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Leadership

Andrea Zahumensky, KFC’s U.S. marketing chief, has left the company

The executive helped guide the chicken chain through some of its most notable promotions.

Financing

Steak n Shake sues its insurance company

The burger chain has sued Zurich America Insurance Company for denying coverage related to its pandemic.

Financing

Luckin Coffee gets new investors, even as its auditor resigns

By Jonathan Maze on Apr. 15, 2021

The Chinese coffee chain, still working its way through an accounting scandal and a debt restructuring, received a $250 million infusion.

Workforce

McDonald’s to start requiring anti-harassment training at all its restaurants

By Jonathan Maze on Apr. 14, 2021

The company will require its 39,000 locations to follow a new set of brand standards for a “respectful and inclusive workplace.”

Financing

Duck Donuts is sold to private equity firm NewSpring Capital

By Jonathan Maze on Apr. 13, 2021

Betsy Hamm was named the fast-growing chain’s CEO as company founder Russ DiGilio

Financing

Inside Taco Bell’s new tech-infused restaurant on Times Square

By Jonathan Maze on Apr. 13, 2021

The Mexican fast-food chain is opening a location that combines its “Go Mobile” concept with its urban Cantina design as it continues its push for more New York restaurants.

Financing

Would Burger King’s owner buy Subway? Don’t count on it

By Jonathan Maze on Apr. 13, 2021

Rumors persist of a potential sale involving the sandwich giant, but the brand may not be in a position to do so, says RB’s The Bottom Line.

Financing

Restaurant companies move out of their retail homes

By Jonathan Maze on Apr. 09, 2021

Chains like McDonald’s and Subway are leaving Walmart locations while others, such as Dunkin’, opt to leave convenience stores as chains focus on drive-thru units, says RB’s The Bottom Line.

Financing

McDonald’s CEO Chris Kempczinski was paid a lot less than his predecessor

By Jonathan Maze on Apr. 08, 2021

He received $10.8 million in salary and stock options last year, or $7 million less than Steve Easterbrook received in his final year at the chain.

Financing

McDonald’s will seek damages from Tyson over price fixing

By Jonathan Maze on Apr. 07, 2021

The company is also preparing to take action against pork and beef producers amid a mushrooming dispute over protein prices.

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