Weekly Food Industry Report: The Week of April 14, 2014
Every week, we take a look into some of the biggest financial news to emerge from the world of food. Here is this week’s:
Chipotle Mexican Grill: The company plans to increase its menu prices early in the third quarter to address rising costs for essential ingredients.
Così Inc.: The sandwich and salad chain is moving its headquarters from Deerfield, Ill. to Boston, Mass.
Marco’s Franchising LLC: Bryon Stephens has been promoted from chief operating officer to company president and will be responsible for monitoring day-to-day operations, quality assurance, customer service, and growth.
Popeyes Louisiana Kitchen Inc.: H. Melville Hope III, the company’s chief financial officer and senior vice president is stepping down on May 23 to pursue other opportunities.
Zoe’s Kitchen Inc.: The company is using proceeds from a recent IPO to expand its chain, opening 20 to 30 new restaurants this year.
We’re always on the lookout for new financial news, so let us know!