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March 2018 Digital Issue


JOIN THE CLUB AND UNLOCK NEW OPPORTUNITIES By joining Key by KML, you will gain exclusive access to a series of media products designed to help run your restaurant and hotels businesses more effectively and profitably. As Canada’s leading hospitality publisher, we deliver relevant perspectives on important news affecting the hospitality industry — articles on trends, in-depth statistical analysis, and profiles of the movers and shakers in the restaurant and hotel worlds. But we also produce signature events and conferences that allow you to learn while networking with the industry’s influentials as well as media-rich products such as videos, podcasts and webinars. Whether you are an independent restaurant or a chain, supplier or an educational institute, if being connected and in the loop matter to you, we have a subscription model that will help open new doors to learning. BRONZE PACKAGE (Complimentary for qualified readers) • Access to the print or digital edition of either F&H or Hotelier magazine delivered 11 or 8 times a year • Access to KML’s weekly newsletter delivered weekly SILVER PACKAGE - $99 • Access to the print or digital edition of either F&H or Hotelier magazine delivered 11 or 8 times a year • Access to KML’s weekly newsletter delivered weekly • Exclusive web-only content. • Access to KML’s series of digital newsletters including Food Plus, Restaurant Buzz, Recipe Blast, Beverage Buzz all emailed quarterly GOLD PACKAGE – Special Introduction offer $389 • Access to 11 issues of our print edition of F&H or eight issues of Hotelier magazines delivered 11 or 8 times a year including special pullouts of the Produce & Protein Poster, and the WHO OWNS WHAT Poster. • Access to KML’s weekly newsletter delivered weekly. • Access to KML’s series of digital newsletters including Food Plus, Restaurant Buzz, Recipe Blast, Beverage Buzz all emailed quarterly • Access to Podcasts featuring interviews from leading industry movers and shakers four times a year • Unabridged video Interviews from Icons & Innovators Breakfast series • Access to in-house produced webinars featuring leading experts and personalities in the industry • Unlimited access to digitally archived magazine editions (enabling you to receive two years of past issues or hundreds of free articles) or archived print editions • Access to special features of the Web including Web-only exclusive stories, White Papers and aggregate content from industry partners • Early-bird discounts throughout the year on all KML events including Icons & Innovators, Housekeeping Forum, Women in Tourism and Hospitality Conference and our signature Pinnacle Awards • Special coupons/offers from leading industry suppliers • Regular contests featuring great prizes REGISTER NOW

MONTHLY NEWS AND UPDATES FOR THE FOODSERVICE INDUSTRY iSTOCK.COM/NONGPIMMY [BY THE NUMBERS, GRAPHICS] THE MORE, THE MERRIER In late January, Cara Operations Limited announced it had entered into an agreement to grow its brand portfolio through the acquisition of Keg Restaurants Ltd. (KRL). As part of the proposed $200-million merger deal, KRL president and CEO, David Aisenstat will continue to oversee the Keg brand — which will operate as a fully owned subsidiary — while assuming oversight of Cara’s higher-end casual brands — The Bier Markt, the Landing Group and Milestones restaurants. He will also Cara continues to grow its full-service empire BY DANIELLE SCHALK join the Cara board of directors as vice-chairman. Cara and KRL have confirmed to The Keg Royalties Income Fund that, notwithstanding the merger, The Keg will continue to operate as it has previously under Aisenstat’s leadership. “We’re incredibly excited about this, [though] there is still lots to figure out,” Bill Gregson, president and CEO of Cara said in a conference call in January. “We believe strongly that, together, we will be much stronger than we were apart. I have worked with David and have certainly got- BY THE NUMBERS Following the acquisition of Keg Restaurants Ltd., Cara Operations Limited will boast: 1,365 restaurant units 18 brands Fairfax will hold 43.5% interest in the combined company Since October 2013, the company has made eight major acquisitions encompassing 630 units ten to know him on The Keg board, but also socially…I very much look forward to working with David and learning from [him].” As Robert Levy, president of BrandSpark and former VP of Branding at Cara, told the Financial Post, this merger has been a long time coming. Cara reportedly attempted to acquire KRL more than two decades ago, but was outbid by Aisenstat, who purchased the brand from Whitbread PLC in 1997. He currently owns 49 per cent of KRL, with Fairfax Financial Holdings Limited holding the remaining 51 per cent. The addition of 106 Keg restaurants will boost Cara’s restaurant portfolio to 1,365 restaurants. The merger is expected to result in synergistic opportunities in marketing, real estate and overall costs that will help further grow the Keg and Cara brands. “One of the areas where we’ve done particularly well over the last few years is in marketing and a lot of that has involved some shifting from [being] very TV focused…[to] doing more and more digital, social media and promo [marketing],” says Aisenstat. “We’ve really managed to do well with the marketing to attract younger guests…we will bring a lot to the table with the Cara brands as well.” The deal is expected to close by the end of Q1 2018. METAMORPHOSIS Cara Operations Limited has indicated it intends to change its corporate name following the closing of its acquisition of Keg Restaurants Ltd. “[The] new name will better reflect the evolution that Cara has gone through over the last number of years, in terms of transactions such as St-Hubert, Original Joe’s and now The Keg,” explains Bill Gregson, president and CEO of Cara. At this time, no indication has been given of what the new name might be.. FOODSERVICEANDHOSPITALITY.COM MARCH 2018 FOODSERVICE AND HOSPITALITY 5