Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 101
Operations

The National Restaurant Show confronts a changed industry

The annual exhibition of the industry’s latest equipment kicked off Saturday for the first time in three years. But the industry it serves is not the same as it was the last time the event was held.

Financing

Howard Schultz puts some money into Starbucks

The Bottom Line: The interim CEO, who did away with company buybacks, has been buying up shares of the company’s stock and now owns 21.8 million shares directly or indirectly.

A growing number of analysts and executives expect the economy to slow down or contract as the U.S. Federal Reserve raises rates. Here’s what it means for restaurants.

The bill could not muster enough votes to get past a filibuster despite bipartisan support, effectively killing the legislation.

The Bottom Line: Margins were fine last fall as sales recovered. But high food costs on top of high labor costs have done them in. And some concepts are already feeling the pain.

Alexander Govor will acquire the company’s entire portfolio, McDonald's said. He has been an operator with the chain in Siberia since 2015.

Stocks plunged once again amid economic worries after Target reported poor results. Restaurant stocks were hit particularly hard.

Kerri Christian will oversee marketing for the company’s specialty category; Tracey Young was named chief brand officer for Cinnabon; Jim Salerno was given the same title with Carvel, where Jessica Osborne will be VP of marketing.

The Bottom Line: Sales at restaurants and bars are now at a higher percentage of Americans’ food dollar than they’ve ever been. They can thank higher grocery prices for that.

A Deeper Dive: Christine LaFave Grace, from Winsight Grocery Business, joins the podcast to talk about inflation, its impact on the retail sector, and how it’s affecting consumers.

Executive changes have become increasingly commonplace coming out of the pandemic and the corner office is no exception. Changes include some of the nation’s biggest concepts.

The Bottom Line: The burger giant has flourished in international markets even as its U.S. growth slowed. But its $1.4 billion decision to pull out of the market demonstrates the risk of global expansion.

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