Chain News & Profiles includes news on chain restaurants, operations, profiles, trend pieces and new concepts.
While the majority of the foodservice industry took its lumps during the U.S. recession, the fast-casual segment remained resilient. In fact, the segment enjoyed a 4.5 percent increase in sales in 2009, according to Technomic, a Chicago-based market research firm. While the segment did benefit from consumers trading down, its success was also due to operators' willingness to continue to develop their menu mix to meet consumers' ever-evolving tastes. Take, for example, Camille's Sidewalk Café.
Qdoba Mexican Grill promoted a pair in its restaurant operations department and an other in the area of franchise development.
In an attempt to drive shareholder value, according to a company release, Wendy's/Arby's Group, Inc. (NYSE:WEN), is exploring strategic alternatives for Arby's Restaurant Group, Inc., including a sale of the brand. A quick-service sandwich chain, Arby's operates nearly 3,700 restaurants. In contrast, Wendy's operates 6,500 restaurants in more than 20 companies.
Fcusing on international growth, Yum! Brands, Inc. (NYSE:YUM - News) has placed its Long John Silver's and A&W All-American Food Restaurants for sale. The company has also begun the process to identify a buyer.