KFC named a longtime cooks, one with 25 years of experience, as "chief chicken officer." Aaron Person beat out 5,000 other cooks throughout the KFC system.
Yum! Brands Inc., the quick-service franchisor with some of the strongest international footholds of any restaurant company, said its growth abroad has only just begun.
With the economy improving and private-equity firms looking for opportunities to put their cash to work, 2011 is living up to expectations that it will be filled with restaurant industry mergers and acquisitions.
Real cooking is what separates Cafe Rio Mexican Grill from its competition, according to company officials. Limes are squeezed daily at each restaurant in the 39-unit chain. Cheese is grated fresh. Tortillas are made from scratch throughout the day and served hot off the griddle. And salsas, salad dressings and guacamole are all made in-house.
Most of the time, the finance-speak I hear in quarterly earnings calls or read in restaurant securities analysts’ research notes goes way over my head. Yet the talk surrounding the proposed sales of secondary chains at Wendy’s/Arby’s Group and Yum! Brands Inc. recently went straight to the heart of the matter for me.
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