Author

Katie Lee

energy managementgreen newsmanagementNewsproperty managementretailersvendors

California’s Sierra Vista Mall Adds Solar Panels from King Energy

by Katie Lee

Clovis, Calif. — The Sierra Vista Mall has added a new solar program from King Energy that is expected to generate 2,830 megawatts of sustainable energy annually for the 762,000-square-foot shopping mall in Clovis, Calif. “This groundbreaking solar initiative represents a significant step forward in our commitment to environmental stewardship at the Sierra Vista Mall,” says Elliot Nassim, president of Mason Asset Management. “In addition to its remarkable environmental impact, this solar program will generate numerous benefits for Sierra Vista Mall and the local community. By decreasing reliance on non-renewable …

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Newsrestaurants

Roark Capital Agrees to Acquire Subway Restaurant Chain

by Katie Lee

Milford, Conn. — Private equity firm Roark Capital has entered into a definitive agreement with Subway to acquire the Milford, Conn.-based restaurant chain. The price was not disclosed, but according to CNBC, Subway previously sought $10 billion, and The Wall Street Journal reported on August 21 that Roark offered $9.6 billion. According to CNBC, other bidders reportedly included TDR Capital and Sycamore Partners. Founded more than 50 years ago by Peter Buck and Fred DeLuca, Subway boasts 36,592 restaurants globally, according to the company website. Market-research firm Technomic has reported that the chain garnered $9.8 billion …

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Newspeopleretailers

Howard’s Appoints Industry Leader as CEO

by Katie Lee

La Habra, Calif. — The board of directors of Howard’s, Southern California’s premier independent appliance/TV/mattress retailer, has appointed industry leader Peter Boutros as its new chief executive officer. Boutros will also join the company’s board of directors. Boutros is a respected retail and branded consumer goods executive with broad management experience. As CEO, Boutros will position the company for a new era of Howard’s omnichannel growth. “Peter’s an accomplished executive with a strong record in C-suite leadership roles and deep general management experience at Kenmore/Craftsman/Diehard, Disney and Nestle. He is …

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Newspeoplerestaurants

Subway® Announces New Senior Leadership Appointments

by Katie Lee

Miami — Subway, one of the world’s largest restaurant brands, has announced leadership transitions. After an 18-year tenure, Subway’s president of North America, Trevor Haynes, plans to leave the company at the end of the calendar year. Haynes, who joined Subway in 2006 as territory manager in Australia, has worked across several continents and held significant leadership positions during his time with the brand, including chief business development officer and interim CEO. Douglas Fry, country director of Subway Canada, will assume the role of president of North America, effective September …

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energy managementgreen building/LEEDgreen newsNewsretailers

Albertsons Companies Releases 2023 ESG Report

by Katie Lee

Boise, Idaho — Albertsons Companies has released its 2023 Environmental, Social and Governance (ESG) Report, highlighting the company’s ESG progress and reaffirming its commitments to fight food insecurity in local communities and embed sustainability practices across its operations. “Our latest report further solidifies our long-standing commitment to support the thousands of communities we serve and the planet we share,” says Vivek Sankaran, CEO of Albertsons Cos. “In 2022, we made meaningful progress against our commitments, further aligning what we do with who we are as a company. We will continue …

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Industry Voicesrestaurantssignage

Their Story

by Katie Lee

— By Jon Jaggers — How to leverage brand heritage in the restaurant industry and beyond. Have you ever found yourself drawn to a restaurant not just because of the food, but because of its unique history and story? Maybe it’s a local diner that’s been around for decades, or a chain that’s been passed down from generation to generation. Whatever it may be, brand heritage is a powerful tool in the food and beverage industry. In this post, we’ll dive into why brand heritage matters, and how it can …

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flooring/floor careIndustry Voicesrestaurants

Stick With It

by Katie Lee

— By Mickie Bollinger — How to get a grip on floor safety. Slips, trips and falls have unfortunately provided the source material for countless viral videos on social media, but business owners and facility managers know they’re no laughing matter. Whether it’s a team member who’s at risk due to unsafe working conditions, or a customer who encounters slippery floors when they enter your building, there’s great potential for injuries and liability claims if you’re not all in on floor safety. Slips, Trips and Falls by the Numbers The …

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construction and designfranchise developmentNewsrestaurants

QDOBA Plans to Double in Size Over the Next Decade

by Katie Lee

San Diego — QDOBA, America’s #2 fast-casual Mexican restaurant brand, is planning for rapid expansion. With 750 restaurants in 45 states, the privately held company expects to double in size over the next decade, with plans to open 40 new restaurants this year, followed by 60 in 2024, and 80+ annually beginning in 2025. “QDOBA is an exceptionally well positioned brand in one of the most attractive restaurant categories. We possess long-standing momentum, strong unit economics, a compelling operating model, an extraordinarily passionate guest following and significant untapped geographic potential,” says …

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Newsretailers

FRANKIE4 Expands U.S. Presence, Including a New Flagship Store in Seattle

by Katie Lee

Seattle — After landing stateside 2 years ago with its U.S. e-commerce platform, Australia-based women’s footwear brand, FRANKiE4, is amplifying its presence in North America. The brand recently rolled out wholesale partnerships with Nordstrom and J.Jill and will open a flagship store in Bellevue, Wash., just outside of Seattle, in September. This will be a permanent location following the success of its Bellevue Square pop-up location, which launched in April 2023. The brand’s upcoming Seattle store opening which will be located at The Bellevue Collection, a 1,300-square-foot store that will …

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construction and designNewspeoplerestaurants

Captain D’s Names New Chief Financial Officer

by Katie Lee

Nashville, Tenn. — Captain D’s has named Jeff Wilson as its new chief financial officer. He joins Captain D’s at a time when the fast-casual seafood franchise is expanding its geographic footprint, introducing new menu offerings and offering an exceptional customer experience with streamlined digital, drive-thru and delivery options. Wilson joins Captain D’s from Cracker Barrel. “We are pleased to have Jeff join the Captain D’s executive team, bringing with him a wealth of finance, operations, and profitability enhancement skills in both public and private companies,” says Phil Greifeld, CEO and …

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