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Operations

On decorum: Talking Restaurants with Nancy Kruse and Lisa Jennings

 By Nancy Kruse and Lisa Jennings on Jun. 02, 2023

Is it time for American diners to put on proper clothes and start behaving a bit nicer in restaurants? Some operators are bringing back dress codes and more. But it may be too late to turn back from our sweatpants-wearing ways.

Financing

An Applebee's franchisee is buying Corner Bakery for $15M

 By Jonathan Maze on Jun. 02, 2023

SSCP Management, owner of Roy’s and a co-owner of Cici’s, won a bankruptcy auction for the fast-casual bakery/café chain.

Financing

Yum Brands CEO David Gibbs doesn't get his company's stock price decline

By Jonathan Maze on Jun. 02, 2023

The Bottom Line: The owner of Taco Bell, KFC, Pizza Hut and Habit has declined as much as 10% since reporting what Gibbs called a “blowout” first quarter. And the company argues that it could easily weather a downturn.

Operations

Time Out Market Miami to close after June 30

By Lisa Jennings on Jun. 02, 2023

It was the first of the Time Out food hall destinations to open in the U.S. four years ago, but the Lisbon-based company did not say why the venue will be closed.

Workforce

Restaurants and bars continue to out-hire every other business

By Peter Romeo on Jun. 02, 2023

New federal data show the sector added 33,000 jobs in May, or roughly 1 of every 10 positions created.

Workforce

Calif. Assembly OKs bill making fast-food franchisors liable for franchisees' labor practices

By Peter Romeo on Jun. 01, 2023

The landmark legislation codifies a re-definition of franchisors and franchisees as "joint employers." It now heads to the Senate.

Operations

IHOP shuts down its fast-casual spinoff, Flip'd

By Joe Guszkowski on Jun. 01, 2023

After about two years and four locations, the pancake chain said it would apply lessons from the grab-and-go concept to other parts of its business.

Financing

In a tough year for restaurants, CEO pay took a big hit

By Jonathan Maze on Jun. 01, 2023

The highest-paid executive last year wasn't even a CEO, and three of the 10 best-paid chief executives no longer work for their companies.

Operations

Berkeley makes a last-ditch try to outlaw gas kitchen equipment

By Peter Romeo on Jun. 01, 2023

The California city has petitioned a federal court to have more judges consider a ban that three justices have already ruled against.

Financing

Want a higher average check? Get diners to stay longer

By Rich Shank on May 31, 2023

Technomic's Take: Diners, even if they're alone, tend to spend more the longer they stay at a restaurant.

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