Noodles & Company, serving classic noodle and pasta dishes from around the world, announced the appointment of Chef Nick Graff as director of culinary research and development. Graff will be responsible for driving the creative direction of the fast-casual restaurant’s diverse and globally inspired menu. He will oversee the development of the company’s in-restaurant menu, new catering program, seasonal limited-time offerings, and the selection of all ingredients to ensure consistency and quality in Noodles restaurants nationwide.
Noodles & Co.
Noodles & Company has introduced a new catering program across Colorado, serving groups anywhere from 20 to 200. The program includes the Company's NoodlesBar offering, serving buffet style meals comprised of main entrees, sides, and a dessert for groups to enjoy at any social, family, or corporate event. Each catering order is priced at $12 per person. Noodles & Company will continue to expand upon its catering menu and will introduce the offering at all of its restaurants nationwide in the coming months.
Noodles & Company announced the election of Johanna Murphy as an independent member of its board of directors and a member of its Audit Committee. Murphy brings experience in developing marketing and digital strategies for numerous global consumer brands, including Ivanka Trump and Kate Spade.
Hamra Enterprises, a franchisee of Noodles & Company, announced it has completed the purchase of seven franchised Noodles & Company restaurants from North American Dining, LLC.
North American Dining, LLC, a Noodles & Company franchisee, was formed in 2006 to develop Noodles & Company restaurants in Missouri. Since 2006, North American Dining has developed and operated six Noodles & Company restaurants in the St. Louis metro area and one in Columbia.
Noodles & Company announced it has entered into an agreement to purchase 16 franchised Noodles & Co. restaurants for approximately $13.4 million. The acquisition is expected to close in early July 2014. The 16 locations included in the agreement, operated by long-time franchise partner, Sagamore Dining Partners, LLC, are located primarily in the greater Indianapolis area. All of the Noodles & Co. restaurants being acquired will remain open for business during the transition.
In the last few years, Wall Street has shown an increased appetite for restaurant companies as a whole, and it’s fast-casual brands in particular that increasingly grab investors’ attention.
That was perhaps no more evident than in 2013, when enthusiasm for fast-casual restaurant concepts reached new heights with gangbuster initial public offerings (IPO) from Potbelly and Noodles & Company. The IPOs raised about $100 million each, and stock prices of both companies more than doubled on their opening days of trading.
Noodles & Company announced the appointment of Glenn Douglas as vice president of supply chain.
Despite a year filled with turmoil in Washington, the limited-service restaurant industry showed moderate growth and promise in 2013, thanks in part to creative new ideas and products, plus another good gain from fast-casual units.
With issues such as sequestration, a payroll tax increase, the government shutdown, and the Affordable Care Act hanging over the industry, it’s perhaps not surprising that gains have only been nominal, despite employment increases and an improving economy.
Asparagus may not be a fast-casual staple, but Noodles & Co. CEO Kevin Reddy believes the vegetable spear contributed to growth at his company’s 348 U.S. restaurants.
Increased promotion of Your World Kitchen, Noodles & Co.’s series of internationally inspired dishes—to which fresh asparagus was recently added—was cited during the company’s August 8 second-quarter earnings report as one of the driving factors to recent success.
The list of the fastest-growing retailers this year tells a story of consumers’ growing affinity for fast-fashion, specialty grocery items, and apparel. STORES Hot 100 Retailers list, published annually in the August issue of STORES magazine, consists of retail companies that reported the greatest increase in domestic sales between 2011 and 2012. All public and private companies with more than $300 million in sales were eligible for the list, which was compiled by Kantar Retail.