The Latest
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Major Wendy's franchisee accused of PPP fraud
A former employee claims that Starboard Group received a $9 million loan, but ordered her to tell business partners it couldn't meet payment obligations because it didn't receive federal funding.
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Permission granted by DoorDash
DoorDash partners with Kiva to provide funding to Black-owned restaurants
The company will seed a revolving loan fund starting at $150,000 and also offer $0 delivery fees for Black-owned restaurants through the end of the year.
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Courtesy of Uber
Uber will launch US grocery delivery this month
The service's American rollout will begin in Dallas and Miami, where the company recently soft launched with Cornershop, and could be a bid to inch closer to profitability following its Postmates acquisition.
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P.F. Chang's, Ruby Tuesday scored millions in PPP loans, according to SBA
Nearly 50,000 restaurant companies received loans of more than $150,000, and more than two-thirds of these PPP loans went to full-service restaurants, Small Business Association data shows.
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Uber buys Postmates in $2.65B deal
Uber Eats gains the fourth largest food delivery company in the U.S. just weeks after its failed merger with Grubhub. The deal gives Uber Eats the largest market share in Los Angeles and builds on its lead in Miami.
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California, Chicago escalate response to COVID-19 violations
As of Monday, the multiagency task force created by Gov. Gavin Newsom said it issued 52 citations after warning 483,000 businesses of potential consequences, as Chicago and others clamp down on noncompliance.
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Daphne Howland/Restaurant Dive
53% of restaurants closed amid coronavirus have shuttered permanently, Yelp data shows
In early June, the number of diners seated across Waitlist and Yelp Reservations was down 57% compared to pre-pandemic levels.
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Kendall Davis/Restaurant Dive
How coronavirus is changing restaurant policies
About 60% of Shake Shacks were operating with dining rooms open at limited capacity by the end of Q2, but many interior and patio dining rooms have had to close as of early July due to safety concerns.
UPDATED: July 7, 2020 at 11:50 a.m. -
President signs PPP extension into law
President Donald Trump signed an application extension of the Paycheck Protection Program into law on July 4, pushing the deadline to Aug. 8.
UPDATED: July 6, 2020 at 3:53 p.m. -
Courtesy of Burger King Finland
Burger King Finland turns McDonald's into delivery hot spots
The conquesting campaign offered free delivery to people who ordered food near McDonald's locations.
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McDonald's puts reopening on hold for 3 weeks as COVID-19 spreads
Roughly 2,200 of the chain's U.S. locations are open for limited dine-in service, and the fast food giant said operators can continue to let diners eat inside if local municipalities allow it.
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Denny's plans to hire 10K employees by year's end
Company- and franchisee-owned locations are hiring restaurant managers, cooks, servers and hosts, among other positions as dining rooms reopen.
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Subway shifts $5 Footlong promotion to digital-only after slow traffic
The change comes just two weeks after the deal was introduced, adding more woes to this controversial menu item.
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Christopher Doering
Wegmans is permanently closing its Pub restaurants
The retailer announced it will close all 12 locations across three states to focus on adding new quick-service meal options.
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Pizza Hut's largest franchisee declares bankruptcy
NPC has come to an agreement with its lenders on a restructuring plan to reduce the company's significant debt, which includes plans to sell its 385 Wendy's restaurants.
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Courtesy of Taco Bell
Taco Bell to launch new loyalty program 5 years after first iteration
The promotion of Taco Bell Rewards, which rolls out later this month, crashed the company's site and app on Tuesday.
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Uber reportedly bids $2.6B for Postmates
Postmates is also considering going public either through an IPO or a special purpose acquisition company.
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Chipotle launches virtual farmers market for suppliers
The fast casual chain partnered with Shopify to help farmers in its supply chain sell meat, dairy and grain products directly to consumers online.
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Courtesy of Papa John's
Papa John's promotes Shaq-inspired pizza on Snapchat amid same-store sales surge
The chain's marketing push around brand ambassador Shaquille O'Neal has gained steam, and may have contributed to its 28% same-store sales gain in Q2.
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Alabama Extension. (2020). "The Image" [Photograph]. Retrieved from Flickr.
States stall reopening plans as COVID-19 cases surge
As the U.S. hits record-high coronavirus cases, states like Texas have reduced dine-in capacity and re-closed bars after opening earlier this month.
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BurgerFi to go public in $100M deal with blank-check investor
The burger chain entered into a definitive agreement with Opes Acquisition Corp. to combine on Tuesday. Its anticipated initial enterprise value is $143 million.
UPDATED: June 30, 2020 at 10:16 a.m. -
Domino's expands contactless services with carside delivery
Customers who select this carryout option online can choose where they would like their food placed, including the passenger side, trunk or back seat.
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Burger King hires Ellie Doty as first-ever North American CMO
Formerly CMO of Chili's, her new job comes as the CMO role returns to prominence as brands look to navigate the next stage of the COVID-19 economy.
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Luckin abandons Nasdaq delisting appeal
The last day to trade the company's stock is June 29, a little over a year after its IPO raised $561 million.
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Fotolia
PPP's quick rollout, rule changes, few safeguards are fraud risks, GAO says
More than $100 billion in loan money is still available through the program. The SBA plans to stop taking new applications Tuesday.
