Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 214
Financing

Starbucks, Dunkin’ and McDonald’s have a common problem: Fewer commuters

The breakfast-heavy chains are adapting to changes in consumer patterns, which may be more permanent than you think, says RB’s The Bottom Line.

Leadership

Art D’Elia named Domino’s chief marketing officer

The marketing veteran will lead all global marketing initiatives for the pizza chain.

He will leave the company within the next six weeks. The company plans a search for his successor.

Yum Brands executives commit to the “asset-light” model as they push for a resolution involving the big operator, says RB’s The Bottom Line.

Yet parent company Yum Brands said its Mexican concept has improved significantly since April as customers flocked to its speedier drive-thrus.

The company has dwindling cash and is looking to close unprofitable locations and reduce its debt.

The company also announced that it is working with the Mayo Clinic to help with its coronavirus response.

The company is working with operators to close low-volume and low-profit restaurants, including 800 in the U.S.

Sortis Holdings acquired Sustainable Restaurant Group and plans to implement its pre-pandemic growth strategy.

The 30-year industry veteran had previously been vice president of operations.

The RB podcast “A Deeper Dive” features economist Joel Naroff discussing what is necessary for the economy to fully recover, and how that will affect restaurant sales.

The coffee giant said U.S. transactions declined 52% and same-store sales fell 40%, though performance improved throughout the period.

  • Page 214