February 24, 2013
In the Region Aramark to sell $1B in notes Aramark Corp. , of Philadelphia, the privately held food concessionaire, plans to sell $1 billion of senior notes to refinance debt. The company intends to sell seven-year bonds that may be rated B3 by Moody's Investors Service , according to a person familiar with the offering who asked not to be identified, citing lack of authorization to speak publicly. Aramark is raising funds as it begins a tender offer, announced Thursday, to buy back as much as $2.38 billion of outstanding obligations.
February 14, 2013 |
Food can be high art in some of Philadelphia's best restaurants. But why is it so hard to find a masterpiece meal in one of the city's great art museums? We know it can be done, since Danny Meyer set the bar high for arty destination dining in New York with the Modern at the Museum of Modern Art. But don't hold your breath for such haute-culinary inspirations at a museum near the Benjamin Franklin Parkway. The Barnes Foundation's Garden Restaurant was our best hope for something extraordinary.
December 14, 2012 |
AN ARM of the food-services giant Aramark and a local minority-owned business will pay the city a total of $400,000 to settle a suit that accused the companies of fudging their numbers to skirt minority-participation requirements in a Philadelphia prison system contract, the city announced Thursday. "They really were denying opportunities for legitimate minority companies that wanted to work," said city Inspector General Amy Kurland, whose office oversaw the investigation. Aramark Correctional Services provides three meals a day to prisoners, but it is required to subcontract out 20 percent to 25 percent of the work to businesses owned by minorities, women or disabled persons.
December 10, 2012
Laboratory Testing Inc. , an independent Hatfield materials-testing and metrology laboratory, promoted Frank Peszka to director of quality. He had been quality-assurance manager. Philadelphia Convention & Visitors Bureau hired Nicole Johnson-Reece as executive director of the Philadelphia Multicultural Affairs Congress, a division of PCVB responsible for increasing Philadelphia's share of multicultural meetings, conventions, and tourism markets. She had been vice president, global diversity and inclusion, of Aramark Corp., Philadelphia.
August 23, 2012 |
Philadelphia-based food-service giant Aramark said Tuesday that it would eliminate the use of all pork from animals bred using gestation crates in its U.S. supply chain by 2017. In announcing the plan with the Humane Society of the United States, Aramark joined dozens of other food-service companies, restaurant chains, and supermarkets that have pledged to end their reliance on suppliers who house breeding pigs in confining crates their whole lives. "Aramark is proud to stand in partnership with other industry leaders and supply-chain partners to transition away from gestation crates in a timely fashion," said Kathy Cacciola, Aramark's senior director of environmental sustainability.
August 22, 2012 |
Philadelphia-based food service giant Aramark said today it will eliminate all pork from animals bred using gestation crates in its U.S. supply chain by 2017. In announcing the plans with the Humane Society of the United States, Aramark joins dozens of other food service companies, restaurant chains and supermarkets that have pledged to end their reliance on suppliers who house breeding pigs in confining crates their whole lives. "Aramark is proud to stand in partnership with other industry leaders and supply chain partners to transition away from gestation crates in a timely fashion," said Kathy Cacciola, Aramark's senior director of environmental sustainability.
July 23, 2012 |
One of the biggest participants in London's Olympics will also be one of the most silent. Aramark Corp., the $13 billion catering company headquartered in Philadelphia, will serve 70,000 meals a day at the Olympic Village during peak times. That should give Aramark bragging rights over what must be a monumental logistical task. But it can't happen, not if Aramark, now handling its 16th Olympics, wants to retain its supplier status in the future. Lloyd Evans, a spokesman with the Olympic Committee in London explained in an e-mail: "As you may or may not [know]
May 25, 2012 |
There is nothing in the deep backgrounds of either Joseph Neubauer or Aileen Roberts that quite augurs the passion, imagination, and sheer stubbornness required to move an embedded cultural monument and build it anew. Yet that is exactly what Neubauer and Roberts have helped achieve, and on Thursday they will receive the coveted Philadelphia Award, the civic honor established in 1921 by Ladies' Home Journal editor Edward W. Bok, in recognition of their efforts. The award, given for their central roles in bringing the Barnes Foundation from Merion to Philadelphia and finding the financial wherewithal and architectural panache to pull it off, will be presented, appropriately enough, at the foundation's just-opened building on the Benjamin Franklin Parkway.