Hotels and Restaurants News
So Finger-Licking Good… The World’s Most Coveted Restaurants.
What’s that saying ? The way to a man’s heart is through his stomach ? Well, the restaurants we will feature here will, we promise, also find their way to every woman and child’s heart; restaurants sure to pamper your senses and nourish your soul. Extracted from the list of the S.Pellegrino World’s 50 Best [...]
Frozen Haute Chocolate: World’s Most Expensive Dessert
This one is for all those of you who cannot resist a deliciously blended scoop of cold delight. The Frozen Haute Chocolate, (right) made by New York City eatery, Serendipity 3 and priced at a mind-blowing $25,000 has claimed a spot in the Guiness World Records as The World’s Most Expensive Dessert. Made from a [...]
“Retire Ronald McDonald” campaign a no-go with the Happy Meal maker
Newspaper ads run on Wednesday, and supported by nutrition experts and consumers, urged the fast food chain, McDonalds’, to put childrens’ health first, and to stop marketing junk food to kids through Happy Meal Toys and Ronald McDonald, one of the world’s most recognizable clowns. In response, McDonald’s CEO, Jim Skinner, firmly defended Ronald at the [...]
Duke Street Capital acquires Wagamama for £215 million
London-based private equity group Duke Street Capital has acquired the upper-popular British noodle chain Wagamama in a £215 million deal. Lion Capital, owner of Wagamama of more than five years, took over the Japanese-style chain in 2005 for roughly £100 million, less than half of what they stand to gain by selling the business to [...]
Little Lady Foods Inc.
Expanding faster than a waistline Little Lady Foods was founded in the Wrigleyville neighborhood of Chicago by the Esposito family in 1961. The small company was then purchased in 1984 by restaurateur, Angelo Geocaris, whose family had deep roots in the restaurant industry, with the vision to take his Barnaby’s pizzeria recipe into grocery stores [...]
Beefy Break-up. Wendy’s Ending it with Arby’s
While the U.S economy heals slowly and offers by hungry private equity firms tempt an increasing number of restaurant operators to put up all or parts of their companies for sale, Wendy’s/Arby’s Group announced their plans to sell their struggling Arby’s roast beef sandwich chain to focus on the Wendy’s hamburger business. Undoing a 2008 deal engineered [...]
