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Starbucks wants corporate staff to return to the office

By Jonathan Maze on Jan. 12, 2023

Noting that in-store workers don’t have the privilege to work from home, Interim CEO Howard Schultz said employees need to come into the office three days a week.

Financing

Subway is apparently exploring a sale

By Jonathan Maze on Jan. 11, 2023

The privately held sandwich giant has reportedly hired advisers to explore a sale. It would attract a wide range of potential buyers.

Premium

Financing

Here’s why Krispy Kreme is selling doughnuts at McDonald’s

By Jonathan Maze on Jan. 09, 2023

The doughnut chain is testing the sale of its products inside the burger giant’s Louisville, Ky., locations. The company’s goal is to see if it can sell in more locations than just retailers.

Financing

Feds charge McDonald’s and its former CEO over his 2019 termination

By Jonathan Maze on Jan. 09, 2023

The SEC said Steve Easterbrook made false statements regarding the nature of his firing and charged McDonald’s over public disclosure violations. Easterbrook was fined $400,000. The burger giant escaped financial penalties due to its cooperation.

Financing

McDonald’s will evaluate staffing as part of an organizational restructuring

By Jonathan Maze on Jan. 06, 2023

Saying the company “cannot stand still” despite recent success, CEO Chris Kempczinski announced broad changes that will require some “difficult discussions and decisions.”

Financing

A big Burger King franchisee declares bankruptcy

By Jonathan Maze on Jan. 05, 2023

TOMS King Holdings, which operates 90 locations in Illinois, Ohio, Pennsylvania and Virginia, blamed the pandemic for hurting traffic and inflation for draining cash flow.

Premium

Financing

Wawa is outperforming fast-food restaurants

By Jonathan Maze on Jan. 04, 2023

The Bottom Line: Consumers’ shift to value could be turning them onto convenience stores, and the Pennsylvania-based concept is apparently leading the way.

Financing

16 Handles acquires a cookie dough brand

By Jonathan Maze on Jan. 03, 2023

DŌ Cookie Dough Confections, which makes cookie dough for baking and eating raw, is already being sold out of the frozen yogurt chain’s New York locations.

Leadership