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Giant Eagle, Inc. Appoints CEO; Promotes Several Executive Team Members

by Katie Lee

Pittsburgh — Giant Eagle, Inc., one of the nation’s leading regional food, fuel and pharmacy retailers, has appointed Bill Artman as chief executive officer after having been named interim CEO in March. During his nearly 40-year tenure with the company, Artman has served in various executive leadership roles, including president of supermarkets, executive vice president and senior vice president, retail operations. “Bill already has made a tremendous impact in his interim role, giving the board confidence that he is the right leader to take Giant Eagle to new heights. We …

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Newspeoplerestaurants

Little Caesars® Promotes Key Leaders

by Katie Lee

Detroit — Little Caesars, the world’s largest privately owned pizza chain, has experienced explosive sales and new unit growth over the last several years, in existing and new countries around the globe. To support this and ongoing growth, Little Caesars’ 18-year CEO Dave Scrivano is promoting Paula Vissing and Ed Gleich to more expansive posts. Vissing, formerly chief operating officer, will now serve as president of Little Caesars global retail. Gleich, formerly chief innovation officer, will serve as president of global services for the brand. They will continue to report …

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Newsretailers

Rally House Opens 5 New Stores Across 5 States

by Katie Lee

Lenexa, Kan. — A leading sports and merchandise retailer, Rally House, has opened five new stores in five states. One store joins the Omaha, Neb., roster (L Street Marketplace), while the others arrive in fresh markets like Central Pennsylvania (Chambersburg Crossing); Lexington, Ky., (Hamburg Pavilion); Tyler, Texas (Cumberland Park); and Tempe, Ariz. (Tempe Marketplace). August has been a month of outstanding growth for Rally House, with seven stores in one weekend to start the month and five stores in one weekend to end the month, bringing the month’s total to …

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franchise developmentNewsrestaurants

Krystal Launches Strategic Refranchising Program on the Path to 500 U.S. Locations

by Katie Lee

Atlanta — Krystal, the original quick-service restaurant chain in the South, is unveiling a strategic refranchising initiative aimed at propelling the expansion of its brand presence. The program involves offering existing company-owned locations in markets previously unavailable for franchising, with a targeted focus on attracting established multi-unit operators who possess a proven track record and a desire to acquire a successful portfolio of existing restaurants and continue to build the market with new locations. This strategic move aligns with Krystal’s ambition to amplify its footprint across the United States, transitioning …

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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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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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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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