Which Chain Will the Parent Company of Applebee's Acquire?

In a recent interview, Steve Joyce, the Chief Executive Officer of Dine Brands Global Inc., said that the company is looking to acquire a new restaurant chain and is already in talks with a few.

“We’re looking at a number of different concepts,” said Joyce in an interview. “There are several conversations going on right now.”

Dine Brands Global restaurant empire already has thousands of stores including all the IHOP and Applebee’s locations.

The company is likely to acquire a fast casual brand versus another brand in the casual dining space.

"I want a brand within a year," said Joyce to "Business Insider" in May. "We're going to find the right brand and the right opportunity, but more than likely it's going to be fast-casual. We want to get into a category that's growing faster than the categories we're in."

Joyce also said that the company isn't necessarily looking for an already established chain, instead, the company is hoping to grow a regional brand.

“What we bring to that founder is the opportunity to take their dream from a regional brand to a nationwide, and potentially global brand,” said Joyce.

Darden Restaurants Inc. recently invested $780 million to acquire Cheddar’s Scratch Kitchen. Then in May, Del Frisco’s Restaurant Group, the Irving, Texas-based company known for its upscale steakhouses, announced that it would be acquiring Barteca Restaurant Group for $325 million.

The parent company of Arby's– Roark Capital, which also owns Auntie Anne's, Carvel and Jimmy John's, has made two major acquisitions in the last year. First, Roark acquired Buffalo Wild Wings for $2.9 million. Then it announced at the end of September that it would also be acquiring the fast food chain Sonic Drive-in.

Read more about how Dine Brands Global is aiming to make a big acquisition sooner than later at "Bloomberg."

It’s no secret at legacy brands in the casual dining space are struggling in this market. Watch the video below to see the impact millennials have had on this segment.

Enough Already! 3 Things About Restaurant Profits You Need to Hear

Enough Already! 3 Things About Restaurant Profits You Need to Hear

How are the profits in your restaurant? Great? Amazing? Is it your best year ever or are your profits on life support? Wherever you are now, it can be said that you want more. It’s human nature to want to climb to the top. 

The restaurant business can be very brutal on people at times especially when it comes to the area of making money. How do you beat the odds and maximize your profit potential? Here are 3 things that are getting in the way of you and your profits:

Read More

The Cheesecake Factory’s New Fast Casual Concept Won’t Serve Cheesecake

The Cheesecake Factory’s New Fast Casual Concept Won’t Serve Cheesecake

The Cheesecake Factory is working on a menu for their new fast casual restaurant, Social Monk Asian Kitchen, which will have items like noodles, curries, sandwiches, salads, and rice bowls, according to Eater. Cheesecake is not on the listing.

Founder and CEO for the brands, David Overton, told Eater, "We were really interested in creating a new concept, and thought Asian food would lend itself very well to a fast-casual setting."

Read More

Chef Eileen Andrade Aims to Make a Destination Out of Miami Suburb, Kendall

Chef Eileen Andrade Aims to Make a Destination Out of Miami Suburb, Kendall

"If I could describe my style of cooking, I would definitely say— bold," says Chef Eileen Andrade.

And “bold” is right as her restaurants serve up a combination of Cuban, Peruvian and Korean dishes.

There is no stopping this fierce Miami-based chef from accomplishing her goals.

In her mid-twenties, Eileen Andrade, opened her first restaurant, Finka Table & Tap in Kendall, an unassuming suburban Miami neighborhood. Now, the 29-year-old sits down with Foodable to talk about her newest restaurant concept, Amelia’s 1931, which she opened less than a mile away from her first concept.

Read More

How Supermarket Foodservice Can Compete with Restaurants

How Supermarket Foodservice Can Compete with Restaurants
  • If supermarkets follow these tips they can position their business to better compete with restaurants in the fast casual segment.

  • Grocery retailers can have the real upper hand with time-saving shoppers if they amped their foodservice capabilities.

Grocery stores are uniquely positioned to compete with restaurants when it comes to serving up fresh meals.

Sure. Consumers have more choices today than they did a decade ago with the rise of restaurant openings (especially in the fast-casual segment), but supermarkets can be a one-stop-shop for time-saving shoppers.

It’s true… more and more restaurants are offering healthier options, but if grocery stores can perfect their foodservice game, they will have the real upper hand.

As Supermarket News reports, there are nine things these businesses can do to streamline their operations. Here are four that stood out to us:

Read More