Wednesday, July 16, 2025
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Katie Lee

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3G Capital Agrees to Acquire Skechers for $9.4 Billion, Take Company Private

by Katie Lee

Manhattan Beach, Calif. & New York City — Global investment firm 3G Capital has entered into an agreement to acquire footwear retailer Skechers USA Inc. The sales price is $9.4 billion, according to The Wall Street Journal. Upon completion of the transaction, Skechers will become a privately held company. New York City-based private equity firm 3G will pay $63 per share in cash, representing a premium of 30% to Skechers’ 15-day, volume-weighted average stock price. The transaction also includes the option for existing shareholders of Skechers to instead receive $57 …

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green newsIndustry Voiceskitchen equipmentkitchen exhaust/grease controlrestaurantssoftware/technologyvendorswaste management/recycling

Clear Standards

by Katie Lee

— By Alex Lundy — When fryers are at the heart of a kitchen, complete oil management protects profits. For restaurants where fried chicken, french fries, and other deep-fried dishes dominate the menu, fryer oil is not just an ingredient — it’s a cornerstone of the business. As one of the most significant recurring expenses, its management can directly impact both costs and customer satisfaction. Despite inflation’s squeeze on operating budgets, cutting corners on fryer oil is a risky gamble. The freshness and quality of the oil are fundamental to …

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Industry Voicespest controlrestaurantsvendors

Make No Mistake

by Katie Lee

— By Scott Green — Pest control in restaurants: What you’re getting wrong and how to fix it. Pest control is a critical aspect of restaurant management that directly impacts health standards, customer satisfaction and operational efficiency. Despite best efforts, many establishments fall short in pest-proofing, often due to overlooked vulnerabilities and emerging pest threats. Under-standing the common mistakes and what emerging threats to look out for is essential in maintaining a pest-free environment. Common Mistakes in Restaurant Pest-Proofing Restaurants can provide an inviting environment for pests due to the …

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construction and designfranchise developmentNewsremodelsrestaurants

Moe’s Southwest Grill Marks 25th Anniversary with 4 Straight Years of Growth

by Katie Lee

Atlanta — This May, Moe’s Southwest Grill®, one of the seven brands within the GoTo Foods platform company, unveils a record-breaking average unit volume (AUV) of $1,235,422 in 2024, showcasing 4 consecutive years of growth. It is also the brand’s 25th anniversary. Under the recent leadership of its chief brand officer, Mike Smith, who was appointed in October 2024, Moe’s continues to revolutionize the fast-casual Mexican dining space. Key Initiatives Driving Significant Brand Evolution: • Strengthening Franchise Development: Over the past year, Moe’s opened 15 new locations across the country. …

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construction and designNewsretailers

Bob’s Discount Furniture to Open 20 New Stores in 2025, Including Debuts in Vermont and North Carolina

by Katie Lee

Manchester, Conn. — Bob’s Discount Furniture plans to open 20 new stores in 2025, further expanding its presence in the U.S. The new locations will include Bob’s first-ever stores in Vermont and North Carolina. Among the 20 stores, six will be located in North Carolina, marking Bob’s entry into the Southeast. Its Vermont location in Williston will be Bob’s first in the state, reinforcing the company’s strong ties to the Northeast, where it was founded in 1991. “We’re excited to bring our on-trend assortment of furniture, mattresses and home accents …

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franchise developmentNewspeoplerestaurantssoftware/technology

FAT Brands Names Chief Information Officer

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has hired Drew Martin as chief information officer. Martin joins FAT Brands with over 35 years of IT experience and will be focused on delivering scalable technological solutions to progress the growth of FAT Brands. Martin’s diverse background includes serving as senior vice president and CIO for Jack in the Box and senior vice president and CIO for Sony Electronics. Other previous ventures include PepsiCo, leading the digital transformation/supporting the sale of Jenny Craig, and serving as executive vice president and …

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NewsProduct Spotlightretailerssoftware/technologyvendors

Lowe’s Deploys First At-Scale AI Assistant for Retail Associates

by Katie Lee

Charlotte, N.C. — Lowe’s has launched Mylow Companion, an AI tool aimed at improving customer service and speeding associate onboarding. Purpose-built for associate sales floor devices, the app provides fast access to product details, project advice and inventory information. The launch to all associates across Lowe’s more than 1,700 stores marks the first time a retailer has successfully implemented this kind of technology at scale. Associate expertise is uniquely valuable for home improvement retailers, as customers ask daily about a variety of complex projects and thousands of different products. Mylow …

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construction and designNewspeoplerestaurants

Local Kitchens Names New CEO; Plans to Open First L.A. Location in June

by Katie Lee

San Francisco — Local Kitchens, a category-defining restaurant brand known for its menu collaborations with award-winning chefs, has appointed Jay Gentile as its new chief executive officer. This leadership transition comes as its co-founders, Andrew Munday and Jon Goldsmith, step away from day-to-day operations, with Goldsmith continuing as chairman of the board. Gentile brings a wealth of experience in scaling and evolving restaurant brands, most recently leading Veggie Grill and its family of concepts. With a deep background in operations and market expansion, he successfully introduced and grew Caffè Nero …

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NewsProduct Spotlightrestaurantssoftware/technologyvendors

Toast Launches AI-Powered Intelligence for Restaurants

by Katie Lee

Boston — Toast has introduced ToastIQ, an intelligence engine delivering timely prompts, personalized recommendations and automated workflows designed to transform daily restaurant operations. Built natively into Toast’s end-to-end platform, ToastIQ draws on insights from millions of transactions and interactions across 130,000+ locations and fuses Toast’s deep hospitality expertise and integrated platform with AI, historical patterns and proprietary insights. As it evolves, ToastIQ will enable every role — from server to general manager to chef — to operate faster, smarter and more efficiently. Key features include: For servers: • Menu Upsells: …

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construction and designNewsretailerssoftware/technologyvendors

Walmart, Alquist 3D Complete Second 3D-Concrete Build in Alabama

by Katie Lee

Huntsville, Ala. — Walmart Inc. and Alquist 3D LLC, in partnership with FMGI, Inc., have completed the team’s second groundbreaking 3D concrete printing (3DCP) build that sets a new industry record for speed of commercial construction. The walls of the 5,000-square-foot expansion at Walmart Supercenter #5197 outside Huntsville, Ala., were “printed” in just 75 hours, significantly faster than traditional CMU (cement masonry unit) building methods. “In a commercial construction world that pays so much attention to project timelines and costs, our work with Walmart shows that 3D printing isn’t just …

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