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Operations

On decorum: Talking Restaurants with Nancy Kruse and Lisa Jennings

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

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

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.

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.

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

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

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.

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.

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

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

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