Restaurateur Sam Fox is getting into the hotel business
Fox will own, operate and manage The Global Ambassador Hotel, slated to open in the fall of 2023, in Phoenix.Restaurant Business Exclusive Content
Financing
For restaurants, 2022 has been a year to forget so far
The Bottom Line: High labor and commodity costs have eaten into margins and a bear stock market has wiped out valuations. And now the economy appears headed for a recession.
Workforce
Restaurants’ race for workers puts pressure on culinary schools
Rising wages are tempting some students to leave the classroom early, forcing schools to adapt.
Financing
Something is not working between McDonald’s and its franchisees
The Bottom Line: The burger giant is facing the latest in a string of disputes with its operators, despite the company’s strong sales and record store-level cash flow and valuations.