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Restaurant

  • Dunkin’ Donuts to develop 11 locations in New Orleans

    Canton, Mass. -- Dunkin’ Donuts announced the signing of multi-unit store development agreements with two franchise groups to develop 11 restaurants throughout New Orleans.

    The two franchise groups and their development plans include:

  • Cogent Group acquires the fee interest in 15 North Carolina KFC properties

    Dallas -- Real estate investment firm The Cogent Group said Tuesday that it has acquired 15 KFC properties in North Carolina. The properties are leased to a franchisee.
     
    The 15 units are located in prime retail corridors in the North Carolina Triad market consisting of Greensboro, Winston Salem, and High Point, with above average unit sales. The properties are subject to long-term triple net leases having an initial term of 20 years, plus renewal options.
     

  • Winick Realty to roll out South Asian restaurant concept in Manhattan

    New York -- Winick Realty Group said Tuesday it has been appointed the exclusive broker for Desi Shack, a fast-casual South Asian restaurant concept with one current location in Midtown East.

    Desi Shack plans to open two more locations within the next 12 months, seeking sites measuring 600 sq. ft. to 1,500 sq. ft. in the Financial District, Midtown East, Midtown West, Flatiron, Union Square, the Upper East Side and the Upper West Side of Manhattan.

     

  • Mood Media to retire Muzak brand name

    Toronto -- Mood Media announced that it is consolidating its portfolio companies — Muzak, DMX and Mood Media — into a single global brand under the Mood banner. Mood acquired Muzak, which was founded in 1934, in 2011.  

    “It’s the end of an iconic American brand,” said Lorne Abony, chairman and CEO Mood Media, in a New York Times report.
        

  • Dick’s, Corner Bakery to open at Shops at La Palmera

    Fort Worth, Texas -- Trademark Property Co. said Tuesday that Dick’s Sporting Goods and Corner Bakery Café will open this year at The Shops at La Palmera in Corpus Christi, Texas. The 61,233-sq.-ft. Dick’s store will anchor the 200,000-sq.-ft. redeveloped and rebranded center, located across from La Palmera mall. Construction on Dick’s is set to begin in February with opening slated for fall 2013.

    Scheduled to open in May is a 4,166-sq.-ft. Corner Bakery Café, adding to its 140 locations across the country.

  • Panera Bread names CFO

    St. Louis -- Panera Bread Company announced that Roger C. Matthews, Jr., has been appointed Panera's EVP and CFO, effective March 18.

    Matthews most recently served as managing director and sector head of the U.S. Restaurant Industry in Goldman Sachs' Investment Banking Division.

    Pat Kelly, who has served as Panera's Interim CFO since April 2012, will remain in place until the end of March to ensure a smooth transition.

     

  • Survey: Valentine’s Day timing to benefit restaurants

    San Francisco -- A survey released Monday by online reservation firm OpenTable found that, when Valentine’s Day bookends a weekend, it tends to benefit restaurants.

    Valentine’s Day, which falls on a Thursday this year, will likely be celebrated beyond the official day, as diners continue to celebrate over the following weekend.

    The Valentine’s Day survey also found that the projected check average this year is $139, which is 63% higher than the typical OpenTable check average of $85 per couple. 

  • Starbucks makes Vietnam debut; sees potential there for ‘hundreds’ of cafes

    New York -- Starbucks Coffee Co. on Friday opened its first location in Vietnam, following an expanded long-term relationship with Hong Kong Maxim’s Group.
     
    The two-level flagship store has been designed to reflect Starbucks’ signature coffee heritage, while embracing Vietnam’s distinctive local traditions and coffee culture. It is located the bustling neighborhood of Ho Chi Minh City’s District 1.

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