Restaurants’ growth plans get stuck in red tape
Operators have increasingly aggressive growth plans and are proposing more complicated restaurant formats than ever. But permitting and construction delays are slowing it all down.Restaurant Business Exclusive Content
Financing
A tweet comes between Grubhub and McDonald's franchisees
The Bottom Line: The fast-food burger chain’s former top U.S. corporate relations officer said, “cry me a river” in a now-deleted tweet about McDonald’s franchisees. It didn’t go over well, either with them or his new employer, Grubhub.
Food
Burger King borrows preps from fine dining to innovate the menu
The burger chain’s new culinary focus reflects head chef Chad Brauze’s experience and passion gained in Michelin-starred restaurants.
Financing
Why the 2021 restaurant buying spree may come back to haunt some operators
The Bottom Line: Franchisees in particular jumped at the chance to scoop up restaurants in 2021, often paying sky-high multiples in the process. And then inflation hit.