Chain Operations includes chain profiles, news on chain restaurants, trend pieces and new concepts.
Despite a tough year in terms of both real estate and franchisee financing, Moe's ended 2010 with revenues up 8 percent, 30 new units opened and comp-store sales ahead by 5.4 percent. Significantly bigger gains in both sales and units are expected this year, says president Paul Damico, thanks to a combination of menu innovation, ongoing promotions and a major new positioning campaign.
Fast-casual bakery café operator Au Bon Pain has announced plans to remodel all 318 of its locations. Au Bon Pain also announced the veteran executive chef Stefano Cordova has joined the company to lead its culinary efforts.
In a potential sign of things to come, Atlanta-based private equity firm Roark Capital has reached a pair of agreements that allow it to purchase three restaurant chains from their respective owners including Arby's, Corner Bakery Café and Il Fornaio Restaurants and Bakeries.