New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more
Deal for Subway chain worth up to US$9.55 billion
Arby's, Jimmy John's parent wins with 'earn-out' deal
Subway reportedly nears sale to Arby’s owner
Chain's parent firm considering sale since February
Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more
Montana’s restaurants commits to sustainable beef
Reading Time: < 1 minute Montana’s BBQ & Bar says that at least 30 per cent of the steaks it buys will come from farms certified by the Canadian Roundtable for Sustainable Beef. An official with the restaurant chain, which has about 100 locations across the country, says buying certified sustainable beef is part of its effort “to minimize the […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
China’s beef imports to drop as hotpot comes off the boil
Beijing | Reuters — Just over two months ago, the Jinyuan Fucheng Beef Hotpot restaurant in northern Beijing had a long line of customers waiting outside its doors almost every night of the week. Now, the restaurant that can seat 800 barely fills 20 tables a day, with most people still wary of dining out […] Read more
Kraft Heinz cuts output at three plants, adds mac and cheese shifts
Sao Paulo | Reuters — Kraft Heinz said Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the COVID-19 coronavirus outbreak, but its CEO noted the company has added shifts at others to meet demand for packaged foods such as macaroni and cheese. Speaking in a video presentation hosted […] Read more
Get Cracking: It’s boom time for egg farmers
All-day breakfast has the egg sector scrambling to keep up with demand
Reading Time: 3 minutes The latest hot trend in fast food is boosting the fortunes of egg farmers in Alberta and across the country. “Egg sales have gone up all across Canada because of the all-day breakfast,” said Egg Farmers of Alberta chair Beatrice Visser. “We have increased the consumption.” That’s putting it mildly. Egg sales have been rising […] Read more
Getting on the menu
Reading Time: < 1 minute Getting Into Local Restaurants takes place Feb. 9 at the Agri-Food Business Centre in Leduc. “You will meet two chefs and the local producers who supply them, discover what chefs look for in a local food product, explore techniques for getting in the restaurant door and establishing a strong business relationship, and learn about plate […] Read more
Cyber-Savvy Farmer
