Corporate: Page 2
-
Cracker Barrel CFO to retire
The casual chain has appointed Doug Couvillion, its senior vice president of sourcing and supply chain, as Interim CFO effective upon Jill Golder's Dec. 31 retirement.
By Jane Thier , Julie Littman • Dec. 15, 2020 -
Uber, DoorDash bankroll new driver benefits in California with price hikes
The aggregators are rolling out customer fees to help pay for healthcare subsidies, mileage reimbursement and occupational insurance they promised in winning ballot measure Proposition 22.
By Emma Liem Beckett • Dec. 15, 2020 -
Retrieved from Domino's on December 14, 2020
Domino's to offer over $9.6M in bonuses to 11,500 employees
During December, company-owned restaurant and supply chain workers will receive up to $1,200 in extra compensation.
By Julie Littman • Dec. 14, 2020 -
Panera, Pepsi bite into virtual pizza party trend
Starring comedian King Bach, the push spoofs pandemic-spurred trends like virtual parties and cocktail hours on videoconferencing services such as Zoom.
By Robert Williams • Dec. 14, 2020 -
Starbucks expects to have 55K locations within 10 years
During an investor event this week, Starbucks said it plans to add about 22,000 new units by 2030, with China identified as its priority growth market.
By Alicia Kelso • Dec. 11, 2020 -
Fat Brands to merge with Fog Cutter Capital Group
The Johnny Rockets owner says the agreement to combine with its controlling stockholder will provide the company with more financial flexibility and simplify its corporate structure.
By Julie Littman • UPDATED: Dec. 11, 2020 at 10:15 a.m. -
Retrieved from Starbucks on June 03, 2020
All US Starbucks employees to make at least $15 an hour in 3 years
The company's latest commitment follows an announcement to begin increasing pay by at least 10% starting Dec. 14.
By Julie Littman • Dec. 10, 2020 -
Taco Bell CFO moves to Qdoba after 6 months
Leviathan Winn, who spent the bulk of his career in investment banking before stepping in as Taco Bell's global CFO in May, was named Qdoba's finance chief Monday.
By Jane Thier • Dec. 09, 2020 -
DoorDash valued at $39B after IPO
By selling 33 million shares at $102 a piece, the food delivery company would raise nearly $3.4 million and become the second largest IPO of the year.
By Julie Littman • Dec. 09, 2020 -
Dive Awards
Executive of the Year: Rob Lynch, Papa John's
Lynch vaulted the pizza chain from a culture crisis left by founder John Schnatter to a path to growth marked by menu innovation, a marketing reset and deep franchisee support.
By Emma Liem Beckett • Dec. 09, 2020 -
Retrieved from Chipotle on July 15, 2020
Dive Awards
Company of the Year: Chipotle
While its digital platform has become a major driver of sales during the pandemic, the company's shifting menu innovation and marketing strategies continue to help boost brand awareness and sales.
By Julie Littman • Dec. 09, 2020 -
Dive Awards
The Restaurant Dive Awards for 2020
From Chipotle to DoorDash, these are the companies and executives that led restaurant industry innovation in a time of crisis.
By Restaurant Dive Team • Dec. 09, 2020 -
Papa John's cooks up a supplier diversity program from scratch
A top-down mandate and good data are essential ingredients in a successful effort to diversify suppliers, said the pizzamaker's director of diversity, equity and inclusion.
By Emma Cosgrove • Dec. 08, 2020 -
Retrieved from KFC on December 07, 2020
KFC gets steamy with Lifetime movie starring Mario Lopez as Col. Sanders
"A Recipe For Seduction" ties to a promotion with Uber Eats, as the marketer looks to link an ambitious original content play with commerce.
By Peter Adams • Dec. 07, 2020 -
McDonald's US franchisees to shoulder more costs, Bloomberg reports
The fast food chain is ending a $300-per-month subsidy it pays each franchisee and is shifting operators to a "pay as you go" model for tech investment, and operators told Restaurant Businesses these changes caught them by surprise.
By Emma Liem Beckett • Dec. 04, 2020 -
Smashburger settles racial harassment claims
The agreement calls for the restaurant to revise its anti-discrimination policies and implement training for supervisors, management and HR.
By Lisa Burden • Dec. 04, 2020 -
Cheesecake Factory pays $125K SEC fine over 'misleading' COVID-19 disclosures
The agency claims the chain reported in regulatory filings it was "operating sustainably," but didn't disclose it was burning $6 million in cash per week.
By Emma Liem Beckett • Dec. 04, 2020 -
Fast casual Saladworks opens in a Cincinnati Kroger
The salad chain has opened 22 stores over the first half of 2020 despite the pandemic, leaning into more unconventional locations, including supermarkets and military bases.
By Rosie Bradbury • Nov. 25, 2020 -
California Pizza Kitchen emerges from bankruptcy with significantly less debt
The company is now focused on expanding its global franchise footprint, innovating its menu and investing in marketing and digital, including continued acceleration of its off-premise channels.
By Alicia Kelso • Nov. 24, 2020 -
How 13 casual chains are turning sales around
Even though full-service chains' still face an uphill battle, many are seeing positive results from accelerated off-premise initiatives and new offerings that could last even after the pandemic.
By Julie Littman • Nov. 24, 2020 -
Papa John's adds AI phone technology to streamline operations
The platform combines artificial intelligence with human operators to ensure restaurants don't miss orders, which could deepen customer loyalty.
By Alicia Kelso • Nov. 20, 2020 -
Wendy's wants to buy NPC International's 393 units
The QSR put forth a consortium bid with a group of pre-qualified franchisees a week after it filed an objection to a deal proposed by stalking horse bidder Flynn Restaurant Group.
By Julie Littman • Nov. 19, 2020 -
&pizza commits to a $15 minimum wage by 2022
The chain has pushed for higher wages since its launch in 2012. This marks one of its many progressive initiatives, including providing raises and extra benefits during the pandemic.
By Alicia Kelso • Nov. 19, 2020 -
Zaxby's looks to go national as Goldman Sachs buys 'significant' stake
The partnership will help the chicken chain accelerate growth and enhance the guest experience. A spokesperson said it may potentially eye international expansion as well.
By Julie Littman • Nov. 19, 2020 -
Starbucks boosts employee pay as US wages rise
The coffee giant will hike wages at least 10% for baristas, shift supervisors and cafe attendants hired on or before Sept. 14. Starting pay will also be raised 5%.
By Emma Liem Beckett • Nov. 19, 2020