Fast Casual

Chipotle agrees to pay NYC workers up to $20M

By Jonathan Maze on Aug. 10, 2022

The city had charged the burrito chain with violating scheduling and sick leave rules. The settlement affects about 13,000 workers.

Financing

Sweetgreen cuts 5% of workforce after warning on sales and profits

By Jonathan Maze on Aug. 09, 2022

The salad chain is cutting costs to get to profitability after it warned that sales and profits would be below expectations. The news sent the company’s stock price plunging.

Leadership

Freddy’s promotes Brian Wise to the role of COO

By Lisa Jennings on Aug. 09, 2022

Freddy's promotes Brian Wise to role of chief operating officer, and Jerry Kunz is named Vice President of Finance.

Financing

Butterfly Equity to acquire Qdoba

By Jonathan Maze on Aug. 09, 2022

The private equity fund will merge the 750-unit burrito chain with Modern Market and Lemonade owner Modern Market Concepts.

Financing

Shake Shack sees promising early results in the drive-thru

By Joe Guszkowski on Aug. 04, 2022

The chain’s six drive-thru units generated higher average weekly sales than other restaurants, and it has plans to open many more over the next year-plus.

Financing

Meat costs continue to plague Portillo's

By Joe Guszkowski on Aug. 04, 2022

The Italian beef chain faced "unprecedented" inflation for the second straight quarter. Traffic also fell nearly 6%.

Leadership

Danny Meyer on the challenges all leaders face

By Peter Romeo on Aug. 02, 2022

In an interview conducted two months after the IPO of Shake Shack, a spin-off he serves as chairman, Meyer shared his take on the challenges of transitioning from entrepreneur to corporate chief.

Workforce