Industry Updates: Restaurant & Foodservice – December 2015
Bob Evans Farms Inc. announced Saed Mohseni has been hired as the new President and CEO.
Buffalo Wild Wings Inc. announced Mary Twinem is retiring as CFO effective Feb. 29.
Ignite Restaurant Group has named board member Robert S. Merritt as CEO.
MOD Pizza LLC has named John Nelson to the role of CEO of its operations in the U.K.
Subway Restaurants named former Coca-Cola executive Joseph Tripodi as its new Chief Marketing Officer.
Yum! Brands Inc. announced its CFO Patrick Grismer has resigned effective Feb. 19, 2016.
Mergers and Acquisitions
Kahala Brands announced the acquisition of the 260-unit frozen yogurt chain Pinkberry.
Private-equity firm TPG Growth has acquired the 177-unit San Francisco-based Taco Bueno Restaurants LP.
Togo’s Eateries Inc. announced that it will be acquired by private-equity firm Nimes Capital.
Burger King will open its first restaurant in West Africa this month.
Burger King’s largest franchisee has grown larger thanks to a series of six deals that have given Carrols Restaurant Group Inc. another 46 locations in several states from Michigan to New Jersey.
Texas Chicken, a sister brand of Church’s Chicken, has opened the first of 70 planned restaurants in Thailand by 2023.
Wahlburgers will soon open its sixth location in Manhattan’s Times Square. The company announced that over the next five years it plans to open 100 to 150 more locations.
Dunkin’ Donuts is testing on-the-go ordering and delivery service in some U.S. markets. In Portland, ME, 124 Dunkin’ restaurants will allow customers to order ahead of time through a smartphone application. About 19 cafes in Dallas are trying out delivery, and additional locations in Atlanta, Chicago, Los Angeles and Washington also will soon start delivery services as well.