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Financing

Yum Brands has a $50M deal to help finance underserved franchisees

 By Jonathan Maze on Mar. 30, 2023

The program with the investment firm Lafayette Square, called Franchise Fast Start, is designed to provide access to capital for underrepresented franchisees of KFC, Pizza Hut, Taco Bell and Habit Burger.

Financing

Focus Brands CEO Jim Holthouser on the future of the company's concepts

 By Jonathan Maze on Mar. 29, 2023

A Deeper Dive: The head of the company that owns Auntie Anne’s, Cinnabon, Carvel, McAlister’s Deli, Schlotzsky’s, Jamba and Moe’s discusses the brands’ growth strategies on this week’s podcast. Also: IPOs, franchisee optimism and tipping.

Financing

McDonald's board shakeup continues as two longtime directors retire

By Jonathan Maze on Mar. 29, 2023

Robert Eckert and John Rogers, who joined the board on the same day in 2003, are retiring as part of the company's "commitment to ongoing refreshment" of its directors.

Financing

Burger King is closing 26 locations in Michigan

By Jonathan Maze on Mar. 28, 2023

EYM King, a Texas-based operator who the brand sued in February for not paying royalties, is closing the locations over the next few weeks.

Financing

Let's put the Starbucks union pay request into some context

By Jonathan Maze on Mar. 27, 2023

The Bottom Line: A labor proposal would mean a full-time worker would earn about $48,000 after tips, about the same as health technologists and more than bus drivers. What would that do to prices?

Food

KFC rolls out hand-breaded chicken nuggets nationwide

By Patricia Cobe on Mar. 23, 2023

After a successful test last year, Kentucky Fried Chicken Nuggets are debuting systemwide Monday, prepared with the Colonel’s Original Recipe.

Beverage

Starbucks brings its olive oil-infused coffee to a skeptical U.S. market

By Jonathan Maze on Mar. 22, 2023

The Seattle-based coffee giant is debuting its Oleato line in select Starbucks Reserve Roasteries on Thursday and then additional locations in Seattle and Los Angeles on Monday. Consumers remain skeptical.

Food

Dunkin’ debuts Breakfast Tacos, a brand-new menu platform

By Patricia Cobe on Mar. 22, 2023

The tacos are filled with breakfast ingredients but they’re available all day, sold in a special holder for guests to grab and go.

Leadership

Papa Johns' CFO steps down

By Jonathan Maze on Mar. 22, 2023

Ann Gugino, whom the quick-service pizza chain hired in 2020, resigned as chief financial officer this week. The company said that it is searching for a replacement.

Leadership

Lion's Choice names Fred Burmer CEO

By Jonathan Maze on Mar. 21, 2023

The roast beef sandwich chain said that the former Yum Brands executive would take over the top spot in April.

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