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McDonald's is closing its field offices in the U.S. as it moves to a national model

 By Jonathan Maze on Apr. 06, 2023

The Chicago-based fast-food giant is eliminating its East-West zone structure and moving to a national field support model as part of its organizational restructuring in the U.S. Its 10 field offices across the country will now go virtual.

Financing

Papa Johns is making a big push in India

 By Jonathan Maze on Apr. 05, 2023

The fast-food pizza chain signed a deal with PJP Investments to develop 650 locations in the populous country by 2033. The first location is expected to open in 2024.

Operations

Take a look at Duck Donuts' flexible new prototype

By Jonathan Maze on Apr. 05, 2023

The Pennsylvania-based donut chain introduced a new design aimed at optimizing orders for customers and reducing costs for franchisees. Take a look inside.

Financing

Chick-fil-A had another strong year in 2022

By Jonathan Maze on Apr. 05, 2023

The chicken sandwich chain’s domestic system sales increased another 13% last year. But check out how much a stand-alone restaurant makes now.

Financing

Layoffs over Zoom? McDonald's takes a big risk with its reorganization

By Jonathan Maze on Apr. 04, 2023

The burger giant is letting “hundreds” of its people go virtually, causing fear among employees and more anger among operators already frustrated by other changes.

Financing

Burger King franchisee Toms King is being sold for $33M out of bankruptcy

By Jonathan Maze on Apr. 04, 2023

The big operator, which sought Chapter 11 bankruptcy protection in January and was put up for sale, is being sold to four different companies, including Burger King's former U.K. operator and a big Round Table Pizza franchisee.

Financing

Virtual layoffs come to the restaurant industry

By Jonathan Maze on Apr. 04, 2023

The Bottom Line: McDonald’s says its decision to conduct its layoffs virtually was done out of respect for workers. But letting people go via video screen can feel heartless, particularly in a “people business.”

Financing

McDonald's, despite strong sales, prepares for layoffs

By Jonathan Maze on Apr. 03, 2023

The burger giant is temporarily closing corporate offices this week to notify employees who will be left without a job as part of its corporate restructuring. McDonald's argues the reorganization will speed up innovation.

Financing

El Pollo Loco's private equity investor finally heads for the exits, after 18 years

By Jonathan Maze on Apr. 03, 2023

Trimaran Capital Partners, which first invested in the chicken chain in 2005 and took it public in 2014, is liquidating its holdings in the chain.

Operations

Subway to launch Pickleball Club sandwich

By Lisa Jennings on Mar. 30, 2023

And, yes, there are pickles. The chain is a sponsor of the upcoming Pickleball Slam event, in which tennis icons battle with paddles instead of racquets.

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