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Heather Lalley

Editor, Foodservice Group

Articles by
Heather Lalley

Page 2
Financing

Freshii continues to lag due to slow urban recovery

The Canadian fast casual’s same-store sales remain down more than 20% over pre-pandemic levels during the third quarter.

Leadership

Tropical Smoothie Cafe adds former Arby’s exec as CMO

Deborah von Kutzleben also spent more than two decades at global advertising firm BBDO Worldwide.

The six-unit fast-casual chain, known for its inventive taco fillings, is readying for initial growth around the East Coast thanks to an undisclosed investment deal from Investors Management Corporation.

Bowman said he resigned to accept another opportunity. His announcement comes less than two months after Brian Jenkins, the food-and-games chain’s then-CEO, said he was retiring.

The fast-casual salad chain revealed the terms of its initial public offering Tuesday, saying it intends to sell its shares for between $23 and $25 apiece.

Meyer will invest in the owner of Panera Bread, Caribou Coffee and Einstein Bros., and his USHG Acquisition Corp. will become a "cornerstone partner" of the company.

A bankruptcy judge signed off on Trey Parker and Matt Stone’s plans to buy the legendary roadside attraction and Mexican restaurant for $3.1 million.

The tech-enabled fast casual, which has nine locations, nabbed a $4 million cash infusion less than a year ago from industry veteran Greg Dollarhyde.

One Tortazo unit opened just before the pandemic began, but a second location of the Mexican sandwich concept recently opened in New York City. The brand said it remains bullish on urban centers despite the challenges.

Hart, whose leave is effective immediately, will stay on as a consultant to the fast-casual taco chain. Founder Mike Rypka becomes interim CEO.

Some smaller fast-casual chains continue to struggle with pandemic recovery, with urban locations remaining especially slow to pick up.

The fast casual’s same-store sales remained down significantly over 2019, but have improved in October, with suburban restaurants soaring above all others.

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