Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 27
Operations

Labor groups nominate 3 to the Starbucks board

The Strategic Organizing Center, a coalition of labor groups, is targeting the coffee giant’s board, arguing that the company’s fight against unions hurts the brand.

Financing

The FTC is apparently investigating the Subway sale

The federal agency has opened an investigation into the $9.6 billion sale of the sandwich giant to Roark Capital, according to Politico.

The Bottom Line: Large retailers are concerned about a softening consumer and already see evidence that is happening. But restaurant executives seem far more optimistic.

A Deeper Dive: Paul Mangiamele, the owner of Legendary Restaurant Brands, explains his decision to bring the casual dining chain back so long after it filed Chapter 7 bankruptcy.

The Bottom Line: Major pizza chains, notably Domino’s, have lost some valuable customers to companies like DoorDash.

After two slow years, activity is beginning to pick up. But there is a “flight to quality” as buyers, and bankers, look for sustainable performance.

The burger giant will own 48% of McDonald’s China after agreeing to acquire a stake owned by Carlyle.

The Bottom Line: Two-thirds of franchisees told TD Bank that they are optimistic about the future of the restaurant industry and more than half expect higher traffic next year.

Limited-service prices continue to rise faster than inflation and are up 30% since 2019. That has more customers thinking their fast-food visit isn’t worth it.

The Bottom Line: Remodel requirements can be vital for brands to generate sales. But they can create financial problems for franchisees when not done right.

The Bottom Line: Attendees and speakers painted an anxious picture of the operating environment at the Restaurant Finance and Development Conference. Here’s why that might be here for a while.

Starboard Group, the Wendy’s franchisee that sought debt protection this week, said a number of factors converged that led to the filing, including a failed Brazilian joint venture.

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