Articles Tagged with ''foodservice''

MOD Pizza

MOD Pizza announces $160M equity financing to maintain rapid growth

With this additional capital, MOD plans to maintain its rapid growth across existing and new markets in the United States and internationally.
May 24, 2019
MOD Super Fast Pizza Holdings, LLC, Seattle, Wash., announced a $160 million equity financing led by Clayton, Dubilier & Rice (CD&R), a New York-based private investment firm.
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Study: Restaurants brace for increased competition as emerging channels continue to expand

60% of respondents say that if their favorite food truck opened a restaurant, they would be likely to visit.
April 24, 2019
While usage of emerging channels is still low overall compared to traditional foodservice segments, strong appeal among younger consumers and continued nationwide expansion by these channels means increased competition for restaurants moving forward, according to “2019 Emerging Channels Consumer Trend Report.”
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Buyers Edge Platform expands operations to FL

The EcoCentre is considered a “living building” that incorporates natural living systems and green technologies.
April 22, 2019
Buyers Edge Platform, a Waltham, Mass.-based restaurant and foodservice procurement platform, announced plans to open a new office in the EcoCentre Building in Lake Worth Beach, Fla.
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Study: 85% of food, hospitality brands need to improve on reputation management

The study indicates that hospitality marketers are prioritizing strategies for streamlining the customer experience and monitoring reviews across sites.
April 4, 2019
As customers interact with — and review — brands across a growing number of third-party sites, reputation management is the key area of focus for this group, with 66% planning to focus on "collecting customer feedback" and 51% planning to enhance their ability to monitor and respond to online reviews, according to new research produced by Yext, Inc., New York.
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Smithfield Foods brands foodservice business as Smithfield Culinary

Smithfield Culinary—historically recognized as Smithfield Farmland—has evolved from simply selling products to positioning culinary arts as a key cornerstone of its business model.
April 2, 2019
Smithfield Foods, Inc., Smithfield, Va., introduced Smithfield Culinary, the company’s new foodservice portfolio.
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Bessemer Investment Partners acquires KorMex Foods

MRG now operates 73 Taco Bell restaurants, including two co-branded KFC and six co-branded Pizza Hut Express locations in Houston and surrounding markets.
March 27, 2019
Bessemer Investment Partners LLC (BIP), New York, acquired the assets of KorMex Foods, Inc., Houston, Texas, through a new portfolio company platform called MAS Restaurant Group, LLC (MRG).
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