Corporate Operations: Page 51
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Le Pain Quotidien's US arm files for bankruptcy, sold for $3M
The cafe chain, which already temporarily closed its 98 units and fired 2,000 employees due to COVID-19, said it would have faced liquidation if not for the sale to Aurify Brands.
By Julie Littman • May 27, 2020 -
TGI Fridays could permanently close 20% of US locations
To try to drive sales, the chain is testing party tents that let diners eat in restaurant parking lots in New Hampshire, with plans to roll out the pilot to Connecticut.
By Emma Liem Beckett • May 27, 2020 -
French insurer ordered to pay restaurant's coronavirus disruption claim
The ruling requires insurance company AXA to pay two months' worth a restaurant company's revenue losses due to the COVID-19 outbreak, results that could have implications for the U.S. market as well.
By Alicia Kelso • May 27, 2020 -
Alabama Extension. (2020). "The image" [Photograph]. Retrieved from Flickr.
5 chains at risk of defaulting within a year
Dave & Buster's, Bloomin' Brands, The Cheesecake Factory, Denny's and Brinker International have the highest probability, according to S&P Global data, which could further complicate recovery plans.
By Julie Littman , Emma Liem Beckett • May 26, 2020 -
Q&A
PepsiCo Foodservice CMO on linking restaurant relief to culture amid a pandemic
Scott Finlow spoke to Marketing Dive about how the food and beverage giant's purposeful efforts have tapped into what's popular now, including John Krasinski's "Some Good News."
By Peter Adams • May 26, 2020 -
Retrieved from Starbucks on May 22, 2020
Starbucks could close up to 400 stores in next 18 months
The closures are part of Starbucks' repositioning plan, in which the chain will develop more pickup-only locations and move units out of low-traffic malls and into sites where there could be a drive-thru.
By Alicia Kelso • Updated June 10, 2020 -
McDonald’s warns franchisees of potential retrenchment from coronavirus crisis
McDonald’s U.S. President Joe Erlinger told operators on a call last week that they may have to consider selling locations or downsizing, Bloomberg reports.
By Alicia Kelso • May 21, 2020 -
Illinois judge denies McDonald's motion to dismiss workers' coronavirus lawsuit
Two workers testified on Thursday at a preliminary injunction hearing that the fast food chain didn't provide enough safety information and employees often worked close together despite the pandemic.
By Alicia Kelso • Updated June 5, 2020 -
Chipotle's TikTok campaign shows off new app features
The chain unveiled a series of "TikTok Hack Menu" videos to show how people can create personalized menu items in its own app.
By Robert Williams • May 20, 2020 -
Subway lays off 150 more employees
The job cuts mark the struggling sandwich chain's second major workforce reduction in just three months.
By Emma Liem Beckett • May 20, 2020 -
Potbelly's financial woes deepen after saying it may not meet debt obligations
The sandwich chain, which previously reported it could close up to 100 stores, says it could violate debt covenants by June without changes to its agreement.
By Julie Littman • May 20, 2020 -
Chick-Fil-A, Papa John's top ranking of app performance
The best-performing brands have apps that load on mobile devices quickly to keep customers engaged in a branded experience.
By Robert Williams • May 20, 2020 -
75% of small businesses sought PPP aid, Census Bureau finds
About 38% of the survey's 22,000 respondents said they've received loan money — and the coronavirus' impact appeared disproportionately felt in the Northeast and Great Lakes.
By Dan Ennis • May 19, 2020 -
Retrieved from McDonald's on July 25, 2019
McDonald's faces criticism for sexual harassment issues in international markets
Labor organizations from around the globe filed a joint complaint Monday against the chain, alleging patterns of rampant harassment and gender-based violence.
By Alicia Kelso • May 19, 2020 -
New CEO to take helm at National Restaurant Association
Effective June 1, Tom Bené, a former Sysco and PepsiCo exec, will lead the organization during one of the most difficult times the industry has ever faced.
By Julie Littman • May 18, 2020 -
Column
Shift Change: Wingstop appoints CTO, Sweetgreen hires COO
This week's Shift Change also includes new board members at Potbelly and Dave & Buster's.
By Julie Littman • May 15, 2020 -
McDonald’s reopening requirements saddle operators with more costs
The chain's 59-page reopening guide for its U.S. restaurants includes purchasing recommendations for a $718 touchless sink and $310 automatic towel dispenser, The Wall Street Journal reports.
By Alicia Kelso • May 15, 2020 -
Cculber007. (2005). "Krystal" [Photograph]. Retrieved from Wikimedia Commons.
Bankrupt Krystal sold to Fortess Investment Group for $48M
With healthy M&A all but paused during the pandemic, distressed company sales are likely to be among the handful of deals to occur this year.
By Julie Littman • May 15, 2020 -
Starbucks seeks rent relief for a full year
In a letter written by Starbucks COO Roz Brewer and obtained by Restaurant Business, the company asked its landlords for 12 months of rent breaks for its corporate-owned units beginning in June.
By Alicia Kelso • May 14, 2020 -
McDonald's will boost US marketing $100M as dining rooms reopen
It's unclear what future marketing promotions will look like, though the fast-food behemoth is likely to highlight safety precautions early on to address consumer concerns about eating in restaurants.
By Robert Williams • May 14, 2020 -
Potbelly could permanently close up to 100 stores
About 90% of the shops under consideration for closure were impaired before the pandemic and are even more challenged today, CFO Steve Cirulis said on an earnings call.
By Julie Littman • May 13, 2020 -
Retrieved from Inspire Brands on May 12, 2020
Buffalo Wild Wings unveils its first 'GO' store in Atlanta
The new concept, which will open Wednesday, features heated pickup lockers to service guests who order ahead via the brand's mobile app.
By Lauren Manning • May 12, 2020 -
Chipotle secures $600M in cash
The fast casual chain is the latest to secure cash from a revolving credit line, joining the likes of McDonald's and Yum Brands in using this tactic to weather the economic storm from the novel coronavirus pandemic.
By Alicia Kelso • May 11, 2020 -
Burger King will test reservations in Italy
The chain expects to begin the pilot June 1 at three Milan restaurants. If successful, the app could be used in other countries.
By Emma Liem Beckett • May 7, 2020 -
Retrieved from Chick-fil-A on May 07, 2020
Chick-fil-A to reopen some restaurants in coming weeks
The chicken chain will install plexiglass at the front counters and add floor decals every six feet both inside and outside as it begins offering carryout.
By Julie Littman • May 7, 2020