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.

Puerto Rico is Leading the Way in Adoption of the Independent Craft Brewer Seal

Puerto Rico is Leading the Way in Adoption of the Independent Craft Brewer Seal
  • What will it take for the remaining craft breweries to adopt the seal?

  • Will these efforts and technicalities benefit or hinder the growth in the craft beer segment?

It looks like the Brewers Association (BA) has been able to convince many small and independent craft breweries to adopt the Independent Craft Brewer Seal.

This many to be exact— 3,524.

This effort, of course, emerged as big beer companies, like Anheuser-Busch InBev (AB InBev), had been slowly but steadily acquiring more and more craft breweries to expand their portfolio and better capitalize on the small-batch beer consumer trend.

Foodable took interest on the subject last year and decided to compare three previously craft beer brands that were acquired by big beer companies to compare consumer sentiment before and after their buyouts. The result? The two brands that were acquired by a bigger beverage company actually had higher sentiment scores after the acquisition. This could be due to many different factors, including more resources for equipment, quality lab testing, and even marketing.

Read More

Albertsons Acquires Meal Kit Company Plated

Albertsons Acquires Meal Kit Company Plated

Move over Blue Apron, one of the meal kit company’s biggest competitors Plated is now making headlines.

One of the largest grocery store companies in the nation, Albertsons has announced that it is buying Plated for an undisclosed price.

While the meal kit industry as a whole has seen some impressive growth that is expected to continue, Blue Apron’s recent IPO has been perceived as “lukewarm.”

Plated, along with Hello Fresh, are the other meal kit companies gaining traction in the market.

Even Kraft is jumping on the meal kit bandwagon. The company has just partnered with Oprah on a meal program that will be available soon in brick and mortar retail stores.

But after Amazon’s acquisition of Whole Foods, the pressure on food companies to offer consumers more on-demand food options has drastically increased.

“Today’s consumer is looking for a variety of personalized shopping alternatives, and this transaction is the latest example of Albertsons Cos. meeting our customers wherever and however they like to shop,” said Bob Miller, chairman and CEO of Albertsons Companies in a press release. “With Plated, we’ve found a partner who shares our commitment to delicious, affordable food; superior technology and innovation; and world class customer service. Plated knows its customers better than anyone, and together we will accelerate our ability to serve them. We are excited to offer our customers more online options and fresh, quality ingredients along with distinctive recipes at their doorstep or through traditional shopping trips.”

Read More

A Lawsuit Against Chipotle & What the Acquisition of Technomic Means for Big Data in Foodservice

Chipotle gets hit with a class-action lawsuit for GMO marketing and Technomic gets acquired by Winsight Media. We cover these topics in this episode of On Foodable Weekly, brought to you by the Foodable WebTV Network.

How might this lawsuit affect Chipotle, its brand message, and restaurant visits? Bill Bender, industry consultant and co-host of “Rock My Restaurant,” joins host Paul Barron to discuss. Also making a guest appearance in this episode is Jessica Bryant, the managing editor at Foodable, to discuss the Technomic acquisition, how data will continue to affect the restaurant space in different ways, and what the difference is between structured data and unstructured data.

Winsight, LLC Announces Technomic Acquisition

Winsight, LLC Announces Technomic Acquisition

The restaurant and foodservice industry is constantly evolving to become bigger, better, and bolder. Partnerships, acquisitions, and IPOs have certainly been ramping up and show no signs of slowing down. And in a technology- and social-driven business landscape, data has become vital to make better decisions.

In more recent news, it was announced yesterday that Technomic, a leading resource in the foodservice industry for market trends and strategic insights, has been acquired for an undisclosed amount by Winsight, LLC, a business-to-business foodservice industry media company formerly known as CSP Business Media.

Read More