Investments Blog

After Chef’d abruptly closed the box on its meal-kit business last week, the Los Angeles area company’s assets have been picked up by a food-technology firm with a meal-kit business of its own.

True Food Innovations, a subsidiary of Newport Beach, California-based True Family Enterprises, has acquired Chef’d’s plant, property, equipment, brand and intangible assets from the company’s lender, who was unnamed.

Terms of the deal were not disclosed.

True Food plans to consolidate the Chef’d…

Hopdoddy Burger Bar Inc. is expanding in both the physical and digital realms.

The Austin-based chain is leasing up space around Texas and has also signed on to deliver its food to consumers through DoorDash Inc. The full Hopdoddy menu will be available, including the Goodnight Burger piled high with caramelized onions and barbecue sauce, the vegetarian-friendly Magic Shroom and the Classic Burger — recently named one of the 101 best burgers in the U.S. by The Daily Mail.

Here are the developments…

Waffle House is taking steps toward another city center location.

Kroger Co. is getting a new competitor from an unlikely source.

Fast-food chicken restaurant Chick-Fil-A plans to test meal kits in Atlanta, where the chain is based, beginning next month.

Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, has made big moves into the meal kit business over the past year.

It agreed in May to invest $700 million in the concept by buying Home Chef, the Chicago-based company that’s the U.S.’s largest private meal…

Chick-fil-A is flying across the border for the first time.

Chick-fil-A Inc. announced Wednesday, July 25, that Toronto will be home to the first franchised international Chick-fil-A restaurant, to open in 2019, and expanding by more than a dozen locations in the area over the next five years.

Tim Tassopoulos, president and COO of the Atlanta-based chicken chain, posted a message to the company's new Canada website saying they wanted to expand to Toronto “for a very long time” because “we believe…

Forget aspiring to be a tech unicorn. Grubhub has entered “decacorn” territory.

Wall Street was pleased with Grubhub (NYSE: GRUB) Wednesday after the company posted solid second quarter earnings results, beating estimates on both revenue and EPS.

The Chicago food delivery company did $240 million in revenue last quarter, up more than 50 percent from the same time last year. It processed $1.2 billion in gross food sales last quarter, and saw an average of more than 423,000 orders per day.

As…

Trifecta Nutrition, which won a high-profile competition for local startup businesses and struck partnerships with national sports organizations, is accused in a lawsuit of repackaging processed foods and passing it off as high-quality organic meals suitable for top-level athletes in training.