Tuesday, July 9, 2019

Consolidation within the Grocerant Niche to Drive Incremental Growth

Success does leave clues and recent news that UK’s Yo! Sushi restaurant chain was going to merge with Snowfox Sushi a US based restaurant chain edifies the fact that ‘better-for-you’ grocerant niche fresh prepared food sales continue to drive food industry success according Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.
Snowfox Sushi  mission is to lead and exemplify fresh food fast with Grab-N-Go sushi in all retail locations by placing our customers first, exchanging value with our partners, and dedication to offering innovative menu selections that are affordable, served fresh, in an attractive setting.
The combination of Snowfox and Yo! Sushi will help Redefin the retail sushi narrative through branding a newer flexible setting for fresh fast food aka Grab-N-Go Snowfox Sushi. Serving fresher sushi where our quantity meets customer demands, yet quality never sacrificed. Establishing unparalleled synergy between us, our partners, and each individual franchisee respectively.
This merger, creates one of the largest Japanese food companies outside of Japan, according to YO!, aimes to capitalize on the USD 1 billion (EUR 885 million) sushi market.
When complete this merger, the expanded group, made up of SnowFox, YO!, Bento Sushi, and Taiko Foods, will consist of four fast-growing businesses with USD 425 million (EUR 376 million) of sales, including franchisees’ sales, YO! said in a press release. Nearly two-thirds of the sales originate in North America. 
JFE Franchising, Inc. (operating as SnowFox), a wholly-owned subsidiary of Jim Kim Holdings, is the third-largest sushi kiosk business in the U.S., managing more than 700 full-service sushi kiosks across 25 U.S. states, primarily in supermarkets. 
Our Grocerant Guru® calls 2019 the year of partnerships and with the merger, the expanded group will have partnerships will many leading retailers across North America and the U.K. including Kroger, Loblaws, Walmart, Sobeys, Waitrose, Sam’s Club, and Tesco, as well as operating 1,400 kiosks, seven central kitchens and 89 restaurants.
“YO! Suchi CEO Richard Hodgson  stated “We are delighted to be partnering with SnowFox given its high brand penetration, recognized product and service quality, as well as excellent industry relationships. …“By expanding its geographical presence and offering, the expanded group will meet the untapped demand of consumers around the world,”
Grocerant Growth is great, the U.S. grocery sushi market has more than USD 1 billion (EUR 885 million) in annual sales and is growing around 13 percent year-on-year, with Japanese cuisine seen as one of the fastest-growing food types across the globe, according to YO!.
Note: SnowFox Chairman Jim Kim will join the board of the combined group, as well as remaining a significant shareholder. SnowFox President Stacy Kwon and Bento Sushi CEO Glenn Brown will become co-presidents of the group’s North American operations, responsible for driving growth and executing the group’s strategy. They will both report to CEO Richard Hodgson. 
Looking for success clues of your own? Foodservice Solutions® specializes in outsourced food marketing and business development ideations. We can help you identify, quantify and qualify additional food retail segment opportunities, technology, or a new menu product segment.  Foodservice Solutions® of Tacoma WA is the global leader in the Grocerant niche visit Facebook.com/Steven Johnson, www.Linkedin.com/in/grocerant/  or www.twitter.com/grocerant

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