Oklahoma City — Fogo de Chão, the internationally renowned restaurant from Brazil, has signed a lease agreement to open its first Oklahoma location in Oklahoma City. The new 8,439-square-foot restaurant is scheduled to open later this year at 13710 Pennsylvania Ave. in Memorial Square. “We are excited to introduce Fogo to the Oklahoma market and expand our Southwest footprint with our first restaurant in Oklahoma City,” says Barry McGowan, chief executive officer of Fogo de Chão. “Our restaurant will serve as a memorable addition to Oklahoma City’s dining scene and …
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Midvale, Utah — Beyond, Inc., owner of online retail giants Bed Bath & Beyond, Overstock and Zulily, has added and appointed several key leaders to its team, including in merchandising and marketing roles. The new additions include: • Guncha Mehta, joining as chief digital and information officer, Beyond, Inc. • Stacey Shively, joining as chief merchandising officer, Bed Bath & Beyond • Angela Minor, joining as chief marketing officer, Bed Bath & Beyond • Deb Bollom, appointed to chief merchandising officer, Overstock • Steph Whitacre, appointed to senior vice president, …
Meadville, Pa. — Voodoo Brewing Company, a pioneer in the craft brewing industry, has promoted Isaiah Fitzgerald-Palacio to the position of chief financial officer (CFO). A proud employee owner, Fitzgerald-Palacio brings a wealth of financial expertise and a passion for promoting community to Voodoo Brewing Company. As CFO, he will play a pivotal role in guiding Voodoo Brewing Company’s financial strategy, fostering sustainable growth and ensuring fiscal responsibility. With over 15 years of experience in financial management and a proven track record of success, Fitzgerald-Palacio brings invaluable expertise to the …
Seattle — As part of REI Co-op’s recently released 2023 Impact Report, REI has made significant progress toward reaching its aggressive climate goals, with 2023 emissions coming down 10% compared to 2022 and 6% lower than emissions in its 2019 baseline year. This year marks the first time REI is reporting a decrease in its emissions alongside an increase in revenue over its baseline year. The co-op is achieving its ultimate goal of growing its business while lowering emissions. Also in 2023, REI celebrated its 11th year of powering U.S. …
The Colony, Texas — Quest Resource Holding Corporation, a national leader in environmental waste and recycling solutions, has announced that its Quest Resource Management Group subsidiary has entered into an agreement with United Natural Foods, Inc. (UNFI), the largest publicly traded wholesale distributor of health and specialty food in the United States and Canada. UNFI is North America’s premier grocery wholesaler delivering the widest variety of fresh, branded and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, e-commerce …
Miami — Burger King plans to invest $300 million to modernize 1,100 U.S. restaurants by 2028, according to parent company Restaurant Brands International Inc. Each restaurant will be renovated in a new layout, called Sizzle, that emphasizes flexibility as well as the digital, pickup and drive-thru experiences. In addition to the planned renovations, the investment will also cover cash incentives for top-performing operators. “We are committed to giving our guests the very best experience in all our restaurants and that includes a modern, exciting restaurant image and digital experience that …
Bentonville, Ark. — Sam’s Club® has made significant progress in its rollout of technology that resolves a key member concern: waiting in line for receipt verification to exit the club. The retailer’s first-of-its-kind application of artificial intelligence and computer vision technology has been deployed in more than 120 clubs since first unveiling it at the Consumer Electronics Show (CES) in January 2024. Sam’s Club plans to deploy the exit technology to all of its clubs by the end of 2024. Sam’s Club’s rapid deployment of its exit technology represents the …
Castle Rock, Colo. — Daddy’s Chicken Shack has made two new promotions within its executive team. Tony Adams, who previously served as the vice president and chief of staff for Area 15 Ventures, will now be taking on the role of president for Daddy’s Chicken Shack, while Dave Liniger Jr. transitions from president to CEO. Adams and Liniger Jr. have been a part of Daddy’s Chicken Shack through Area 15 Ventures, the private equity firm that acquired the brand last year amidst a major growth surge. Area 15 Ventures is …
New York City — WHP Global (WHP), parent company of Toys”R”Us®, has signed a long term license agreement with leading global retailer WHSmith as the exclusive shop-in-shop partner for Toys”R”Us in the United Kingdom. WHSmith will have the exclusive license for Toys”R”Us shop-in-shops in its High Street stores, including opening 30 new shops this summer. Following the successful launch of Toys”R”Us shop-in-shops in select WHSmith stores last year, this partnership is part of WHP Global’s mission to expand the presence of Toys”R”Us across the UK retail landscape. “We’ve got off …
Atlanta and New York City — Private equity giant Blackstone has entered into a definitive merger agreement to acquire Tropical Smoothie Cafe, a franchiser of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal values the Atlanta-based smoothie chain at around $2 billion, including debt, according to The Wall Street Journal. Tropical Smoothie Cafe began as a single location in Destin, Fla., in 1997. The chain has grown to more than 1,400 locations in 44 states today. The company opened more than 175 locations in 2023, 70% of which were …