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Financing

Franchisee unrest grows as McDonald’s changes its rules

A group representing Black franchisees voted “no confidence” in CEO Chris Kempczinski. Other groups could take similar steps amid anger over new renewal standards. “An absolute declaration of war on owners," one operator said.

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Financing

Sweetgreen and Shake Shack still have an urban problem

The Bottom Line: Both companies appear to be getting traction in the suburbs. But they have a big foot in slow-to-recover urban areas.

Financing

Ruby Tuesday founder’s SPAC prepares to wind down

The Bottom Line: Fast Acquisition will redeem all its shares later this month after a previous deal with Tilman Fertitta fell through, but not before a shareholder files a lawsuit.

Marketing

At Ruby Slipper, it's weekend brunchtime every day

The 22-unit New Orleans-themed operation promises a midday party seven days a week. And it serves breakfast and lunch, too.