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Financing

Stake your claim to the low-price market at your own risk

 By Jonathan Maze on Sep. 28, 2023

The Bottom Line: Subway and Burger King have staked their claims as value leaders in their respective segments. Recent events have highlighted the difficulties of that position.

Financing

Subway pushes its franchisees to accept digital offers

 By Jonathan Maze on Sep. 27, 2023

The sandwich giant, which is being sold to Roark Capital, told franchisees that they must accept mobile app discounts by Dec. 28. A lot of the brand’s operators were not pleased.

Financing

A Burger King franchisee gets sold out of bankruptcy, and a big buyer is Burger King

By Jonathan Maze on Sep. 27, 2023

Meridian Restaurants, the large operator that declared bankruptcy in March, is selling 70 of its 91 remaining restaurants to several different franchisees as well as the brand following an auction this month.

Leadership

Krispy Kreme to promote Josh Charlesworth to CEO

By Jonathan Maze on Sep. 25, 2023

The company’s chief operating officer will take the top job in January. Current CEO Mike Tattersfield will remain on the board and will serve as a senior advisor.

Financing

Is it a service fee or a royalty? To McDonald's franchisees, the difference is huge

By Jonathan Maze on Sep. 24, 2023

The burger chain's operators say their cash flow has not kept pace with inflation and the higher royalty on new units and acquisitions will make matters worse. But they say a term change is the bigger problem.

Financing

McDonald's plans to increase its U.S. royalty fees by 25%

By Jonathan Maze on Sep. 22, 2023

The burger giant plans to start charging its franchisees 5% of revenue on new locations or acquisitions of corporate restaurants starting next year in the U.S. and Canada, up from 4%.

Marketing

Fast-food marketing comes under legal scrutiny

By Jonathan Maze and Reyna Estrada on Sep. 22, 2023

Quick-service brands have long used food stylists to make their burgers look better in ads than they do in the restaurants. But customers are pushing back. And a recent ruling against Burger King is giving their complaints life.

Financing

Will Subway make Roark Capital too dominant? Not really

By Jonathan Maze on Sep. 21, 2023

The Bottom Line: The addition of the sandwich giant will make Roark a bigger player than McDonald's in the U.S. But its position in the sandwich market will not be all that unusual.

Financing

Krispy Kreme's competitors are not who you think

By Jonathan Maze on Sep. 20, 2023

The doughnut chain is an “affordable luxury” that people gather to enjoy. Its competitors are not just Dunkin’ and other doughnut concepts but cake makers and even florists.

Financing

California's fast-food bill will affect more companies, but not many

By Jonathan Maze on Sep. 19, 2023

The Bottom Line: Fewer than 200 restaurant chains will be affected by the lowered threshold included in the compromise fast-food legislation.

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