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News

Financing

Why 2023 will be a year of weaker sales and higher margins

 By Jonathan Maze on Jan. 30, 2023

Fitch Ratings expects modest restaurant growth this year. But recent price increases and an improving inflationary environment should help with profits.

Food

Chickenhawk breaks out of the chicken sandwich rut with a 2.0 model

 By Patricia Cobe on Jan. 27, 2023

Popeyes success with its chicken sandwich started a deluge on menus, but this new fast casual is putting some different ideas between the buns.

Leadership

Freddy's Scott Redler named National Restaurant Association chairman for 2023

By Peter Romeo on Jan. 27, 2023

Jeff Lobdell, founder of Restaurant Partners Management, becomes vice chairman. Areas USA COO Richard Schneider was appointed treasurer.

Workforce

Raising Cane's rewards its 10 top GMs with a surprise Hawaii trip

By Peter Romeo on Jan. 27, 2023

All expenses incurred by the employees and their families will be picked up by the chain.

Operations

Inside Papa John’s new international prototype

By Jonathan Maze on Jan. 27, 2023

The pizza chain, eager to add locations outside the U.S., has rolled out a new prototype designed to be more flexible and tailored to specific needs.

Financing

McDonald’s steps out of the political shadows

By Jonathan Maze on Jan. 27, 2023

The Bottom Line: The burger giant traditionally lets others do all the talking on major political issues. But more recently it has made its voice heard on topics like California's business climate or crime in Chicago.

Operations

Former Jimmy John’s CEO launches new platform for growing fast-casual brands

By Lisa Jennings on Jan. 27, 2023

Gregg Majewski partnered with FG Financial Group Inc. to create the new Craveworthy LLC.

Financing

Companies face a tough lending market as their debt comes due

By Jonathan Maze on Jan. 26, 2023

The Bottom Line: Rising interest rates and a weak M&A market could prove troublesome for companies looking for an out from their debt troubles.

Food

Smashburger tests a new burger made with real plants

By Patricia Cobe on Jan. 26, 2023

The Plant-Based Classic Smash Burger is made with jackfruit, which can be substituted for another protein in any menu item.

Financing

Citing controversy over ServSafe, Hakeem Jeffries is said to reject National Restaurant Association contributions

By Peter Romeo on Jan. 26, 2023

A labor advocacy group said the House of Representatives' minority leader will give the campaign contributions he's received from the association to charity.

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