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Restaurant Business Staff

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Restaurant Business Staff

Page 482

ID NEWS: Regulators said to consider rebate-related enforcement actions

Accounting problems tied to vendor rebates could be "more widespread" than generally thought, hitting not just food companies but other retailing sectors,...

ID NEWS: Ahold says internal investigation not yet complete

Royal Ahold, Zaandam, The Netherlands, has issued a clarification to "make clear" that the internal legal investigation into accounting irregularities at...

ID NEWS: Domino's taps EFS Network

Domino's Pizza, Ann Arbor, MI, with $4 billion in worldwide sales, has selected EFS Network, Inc., Chicago, as its supply-chain e-services provider. The...

ID NEWS: Kaiser breaks silence, responds to 'smear campaign'

Mark Kaiser, former head of marketing for U.S. Foodservice (USF), Columbia, MD, who was fired with Tim Lee, head of purchasing, because of alleged accounting...

ID NEWS: USF still on course, despite new revelations, says vp

Fielding multiple media calls following disclosure on Thursday that U.S. Foodservice (USF) accounting irregularities were substantially higher than...

ID NEWS: Quality-PFG's Tappan to retire; Greg Schaffner tapped as successor

Performance Food Group (PFG), Richmond, VA, has announced that Philip Tappan, president, Quality-PFG, Little Rock, AR, plans to retire, effective May 30. He...

ID NEWS: Only Kaiser and Lee implicated at USF; profit overstatement pegged at $880 million

Netherlands-based Royal Ahold has released conclusions of its internal investigation into accounting irregularities at its U.S. Foodservice (USF) subsidiary...

ID NEWS: S&P cuts Ahold credit rating following restatement of USF shortfall

Standard & Poor's (S&P) rating service has cut Royal Ahold's long-term corporate credit rating to BB- from BB+, Reuters has reported. The ratings cut stems...

ID NEWS: Ahold investigation said to conclude USF 'middle managers' at fault

Royal Ahold's investigation into the accounting problems at its U.S. Foodservice (USF) subsidiary will "lay the blame on just a few middle managers,"...

ID NEWS: Top 100 chains remain 'dynamic' in 2002

In 2002, the Top 100 chain operators matched their 2001 performance, despite a weakened economy and growing concerns over war in the Middle East, according...

ID NEWS: USF wins $150-million, three-year national healthcare contract

U.S. Foodservice (USF), Columbia, MD, has signed a $150-million, three-year contract with Beverly Enterprises, Fort Smith, AR.The $17.5 billion broadliner...

ID NEWS: FDA issues final proposed record-keeping and food detention regs

The U.S. Food and Drug Administration (FDA) has issued final food safety proposed regulations as per the Public Health Security and Bioterrorism Preparedness...

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