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Technology

Tech roundup: Reef acquires iKcon, expanding global growth push

 By Joe Guszkowski on Nov. 08, 2021

The deal gives the ghost kitchen operator a foothold in the Middle East. Also, DoorDash launches nationwide shipping, Miso Robotics upgrades Flippy and Bite Ninja raises $4 million.

Emerging Brands

Starbird Chicken gets a $12M investment to fuel its growth

 By Heather Lalley on Nov. 08, 2021

The tech-enabled fast casual, which has nine locations, nabbed a $4 million cash infusion less than a year ago from industry veteran Greg Dollarhyde.

Financing

US Foods raised prices 11.5% in Q3, but says worst may be over

By Peter Romeo on Nov. 08, 2021

It also told investors that it's largely resolved the labor problems squeezing the supply chain.

Financing

KFC is making sweaters for its buckets

By Jonathan Maze on Nov. 08, 2021

The company is giving away “Finger Lickin’ Chicken Mitten Bucket Huggers” to customers who buy buckets of chicken Tuesday through Thursday.

Leadership

Cracker Barrel names Craig Pommells as CFO

By Joe Guszkowski on Nov. 08, 2021

Pommells was formerly CFO of Red Lobster and also spent more than a decade at Darden. He is the permanent replacement for retired CFO Jill Golder.

Financing

After an objection, Casa Bonita goes to ‘South Park’s’ creators

By Heather Lalley on Nov. 08, 2021

A bankruptcy judge signed off on Trey Parker and Matt Stone’s plans to buy the legendary roadside attraction and Mexican restaurant for $3.1 million.

Leadership

McDonald’s CEO Chris Kempczinski apologizes for his text to Chicago's mayor

By Jonathan Maze on Nov. 06, 2021

“Those comments were wrong,” he said in a video to the system amid a furor over the message, which appeared to blame parents for shooting deaths of two kids. He said he hoped to speak with the victims' parents.

Financing

Sardar Biglari, after five proxy vote losses, is still pushing changes at Cracker Barrel

By Jonathan Maze on Nov. 05, 2021

The Bottom Line: The investor, who has been rebuffed repeatedly in his efforts to join the company’s board, is now tackling executive bonuses and wants more dividends.

Leadership

Torchy’s Tacos CEO GJ Hart is retiring

By Heather Lalley on Nov. 05, 2021

Hart, whose leave is effective immediately, will stay on as a consultant to the fast-casual taco chain. Founder Mike Rypka becomes interim CEO.

Marketing

How the viral song ‘Fancy Like’ rocked Applebee’s summer

By Joe Guszkowski on Nov. 05, 2021

The Walker Hayes hit about eating Bourbon Street Steak and Oreo Shakes generated lots of attention for the chain, as well as some of its most popular advertising ever.

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