Krispy Kreme reinstates online ordering with New Year's offers
4 days ago · Running from 30 December to 5 January, customers are offered a week-long celebration of New Year’s deals. Credit: JHVEPhoto/Shutterstock. Krispy Kreme has announced the reinstatement of online ordering, accompanied by a series of new deals. In December 2024, the doughnut chain experienced a ...
PFG outlines key leadership changes - verdictfoodservice.com
Dec 17, 2024 · The strategic shifts are aimed at enhancing PFG’s growth and integrating recent acquisitions. Credit: Postmodern Studio/Shutterstock. North American food and foodservice distribution company Performance Food Group (PFG) has outlined changes to its executive leadership structure to drive innovation ...
Starbucks suspends 2025 guidance as sales drop continues
Oct 23, 2024 · US coffee giant Starbucks has suspended its forecast for the full fiscal year 2025 as its new CEO Brian Niccol calls for fundamental change in the company’s strategy to return to growth.. The company has reported preliminary financial results for its 13-week fiscal fourth quarter (Q4) and the 52-week fiscal year ended 29 September 2024.
Krispy Kreme faces operational disruption from cyberattack
Dec 12, 2024 · Krispy Kreme has confirmed that a cyberattack has caused significant operational disruptions, including issues with online ordering across the US.. The company was alerted to unauthorised activity on its information technology systems in November 2024 and is working with cybersecurity experts to resolve the situation, as reported by Reuters.
Blackstone to acquire Jersey Mike’s Subs for $8bn
Nov 20, 2024 · The acquisition follows 2023’s agreement by Roark Capital to purchase Subway for up to $9.55bn, indicating a trend of significant investments in the fast-casual dining sector.
Darden completes acquisition of Chuy’s in $605m deal
Oct 14, 2024 · Darden Restaurants has completed the acquisition of Chuy’s Holdings in an cash deal with an enterprise value of $605m.. The deal, announced in July 2024 and approved by a majority of Chuy’s stockholders on 10 October, enhances Darden’s portfolio of differentiated brands, including Olive Garden and LongHorn Steakhouse.
Duffy’s Sports Grill names new CEO - verdictfoodservice.com
Dec 4, 2024 · Duffy's Sports Grill, a family-owned restaurant group based in Florida, has named Joe Webb as its new chief executive officer.
Wendy’s reports 13% decline in Q3 2024 net income
Nov 1, 2024 · Fast-food restaurant The Wendy's Company reported a net income of $50.2m for the third quarter (Q3) of 2024, a decrease of 13.4%, compared to $58.04m a year ago.
Skope Kitchens launches first managed kitchen service platform
Nov 22, 2024 · Skope’s offering is distinguished by its comprehensive overhaul of kitchen operations. The infrastructure features AI-powered systems to optimise multi-brand management, a central tray system with distinct prep zones, digital integration with smart lockers and sustainability measures that significantly reduce waste compared to conventional kitchens.
Red Lobster exits bankruptcy, acquired by RL Investor Holdings
Sep 17, 2024 · Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL Investor Holdings.