Corporate Operations: Page 31
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J. Alexander's Holdings sold to SPB Hospitality for $220M
The deal between the upscale dining chain and the parent company of Logan's Roadhouse and Gordon Biersch Brewery Restaurant is expected to close in Q4 2021.
By Emma Liem Beckett • July 2, 2021 -
Dan Kitwood via Getty Images
McDonald's plans to cut franchisees' tech fees by 62% following uproar
According to an internal memo obtained by Bloomberg, the change was made to "reset" the relationship between corporate and franchisees.
By Alicia Kelso • July 1, 2021 -
Explore the Trendline➔
sam edwards via Getty Images
TrendlineMenu 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 -
Courtesy of Fiesta Restaurant Group
Jack in the Box franchisee to buy Taco Cabana for $85M
Fiesta Restaurant Group sold the brand to YTC Enterprises, an affiliate of Yadav Enterprises. The sale leaves Fiesta with just Pollo Tropical in its portfolio.
By Alicia Kelso • July 1, 2021 -
Red Lobster taps head of Black Box as CEO
Effective Aug. 2, Kelli Valade will succeed Kim Lopdrup, who is retiring. She inherits the company after it refinanced the remainder of a $380 million loan in January.
By Emma Liem Beckett • July 1, 2021 -
Courtesy of Krispy Kreme
Krispy Kreme prices IPO at $17, far below original plans
The doughnut chain had planned for a range of $21 to $24 per share, but the depressed price could hint at lukewarm investor interest.
By Emma Liem Beckett • July 1, 2021 -
Darren McCollester via Getty Images
Au Bon Pain sold to Yum Brands franchisee
The café chain's parent company had planned to sunset the brand, Ampex Brands' CEO said, but Ampex is now looking to expand it beyond the 171 locations it acquires in this deal.
By Emma Liem Beckett • June 30, 2021 -
Courtesy of Business Wire
P.F. Chang's aims to have 50 To Go stores by 2022
The chain currently has 10 of its smaller footprint, off-premise-focused stores open, with 20 additional units underway.
By Alicia Kelso • June 29, 2021 -
Permission granted by Wendy's
Q&AWendy's CMO on Twitter snark, 'Rick and Morty' and building a $1B breakfast business
Carl Loredo, the chain's marketing chief since 2019, said his overall vision is unchanged by the pandemic, while tactics are evolving to meet tech needs.
By Peter Adams • June 29, 2021 -
Courtesy of Domino's Pizza
Domino's lets customers bet on speediness of carside delivery with DraftKings tie-up
The challenge lets DraftKings users predict whether orders will actually show up in under two minutes for a chance to win a share of a $200,000 pot.
By Peter Adams • June 28, 2021 -
Robert Mora via Getty Images
Grubhub partners with Las Vegas hotel to replace in-room dining
The deal with Resorts World Las Vegas lets guests order from the resort's 40 food and beverage concepts using the aggregator's app or via QR codes located on the property.
By Alicia Kelso • June 24, 2021 -
Courtesy of Dunkin'
Dunkin' taps Coke marketing vet as US CMO following two-year search
Rafael Acevedo will shepherd a wide range of marketing functions, including digital initiatives, as the chain navigates the pandemic reopening.
By Peter Adams • Updated June 22, 2021 -
Courtesy of KFC Canada
How Yum Brands generates sales, cultural impact with a three-pronged marketing framework
Former CEO Greg Creed and CMO Ken Muench went deep on an R.E.D. strategy — also the subject of their new book — that has turned brands like Taco Bell into category trendsetters.
By Peter Adams • June 17, 2021 -
Dan Kitwood via Getty Images
McDonald's CEO: '$7.25 in this day and age is not what you should be paying'
Chris Kempczinski said at the CNBC Global Evolve Summit Wednesday that hourly wages will rise to $15 across the industry regardless of legislative mandates due to the strength of the economy.
By Emma Liem Beckett • June 17, 2021 -
Courtesy of Dutch Bros
Dutch Bros IPO prices above forecast for $3.8B valuation
The coffee chain will go public on the New York Stock Exchange Wednesday and raised the price of its shares to $23 each, an increase from its previously announced pricing of $18 to $20 per share.
By Alicia Kelso • Updated Sept. 15, 2021 -
Permission granted by &pizza
&pizza offers $500 bonus to fully vaccinated employees
The incentive, provided to new hires and current employees, builds on the chain's previous offerings of paid-time off and subsidized transportation to get COVID-19 shots.
By Julie Littman • June 15, 2021 -
Retrieved from Chipotle Mexican Grill, Inc. on June 14, 2021
Chipotle airs first national TV ad starring athlete as hype around Olympics builds
A spot featuring soccer player Julie Ertz promotes the brand's largest celebrity-curated menu to date, which is only available on digital and mobile channels.
By Peter Adams • June 14, 2021 -
Scott Olson via Getty Images
Shake Shack taps Goldman Sachs analyst as new CFO
Katherine Fogertey will take the reins at the publicly listed fast casual chain on June 14.
By Jane Thier , Julie Littman • June 10, 2021 -
Courtesy of Starbucks
Starbucks resurrects reusable cup program after pandemic hiatus
The chain will restart the program on June 22 with a new contactless process that reduces touchpoints between employees and diners.
By Alicia Kelso • June 9, 2021 -
Courtesy of Burger King
Burger King trolls Chick-fil-A with LGBTQ donations during Pride
The latest escalation of the chicken sandwich wars is a not-so-subtle dig at a company with a history of donating to anti-LGBTQ charities.
By Chris Kelly • June 9, 2021 -
Chuck E. Cheese will hire 5K employees this summer
The eatertainment chain's hiring push may pale in comparison to some of its quick-service peers, but it does illustrate signs of recovery after a tumultuous year that included bankruptcy.
By Alicia Kelso • June 2, 2021 -
Courtesy of Sweetgreen
Sweetgreen refreshes brand identity to spotlight sustainability, focus on 'real food'
The overhaul has been in the works for the past year and is now being implemented across marketing and advertising, social media, physical store design, digital signage, packaging and employee uniforms.
By Peter Adams • May 27, 2021 -
Courtesy of Chipotle
Q&AWhy Chipotle tapped Discord in its push for fresh recruitment tactics
Chipotle's Director of Talent Acquisition Michael Miller dishes on the burrito giant's hiring event hosted by the instant messaging platform.
By Katie Clarey • May 26, 2021 -
Courtesy of Yum Brands/BusinessWire
Yum Brands partners with University of Louisville to open franchising center
The Yum Center for Global Franchise Excellence will focus on recruiting and educating underrepresented people of color and women about franchising.
By Julie Littman • May 26, 2021 -
Grubhub teams with Restaurant Strong Fund to offer $2M in grants
The program's $5,000 grants for select restaurants with five or fewer locations could help fill the gap left by the Restaurant Revitalization Fund's early closure.
By Emma Liem Beckett • May 25, 2021 -
Permission granted by Chipotle
Chipotle aims to gamify mental health goals with Aduro partnership
Chipotle workers will be able to earn gift cards, healthcare discounts and other benefits by achieving well-being goals set on virtual wellness platform Strive.
By Katie Clarey • May 24, 2021
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