle River, NJ) - The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar "An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
Nebraska lawmakers are set to consider whether the term “meat” should be reserved for meat and poultry products harvested from live animals.read more
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