foodservice Bites
Dear Reader, Our weekly newsletter covers noteworthy and curious news from the international hospitality business. Find out what we've discovered about Subway, JAB Holding and Compass Group. Also, take a look at our market research on the consumer demand for restaurant openings.
Enjoy reading!
Your foodservice Bites team
All restaurant operators cannot wait to be able to open again – especially their Dine-In areas which are so essential for some players. Consumers saw that a little differently – at least back at the end of March. 69% of European consumers totally or somewhat agree to the statement that ‘re-opening does not have priority for me’. The harder a country is hit, the less people care about restaurants but simply have many other things to worry about. Those craving a bit more than others for restaurant doors to open are the younger consumers, especially heavy users of the industry.
www.npdgroup.com
The sandwich giant has laid off another 150 employees in its second major workforce reduction in three months. (Approx. reading time: 3 min.)
www.restaurantbusinessonline.com
Panera introduces curbside pickup
Using new technology, such as geofencing, the brand offers its customers an even better contactless pick-up experience. (Approx. reading time: 3 min.)
www.nrn.com
Compass Group seeks to raise £2 bn
The international catering group launched the the largest equity-raising of the coronavirus pandemic so far and will use proceeds to reduce debt. (Approx. reading time: 3 min.)
www.theguardian.com
Tom Bené, former Sysco Corp. executive, takes over the leading role at the the industry trade association. He will assume leadership one June 1. (Approx. reading time: 3 min.)
www.nrn.com
JAB Holding plans IPO for its coffee business
The holding wants to raise up to $2.2 bn in an initial public offering on the Euronext stock exchange in Amsterdam. (Approx. reading time: 2 min.)
www.businessinsider.com
A coronavirus experiment
A viral video from Japan aims to show how easily germs and viruses can spread in restaurants when just one person is infected. (Approx. reading time: 3 min.)
www.cnn.com
Working conditions in the meat industry seem to be a contributing factor the fast spread of the coronavirus in meatpacking plants across the world. (Approx. reading time: 4 min.)
www.vox.com
70m spoiled pints thrown away in the UK
According to an estimation by the British Beer & Pub Assocciation (BPPA) publicans in the UK had to throw away a total oaf 70m pints of spoiled beer during the coronavirus closure. (Approx. reading time: 2 min.)
www.morningadvertiser.co.uk
Inventors in the U.S. have developed a face mask that lets you eat without having to take it off. (Approx. reading time: 2 min.)
www.eater.com
Enjoy reading!
Your foodservice Bites team
Market Research
Are consumers waiting for restaurants to open again?All restaurant operators cannot wait to be able to open again – especially their Dine-In areas which are so essential for some players. Consumers saw that a little differently – at least back at the end of March. 69% of European consumers totally or somewhat agree to the statement that ‘re-opening does not have priority for me’. The harder a country is hit, the less people care about restaurants but simply have many other things to worry about. Those craving a bit more than others for restaurant doors to open are the younger consumers, especially heavy users of the industry.
www.npdgroup.com
Brands
Subway lays off headquarter staffThe sandwich giant has laid off another 150 employees in its second major workforce reduction in three months. (Approx. reading time: 3 min.)
www.restaurantbusinessonline.com
Panera introduces curbside pickup
Using new technology, such as geofencing, the brand offers its customers an even better contactless pick-up experience. (Approx. reading time: 3 min.)
www.nrn.com
Compass Group seeks to raise £2 bn
The international catering group launched the the largest equity-raising of the coronavirus pandemic so far and will use proceeds to reduce debt. (Approx. reading time: 3 min.)
www.theguardian.com
Operations
National Restaurant Association names new CEOTom Bené, former Sysco Corp. executive, takes over the leading role at the the industry trade association. He will assume leadership one June 1. (Approx. reading time: 3 min.)
www.nrn.com
JAB Holding plans IPO for its coffee business
The holding wants to raise up to $2.2 bn in an initial public offering on the Euronext stock exchange in Amsterdam. (Approx. reading time: 2 min.)
www.businessinsider.com
A coronavirus experiment
A viral video from Japan aims to show how easily germs and viruses can spread in restaurants when just one person is infected. (Approx. reading time: 3 min.)
www.cnn.com
Food & Beverage
Why meatpackig plants have become coronavirus hotspotsWorking conditions in the meat industry seem to be a contributing factor the fast spread of the coronavirus in meatpacking plants across the world. (Approx. reading time: 4 min.)
www.vox.com
70m spoiled pints thrown away in the UK
According to an estimation by the British Beer & Pub Assocciation (BPPA) publicans in the UK had to throw away a total oaf 70m pints of spoiled beer during the coronavirus closure. (Approx. reading time: 2 min.)
www.morningadvertiser.co.uk
By the way
An face mask for dining-outInventors in the U.S. have developed a face mask that lets you eat without having to take it off. (Approx. reading time: 2 min.)
www.eater.com