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News

Financing

Parent of KFC and Pizza Hut says it's packed and ready to leave Russia

 By Peter Romeo on Jul. 05, 2022

Yum Brands says a deal to transfer its KFC assets to a local operator is almost done.

Operations

California restaurants may have to pitch in on packaging cleanup costs

 By Peter Romeo on Jul. 05, 2022

Landmark legislation enacted last week puts a tax on manufacturers, with an expectation that they will pass along the charge.

Financing

Panera Brands and Danny Meyer’s SPAC call their deal off

By Jonathan Maze on Jul. 01, 2022

The operator of Panera Bread, which had planned to go public with an investment in USHG Acquisition Corp., cited “deteriorating capital market conditions” in ending their agreement.

Leadership

Nextbite names ex-Red Robin CEO Denny Marie Post co-president

By Joe Guszkowski on Jun. 30, 2022

Post, who has been advising the company since September, will now oversee marketing, operations and culinary innovation.

Financing

Rent is less unreachable for restaurants in June, survey finds

By Peter Romeo on Jun. 30, 2022

The percentage of places that couldn't meet their lease obligations declined, even with landlords aggressively hiking charges.

Financing

Maple & Ash investors take the steakhouse’s founders to court

By Heather Lalley on Jun. 30, 2022

It’s the latest twist in the ongoing legal feud involving one of the country’s top-grossing independent restaurants.

Operations

US Foods opens eco-friendlier distribution center

By Reyna Estrada on Jun. 30, 2022

The 355,000-square-foot facility has a variety of sustainability features, from its construction and design to the operations of its fleet.

Marketing

McDonald’s courts younger consumers with a summer camp

By Jonathan Maze on Jun. 30, 2022

The burger giant will give app users access to discounts, merchandise, “menu hacks” and even musical performances.

Technology

Webinar: Take a closer look at swipe fees

By National Restaurant Association on Jun. 30, 2022

Join us July 7 for a webinar on the operational ins and outs of the electronic payment ecosystem.

Marketing

The newest marketing trick: Pricing from the wayback machine

By Heather Lalley on Jun. 30, 2022

Marketing Bites: Chains go back to the future on menu prices despite inflation, Dave & Buster’s celebrates the indoors and more marketing news of the week.

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