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News

Financing

The IPO market is apparently warming up again

 By Jonathan Maze on Feb. 06, 2023

The Bottom Line: Cava Group is planning an initial public offering and other restaurant companies could follow suit, so long as the market doesn't run off the rails again.

Operations

London-born Wagamama takes another swing at U.S. growth

 By Lisa Jennings on Feb. 06, 2023

The pan-Asian concept opens a seventh unit this week in Tampa, with two more to come.

Workforce

The Fast Act is already rippling beyond fast food

By Peter Romeo on Feb. 03, 2023

Working Lunch: Proposals in Massachusetts and Virginia are proof the wage-setting model called for by California's first-of-its-kind law is spreading geographically and across job types.

Workforce

5 ways to meet the needs of modern employees

By Kelsey Squire on Feb. 03, 2023

How operators can address the shifting workforce was a top topic at the North American Association of Food Equipment Manufacturers’ 2023 conference.

Emerging Brands

Untamed Brands looks to expand growing portfolio with a coffee player

By Lisa Jennings on Feb. 03, 2023

The multi-brand platform created by a former Chipotle Mexican Grill exec is preparing to add a new category to the family.

Financing

Starbucks still has faith in its China business

By Jonathan Maze on Feb. 03, 2023

Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain's second-biggest market. But Starbucks still has big plans for the country.

Operations

Focus Brands tops $3.9B in systemwide sales

By Lisa Jennings on Feb. 03, 2023

Fiscal 2022 was a good year for the multi-brand franchisor, which highlighted the "power of the portfolio" and plans to double down on co-branding.

Technology

A California pizza parlor got a high-tech makeover, and business is booming

By Joe Guszkowski on Feb. 03, 2023

Owner Andrew Simmons turned his aging restaurant into a laboratory. The results: Lower prices, fewer workers and a line out the door.

Workforce

Restaurant hiring accelerates sharply in January

By Peter Romeo on Feb. 03, 2023

Restaurants and hotels led all economic segments in job creation during January, yet still came up about half a million jobs short of where their payrolls were pre-pandemic, according to new federal statistics.

Financing

Subway says its sales grew again last year

By Jonathan Maze on Feb. 02, 2023

Average unit volumes are higher than they’ve been in a decade and the sandwich chain says the number of closures has slowed, too. And more changes are coming.

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