Why Raising Cane’s says it will never go public
Despite the recent flurry of restaurant activity on Wall Street, AJ Kumaran, co-CEO of the fast-growing chicken finger chain, said his fast casual plans to remain steadfastly private to keep its company culture intact.Restaurant Business Exclusive Content
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.
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.