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Leadership

Taco Bell CEO Mark King is the 2023 Restaurant Leader of the Year

 By Jonathan Maze and Patricia Cobe on Apr. 17, 2023

The Mexican fast-food chain thrived under his leadership in 2022, thanks to some big marketing wins and the concept of “restless creativity.”

Financing

Subway takes a key step in its franchising strategy

 By Jonathan Maze on Apr. 17, 2023

Subway, eager to bring more large-scale operators into the system, announced agreements with five new multi-unit restaurant franchisees. It also grew its international business last year.

Marketing

McDonald's is making several improvements to its burgers

By Jonathan Maze on Apr. 17, 2023

The fast-food chain is making a number of small changes to its Big Macs and classic Cheeseburgers, including a hotter sear and melted cheese, which the company believes lead to a big improvement in quality.

Leadership

Burger King franchisee Carrols names Deborah Derby CEO

By Jonathan Maze on Apr. 13, 2023

The former Toys R Us executive will take over leadership of the fast-food burger chain’s largest franchisee.

Financing

Subway may be a microcosm of the slow M&A market right now

By Jonathan Maze on Apr. 13, 2023

The Bottom Line: The CEO of Papa Murphy’s and Wetzel’s Pretzels owner MTY Group cited the sandwich giant’s reportedly lowered asking price, and suggested it could further cool the market for restaurant acquisitions.

Financing

Here's how much Burger King's parent paid Patrick Doyle to be executive chairman

By Jonathan Maze on Apr. 12, 2023

The former CEO of Domino's Pizza, lured out of retirement by Restaurant Brands International last year, was paid $117 million in stock and option awards.

Operations

New Twisted by Wetzel's readies for debut as pretzel snacking wonderland

By Lisa Jennings on Apr. 12, 2023

This new concept from Wetzel's Pretzels is designed as a standalone that will take the brand out of malls with a new whimsical identity.

Leadership

Claudia San Pedro is stepping down as Sonic president

By Jonathan Maze on Apr. 12, 2023

The 2022 Restaurant Business Restaurant Leader of the Year is leaving the company to focus on family medical matters. Arby's Brand President Jim Taylor is taking her place, while Rita Patel will head Arby's.

Marketing

Big KFC operator to roll out text message alerts

By Joe Guszkowski on Apr. 11, 2023

KBP Brands will start texting deals and updates to subscribers across all of its 847 locations.

Financing

Why Domino's may be a canary in the coal mine

By Jonathan Maze on Apr. 11, 2023

The Bottom Line: The pizza delivery chain saw a dramatic shift toward carryout last year, which it blamed on the impact inflation is having on consumers. So why aren’t we aren’t DoorDash and Uber Eats saying the same thing?

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