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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Starbucks reveals plans for $450M in store upgrades and faster U.S. growth

The coffee giant will add new equipment, training and employment benefits to improve efficiency and generate more sales. But it also plans to build another 2,000 domestic locations.

Financing

A look at the devastating impact of opioid addiction

A Deeper Dive: Rick Van Warner, former CEO of Tijuana Flats, talks about the horrors of opioid addiction and how it can affect a family.

The Bottom Line: Lost amid the burger chain’s $400 million investment is a shift in its incentive structure it believes could improve the frequency and quality of remodels.

Advent International, which owns three-quarters of the breakfast-and-lunch chain's stock, will sell at least 4.5 million shares in a secondary offering.

Prices at restaurants and schools continued rising last month while consumers’ total food costs hit yet another 40-year high.

The coffee giant will integrate non-fungible tokens, or NFTs, into Starbucks Rewards, which will give customers new ways to engage with the brand.

The coffee giant will provide savings assistance and student loan management tools. The benefits follow increased worker pay at non-union stores last month.

Equal Ventures, Gutter Capital and Version One Ventures led the round. The company offers technology that helps restaurants gather more customer data.

The Bottom Line: Interim CEO Howard Schultz says the company’s coffee shops are over-capacity. Sales numbers suggest he has a point.

The private equity firm will help the five-unit fast-casual chain grow throughout Southern California and beyond.

The Bottom Line: The burger chain, which is working on its revitalization, has not just lost ground to Wendy’s and McDonald’s but also Chick-fil-A and Taco Bell.

The burger chain will spend the money over two years to boost marketing and invest in technology and remodels. It has the support of most of its franchisees.

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