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Workforce

U.S. Senate kills the $15 minimum wage, for now

 By Peter Romeo on Feb. 05, 2021

The upper chamber also cleared the way for package of a relief bill that includes $25 billion in restaurant aid.

Financing

Restaurants shed jobs again in January

 By Jonathan Maze on Feb. 05, 2021

The industry shed 19,400 jobs during the month even as sales improved, though the rate of employment decline is shrinking.

Financing

Roark Capital is raising another $5B

By Jonathan Maze on Feb. 05, 2021

The private-equity firm, one of the most aggressive investors in the restaurant space, has established a big, new fund.

Financing

Luckin Coffee declares bankruptcy in the U.S.

By Jonathan Maze on Feb. 05, 2021

The Chinese coffee chain, which faked much of its customer traffic, filed for Chapter 15 debt protection in New York.

Workforce

A third of hospitality workers don't intend to get COVID vaccinations

By Peter Romeo on Feb. 05, 2021

Skepticism about the effects will likely frustrate efforts for widespread inoculations within the industry.

Financing

Franchisees are behind some iconic menu items

By Jonathan Maze on Feb. 05, 2021

In franchised brands, operators have created some of the industry’s most well-known products and promotions, from the bacon cheeseburger to fast-food breakfast.

Workforce

Restaurants embrace paid time off as the way to get employees vaccinated

By Peter Romeo on Feb. 04, 2021

The list of operators opting for that course is growing quickly.

Emerging Brands

Fast-casual brand Dig tries to dig out of a pandemic-fueled pit

By Heather Lalley on Feb. 04, 2021

The Danny Meyer-backed farm-to-table chain has temporarily closed more than half its stores, laid off 40% of its workforce and has hired a bank to help raise funds.

Leadership

Pizza Inn’s owner is tangled in a legal battle with its former CEO

By Heather Lalley on Feb. 04, 2021

Former Rave Restaurant Group CEO Scott Crane is suing the operator for breach of contract and more, saying he was promised hundreds of thousands of shares of stock he never received.

Operations

A massive chicken wing shortage is brewing

By Heather Lalley on Feb. 04, 2021

Fueled by a pandemic-driven uptick in wing consumption, wing reserves are at their lowest in a decade and prices are steadily climbing.

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