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McDonald’s is moving its innovation center to corporate headquarters

 By Jonathan Maze on Sep. 14, 2022

The burger giant is creating “Speedee Labs,” which will consolidate innovation work being done in Romeoville, Ill., and its corporate offices in downtown Chicago.

Financing

Starbucks reveals plans for $450M in store upgrades and faster U.S. growth

 By Jonathan Maze on Sep. 13, 2022

The coffee giant will add new equipment, training and employment benefits to improve efficiency and generate more sales. But it also plans to build another 2,000 domestic locations.

Workforce

Starbucks offers its non-union workers more benefits

By Jonathan Maze on Sep. 12, 2022

The coffee giant will provide savings assistance and student loan management tools. The benefits follow increased worker pay at non-union stores last month.

Financing

Burger King is investing $400M to revitalize its U.S. business

By Jonathan Maze on Sep. 09, 2022

The burger chain will spend the money over two years to boost marketing and invest in technology and remodels. It has the support of most of its franchisees.

Financing

How Burger King has fallen behind its competitors

By Jonathan Maze on Sep. 09, 2022

The Bottom Line: The burger chain, which is working on its revitalization, has not just lost ground to Wendy’s and McDonald’s but also Chick-fil-A and Taco Bell.

Leadership

Starbucks’ next CEO is ‘at peace’ with the transition plan

By Jonathan Maze on Sep. 07, 2022

Laxman Narasimhan, who will take over as chief executive next April, told CNBC that he has a unique opportunity to “apprentice” with Interim CEO Howard Schultz.

Marketing

Taco Bell sets the date for the Mexican Pizza’s second return

By Jonathan Maze on Sep. 07, 2022

The odd saga of one of the fast-food industry’s weirdest products is set for its conclusion with a musical starring Dolly Parton later this month.

Financing

How Smoothie King evolved to meet its customers’ health needs

By Jonathan Maze on Sep. 06, 2022

The Bottom Line: The smoothie chain changed its ingredients and its menu to focus on health and get back to its original brand vision. The move was not without its risks.

Financing

Here is who would be affected most by California’s fast-food wage bill

By Jonathan Maze on Sep. 01, 2022

The Bottom Line: At least 128 restaurant chains and 19,000 locations would be affected by the legislation. Companies like Jack in the Box and Del Taco may feel it the most.

Financing

Starbucks and the dangers of menu creep

By Jonathan Maze on Sep. 01, 2022

The Bottom Line: The chain is struggling under the burden of its customizable beverages and growing food orders. It is hardly the first to suffer from an overcomplicated menu.

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