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Executive Summary: Here are the latest executive moves in the restaurant industry.

The fast-food giant said that it will close its larger-format shops in Texas but will continue with plans to open two smaller-format units.

The move was brought about by activist investor Engaged Capital, which last year promised to take steps to "unlock the intrinsic value" of Portillo's business.

The industry added 29,800 jobs in December, according to new federal data released Friday, as hiring and wage growth normalized.