Corporate Operations: Page 12

  • A Beyond Meat double cheeseburger with a toothpick flag of the company's logo sits on a counter.
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    Courtesy of Beyond Meat
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    Beyond Meat sued by investors who claim they were misled

    According to the litigation, the plant-based meat company and its leaders provided an overly optimistic outlook about its growth prospects, causing investors to lose money while a former executive sold his own stock.

    By Megan Poinski • May 15, 2023
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    Scott Olson via Getty Images
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    Activist investor pursues board seats at Shake Shack

    Engaged Capital, which owns 6.6% of Shake Shack, is looking to reshape the company’s board and operations, The Wall Street Journal reported.

    By • May 15, 2023
  • A photograph of chefs in a kitchen. Explore the Trendline➔
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    sam edwards via Getty Images
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    Trendline

    Menu development

    Restaurants big and small are experimenting with their menus to align with the preferences of on-the-go diners and mitigate the impact of rising food costs, supply chain disruption and shrinking consumer discretionary funds. 

    By Restaurant Dive staff
  • Wendy's ghost kitchen
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    Permission granted by Wendy's
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    Wendy’s will shut down remaining US Reef units

    The closures are slated for this quarter and come less than two years after Wendy’s said it would build 700 Reef units in the U.S., U.K. and Canada.

    By • May 10, 2023
  • An image of sweetgreen's automated kitchen in Naperville, Illinois
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    Courtesy of Sweetgreen
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    Sweetgreen will unveil first automated kitchen this week

    The chain’s Infinite Kitchen, part of ongoing efforts to improve profitability, opened its first location in Naperville, Illinois, on Wednesday.

    By • Updated May 10, 2023
  • A portrait photo of Corey Horsch, the new CFO at Salad and Go
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    Courtesy of Salad and Go
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    Salad and Go hires Corey Horsch as CFO

    Horsch, who previously worked at Gordon Ramsay North America and Sonic Drive-In, will help lead Salad and Go’s expansion.

    By • May 5, 2023
  • An image of a Sweetgreen restaurant with a drive-thru
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    Courtesy of Sweetgreen
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    Sweetgreen CMO poached by delivery startup Wonder

    Daniel Shlossman is leaving Sweetgreen after five years to head Wonder’s marketing efforts as it winds down its delivery van operations.

    By , • May 5, 2023
  • An image promoting renovations and redesigns of existing CKE Restaurants.
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    Courtesy of CKE Restaurants
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    CKE partners with 3 drive-thru AI firms

    The parent company of Hardee’s and Carl’s Jr. said tests of Presto, Valyant and OpenCity’s drive-thru AI tools helped improve labor efficiency.

    By • May 5, 2023
  • A selection of Carl's Jr. and Hardee's food with new branding
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    Courtesy of CKE Restaurants Holdings, Inc.
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    Major CKE franchisee goes bankrupt, shutters 39 stores

    Summit Restaurant Holdings, which operates around 106 Hardee’s locations, filed for Chapter 11 bankruptcy protection Thursday.

    By • May 5, 2023
  • An image of one of Wienerschntizel's new ghost kitchen units.
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    Courtesy of Wienerschnitzel
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    Wienerschnitzel tests new markets with ghost kitchens

    Three new ghost kitchens will help gauge brand reception in markets like Georgia, which is over 500 miles from the nearest Wienerschnitzel store. 

    By • May 4, 2023
  • A photograph of a standalone Chipotle around dusk.
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    Courtesy of Chipotle
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    Inside Chipotle’s record-breaking Twitter promotion

    A National Burrito Day giveaway earned the brand its second-highest digital sales day of all time and its highest one-day volume on social media.

    By Jessica Deyo • May 4, 2023
  • Brinker International launched its second virtual brand, Maggiano's Italian Classics, in 2021.
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    Retrieved from Maggiano's Italian Classics on August 18, 2021
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    Brinker to phase out Maggiano’s Italian Classics virtual brand

    The brand lasted fewer than two years at the restaurant company, which is looking to to free up labor and time to focus on in-restaurant operations. 

    By • May 4, 2023
  • A Papa John's sign.
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    Joe Raedle / Staff via Getty Images
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    Papa Johns taps fast casual veteran as CMO

    Mark Shambura joins the brand after a stint at the fast-growing chain Mod Pizza and was praised for his digital- and analytics-led approach.

    By Chris Kelly • May 3, 2023
  • Burger King's newest design for restaurants following COVID-19 pandemic
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    Courtesy of Burger King
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    400 Burger Kings may close in US this year

    With traffic still down, Restaurant Brands International expects “more noise” as it moves to concentrate ownership of units among high-level franchisees.

    By • May 2, 2023
  • A promotional image for Subway's new menu
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    Permission granted by Subway
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    Subway adds 6 sandwiches to latest menu

    The sandwich giant’s revamped menu has helped improve its brand positioning over the last year as it pursues a sale at a $10 billion valuation.

    By • May 1, 2023
  • An image of a building with glass and a yellow sign that says Fatburger next to an image on orange buffalo
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    Permission granted by Fat Brants
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    Fat Brands names co-CEOs after Wiederhorn family members fill half of board seats

    Ken Kuick and Rob Rosen, Fat’s current CFO and EVP of capital markets, will take the reins of the company effective May 5, replacing Andy Wiederhorn.

    By • May 1, 2023
  • Ben & Jerry's explains "defunding the police" with scoops of ice cream
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    Retrieved from Ben & Jerry's on November 18, 2020
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    Ben & Jerry’s recognizes scoopers’ union following card check

    The ice cream chain may be the first national brand to sign a set of principles that have formed a core demand in other campaigns, including Starbucks Workers United.

    By • Updated June 1, 2023
  • 7-Eleven
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    Tim Boyle via Getty Images
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    7-Eleven VP departs for Wingstop

    Raj Kapoor will oversee the chicken chain’s growth and development strategy for international markets.

    By Brett Dworski • April 27, 2023
  • A photo of Natalie Rothman, Inspire's incoming Chief People Officer.
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    Courtesy of Inspire Brands
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    Inspire Brands hires new HR chief

    Natalie Rothman, Inspire’s incoming chief people officer, has led the HR efforts of large employers including Advance Autoparts and PepsiCo global foodservice.

    By • April 27, 2023
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    yaoinlove via Getty Images
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    McDonald’s price hikes are boosting sales, but some diners are pulling back

    The chain wants to drive value for customers with menu tweaks and personalized offers, but CEO Chris Kempczinski said the latter effort requires “sophistication.”

    By • April 25, 2023
  • An image of a California Pizza Kitchen restaurant.
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    Courtesy of California Pizza Kitchen
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    California Pizza Kitchen turns to refranchising to drive growth

    The chain, which launched domestic franchising in 2021, plans to sell corporate-owned units in select U.S. markets to multi-unit operators.

    By • April 24, 2023
  • An image of three brand presidents at Inspire Brands.
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    Courtesy of Inspire Brands
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    Inspire appoints brand presidents across 3 restaurant chains

    The company has promoted existing employees to leadership roles at Sonic, Arby’s and Buffalo Wild Wings. 

    By • April 13, 2023
  • An image of a sky blue Pollo Tropical restaurant
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    Courtesy of Fiesta Restaurant Group
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    Fiesta Restaurant Group makes interim CEO permanent

    Since becoming interim CEO in December, Dirk Montgomery has been working on various initiatives to improve company transactions and margins. 

    By • April 13, 2023
  • An image of a Starbucks sign
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    Courtesy of Starbucks
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    Starbucks appoints litigator to general counsel

    Brad Lerman brings over 30 years of legal and regulatory experience in the public and private sectors to his position at the coffee giant. 

    By • April 13, 2023
  • Burger King gets a fresh look
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    Courtesy of Burger King
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    Meridian closes 23 Burger Kings in bankruptcy

    Burger King’s U.S. franchisees have closed at least 49 units this year as the brand’s turnaround efforts are restrained by macro-economic problems.

    By • April 12, 2023
  • smoothie king logo
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    Courtesy of Smoothie King
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    Playa Bowls poaches Smoothie King COO for CEO

    Dan Harmon brings decades of franchising and operational experience from his tenure at chains including McDonald’s, Papa Murphy’s and Potbelly. 

    By • April 11, 2023