June 5, 2013
A beef shortage has driven beef prices to record levels. Chipotle plans to add more units of its fast-casual Southeast Asian concept. A 2,000-room New York City hotel is ending room service. Noodles & Company’s IPO is expected to attract investors. And Jamie Oliver plans to expand his Italian restaurants around the world.
• Shortages drive beef prices to rare high. Profits on beef dishes could be in short supply this summer. (The Tennesseean)
• Chipotle expands ShopHouse concept. The company has signed four leases to expand its fast-casual concept in the Washington, D.C., and Los Angeles markets. (Nation's Restaurant News)
• Hotel discontinues room service. The 2,000-room New York Hilton Midtown cited declining demand for the decision. (The New York Times)
• Noodles & Company's IPO should attract investors. The fast-casual concept's profits, growth and seasoned management make it attractive. (Forbes)
• Jamie Oliver cooks up global expansion. Oliver plans to open 20 of his Italian restaurants around the world. (Reuters)
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