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:
Mission BBQ is reportedly considering a sale, according to people familiar with the matter. The chain has 80 locations across 16 states, all of which are corporately held, reported Baltimore Business Journal. Full Story
McDonald's Corp. expects food commodity costs to rise as much as 3% in 2019, mainly because of rising pork and beef prices, while Wendy's Co. notched up expectations for food cost inflation because of expected increases in bacon prices. Meat prices could eventually rise by more than 15%, according to an analyst with Mizuho Securities. Carrols Restaurant Group Inc. is contemplating a 1% price increase at its Burger King and Popeyes restaurants to cover higher meat prices, reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Little Caesers will launch a pizza with Impossible Sausage. It will test the Impossible Supreme Pizza at 58 Little Caesars in Yakima, WA, Ft. Meyers, FL, and Albuquerque, NM, reported Fortune. Full Story
Kinton Ramen opened its first U.S location in Chicago, one of six planned nationwide in 2019. Parent company Kinka Family is Canada's largest Japanese restaurant chain and also now operates restaurants in Tokyo and Seoul, reported Eater Chicago. Full Story
Restaurant chains are launching same-day and next-day pay options to attract workers in the tightening labor market. Eight Church's Chicken restaurants will begin testing next-day pay in June, with employees receiving half of their pay for the previous day's shift. Some Pizza Hut, Taco Bell, Checkers and Rally's locations are offering similar services, reported Bloomberg. Full Storyread more
Upper Saddle River, NJ (April 3, 2019) - The Food Institute tallied 527 food industry mergers and acquisitions in 2018, down almost 11% from 2017’s record year, according to its annual Food Business Mergers & Acquisitions report. Manufacturers, investment firms and retailers were once again the largest segments, taking part in more than half of the deals for the...
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