Food Service Industry News

American Dairy Queen Fills Key Roles on International Business Team to Increase Global Footprint
American Dairy Queen Corporation (ADQ), a subsidiary of International Dairy Queen, Inc. (IDQ) and a leader in the quick-service restaurant (QSR) industry, today announced two new hires to its international business team: Chris Wren, vice president of development, international, and Greg Kirian, vice president of marketing, international.

FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for 85 Million
Four Corners Property Trust (NYSE:FCPT) announced the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.

US Restaurants Projected to Add 502k Seasonal Jobs This Summer
A pre-summer uptick in the restaurant industry’s prime labor pool is driving the optimistic summer employment forecast.

CRISP GREEN to Open First Manhattan Location on June 1 2023
CRISP & GREEN is set to open in New York City. Debuting in the popular NoMad neighborhood, this location also marks the company’s entry into its tenth state, with ten additional states scheduled to open before the end of the year.

Own Your Own The Million Dollar Restaurant Competition Documentary
Own Your Own (OYO), the newest company from Hotjobs.com founder Richard Johnson, is designed to give entrepreneurs the opportunity to open new businesses and revitalize small towns across America, starting with Burgaw, North Carolina.

Pragmatic Approach to Migration Can Unleash UK Hospitality Industry
Responding to the publication of legal migration figures last week, UKHospitality Chief Executive Kate Nicholls said: 'If there is one thing evident from today’s figures, it’s that the immigration system is not working effectively for businesses.'

Restaurants in Drivers Seat As EVs Power Up in Popularity
Investing in electric vehicles and chargers could increase foot traffic, sales, and brand loyalty.

Balance Grille Opens in Arvada Colorado
Having recently opened its first non-traditional franchise location within Freedom Street Social food hall, located at 15177 Candelas Parkway in Arvada, last July, the brand is looking to continue its growth within the Rocky Mountain state.

FCPT Announces Acquisition of a DualTenant Outback Steakhouse and Hook Reel Property from Seritage for 52 Million
The property is located in a strong retail corridor in Ohio and is under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.

National Restaurant Association Association CEO Korsmo Addresses Future of the Industry
Says the restaurant industry is resilient, and hugely important to the country.

Panera Launches DriveThru PickUp Nationwide
Guests Can Now Order Ahead on the App or Online and Pick Up Their Order at the Drive-Thru Window

UK Pubs and Restaurants Struggle to Remain Optimistic With Average Energy Costs Up 80 on Last Year
New industry-wide data shows just 29% of hospitality businesses feel optimistic about the next 12 months, with energy their biggest concern, prompting an alliance of trade bodies to once again make a plea for Government to direct energy suppliers to offer fair rates.

Capital Tacos Announces Further Expansion in Florida with New Deal in Jacksonville
Capital Tacos announced a new location will be coming soon to Jacksonville, Florida, a mere 200 miles from where the brand originated in Tampa.

Marriott International Announces New Extended Stay Lodging Brand
Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.

Papa Johns International Acquires Drake Food Service Internationalaposs Restaurants in the United Kingdom
Papa John’s International establishes Company restaurant footprint as part of ongoing plan to transform and optimize the U.K. market for the brand

The Taco Bell Foundation Awards 15 Million to over 450 Charities Serving the Next Generation
Through its Community Grants program, the Taco Bell Foundation is connecting young people across the country to educational and career resources and opportunities.

Wage Theft Is Americas Hidden Workplace Crisis
Verfico's new study exposes the alarming prevalence of wage theft - and its consequences for both companies and employees.

Chiliaposs Has Become the Gold Standard for Restaurant Service in These Inhospitable Times Business Insider
In the early years of the pandemic, Chili's experimented with technology, such as a robot server, to handle the labor shortage and increase efficiency. But Kevin Hochman, who became CEO of Brinker International, Chili's parent company, in 2022, rolled back some of those initiatives to give servers more time with their diners, according to the Times.

Red Robin Gourmet Burgers Inc Completes SaleLeaseback Transaction With Essential Properties Realty Trust Inc
Gross Proceeds of Approximately $29 Million for Nine Owned Properties - Company Marketing Additional Properties for Sale-Leaseback Transactions

Sweetgreen to Open Its First San Antonio Restaurant
Located at 340 East Basse Rd, Suite 101, sweetgreen at Quarry Village will be open daily from 10:30am to 9pm CT. The restaurant will accommodate 32 indoor diners with banquette and counter seating, and features a patio for up to 15 people.