Nation's Restaurant News On the Go Newsletter #20
Nation's Restaurant News
The #1 source of news and business intelligence for restaurant and foodservice industry professionals
Emerging brands and their unique needs
Hi, Joanna Fantozzi here, Senior Editor for Nation’s Restaurant News. ?This week, while I was attending one of our CREATE Roadshow events that are being held in the leadup to the CREATE Experience this fall in Palm Springs, Calif., I began to think about just how unique the individual needs of emerging brands are.
During the event, held at Industry East Side in Austin, Texas, our three panelists from Hopdoddy Burger Bar, Via 313 Pizzeria, and Chi’lantro BBQ discussed and debated some of the tough decisions that emerging restaurant concepts have to make as they grow, from figuring out where to open your next store to how to attract the attention of investors and private equity firms.??
The key takeaway for me was how different the needs of emerging restaurant brands are, both from each other and from some of the mid-sized and larger brands out there. Since I always think about operations through a technology lens, a good example is deciding whether to launch an app. We all know that online ordering capabilities are crucial to the success of nearly every restaurant out there, but do you really need a separate app or are third-party delivery partnerships enough? For one of our panelists, having a loyalty app was the perfect way to engage with customers, while another panelist frankly felt that the cost of investment was prohibitive.?
As always, it’s all about knowing the needs of your consumer, no matter if you’re one store or 1,000.??
Now let’s check out some headlines from the week.
Meet the 2023 Power List
There’s nothing more valuable than a great General Manager, so this year’s NRN Power List turns the spotlight toward those whose power is seen in individual communities across the U.S. Meet 25 outstanding general managers!
Claudia San Pedro steps down from Sonic Drive-In in Inspire Brands reshuffle
Sonic Drive-In brand president Claudia San Pedro is stepping down and temporarily exiting the workforce to focus on family medical matters, parent company Inspire Brands said Wednesday, and that has resulted in shuffles of the executive suite at that restaurant as well as at sister chain Arby’s. Another Inspire Brands concept, Buffalo Wild Wings, also named a new president.
Subway sale process proceeds as planned, sources say
Subway’s sale process is proceeding as planned, sources at the company said this week, with 10 or more potential suitors doing due diligence. Sources suggested a sale decision could come in May.
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Craveworthy Brands acquires Mongolian Concepts
Craveworthy Brands, a restaurant portfolio company created earlier this year by Gregg Majewski, has announced its acquisition of Mongolian Concepts. The deal is expected to close soon.
Singer Post Malone designs Utah Raising Cane’s
Singer Post Malone has designed a Raising Cane’s restaurant near his home in Midvale, Utah, with the renovation opening Thursday, the company announced.
Baton Rouge, La.-based Raising Cane’s said the collaboration is based on Malone’s longtime friendship with concept founder Todd Graves as well as the “Sunflower” and “Circles” singer’s own connection to the chicken finger brand.
Nation's Restaurant News has launched its first Market Leader Report: 2023 Restaurant Technology Outlook
Want to know what’s happening in restaurant tech today? We did, that’s why we surveyed nearly 400 restaurant operators on their current tech stacks, investment strategies, operational pain points and the tech tools they’re most excited about for the future.
You can find all of it in the 2023 Restaurant Technology Outlook, the debut report from the Nation’s Restaurant News Intelligence platform.
MenuMasters chefs innovate a new menu for the MenuMasters Celebration
NEW in 2023! The MenuMasters Award winners gathered at Johnson & Wales University to collaborate on a brand new, never before seen menu to be served at the Nation's Restaurant News MenuMasters Celebration, sponsored by Ventura Foods, on May 20th at The Drake Hotel Chicago.
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1 年Thanks for the updates on, The NRN Weekly Newsletter.