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Financing

McDonald’s chairman gets re-elected despite shareholder opposition

 By Jonathan Maze on May 20, 2021

Enrique Hernandez and Richard Lenny, targeted for ouster by some investment groups, were reelected over complaints about the company’s handling of former CEO Steve Easterbrook’s firing.

Financing

Fast-food chains expect a gradual return of dine-in business

 By Jonathan Maze on May 20, 2021

McDonald’s expects to open more this summer while Wendy’s has most of its dining rooms open. But customers are slow to eat inside, at least for now.

Leadership

Fat Brands names Ken Kuick CFO

By Jonathan Maze on May 19, 2021

The owner of Fatburger and Johnny Rockets also named Allen Sussman general counsel and Rob Rosen EVP capital markets.

Financing

Delight Restaurant Group buys 44 Wendy’s locations from the company

By Jonathan Maze on May 18, 2021

The operator has also agreed to build new restaurants and remodel several others. It’s the franchisee’s second acquisition this year.

Leadership

Jack in the Box names Tony Darden COO

By Jonathan Maze on May 18, 2021

The former Mooyah president will lead operations at the San Diego-based burger chain.

Leadership

Shipley Do-Nuts names Clifton Rutledge CEO

By Jonathan Maze on May 17, 2021

The former Bojangles and Jack’s executive takes over the chain that was sold earlier this year. Hank Simpson was named chief operating officer.

Marketing

Chick-fil-A is planning a virtual concept that could sell wings and burgers

By Jonathan Maze on May 13, 2021

The chain revealed a virtual brand, “Little Blue Menu,” set to start in Atlanta and Nashville, but it has also trademarked names for a wing and a burger concept as well as an online grocer.

Financing

Jack in the Box targets more unit growth, even as franchisees close locations

By Jonathan Maze on May 13, 2021

The company has a new franchise sales effort and is opening in REEF Kitchens, but it allowed operators to close underperforming locations last quarter.

Financing

Breakfast did well for Wendy’s, but so did the rest of the day

By Jonathan Maze on May 12, 2021

The chain’s sales “significantly exceeded” expectations in the first quarter as morning sales did well, but customers came in the rest of the day, too.

Financing

McDonald’s expects to pay $15 an hour at company restaurants by 2024

By Jonathan Maze on May 12, 2021

The Chicago-based burger giant is giving workers a 10% raise and is boosting its starting wage to $11 to $17 an hour amid an unprecedented shortage of labor.

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