McDonald's

Financing

On Russia, restaurants found themselves ‘between a rock and a hard place’

The Bottom Line: Closing stores in Russia is costing McDonald’s and other brands millions. But the cost of not doing so might be even greater.

Food

A decade later, progress to stop the use of gestation crates remains slow

In 2012, McDonald’s and other restaurant companies committed to sourcing pork only from pigs raised in open housing by 2022. The deadline is here, but can they meet it?

The burger chain estimates that its decision to temporarily close its operations in the country will cost $50 million per month. The move spurred an exodus from one of the restaurant industry’s biggest global growth markets.

Would you get a restaurant brand tattoo? Shake Shack is hopping on the bitcoin bandwagon. And restaurants are giving the hard sell to St. Patrick’s Day, after a long pandemic pause.

KFC owner Yum Brands is also pausing development and assessing its options in the country as restaurants join other businesses in reacting to the invasion of Ukraine.

Kytch, a technology startup that made software designed to help operators fix their ice cream machines, has sued the brand for $900 million. And competitors continue to poke fun at the problem.

The investor has ignited a proxy fight against the burger giant over the treatment of pigs. But the company is wondering why Icahn isn’t making the same recommendation to a pork supply business he owns.

The Bottom Line: The famed investor is not a big shareholder. But he is close to igniting a proxy war against the burger giant over what he says is an unkept promise on the use of gestation crates.

The company’s deal provides operators with some of the industry’s lowest third-party delivery fees. But charges increase if orders are slow.

A huge percentage of the business at major quick-service restaurants, including McDonald’s, Starbucks and KFC, is coming through apps, delivery and kiosks.

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