Subway’s late cofounder donates his half of the chain to his foundation
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.
Wing concepts gear up for high demand and higher profits on Super Bowl Sunday
Chicken wing supplies and prices are back to pre-COVID or better levels, and operators are reaping the rewards and passing value on to consumers.
McDonald’s added U.S. restaurants last year for the first time since 2014
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.
Red Lobster, private equity, and the problem of asset sales
The Bottom Line: Eight years after Darden sold the seafood chain, it is closing locations, talking about a “turnaround” and seeking rent concessions.
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