Corporate Operations: Page 32
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McDonald's, Byron Allen dispute continues amid scrutiny into QSR ad-spending practices
In January, the media mogul's amended complaint got the go-ahead from a federal judge after a previous version was dismissed due to a lack of sufficient evidence.
By Peter Adams • Updated June 2, 2022 -
Domino's CFO Stuart Levy resigns
The pizza chain is searching for a replacement and, in the meantime, has created a new Office of the CFO overseen by CEO Ritch Allison.
By Thai Phi Le • May 20, 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 -
Retrieved from Panera on May 20, 2021
Panera unveils double drive-thru store design
Going forward, all Panera builds and remodels will feature this design, and most locations will be in suburban markets to accommodate the drive-thrus.
By Emma Liem Beckett • May 20, 2021 -
Permission granted by Goldbelly
Goldbelly snags $100M after seeing 300% growth in 2020
The novelty food delivery service will put this capital infusion toward scaling its technology and operations and accelerating the onboarding of new chefs and restaurants.
By Emma Liem Beckett • May 19, 2021 -
Permission granted by Wendy's
Wendy's pursues ghost kitchens, says 30% of new units will be nontraditional
The chain's U.S. digital business grew to roughly 7.5% of sales in Q1 2021 thanks to increases in mobile ordering and delivery, inspiring store designs with delivery drivers in mind, Chief Development Officer Abigail Pringle said.
By Emma Liem Beckett • May 14, 2021 -
McDonald's raises pay at US corporate stores ahead of planned worker strike
McDonald's is raising hourly wages by an average of 10% at its U.S. company-owned restaurants, impacting more than 36,500 employees. Ninety-five percent of the chain's U.S. footprint will not be affected, however.
By Emma Liem Beckett • May 13, 2021 -
Courtesy of IHOP
Following first quarter rebound, Applebee's, IHOP parent hires new CFO
On June 14, Vance Chang will replace Dine Brand's corporate controller and interim CFO Allison Hall, who is moving into the chief accounting officer role.
By Jane Thier • May 13, 2021 -
Sweetgreen files for IPO
The news comes on the heels of a $156 million cash infusion led by Lone Pine Capital in January, as well as the chain's plans to pilot a drive-thru this year and invest in suburban expansion.
By Emma Liem Beckett • Updated June 21, 2021 -
Courtesy of Subway
Subway goes on a hiring spree for 40K workers
Despite a history of sluggish unit and sales growth, the chain looks to fill roles ranging from entry-level to management after closing 10% of its units last year.
By Alicia Kelso • May 11, 2021 -
Courtesy of McDonald's
McDonald's deploys marketing muscle for vaccine awareness in tie-in with Biden admin
The brand's Times Square billboards, McCafé cups and delivery order seal stickers will supply information on vaccines and use art from the national "We Can Do This" campaign.
By Peter Adams • May 11, 2021 -
Photo illustration by Adeline Kon/Restaurant Dive; photograph by Justin Sullivan via Getty Images
Deep DiveHelp wanted: How chains are adjusting hiring tactics to boost staffing
Amid an ongoing labor shortage, major restaurant brands are experimenting with mass hiring events, bonuses, pay raises and streamlined application processes to attract much-needed employees.
By Julie Littman • May 11, 2021 -
Joe Raedle via Getty Images
Deep DiveHow the labor shortage is shifting restaurant strategy
Diners are returning in droves as COVID-19 dining room restrictions ease, but staff are hard to come by, creating a difficult balancing act for operators trying to recoup lost revenue.
May 11, 2021 -
Chris Hondros via Getty Images
Deep DiveUp from the ashes: Restaurant CFOs prepare for boom
Profit-hungry restaurant CFOs blindsided by the pandemic get ready for robust economic growth, offering lessons for leaders in less-stressed industries.
By Jim Tyson • May 10, 2021 -
McDonald's workers will strike for higher wages next week
Employees in 15 markets will demand that the mega chain raise its wages to at least $15 an hour, while McDonald's argues it is "the responsibility of federal and local governments to set minimum wage."
By Alicia Kelso • May 10, 2021 -
Courtesy of Chipotle
Chipotle to boost average hourly earnings to $15 by end of June
The chain also plans to hire 20,000 employees in the U.S. and is offering referral bonuses for crew members, apprentices and general managers.
By Julie Littman • May 10, 2021 -
Courtesy of Uber Pressroom
Uber and Gopuff link up on 'everyday essentials' e-shop
The deal marks the first time Uber has partnered with a vertically integrated delivery business, reflecting the company's push to diversify its delivery arm in a bid to reach profitability.
By Jeff Wells • May 5, 2021 -
Krispy Kreme files for $100M IPO
The company shared in a Form S-1 document Tuesday that it will use the money to pay off outstanding debt.
By Julie Littman • Updated June 1, 2021 -
Adeline Kon/Restaurant Dive
Deep DiveNow hiring: How the labor shortage is squeezing full-service restaurants
Foodservice workers burnt out by the segment's recent instability are leaving for other industries or living on high unemployment benefits, sparking a staffing crisis as dining rooms open.
By Julie Littman • May 4, 2021 -
Courtesy of Saladworks
Saladworks sees path to 'hundreds' more locations inside grocery stores
After capitalizing on shuttered salad bars nationwide, the restaurant chain plans to accelerate its rollout of full-service and ghost kitchen sites.
By Jeff Wells • May 4, 2021 -
Permission granted by Starbucks
Starbucks says it will help distribution partners struggling with labor shortages
Delayed or disrupted fulfillment from distribution centers to stores are possible if Starbucks delivery partners can't find the labor they need to move goods.
By A.B. Brown • May 3, 2021 -
Modern Restaurant Concepts tested ghost kitchens but won't pursue them
CEO Rob McColgan said driving diner awareness in trade areas without physical locations was too challenging, but shared virtual brand Honest Pizza Co. has been successful and could be scaled across its network.
By Emma Liem Beckett • May 3, 2021 -
Retrieved from McDonald's on January 05, 2021
McDonald's Q1 bolstered by chicken sandwich, marketing investments
The chain also generated nearly $1.5 billion in digital sales for the period and has over 20 million active app users, which could boost its loyalty program once it comes out of test mode.
By Alicia Kelso • April 30, 2021 -
Courtesy of PR Newswire
7-Eleven makes an aggressive play for the QSR space
While announcing its latest Evolution Store, which will house two eateries, COO Chris Tanco said the convenience store chain wants to open nearly 150 restaurants this year.
By Alicia Kelso • April 30, 2021 -
Cava will use $190M funding to continue investing in AI-driven personalization, CEO says
The chain also recently began testing near-field communication technology so diners can "pay in store and apply loyalty with one action," Brett Schulman wrote in an email.
By Emma Liem Beckett • April 30, 2021 -
Courtesy of Shake Shack
Shake Shack aims for gender parity, 50% POC restaurant leadership by 2025
The QSR is also striving for 30% of corporate leadership roles to be made up of people of color and has launched a training program to provide shift managers with skills to advance.
By Alicia Kelso • April 29, 2021
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