Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 127
Marketing

Starbucks is expecting a big season for gift cards

The company expects $3 billion to be loaded onto its cards this season. Here’s why those cards have been one of its most revolutionary ideas.

Financing

McDonald’s is selling Dynamic Yield to Mastercard

The burger giant is selling the artificial intelligence ordering service to the financial services giant less than three years after its acquisition.

Garnett Station Partners recapitalized PJW Restaurant Group, the New Jersey-based operator of the pub chain and other concepts.

The doughnut chain’s stock plunged 7% even after the company said earnings and profits would be better than expected.

The former Applebee’s executive will take over marketing for the North Carolina-based buffet chain.

The investment firms largely ceded the market to strategic buyers last year. But some believe they could make their return as they grow more confident in projections.

The Bottom Line: The labor force participation rate remains stubbornly low. The continued pandemic is likely to keep it that way for a while.

But the sandwich giant sees big potential in sprucing up more of its restaurants as part of its revitalization strategy.

The burger giant has agreed to pay $33.5 million to buy 13 restaurants from Herb Washington, who had accused the company of giving favorable treatment to White operators.

He has returned $105 million in cash and equity awards and apologized to the company for “failing to uphold McDonald’s values.”

The chicken chain announced a deal with the French restaurant group Napaqaro to open hundreds of restaurants in the country.

The $1 billion deal gives the owner of Burger King, Tim Hortons and Popeyes its fourth brand. RBI is using a combination of cash and new debt to fund the purchase.

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