Restaurant

Popmenu Raises $65M Funding Round Led by Tiger Global to Accelerate A.I.-Powered Digital Solution for Restaurants

Friday, June 11, 2021 - 5:46pm

Popmenu , the all-in-one digital marketing and ordering SaaS platform for restaurants, announced today that it has raised a $65 million Series C funding round.

Key Points: 
  • Popmenu , the all-in-one digital marketing and ordering SaaS platform for restaurants, announced today that it has raised a $65 million Series C funding round.
  • Tiger Global Management led the investment, in addition to participation from new investor Salesforce Ventures and existing investors Bedrock Capital , Base10 , and Felicis Ventures .
  • Popmenu plans to use the funding to accelerate development of its all-in-one solution, Popmenu Max, that builds on patented menu technology and includes A.I.-powered features to help restaurants around the world attract, engage, transact with, and re-market to guests more efficiently than ever before.
  • Popmenu works with 5,000+ locations and offers flexible solutions for restaurants and hospitality groups of all sizes.

Kraft Heinz Announces Agreement to Purchase Assan Foods, Headquartered in Istanbul, Turkey

Friday, June 11, 2021 - 3:03pm

The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz) announced today that it has reached an agreement to purchase Assan Foods from privately held Turkish conglomerate Kibar Holding in a deal that values the enterprise at approximately $100 million.

Key Points: 
  • The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz) announced today that it has reached an agreement to purchase Assan Foods from privately held Turkish conglomerate Kibar Holding in a deal that values the enterprise at approximately $100 million.
  • The Kraft Heinz Company announced today that it has reached an agreement to purchase Assan Foods from privately held Turkish conglomerate Kibar Holding.
  • (Photo: Assan Foods)
    This is a great opportunity to accelerate our international growth strategy centered on Taste Elevation, said Rafael Oliveira, International Zone President at Kraft Heinz.
  • We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Lets Make Life Delicious.

Latin America Limited-Service Restaurants Market Report 2021 and the Impacts of COVID-19 - Regional Overview, Leading Companies and Brands, Forecast Projections, Country Snapshots - ResearchAndMarkets.com

Friday, June 11, 2021 - 2:44pm

The "Limited-Service Restaurants in Latin America" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Limited-Service Restaurants in Latin America" report has been added to ResearchAndMarkets.com's offering.
  • Consumer foodservice has been strongly impacted by COVID-19, due to strict regulatory and quarantine measures, leading to many outlet closures.
  • Limited-service restaurants is, however, the category that best aligns with post-pandemic price sensitivity and the previous socioeconomic instability of many regional markets.
  • Independent operators dominate, but chains have managed to gain share owing to their greater financial strength.

Online Ordering and Loyalty Platform Provider Appfront Joins PAR Technology’s Brink Integration Partner Ecosystem

Friday, June 11, 2021 - 12:30pm

ParTech, Inc. (PAR) , a global restaurant technology company and unified commerce cloud platform for enterprise restaurants, is adding Appfront, an online ordering and loyalty platform, to its industry-leading Brink POS ecosystem.

Key Points: 
  • ParTech, Inc. (PAR) , a global restaurant technology company and unified commerce cloud platform for enterprise restaurants, is adding Appfront, an online ordering and loyalty platform, to its industry-leading Brink POS ecosystem.
  • Appfront gives restaurant operators the power to create a streamlined ordering experience for their guests by integrating directly with Brink POS.
  • Appfront is an end-to-end SaaS platform that enables restaurant owners to build their entire online ordering experience within minutes.
  • With the recent acquisition of leading loyalty solutions provider Punchh Inc., PAR has become a Unified Commerce Cloud Platform for Enterprise Restaurants.

The Cheesecake Factory Incorporated Prices Offerings of Convertible Senior Notes and Common Stock

Friday, June 11, 2021 - 5:25am

The Cheesecake Factory Incorporated (NASDAQ: CAKE) (the Company) today announced the pricing of its concurrent public offerings of $300,000,000 aggregate principal amount of 0.375% convertible senior notes due 2026 (the notes) and 3,125,000 shares of common stock, at a public offering price of $56.00 per share.

Key Points: 
  • The Cheesecake Factory Incorporated (NASDAQ: CAKE) (the Company) today announced the pricing of its concurrent public offerings of $300,000,000 aggregate principal amount of 0.375% convertible senior notes due 2026 (the notes) and 3,125,000 shares of common stock, at a public offering price of $56.00 per share.
  • The issuance and sale of the notes and common stock are scheduled to settle on June 15, 2021, subject to customary closing conditions.
  • The initial conversion rate is 12.7551 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $78.40 per share of common stock.
  • The initial conversion price represents a premium of approximately 40% over the public offering price per share of common stock in the common stock offering.

FCPT Announces Acquisition of a Two Property Portfolio for $2.7 Million

Thursday, June 10, 2021 - 9:34pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property and a Monro Auto Service and Tire Center property for $2.7 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property and a Monro Auto Service and Tire Center property for $2.7 million.
  • The properties are located in a strong retail corridor in New York and are both corporate-operated under triple net ground leases with approximately four years of weighted average term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

Utz Brands, Inc. Declares Quarterly Cash Dividend

Thursday, June 10, 2021 - 9:15pm

Utz Brands, Inc. (NYSE:UTZ) (Utz or the Company), a leading U.S. manufacturer, marketer and distributor of high-quality, branded snacking products, today announced that its Board of Directors declared a regular quarterly cash dividend of approximately $0.05 per share on the Companys Class A Common Stock.

Key Points: 
  • Utz Brands, Inc. (NYSE:UTZ) (Utz or the Company), a leading U.S. manufacturer, marketer and distributor of high-quality, branded snacking products, today announced that its Board of Directors declared a regular quarterly cash dividend of approximately $0.05 per share on the Companys Class A Common Stock.
  • The cash dividend will be funded by cash distributions made by Utz Brands Holdings, LLC (Utz Brands Holdings) to Utz and the other holders of Utz Brands Holdings common units on a pro-rata basis.
  • Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands including Utz, ON THE BORDER Chips & Dips, Golden Flake, Zapps, Good Health, Boulder Canyon, Hawaiian Brand, and TORTIYAHS!, among others.
  • Based in Hanover, Pennsylvania, Utz operates fifteen facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Massachusetts, Michigan and Washington.

Arcos Dorados Publishes Its 2020 Social Impact and Sustainable Development ESG Report for Latin America and the Caribbean

Thursday, June 10, 2021 - 9:05pm

Arcos Dorados Holdings, Inc. (NYSE: ARCO) (Arcos Dorados or the Company), Latin Americas largest restaurant chain and the worlds largest independent McDonalds franchisee, today presented its 7th Social Impact and Sustainable Development Report for Latin America and the Caribbean.

Key Points: 
  • Arcos Dorados Holdings, Inc. (NYSE: ARCO) (Arcos Dorados or the Company), Latin Americas largest restaurant chain and the worlds largest independent McDonalds franchisee, today presented its 7th Social Impact and Sustainable Development Report for Latin America and the Caribbean.
  • The Social Impact and Sustainable Development Report for Latin America and the Caribbean also details Arcos Dorados commitment to the communities it serves and how it quickly adapted to the challenges faced in 2020.
  • To download the Companys full 2020 Social Impact and Sustainable Development Report, which is available in English, Spanish and Portuguese, please visit www.recetadelfuturo.com .
  • Arcos Dorados is the worlds largest independent McDonalds franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean.

Grubhub Launches "We Serve Restaurants" as Restaurants Reopen Their Doors and Evolve Post-Pandemic

Thursday, June 10, 2021 - 6:53pm

Restaurants were, and always have been, vital to our every day, and now their recovery is crucial," said Matt Maloney, founder and CEO of Grubhub.

Key Points: 
  • Restaurants were, and always have been, vital to our every day, and now their recovery is crucial," said Matt Maloney, founder and CEO of Grubhub.
  • "As communities reopen and we enter this next chapter, we're dedicated to helping restaurants do what they love while successfully building their business."
  • "We Serve Restaurants" was created out of Grubhub's commitment to put restaurants and their needs first.
  • Grubhub features over 300,000 restaurants and is proud to partner with over 280,000 of these restaurants in over 4,000 U.S. cities.

Playstudios Partners With Peppermill Resorts to Bring Players Exclusive Rewards at Peppermill Resort Spa Casino in Reno and Montego Bay Casino and Resort

Thursday, June 10, 2021 - 5:00pm

As part of its ongoing commitment to expand rewards opportunities for millions of players worldwide, PLAYSTUDIOS is teaming up with Peppermill Resorts to offer exclusive rewards at its AAA Four Diamond Peppermill Resort Spa Casino in Reno, Nevada and Montego Bay Casino and Resort in West Wendover, Nevada.

Key Points: 
  • As part of its ongoing commitment to expand rewards opportunities for millions of players worldwide, PLAYSTUDIOS is teaming up with Peppermill Resorts to offer exclusive rewards at its AAA Four Diamond Peppermill Resort Spa Casino in Reno, Nevada and Montego Bay Casino and Resort in West Wendover, Nevada.
  • The expanded playAWARDS rewards portfolio offers both midweek and weekend complimentary guest rooms, exclusive player rates, and free casino play at Peppermill Reno.
  • The partnership will also include a selection of rewards available at Peppermill Renos sister property, Montego Bay Casino and Resort.
  • Montego Bay in West Wendover is a multistate destination for gaming, golf, and entertainment at the famed Peppermill Concert Hall.