Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Whataburger hired investment banking firm Morgan Stanley to help the company determine how best to fuel its expansion. The company will consider options including selling the company or part of it, re-franchising, finding large private investors or selling shares through an IPO, reported Houston Chronicle. Full Story
THE.FIT launched its menu personalization engine, which allows restaurants to create customized menus for each guest. THE.FIT's technology leverages AI to collect data, including ordering habits, demographics and social engagement. Full Story
Amazon led a $575 million funding round in UK restaurant delivery platform Deliveroo, bringing its total raised to date to $1.5 billion. The company will use the investment to build its engineering team in London, expand delivery reach and make new innovations in the food sector. Full Story
Chick-fil-A will open a location in Manteca, CA, reported The Modesto Bee. Full Story
Captain D's reopened its Gallatin, TN, location. Full Storyread more
Upper Saddle River, NJ (April 3, 2019) - The Food Institute tallied 527 food industry mergers and acquisitions in 2018, down almost 11% from 2017’s record year, according to its annual Food Business Mergers & Acquisitions report. Manufacturers, investment firms and retailers were once again the largest segments, taking part in more than half of the deals for the...
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