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Financing

Fast-growing Luckin Coffee admits to a massive fraud

The tech-centric coffee chain out of China said it fabricated some of its transactions last year.

Financing

McDonald’s is adding masks and protective barriers as its coronavirus steps evolve

The chain is taking additional steps to protect workers and employees, prioritizing hot spots.

Starbucks is exploring the use of masks, while McDonald’s is taking more aggressive steps to ensure workers exposed to the coronavirus stay home.

David Gibbs’ salary will go to general managers at company-owned Taco Bell, KFC and Pizza Hut units, as well as the company’s foundation.

Restaurant Brands International is also providing rent relief and is easing requirements for remodels to keep operators afloat.

To stay afloat, operators push curbside and delivery and get creative with at-home decorating kits.

The chain’s sales were up 15% in the week after its breakfast launch before the pandemic changed everything.

The burger giant expects closures and sales declines to impact its financial results, though it can’t predict how much.

The chain plans to temporarily simplify its menu as it helps franchisees operate more efficiently during the coronavirus shutdown.

The owner of KFC, Taco Bell and Pizza Hut says it is taking steps to shore up franchisees’ finances and has accessed its credit line.

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