You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Ascent Hospitality — parent company to Huddle House and Perkins American Food Co. — announced the appointment of Paul Damico as CEO, effective immediately. Damico, formerly CEO of Fuzzy’s Taco Shop, is tasked with “leading Ascent's next chapter of growth and modernization” and replaces James O’Reilly, who served as CEO since 2023.  "Hospitality is in my DNA and I am invigorated by the opportunity to work with our fr ...

Chicago’s Hot Dog King Dick Portillo On Selling Out And Moving On https://t.co/BjvJ0xWabq ...

Shin Starr's OLHSO food truck is an autonomous kitchen on wheels, serving Korean BBQ cooked by a robot. https://t.co/zVH22crCNP ...

Group 1: Yunji's IPO - Yunji officially listed on the Hong Kong Stock Exchange on October 16, raising a net amount of approximately HKD 593 million [1] - On its first trading day, Yunji's stock opened with a significant increase of 49.37%, reaching HKD 142.8 per share, and closed at HKD 120.5, giving it a total market capitalization of approximately HKD 8.281 billion [1] - Yunji is a leading AI-enabled robotics service company, holding a 6.3% market share in China's robotics service market and a 13.9% share in the hotel robotics service market for 2024 [1] Group 2: Zijin Gold International's Inclusion in Stock Connect - Zijin Gold International was added to the Hong Kong Stock Connect list effective October 16, 2025, due to adjustments in the Hang Seng Composite Large Cap Index [2] - On the announcement day, Zijin Gold International's stock closed at HKD 147.4, reflecting a 3.80% increase [2] Group 3: Strategic Partnership between JD and Changan Automobile - Changan Automobile and JD Group signed a strategic cooperation agreement on October 15, focusing on smart logistics vehicles and the development of new energy autonomous vehicles [4] - The partnership involves multiple brands under Changan and various sectors of JD, indicating a deep collaboration aimed at enhancing both manufacturing and digital capabilities [4] Group 4: Meet Xiaomian's IPO Application - Guangzhou Meet Xiaomian has submitted a prospectus to the Hong Kong Stock Exchange, aiming to become the first listed Chinese noodle restaurant chain [5] - Meet Xiaomian is the fourth largest Chinese noodle operator in China with a market share of 0.5% for 2024, indicating a notable position in a fragmented industry [5] Group 5: Hong Kong Stock Market Performance - The Hang Seng Index closed at 25,888.51, with a slight decrease of 0.09% on October 16 [6] - The Hang Seng Tech Index fell by 1.18% to 6,003.56, while the National Enterprises Index increased by 0.09% to 9,259.46 [6]

Core Insights - India is increasingly recognized as a dynamic capital destination, driven by a growing economy and a stock market that has outperformed global indices [1] - The massive adoption of global digital platforms in India accounts for over 30% of the global user base of major tech companies, indicating significant market potential [2] - The 'Make in India' initiative is positioning India as a key player in the global manufacturing value chain, with a focus on high-tech sectors [3] Valuation Discrepancies - There is a notable valuation gap between global companies and their Indian counterparts, exemplified by Domino's Pizza Inc. and Jubilant FoodWorks, as well as Maruti Suzuki and Suzuki Motor Corporation [5][6] - Hyundai's valuation also illustrates this divergence, with Hyundai Motor India commanding a much higher market cap compared to its parent company [6] Listing Opportunities - The shift from "Make in India" to "List and Thrive in India" emphasizes the need for global companies to raise capital in India, as local markets offer stronger valuations and deeper retail participation [7][8] - Indian startups are increasingly moving their headquarters back to India in anticipation of IPOs, signaling a trend that global companies in various sectors should consider [7] Economic Evolution - India's economy has transitioned from a control-oriented model to a liberal partnership model, allowing for 100% foreign ownership in most sectors [9] - The establishment of frameworks like Special Economic Zones (SEZs) and Software Technology Parks of India (STPI) can incentivize global companies to list in India [9] Tax and Regulatory Environment - India offers tax incentives such as dividend distribution tax holidays and simplified direct listing norms, making it an attractive destination for global listings [10] - The current market conditions, including volatility in Western markets and structural slowdowns in East Asia, create a favorable environment for India to emerge as a capital hub [10][11] Consumer to Capital Power - The focus is on transforming consumer power into capital power, ensuring that wealth generated by Indian users benefits Indian investors [12] - The call to global companies is clear: to deepen their commitment to the Indian market, they should consider listing in India [12]

Core Insights - Aramark has invested in RoboEatz' Autonomous Robotic Kitchen (ARK) technology to provide high-quality, customizable meals for healthcare staff during late-night hours [1][2][6] Group 1: Technology and Operations - ARK operates within a 400-square-foot area and can prepare up to four personalized meals simultaneously using a selection of 80 fresh ingredients [2] - The system is available 24/7, allowing for mobile or kiosk ordering, and requires minimal staffing while providing replenishment alerts via a mobile app [2][3] - ARK integrates with Aramark's Point of Sale system, managing kitchen tasks such as food storage, meal preparation, and compliance with nutritional standards [3] Group 2: Pilot Testing and Insights - Aramark successfully piloted ARK in a controlled environment at a large healthcare partner hospital, gaining insights into its efficiency and user experience [4] Group 3: Strategic Importance - The investment in ARK reflects Aramark's commitment to innovation that supports healthcare workers, enhancing operational efficiency and access to meals [6] - This initiative is part of Aramark's Hospitality IQ™ suite, aimed at improving hospitality through intelligent technologies [5]

A rift inside a smoked-meat dynasty has divided the barbecue capital of Texas.“As long as he’s alive and his son is alive and they are running Black’s Barbecue and we’re running Terry Black’s Barbecue, there will always be competition.”🔗: https://t.co/PGcJzudmdn https://t.co/hVanadtTsg ...

Core Insights - Beyond Oil Ltd. has entered the Vietnamese market through a distribution agreement with Trang Anh Manufacturing and Trading Co., Ltd., marking its first commercial presence in Vietnam [2][3] - The agreement includes an initial order of 10,800 kg of product, with a five-year term, aimed at introducing Beyond Oil's filtration solutions to Vietnam's food service sector [2][3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, improving sustainability, and lowering operational costs [5] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service environments [5] Market Opportunity - Vietnam is identified as a significant opportunity for Beyond Oil, particularly within its thriving restaurant industry [3] - The partnership with Trang Anh aims to leverage their extensive distribution network to integrate Beyond Oil's solutions into high-demand environments, such as industrial kitchens and large-scale food manufacturers [3][4]

Business Strategy & Transformation - The company emphasizes the importance of adapting to changing circumstances and not letting current situations dictate future opportunities, as demonstrated by pivoting the business model when a large customer changed its supply chain strategy [3][6][7] - The company highlights the significance of seizing opportunities even when facing challenges, referencing the decision to partner with Starbucks despite a difficult business environment, which led to the creation of a food service network across Asia [8][9] - The company underscores the value of continuous learning and skill development, illustrated by pursuing an MBA to deepen understanding of the supply chain business [10][11] Entrepreneurial Mindset - The company advocates for playing the ball on its merit, meaning that current circumstances should not dictate how one responds to the next opportunity [3] - The company stresses the importance of detaching daily to rebuild oneself, suggesting that hobbies and breaks can provide stillness, mental strength, and clarity [12][13][14] - The company emphasizes that limitations and boundaries are often self-imposed and that individuals have more potential than they realize [18] Personal Development & Leadership - The company shares a life lesson about making the best use of one's abilities, regardless of perceived limitations [2] - The company encourages making decisions based on merit rather than fear or past experiences, advocating for an open and adaptable approach to life's plans [19]

Core Insights - U.S. business activity continued to grow in September, but the growth rate slowed for the second consecutive month [1][2] - The Flash U.S. Composite PMI Output Index decreased from 54.6 in August to 53.6 in September, indicating a slowdown in both manufacturing and service sectors [2] - Despite the slowdown, the PMI reading remained elevated, and the third quarter saw the strongest average monthly expansion since Q4 2024 [2] Business Sentiment - Growth remained "robust" in September, although it decreased from the peak observed in July [3] - Companies' expectations for output in the upcoming year rose to a four-month high in September, although still below long-term averages [3] - Sentiment in the service sector reached its highest level since May, while manufacturing sentiment was the highest in three months [4] Economic Factors - Business sentiment improved partly due to anticipated benefits from lower interest rates, despite ongoing concerns over the political environment and tariffs [5] - Retail sales in August showed a stronger-than-expected gain of 0.6% from the previous month and a 5% increase from August 2024 [6] - The National Federation of Independent Businesses reported a rise in small business sentiment, with the Small Business Optimism Index increasing by 0.5 points to 100.8 [6] Labor Market Concerns - The number of business owners expecting higher sales increased by 6 points to 12%, although concerns about labor shortages persisted [7] - Despite improvements in overall business health, labor quality remained the top issue for small business owners [7]