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Financing

Subway’s late cofounder donates his half of the chain to his foundation

 By Jonathan Maze on Feb. 01, 2023

Dr. Peter Buck, who cofounded the chain with Fred DeLuca, left his 50% ownership in the company to the charity he and his wife started more than 20 years ago.

Financing

Restaurants want to do more business in less space

 By Jonathan Maze on Feb. 01, 2023

Inflation is driving up the cost of operating a restaurant, making efficiency more important than ever. So chains are shrinking the size of their restaurants and reorganizing their kitchens.

Financing

Inflation hits McDonald’s and its European operators

By Jonathan Maze on Jan. 31, 2023

The burger giant expects thinner margins this year and it is spending up to $150 million to support franchisees in Europe hit by higher costs.

Financing

McDonald’s sales accelerated last quarter, thanks to adult Happy Meals and the McRib

By Jonathan Maze on Jan. 31, 2023

The company’s same-store sales rose 10.3% in the U.S. behind its marketing promotions and increased customer counts.

Financing

McDonald’s added U.S. restaurants last year for the first time since 2014

By Jonathan Maze on Jan. 31, 2023

And the burger giant is planning to step up its development, saying it has a “right” to do so after generating strong sales growth since the pandemic.

Financing

Laxman Narasimhan gets $8.8M to take the Starbucks CEO job

By Jonathan Maze on Jan. 30, 2023

The coffee giant’s “CEO elect,” who takes over the full-time job in April, received a sign-on bonus and stock awards. Howard Schultz, the interim CEO, was paid $1.

Operations

Inside Papa John’s new international prototype

By Jonathan Maze on Jan. 27, 2023

The pizza chain, eager to add locations outside the U.S., has rolled out a new prototype designed to be more flexible and tailored to specific needs.

Financing

McDonald’s steps out of the political shadows

By Jonathan Maze on Jan. 27, 2023

The Bottom Line: The burger giant traditionally lets others do all the talking on major political issues. But more recently it has made its voice heard on topics like California's business climate or crime in Chicago.

Food

How a few menu board tweaks generated sales for A&W

By Jonathan Maze on Jan. 26, 2023

The root beer and burger chain reconfigured its menu boards to emphasize its more popular items. The result was consistently improved sales.

Leadership

A Delaware court hands a big loss to McDonald’s former HR chief

By Jonathan Maze on Jan. 26, 2023

A judge ruled that David Fairhurst, the company’s former head of human resources, had a duty to report actions by former CEO Steve Easterbrook that led to its ouster.

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