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McDonald’s McPlant is apparently not selling as well as expected

 By Jonathan Maze on Mar. 23, 2022

An analyst with BTIG suggested the Beyond Meat plant-based burger isn’t meeting expectations, but it is selling particularly poorly in rural areas.

Financing

Charleys Philly Steaks is finding a new life outside the mall

 By Jonathan Maze on Mar. 23, 2022

The cheesesteak chain has added chicken wings and technology to its concept and is suddenly thriving in traditional locations.

Financing

McDonald’s inks a long-term delivery deal with JET

By Jonathan Maze on Mar. 22, 2022

It’s the latest in a series of renegotiated contracts with major global delivery companies as the burger chain works to solidify the service.

Financing

Fat Brands expects a slower pace of deals this year

By Jonathan Maze on Mar. 22, 2022

The owner of Fatburger and Johnny Rockets, which made nearly $1 billion worth of deals last year, plans to focus more on digesting its acquisitions.

Marketing

Taco Bell is kicking off its 60th anniversary with a veggie combo and new streetwear

By Jonathan Maze on Mar. 21, 2022

The fast-food Mexican chain is working with Los Angeles-based streetwear creator Born X Raised for team member gear and is introducing a new vegetarian combo.

Financing

Carl Icahn commences his weird and rare proxy fight with McDonald’s

By Jonathan Maze on Mar. 21, 2022

The Bottom Line: Activist investors have long wanted changes at the burger giant but its first real board battle in modern history will be fought over pigs.

Financing

Andy Wiederhorn says his past has made him a federal target

By Jonathan Maze on Mar. 21, 2022

The CEO of Johnny Rockets owner Fat Brands again denied recently published allegations of inappropriate spending and suggested his past may have led to the federal investigation.

Marketing

McDonald’s is bringing back its Szechuan Sauce again

By Jonathan Maze on Mar. 20, 2022

The sauce, which became a cult classic thanks to a 2017 episode of the cartoon Rick & Morty, is making a return on the company’s mobile app on March 31.

Financing

Starbucks’ next CEO will face opportunities, and plenty of challenges

By Jonathan Maze on Mar. 17, 2022

The Bottom Line: Kevin Johnson is leaving the Seattle-based coffee giant in a better place. But growing union efforts, supply chain issues and Howard Schultz’s return make it seem like a rescue.

Financing

Burger King is selling its interest in its Russia joint venture

By Jonathan Maze on Mar. 17, 2022

The company has thus far been unable to close its locations in the country. Meanwhile, copycat trademark applications there demonstrate the risk to U.S. brands.

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