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Financing

Bloomin' Brands to close 41 restaurants and open up to 45 more

 By Joe Guszkowski on Feb. 23, 2024

The owner of Outback Steakhouse is pruning older, struggling stores in favor of new ones that generate better returns.

Financing

Starbucks' latest union battle is over its board

 By Jonathan Maze on Feb. 23, 2024

Labor activists argue that the company’s union stance has been bad for its brand and warrants new board members. The coffee shop chain is pushing back hard.

Workforce

Pay hike for couriers shakes up food delivery in NYC

By Joe Guszkowski on Feb. 23, 2024

Customers are paying more, and couriers are working less. What it all means for restaurants is still unclear, but some fear it could get ugly.

Operations

L.A. County sues Grubhub for passing along refund charges to restaurants

By Peter Romeo on Feb. 23, 2024

The delivery service says it's already changed the policy, but the county has a long list of other alleged abuses it wants the company to correct.

Financing

Why Wingstop isn't afraid of Popeyes' chicken wings

By Jonathan Maze on Feb. 23, 2024

The Bottom Line: The fast-casual wing chain says its sales improve when another brand pushes the product. Here’s why that might be.

Leadership

Mountain Mike's gets a new CEO, Bloomin' Brands CFO retires and more executive updates

By Restaurant Business Staff on Feb. 23, 2024

Executive Summary: Jim Metevier was elevated to chief executive of the pizza chain and Christopher Meyer is retiring from the Outback Steakhouse parent after two decades.

Workforce

Adoption of a new joint-employer definition is delayed

By Peter Romeo on Feb. 23, 2024

A federal judge has pushed back the day the controversial rule change takes effect by two weeks. He also indicated that he intends to rule soon on whether the new standard should be scrapped.

Food

IHOP hits the accelerator on menu innovation with chef Arthur Carl at the helm

By Patricia Cobe on Feb. 22, 2024

As VP of culinary at the chain, Carl is filling menu gaps by balancing creativity with value.

Financing

Jack in the Box puts its faith in the Smashed Jack

By Jonathan Maze on Feb. 22, 2024

The brand’s sales have been slow so far this year due to weather and low-income consumers. But executives believe a better value offering and a new burger will change things.

Financing

Financial roundup: Olo, US Foods, Ark Restaurants, newcomer Pinstripes, Chuy's

By Peter Romeo on Feb. 22, 2024

This earnings season brought the addition of newly public food-and-games concept Pinstripes. Here in brief are how it and several other public companies fared during the latter part of 2023.

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