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Restaurant Revitalization Fund
What's the impact of the Senate's failure to pass RRF? The restaurant industry reacts.
From independent operators to hospitality groups, most are disappointed and some are angry that there remains no federal aid to support struggling restaurants.
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dapiki moto. (2020). "New Normal" [Photograph]. Retrieved from Unsplash.Restaurant Revitalization Fund
By the numbers: The cost of 1 year without RRF
We took a look at several market performance indicators over the past year to get a sense of how the absence of Restaurant Revitalization Fund impacted U.S. restaurants, and what operators are forecasting for the future.
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Wendy's largest shareholder proposes to buy company
Trian Partners and billionaire owner Nelson Peltz told the chain's board of directors Tuesday that Trian would explore an acquisition, merger or other transaction in which it would own the company.
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Retrieved from Nestle Toll House Cafe by Chip on May 25, 2022
Fat Brands to buy Nestle Toll House Cafe, bolstering its dessert category
Fat plans to turn Nestle Toll House Cafe's 85 units into Great American Cookies locations after the acquisition closes. Terms of the deal weren't disclosed.
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Wing Zone is the latest chain to bet big on Miso Robotics
The chain, which has 100-plus stores in its development pipeline, will include robotic fryer Flippy 2 in all standard restaurant builds going forward.
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Inspire Brands teams with CloudKitchens, explores modular drive-thru units
Nixing dining rooms via new ghost and small, takeout-only restaurant builds could save on labor and development costs, said Frank Inoa, VP of design and engineering innovation.
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The new faces of labor? Meet the robots of the National Restaurant Association Show
As restaurants struggle to find labor, tech companies like Nala Robotics and Richtech are developing automated chefs and baristas to fill gaps.
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Q&A
Nextbite exec dishes on how operators can make virtual brands successful
These concepts can optimize excess kitchen capacity and slow dayparts, but also poise operators to be nimble in emerging markets like Web3, says Chief Growth Officer Geoff Madding.
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Retrieved from Starbucks on May 23, 2022
Starbucks to exit Russia and help its workers find new jobs
While the chain suspended operations at its 130 licensed locations in early March, it said Monday that it would no longer have a presence in Russia.
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Restaurant Revitalization Fund
RRF refill bill fails to pass Senate in major blow to restaurant industry
While the vote wasn't a surprise, the inability to approve S. 4008 leaves the Restaurant Revitalization Fund empty and the nearly 200,000 applicants that didn't receive grants in the dark.
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Wow Bao launches virtual loyalty program through Paytronix
Bao Bucks could grow revenue for partner restaurants and secure Wow Bao's customer base, which can now access its menu at over 600 host kitchens.
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Noodles & Company gamifies mobile rewards to boost loyalty
The chain saw a ninefold gain in click-through rates while generating $71 for every 100 emails it sent to app users via a loyalty promotion.
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McDonald's offloads Russian restaurants to licensee for undisclosed price
Alexander Govor, who operated 25 units in Siberia, will run the locations under a new brand and retain McDonald's employees for at least two years.
Updated May 19, 2022 -
SoundHound AI, Square launch tool to automate phone ordering
SoundHound for Restaurants' voice assistant answers phone calls, take orders, accept modifications and send confirmations to complete payments.
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How Wingstop is taking control of its poultry supply chain
The company is considering joint ventures with suppliers, acquiring a poultry complex or building its own plant to secure more predictable food costs.
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https://www.shutterstock.com/image-photo/group-happy-friends-having-breakfast-restaurant-1201677928By djile on Shutterstock.
Study: Consumers tip more for dine-in than delivery or takeout
As diners return to restaurants, guests tip 20% on average for dine-in service versus 15% for off-premise transactions, a Toast report finds.
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Starbucks to cover travel for employees seeking abortion, gender-affirming care
The policy applies to workers, as well as their dependents, who need to travel more than 100 miles to access these medical procedures.
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Brinker CEO to retire in June
KFC U.S. President and Chief Concept Officer Kevin Hochman will take over for Wyman Roberts, who has been with Brinker for 17 years.
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Uber Eats adds voice ordering, pilots autonomous delivery
The food delivery provider rolled out several delivery products on Monday, as well as in-stadium ordering and vouchers for events.
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Retrieved from Domino's Pizza, Inc. on May 16, 2022
Domino's grants 'Stranger Things' fans 'mind-ordering' powers through new app
An immersive mobile experience tied to the Netflix show’s return uses facial recognition and eye-tracking technology to help users order pizza.
Updated May 17, 2022 -
McDonald's franchisees reportedly worried new grading system will hurt retention
Operations PACE would mandate a further six to 10 visits by assessors and company representatives to every location, the chain's operators told CNBC.
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Woworks acquires fast casual chains Barberitos, Zoup
The parent company of Saladworks will grow to six brands and over 400 locations with these two purchases.
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Chili's parent extends education benefits to employees' family members
Brinker International's perk will allow one eligible family member of each worker who is management level or above to access tuition-free programs.
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Starbucks employees form a union
Why the NLRB's Starbucks complaint may only be symbolic union win
Starbucks denies the complaint's hundreds of union-busting allegations. If the chain is found to have violated labor law, it could be years before the board can enforce consequences.
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Chipotle CFO doesn't rule out more food inflation despite pause
Finance chief Jack Hartung said the chain has raised prices about 10% for the 12 months through Q1 compared to 2% in a typical year.
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