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Financing

Fat Brands lenders want Andy Wiederhorn suspended

A group of the fast-food operator’s bondholders want the company’s CEO suspended after a stock sale involving Twin Peaks. They also questioned the executive’s control over the company.

Financing

Inside the Starbucks turnaround

The coffee shop giant has spent the past 18 months returning to its roots as a coffee shop where customers want to stay. Now the company plans to go on offense.

Tennessee-based Bluemont Group was throwing away millions of dollars' worth of unsold doughnuts a year. Enter Do’Cast, an AI camera system that is helping it match supply with demand.

The fast-food Mexican chain reported 7% same-store sales growth last year. The key metric has declined just one quarter over the past decade.

Parent company Yum Brands is still conducting a strategic review of its struggling fast-food pizza chain but plans investments in marketing early this year as part of an agreement with franchisees.

The fast-food giant also supports 1 million jobs, including 740,000 people who work in the chain's restaurants, according to a study the company commissioned by Oxford Economics.

Parent company Restaurant Brands International has sold an 83% stake in Burger King China to CPE for $350 million, more than double what the fast-food operator paid for the business last year.

MTF Enterprises, which operates locations in Pennsylvania, New Hampshire, Maine and Virginia, declared Chapter 11 bankruptcy after a merchant cash advance lender put a lien on its sales revenue.

The owner of Twin Peaks and Round Table Pizza won’t fight a delisting notice over its recent Chapter 11 bankruptcy filing. And yet its stock rose 20%.

The coffee shop giant said its domestic same-store sales rose 4% in the period, its best performance in two years, as the holiday product launch and its new service model drove higher transactions.

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