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:
The Krystal Co. filed for Chapter 11 bankruptcy reorganization. The filing claims the company experienced strong industry-specific headwinds due to a combination of shifting consumer tastes and preferences, growth in labor and commodity costs, increased competition, and unfavorable lease terms. US Foods and Flowers Foods are two of Krystal's key suppliers, reported Atlanta Business Chronicle. Full Story
Fresh Bowl aims to have 50 salad vending machines by the end of 2020, and a total of 100 in 18 months. The company closed a $2.1 million seed funding round co-led by Betaworks Ventures and New Ground Ventures, and with that funding, will open more kiosks and experiment with different return initiatives for its glass salad containers, like different price points for different jars, reported Fast Company. Full Story
Zomato acquired Uber's food delivery business in India. Uber already ceased operations and is directing customers to the Zomato platform. Under the terms, Uber will have a 9.99% stake in Zomato. Full Story
Blaze Fast-Fire'd Pizza will open in Ventura, CA. Full Story
Potbelly CEO Alan Johnson will temporarily assume the CFO role until a replacement is found, reported Crain's Chicago Business. Full Storyread more
Upper Saddle River, NJ (Jan. 21, 2020) -- The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Brian Choi as Managing Partner and CEO.
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