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PWD Acquisition LLC acquired the parent company of Pei Wei Asian Diner, LLC, Irvine, Texas, from its previous parent company, Centerbridge Partners, L.P., New York.
The rising number of restaurants, hotels and fast food joints will remain a primary driver to the global foodservice equipment market, according to a study released by Future Market Insights, Valley Cottage, N.Y.
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.
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.”