Del Frisco’s Restaurant Group set to acquire Barteca for $325 Million in Cash

Del Frisco’s Restaurant Group set to acquire Barteca for $325 Million in Cash

Del Frisco’s Restaurant Group, the Irving, Texas-based company known for its upscale steakhouses, announced it will be acquiring the Barteca Restaurant Group for $325million.

Announced Monday, the deal is expected to be complete by the end of the second quarter.

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It’s Official, Patrón Was Welcomed to the Bacardi Portfolio This Week

It’s Official, Patrón Was Welcomed to the Bacardi Portfolio This Week

As Cinco de Mayo approaches, many will be celebrating the Mexican holiday with tequila and most likely, a margarita.

Made from the world's finest Weber Blue Agave, one of the most popular tequila brands Patrón is now owned by a company that was founded more than 156 years ago in Cuba.

You read right!

This week, the super-premium spirits company, Bacardi, announced its acquisition of Patrón, the leading manufacturer of super and ultra-premium distilled spirits— widely known for its super-premium tequila.

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David Chang's Delivery-Only Restaurant "Ando" Acquired By UberEats

David Chang's Delivery-Only Restaurant "Ando" Acquired By UberEats

David Chang’s delivery-only restaurant, Ando, announced Monday that they have been acquired by UberEats.

It’s an interesting move for the delivery giant after Foodable reported on Uber’s jump into building virtual restaurants in established kitchens. It seems the next chapter for UberEats is producing their own food to deliver.

Uber is already on par to dominate the food delivery sector in 2018. “We’ll be the largest food delivery company in the world this year,” Uber CEO Dara Khosrowshahi said Monday at DLD in Munich.

According to the notice on Ando’s homepage, the company is shutting down its service, effective immediately, as it begins to integrate with Uber Eats. Since launching in May 2016, the company had been working with Uber Eats as a delivery partner, alongside other delivery services and a few of its own people.

UberEverything, the portion of the business not focused on ride-hailing, is run by Jason Droege who said in a statement, “We are committed to investing in technology that helps consumers, delivery and restaurant partners alike. Ando’s insights will help our restaurant technology team as we work with our restaurant partners to grow their business.”

It sounds like Uber will be combining their proprietary technology, which has allowed the business to anticipate and fill gaps in food offerings, with Ando’s technology, though Ando has not specifically said what their role will be in the new partnership.

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Square's Caviar Is Another Food Ordering Service Player in the Delivery Space

Have you ever tried Caviar? No. I don’t mean the pickled roe of sturgeon eaten as a delicacy.

Caviar is a food ordering service for popular restaurants that was acquired in August of 2014 by Square, Inc., the business tools company famous for its point-of-sale software.

What’s interesting about this platform is that it only features a hand-curated list of restaurant partners.

“We have teams with deep local knowledge that hand-curate our restaurant list focused on working with the best restaurants in every city across cuisine types and price points,” said Nick Adler, Caviar’s market operations lead. “Our close restaurant partnerships, in combination with our full logistics and marketing solution, enable Caviar to offer quick and reliable delivery and pickup, helping businesses to reach more customers, grow their sales, and expand their reach.”

Since the acquisition, Caviar’s weekly order volume has grown more than 11 times according to Adler, who’s been working for the company for over two and half years leading all locals teams that work with the couriers and restaurants on the ground in each market the platform serves. “Delivery and pickup are great ways for restaurants to grow sales beyond their tables, which is aligned with Square’s founding mission to ensure that a seller never misses a sale,” explains Adler referring to the reason why Square decided to get into the food delivery business.

To further Square’s mission, Caviar provides a variety of cross-channel, co-marketing services for restaurant partners, which includes in-app alerts and banners, email, and social mentions. In addition, professional photography of each restaurant and every dish available for delivery is provided by the San Francisco-based company. 

One of Caviar’s exclusive restaurant partners is Souvla, a greek-inspired fast casual concept that continues to expand in the Bay Area. The restaurant’s owner, Charles Bililies, told the San Francisco Chronicle, “In 2014, delivery was zero percent of the business...now, it’s about 24 percent of the business, which is pretty remarkable,” leading him to take into account orders from Caviar with each new location opening. This explains the need to food delivery services like Caviar, UberEATS and Postmates, to name a few.

Caviar has partnered with thousands of restaurants across the country, featuring high-profile chefs like Ivan Orkin of Ivan Ramen, Rick Bayless of XOCO and Red O, Ken Oringer of Coppa and Toro and recognized restaurant groups like Garces Group in Philadelphia and The Meatball Shop in New York. The platform operates in specific areas, in the following locations: California, District of Columbia, Illinois, Maryland, New York, Oregon, Pennsylvania, Texas and Washington State.

To learn more about Caviar, Foodable asked Nick Adler the following questions:

How does Caviar differentiate itself from its competitors?

Adler: Without referring to specific competitors, many of them don’t have a true partnership with restaurants and place phone orders without partnering with them. We are 100% focused on food. We don’t transport people, retail products, or other non-food items. Due to this focus on food, we’ve built unique competencies around food delivery - inclusive of presentation, packaging, operations and logistics - which allows us to deliver the best experience for diners, restaurants and couriers.

How do you ensure quality of the food when it’s being delivered through the Caviar courier service?

Adler: We only partner with couriers with thermal bags and the best equipment (like food separators, bikes with racks for pizza when applicable, etc.), work with our restaurant partners to use the best packaging for every type of food we deliver, and use smart algorithms to make sure the timing for each order is seamless and matches with the right courier. Our restaurant partnerships give us more data and information to learn from, and we’re always improving our algorithms with more inputs and variables that make them super accurate.

New life goal: Make sure #Fridays always taste this good 🍩

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Timing is a huge consideration when thinking of keeping food fresh and at the right temperature. The courier needs to arrive at the restaurant just as the restaurant finishes preparing the food, so it’s not waiting around on the counter, and the courier needs the right equipment and information to get the order to the diner fast.

What are all the services you provide to your restaurant partners?

Adler: We provide restaurants with an app to manage all their orders, pickup and delivery logistics such as matching couriers to deliver food, a range of marketing solutions, as well as consultation and expertise about their online menu and packaging. We also ship in-house [print] collateral to restaurants we work with to help educate their customers about all the ways they can order their favorite food. Some additional features include: pre-order for up to a week in advance, shared carts for large groups, and Caviar for Teams, a streamlined catering option. We do share high-level, anonymized data with our restaurants so they can better understand where their customers are ordering from, when they’re ordering, and what they’re ordering to make smarter business decisions.

How does the Caviar app for the back-of-house kitchen staff work?

Adler: Every restaurant can customize their app and experience for the kitchen staff to receive orders and to make sure that the process is optimized for their restaurant and operation. Each establishment has the option to integrate with kitchen printers directly so back-of-house staff can review orders as they come in, directly from the restaurant’s Caviar app.

As Suspected, Google Enters the Restaurant Space with Appetas Acquisition

Last month, we reported that Google had stepped into the hotel bookings space, wondering if restaurants may be the search engine giant’s next move. And so it goes, Google has just recently announced its acquisition with restaurant website builder Appetas. On Wednesday, the service announced that Google would be buying them out and building them up, with Appetas closing down.

With so many other companies boasting this service, what makes Appetas the chosen one? There are a few key factors here: Appetas integrates services like GrubHub and OpenTable, so restaurants can seamlessly feature reservations and/or delivery or to-go orders. Also, just like Google, Appetas’s aesthetic is clean and refined, while the functionality of it is super easy.

What will this mean for the future of Yelp? Read More

An Appetas sample site . | Foodable WebTV Network

An Appetas sample site. | Foodable WebTV Network