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Jonathan Maze

Executive Editor

Articles by
Jonathan Maze

Page 3
Financing

Restaurants are projected to have their worst year on record

Sales could fall 11% to 27% this year, according to Technomic, as the coronavirus shutdown hammers operators and ignites a recession.

Financing

How restaurant operators are coping with the coronavirus shutdown

Applebee’s and Panera Bread franchisee Ed Doherty joins this week’s RB podcast A Deeper Dive to discuss the impact of the shutdown on his business.

Financing

As the restaurant industry collapses, private equity stands to benefit

With valuations reset, investment firms not busy rescuing their existing companies could snap up restaurants at bargain prices, says RB’s The Bottom Line.

Financing

McDonald’s warns of the potential impact of the pandemic

The burger giant expects closures and sales declines to impact its financial results, though it can’t predict how much.

Financing

Yum Brands says 7,000 of its global restaurants are closed

The owner of KFC, Taco Bell and Pizza Hut says it is taking steps to shore up franchisees’ finances and has accessed its credit line.

Financing

Battered restaurant shares find some life as stocks soar

Investors poured money into the industry, whose valuations had taken a beating in recent weeks, says RB’s The Bottom Line.

Workforce

Papa John’s says it’s hiring 20,000 new workers

Pizza Hut said it is hiring 30,000 workers as the pizza chains both work to fill open positions and meet growing demand.

Financing

Starbucks is giving employees extra pay for the next month

Workers who continue to come to work at the chain’s open locations will get an extra $3 an hour in "service pay" through April 19.

Marketing

Coalition of restaurant chains urge more takeout

Panera, Noodles, Habit and others are asking Americans to order a takeout meal on Tuesday to support restaurant workers.

Financing

Vapiano says coronavirus might push it into bankruptcy

The fast-casual chain says it is insolvent and has appealed to the German government for assistance.

Operations

20 ideas for cutting costs inside your restaurant

As eateries look to survive the next couple of months with little sales, here are some ideas for trimming to the bone.

Financing

Starbucks is closing access to its cafes

The coffee chain is going to a drive-thru-only model for at least two weeks and will pay workers for the next 30 days whether they come to work or not.

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