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10 Companies You’ve Never Heard Of Control More Than 50 Of The Biggest Restaurant Chains In The World

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10 Companies You’ve Never Heard Of Control More Than 50 Of The Biggest Restaurant Chains In The World

by Yutong Yuan and  Katie Taylor for Business Insider

  • Ten companies control more than 50 of the biggest names in the chain restaurant business, from Panera to Burger King.
  • As it becomes more expensive to run a restaurant, more chains are consolidating under mega-companies.
  • Here is a look at who actually owns some of the biggest names in the restaurant business.
Your favorite fast-food chain may not be exactly what it seems.

While chains like Burger King, Taco Bell, and Olive Garden have name recognition, many of the biggest brands in the restaurant business are actually owned by mega-companies. These holding companies and private-equity firms often invest in or own a number of brands, in and outside of the restaurant industry.

As costs rise, the scale is increasingly crucial in the restaurant business.

“If you can take it and spread the cost across 8,400 restaurants versus 3,600 restaurants … there’s an inherent advantage in that,” Paul Brown, the CEO of Arby’s, Sonic, and Buffalo Wild Wings parent company Inspire Brands, recently told Business Insider.

Read more: Inspire Brands CEO reveals his plans for Buffalo Wild Wings’ comeback, Sonic’s expansion, and more acquisitions

Here is a look at which companies actually own some of the biggest names in the restaurant business:

Yum BrandsHollis Johnson/Business Insider

Yum Brands owns KFC, Pizza Hut, and Taco Bell.

“We don’t need to do an acquisition to build scale. We already have a scale,” David Gibbs, Yum Brands’ president and chief financial officer, told Business Insider in December.

Gibbs says he believes scale is becoming increasingly important. For example, the company’s scale helped make possible its deal with GrubHub, in which Yum Brands purchased a $200 million stake in the delivery company.

“That’s why you’re seeing so many other companies go out and try to acquire new concepts just to try and build their own scale,” Gibbs said.

Read more: The company behind Taco Bell, KFC, and Pizza Hut hasn’t been caught up in the restaurant industry acquisition spree — yet. Here is what the president is looking for.

Restaurant Brands International

Restaurant Brands InternationalHollis Johnson/Business Insider

Restaurant Brands International is the parent company of Burger King, Tim Hortons, and Popeyes.

“In the past, you’ve seen us be opportunistic,” executive chairman Daniel Schwartz said in a call with investors on Wednesday, regarding the company’s acquisition strategy. “We’ve acquired three incredible brands that we think have great global growth potential.”

Going forward, Schwartz said that Restaurant Brands International would consider acquiring other “iconic” brands with significant long-term growth potential.

Read more: Burger King’s parent company is rumored to be considering buying Papa John’s. Here’s what the chairman says he looks for in a brand.

Darden RestaurantsHollis Johnson/Business Insider

Darden Restaurants is the Orlando, Florida-based company that owns eight chains, including Olive Garden, LongHorn Steakhouse, and Cheddar’s Scratch Kitchen.

“Really, nothing has changed in the last 40 years with dining,” Darden CEO Gene Lee said in a presentation in January.

“With all the technological advancements, if you think about it, we’re still basically doing the same thing,” Lee continued. “I don’t see in the next 10 years any dramatic changes other than a continued transparency with what you’re serving people. And, I think, you are going to have to be a little bit more convenient for them.”

Read more: The CEO of Olive Garden and LongHorn Steakhouse’s parent company reveals what the company looks for in an acquisition — and it’s not a trendy fast-casual chain or a ‘technologically advanced experience’

JAB Holding

JAB HoldingHollis Johnson

One of the most massive food-and-beverage giants is JAB Holding, the investment arm of the secretive Reimann family. JAB owns chains including Krispy Kreme, Panera, Caribou Coffee, Au Bon Pain, and Pret A Manger, as well as Keurig Dr. Pepper and bottled-water brand Core.

Read more: The European company that owns Panera and Krispy Kreme has quietly acquired a new bottled-water company in its quest to create a beverage empire

Focus BrandsHollis Johnson/Business Insider

Focus Brands is the franchisor and operator behind Carvel, Cinnabon, Schlotzsky’s, Jamba Juice, Moe’s Southwest Grill, Auntie Anne’s, McAlister’s Deli, and Seattle’s Best Coffee.

The company is owned by private-equity firm Roark Capital, which is reportedly considering an IPO for Focus Brands in 2019. Roark’s portfolio expands beyond food and beverage, with stakes in companies such as Anytime Fitness and Drybar, as well as Inspire Brands, another restaurant-centric company.

Inspire Brands

Inspire BrandsHollis Johnson

In September, Inspire Brands announced it would be acquiring burger chain Sonic for $2.3 billion, including debt. The deal follows Inspire Brands — which already owned Arby’s — closing on a deal to acquire Buffalo Wild Wings and Rusty Taco earlier in 2018.

“We like brands that are great brands, that have gone through a period of great success, and maybe in a temporary period with a little bit of a challenge, where there’s an opportunity to come in and get it back on a path,” Inspire Brands CEO Paul Brown told Business Insider at the time.

Inspire Brands is majority-owned by Roark Capital.

Read more: Arby’s former CEO is building a fast-food empire

Bloomin' BrandsFacebook/Outback Steakhouse

Bloomin’ Brands is the parent company of Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse.

In 2018, activist investor Barington Capital Group encouraged the company to spin off or sell some of the chains to focus on Outback Steakhouse.

Brinker International

Brinker InternationalFacebook/Chili’s

Brinker International owns Chili’s Grill & Bar and Maggiano’s Little Italy. Previously, the company has owned chains including Romano’s Macaroni Grill, On the Border, and Corner Bakery Cafe.

Golden Gate CapitalHollis Johnson/Business Insider

Golden Gate Capital owns Bob Evans and California Pizza Kitchen, and it holds a majority stake in Red Lobster. The holding company’s portfolio also includes Eddie Bauer, Pacific Sunwear of California, and Next Model Management.

Jollibee Foods Corporation

Jollibee Foods CorporationHollis Johnson

In addition to its namesake Jollibee, Jollibee Foods Corporation has also invested in American chains such as chef Rick Bayless’ Tortas Frontera and Smashburger, which JFC acquired in 2018. JFC additionally serves as an international franchisee for a number of brands, including Dunkin’ Donuts and Burger King.

 EPA Seeks Comment on New Policy Proposals to Facilitate Market-Based Opportunities to Improve Water Quality

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 EPA Seeks Comment on New Policy Proposals to Facilitate Market-Based Opportunities to Improve Water Quality

OXON HILL, Md. (September 5, 2019) – Today, the U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler announced an important step to help promote the use of market-based approaches to efficiently and cost-effectively improve water quality across the nation. Speaking at the Chesapeake Bay Executive Council meeting, Administrator Wheeler announced several new policy proposals that could simplify and give more flexibility to states, tribes and stakeholders seeking to develop market-based programs or to generate or use nutrient reduction credits.

“EPA is proposing updates to our water quality trading policy that would help state and local partners take advantage of new technologies or develop market-based programs for improving water quality,” said EPA Administrator Andrew Wheeler. “Building on efforts already underway at the state, local and tribal level, EPA is helping facilitate the use of innovative tools and technologies that will deliver critical water quality improvements at a lower cost.”

The action seeks comment on policy options related to one of the six market-based principles identified in EPA’s February 6, 2019 Water Quality Trading Policy memo—encouraging simplicity and flexibility in implementing baseline concepts. The proposal seeks comment on approaches to clarify and provide flexibility for nonpoint sources to generate credits for use in water quality trading.

Under the Clean Water Act, water quality trading is an option for those seeking compliance with a discharge permit. Under trading programs, permitted facilities facing higher pollution control costs may be able to meet their regulatory obligations by purchasing environmentally equivalent (or superior) pollution reductions from other sources at lower cost. While EPA has long interpreted the Clean Water Act to allow for pollutant reductions from water quality trading, the practice has not been used to its fullest potential.

EPA invites the public to consider the policy options presented in today’s notice and provide written comment on those options and others that may help promote market-based approaches to water quality improvements. EPA will host a public meeting to facilitate discussion on this important aspect of market-based programs, including water quality trading, that can be used to cost-effectively achieve water quality improvements.

For more information visit: www.epa.gov/npdes/water-quality-trading.

Background

On Feb. 6, 2019, EPA released the Water Quality Trading Policy memo to modernize the agency’s water quality trading policies to leverage emerging technologies and facilitate broader adoption of market-based programs. The memo identified five additional market-based principles that EPA encourages policy makers and stakeholders to consider in developing market-based programs:

  • States, tribes and stakeholders should consider implementing water quality trading and other market-based programs on a watershed scale.
  • EPA encourages the use of adaptive strategies for implementing market-based programs.
  • Water quality credits and offsets may be banked for future use.
  • A single project may generate credits for multiple markets.
  • Financing opportunities exist to assist with deployment of nonpoint land use practices.

The memo reiterates the agency’s support for water quality trading and other market-based programs to maximize pollutant reduction efforts and improve water quality. These actions are part of a larger collaboration with stakeholders across the country to better coordinate and focus federal resources on some of the nation’s most challenging water resource concerns, including addressing excess nutrients in waterways.

 

Obituary for Ralph “Moe” A. Young

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Obituary for Ralph “Moe” A. Young

Ralph A. “Moe” Young, 94, passed away Tuesday, September 3, 2019, at St. Vincent Hospital in Evansville. He was born June 16, 1925, in Evansville to the late William and Alice (Houghton) Young.
Ralph graduated from Central High School. He served in the U.S. Army in the European Theatre during World War II. Ralph was a lifetime member of the VFW 2953 and the American Legion 265. Ralph worked at St. Mary’s Medical Center for 23 years. He was an accomplished carpenter and enjoyed landscaping, yard work, and gardening. He was a great chef, cooking vegetables that he raised in his own garden. He loved his many dachshunds.
Ralph is survived by his daughters, Mischelle Rayshell, and Teresa West; son, Michael (Carol) Young; grandchildren, Michael C. (Gina) Young, Todd Young, Rachel Murphy, Randy Rayshell and Derk West; great-grandchildren, Blake West, US Navy and Emma West, Alix and Jade Young, Meca and Mia Murphy, Amanda Murphy (Brandon Outlaw), Michael E. Murphy and Jackie Sue Vaughn; great-great-grandchildren, Destin Vance and Jakob Outlaw; and numerous beloved nieces and nephews.
In addition to his parents, he was preceded in death by his wife Ruthie Young, brother, Marion Young and a sister, Gloria Staples.
Visitation will be from 3:00 pm to 7:00 pm on Thursday, September 5, 2019, at Ziemer Funeral Home East Chapel, 800 S. Hebron Ave., Evansville, 47714. The funeral service will begin at 10:00 am at the funeral home on Friday, September 6, 2019, with Rev. Billy Thompson officiating.
Burial will be at Park Lawn Cemetery, 1526 S. Green River Rd., Evansville, 47715.
Memorial Contributions may be made to the Evansville Rescue Mission, 500 E. Walnut St., Evansville, IN 47713.
Condolences may be made online at www.ziemerfuneralhome.com.

 

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Evansville Police Department Police Pension Board Meeting

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The Evansville Police Department Police Pension Board will hold an Executive Session on Wednesday September 11, 2019 at 8:15 a.m.  The Meeting will be held in Room 307 of the Civic Center Plaza.

The Executive Session will be closed as provided by: 

I.C. 5-14-1.5-6.1(7) For discussion of records classified as confidential by state or federal statute.

Immediately following the Executive Session, a regular Open Session will be held in Room 307 

of the Civic Center Plaza.

Herve Normand Vezina Jr. Obituary

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Herve Normand Vezina Jr. Obituary

Here is Herve Normand Vezina Jr.’s obituary. Please accept Everhere’s sincere condolences.

With heavy hearts, at the age of 77, we announce the death of Herve Normand Vezina Jr. (Evansville, Indiana), born in Gardner, Massachusetts, who passed away on August 30, 2019. Leave a sympathy message to the family on the memorial page of Herve Normand Vezina Jr. to pay them a last tribute. You may also light a candle in honor of Herve Normand Vezina Jr.

He was predeceased by his parents, Rachel E. Vezina (Noel) and Herve N. Vezina; his brother Paul Vezina. He is survived by his wife Mary Vezina.

Cecelia V Kolb Obituary

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Cecelia V Kolb Obituary

Here is Cecelia V Kolb’s obituary. Please accept Everhere’s sincere condolences.

With heavy hearts, at the age of 93, we announce the death of Cecelia V Kolb (Evansville, Indiana), born in Monessen, Pennsylvania, who passed away on September 1, 2019. Family and friends are welcome to send flowers or leave their condolences on this memorial page and share them with the family. She was predeceased by : her parents, Alice Fordanish (Panzo) and Andrew Fordanish; her former husband Joseph Yursco; her husband Kenneth Kolb; her son Joseph E. Yursco.

She is survived by : her daughter-in-law Margaret Yursco; her brother Andrew Fordanish; her pet Jack. Memorial contributions may be made to Holy Rosary Catholic Church, 1301 S. Green River Rd., Evansville, IN 47715. Visitation will be held on Friday, September 6th 2019 from 3:00 PM to 8:00 PM and on Saturday, September 7th 2019 from 9:30 AM to 10:00 AM.

A mass of christian burial will be held on Saturday, September 7th 2019 at 10:00 AM at the Holy Rosary Catholic Church (1303 S Green River Rd, Evansville, IN).

Betty Gerling Obituary

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Betty Gerling Obituary

Here is Betty Gerling’s obituary. Please accept Everhere’s sincere condolences.

We are sad to announce that on September 3, 2019, at the age of 78, Betty Gerling (Evansville, Indiana) passed away. Family and friends can send flowers and condolences in memory of the loved one. Leave a sympathy message to the family on the memorial page of Betty Gerling to pay them a last tribute.

A graveside service will be held on Friday, September 6th 2019 at 11:00 AM at the Rose Hill Cemetery-Evansville (3760 Stringtown Rd, Evansville, IN).

Obituary Of Ralph A. Young Obituary

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Ralph A. Young Obituary

Here is Ralph A. Young’s obituary. Please accept Everhere’s sincere condolences.

It is always difficult saying goodbye to someone we love and cherish. Family and friends must say goodbye to their beloved Ralph A. Young (Evansville, Indiana), who passed away at the age of 94, on September 3, 2019. You can send your sympathy in the guestbook provided and share it with the family.

You may also light a candle in honor of Ralph A. Young or send a beautiful flower arrangement to the funeral service. He was predeceased by his parents, William Young and Alice Young (Houghton); his wife Ruthie Young; his siblings, Marion Young, and Gloria Staples. He is survived by : his children, Mischelle Rayshell, Teresa West and Michael Young (Carol); his grandchildren, Michael C. Young (Gina), Todd Young, Rachel Murphy, Randy Rayshell and Derk West; his great-grandchildren, Blake West, Navy, Emma West, Alix, Jade Young, Meca, Mia Murphy, Amanda Murphy (Brandon Outlaw), Michael E. Murphy and Jackie Sue Vaughn; his great-great-grandchildren, Destin Vance and Jakob Outlaw.

He is also survived by nieces and nephews. Memorial Contributions may be made to the Evansville Rescue Mission, 500 E. Walnut St., Evansville, IN 47713. Visitation will be held on Thursday, September 5th, 2019 from 3:00 PM to 7:00 PM at the Ziemer Funeral Home East Chapel (800 S Hebron Ave, Evansville, IN 47714, USA).

A funeral service will be held on Friday, September 6th, 2019 at 10:00 AM at the Ziemer Funeral Home – East Chapel (800 S Hebron Ave, Evansville, IN 47714, USA).

Obituary Of Bernie Lee Carlisle Obituary

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Obituary Of Bernie Lee Carlisle

Here is Bernie Lee Carlisle’s obituary. Please accept Everhere’s sincere condolences.

With heavy hearts, at the age of 85, we announce the death of Bernie Lee Carlisle (Evansville, Indiana), who passed away on September 3, 2019. Leave a sympathy message to the family on the memorial page of Bernie Lee Carlisle to pay them a last tribute. You may also light a candle in honor of Bernie Lee Carlisle.

He was predeceased by : his parents, Harvey Carlisle and Ova Jewell Carlisle (Bransford); his sisters, Beatrice Taylor and Allyne Dickinson. He is survived by : his wife Cyrilla Carlisle (Waigand Daily); his children, David Carlisle (Birdena) of Bloomington, IN, Rebecca “Sue” Kirves (Danny), Cynthia Secor (Jim) of Bacliff, Carla Beaton (Dennis) of Evansville, Patricia Cron (Jeff) of Evansville and Russell Carlisle (Sarah) of Evansville. He is also survived by 27 grandchildren and 19 great grandchildren.

In lieu of flowers and plants, memorial contributions may be made to Riley Children’s Hospital, 705 Riley Hospital Drive, Indianapolis, IN 46202. Visitation will be held on Thursday, September 5th 2019 from 3:00 PM to 7:00 PM and on Friday, September 6th 2019 from 11:00 AM to 1:00 PM. A funeral service will be held on Friday, September 6th 2019 at 1:00 PM at the Ziemer Funeral Home – East Chapel (800 S Hebron Ave, Evansville, IN 47714, USA).