Fast Five: Need-to-Know News in Full-Service this Week

Golden Gate Capital gobbled up Red Lobster for $2.1 billion.
Golden Gate Capital gobbled up Red Lobster for $2.1 billion. Red Lobster
  1. Owners/Operators: Two brands that are household names swapped owners. Darden sold Red Lobster for $2.1 billion last week, and TGI Fridays was scooped off the market for a reported $800 billion Wednesday.
  2. NRA Show: Highlights included innovation in beverage, a sustainable rooftop garden, and health as a menu driver.
  3. ChefsThe James Beard Foundation announced it will move its annual awards ceremony from New York City in Chicago in 2015. Airport restaurant operator HMSHost will sponsor the event.
  4. Finance: North American restaurants saw overall declines of 2.1 percent in diner counts during the first quarter, OpenTable's index found.
  5. Technology: Groupon announced Gnome, a tablet-based platform that will allow customers to instantly recognize Groupon customers, easily redeem Groupons, and act as a POS system and credit card payment processing device.
News and information presented in this release has not been corroborated by FSR, Food News Media, or Journalistic, Inc.

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