Corporate Profiles - 2023 - 47

pancake tacos with sweet and savory flavors for a limited time.
Chipotle Mexican Grill, Inc., Newport Beach, Calif., unveiled a new
menu offering inspired by two TikTok content creators. The digital-exclusive
fajita quesadilla, a now permanent addition to Chipotle's menu, adds
peppers and onions, plus a side of the chipotle-honey vinaigrette customarily
served with the restaurant chain's salads, to the standard quesadilla,
which typically features cheese and pork, beef, chicken or tofu.
A SHAKEUP WITHIN THE SEGMENT
Several noteworthy transitions and transactions occurred during the
year, priming the industry for more change ahead. New CEOs took over
at Starbucks Corp., Panera Brands, Restaurant Brands International,
Cracker Barrel Old Country Store, FAT Brands Inc. and TGI Fridays.
In late August, private equity firm Roark Capital, Atlanta, said it
was acquiring the Subway restaurant chain, which has more than
37,000 restaurants and a presence in more than 100 countries. Current
food-related brands in Roark's portfolio include Arby's, Auntie
Annie's, Baskin-Robbins, Buffalo Wild Wings, Carvel, Cinnabon, Carl's
Jr./Hardee's, Culver's, Dunkin', Jamba, Jimmy John's, McAlister's Deli,
RESTAURANT RECOVERY FROM FEBRUARY 2022
-13%
Full-service fine dining
restaurant category.
T+2%
otal restaurant
visits.
+3%
Quick-service
restaurant visits.
Miller's Ale House, Moe's, Nothing Bundt Cakes, Schlotzsky's, Seattle's
Best Coffee, Sonic and The Cheesecake Factory.
Darden Restaurants, Inc., Orlando, Fla., acquired Ruth's Hospitality
Group, Inc. in a transaction valued at approximately $715 million.
Ruth's, owner and operator of Ruth's Chris Steak House, has 80 company-owned
restaurants and 74 franchised restaurants. CP
Corporate Profiles
Milling & Baking News * Food Business News * Baking & Snack * Meat+Poultry * Dairy Processing * Pet Food Processing
October 2023 / 47
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Corporate Profiles - 2023

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