Private-equity firm Rhone Capital will acquire Brazilian steakhouse chain Fogo de Chao for $560 million, the company said Tuesday. The chain has 38 US restaurants with plans to grow to 100 or more, and it's also focused on international growth, Chief Executive Officer Larry Johnson said.
Modern takes on the Jewish deli are opening across the US, putting a new spin on traditional cuisine popularized by iconic delis including New York City's now-closed Carnegie Deli. "We're taking the Jewish deli food back to its roots, but kind of pushing the rest of the experience forward," said Michael Kassar, co-owner of Wexler's Deli in Los Angeles, which serves sustainably sourced fish and hormone-free meat.
The parent of IHOP and Applebee's Neighborhood Grill & Bar has changed its name from DineEquity to Dine Brands Global, reflecting the company's increased focus on international growth, Chief Executive Officer Stephen Joyce said. The company will close between 90 and 120 units this year, even as it seeks new brands for expansion and franchisees plan up to 15 new international locations.
Domino's Pizza opened 1,045 new units last year and booked sales of $12.2 billion, surpassing rival Pizza Hut's $12 billion in sales. The company's growing size gives it an increased ability to negotiate better deals from suppliers, said Chief Executive Officer and President J. Patrick Doyle said.
School-menu options were on display during the Region 5 Education Service Center Food Service Cooperative's annual food show at the Beaumont Civic Center in Texas. The event drew more than 1,000 students and school administrators who sampled items and voted for their favorites.
Some students at a West Virginia middle school are arriving to school early and participating in a walking challenge. Students log their steps as part of a competition for which the winning team earns an extra period of physical education.
Fewer students are eating school meals under federal nutrition mandates, school nutrition professionals in a Missouri district say -- resulting in a $100,000 decline in revenue. Now, district leaders plan to opt out of the federal school nutrition program to secure more flexibility in menu planning.
Red Lobster has launched a campaign to give consumers more information about the source of the seafood it serves, one of a growing number of restaurant chains and food retailers working to demonstrate the authenticity of their food supply chains. The company has completed a supply chain review, and all of its seafood is now responsibly sourced and sustainable, Chief Executive Officer Kim Lopdrup said.
Half of women who work in science, technology, engineering and math say they have experienced discrimination, including being paid less than men and being treated as if they are inept, according to a Pew Research Center study. Women who face the most discrimination include those with postgraduate degrees and those working in male-majority settings, the study finds.
Students enrolled in the Youth Food Literacy Program in Orange County, Calif., are learning about food production and healthy eating. Lessons include preparing meals, picking vegetables and meeting with local farmers.
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