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Financing

Starbucks gets a key endorsement in its board fight with unions

Two key proxy advisory firms have endorsed the coffee chain giant's board nominees over those nominated by a union-backed group.

Financing

Subway pushes its franchisees to remodel their restaurants

CEO John Chidsey told operators this week that they should remodel their locations or get out of the system. And he recruited help from franchisees who have upgraded their restaurants.

The fast-food burger chain walked back statements that it would test “dynamic pricing,” saying that digital menu boards would enable discounts during low-traffic parts of the day.

Marketing Bites: After its now-walked back comments about dynamic pricing, the burger chain is catching the flame-grilled indignation of some restaurant competitors.

A Deeper Dive: Robert Byrne, director of consumer and industry insights with Technomic, joins the Restaurant Business podcast to talk about fast-food value.

The 600-unit taco chain began testing the technology from Presto in 2022 and said last year that it was exceeding expectations.

The drive-thru coffee chain opened more shops in its history last year as sales accelerated. And it is also opening shops in Florida.

The brand’s sales have been slow so far this year due to weather and low-income consumers. But executives believe a better value offering and a new burger will change things.

The Bottom Line: But where that action should take place is the question. Many operators believe the brand should be a testing ground for McDonald's own beverage program.

The agency has sent a “Wells Notice” to the chairman of Fat Brands, along with one current and one former employee. It signals a likely upcoming civil action.

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