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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 85
Financing

The owner of Happy Joe’s Pizza & Ice Cream declares bankruptcy

The company, which also owns the Tony Sacco’s concept, blamed the impact of the pandemic as well as high labor and food costs.

Financing

Here’s a look at all the changes Starbucks has made since Howard Schultz came back

The Bottom Line: The coffee giant has changed top executives and its operating structure, increased pay and benefits, and promises major new equipment upgrades. Here’s a rundown.

Financing

McDonald’s is moving its innovation center to corporate headquarters

The burger giant is creating “Speedee Labs,” which will consolidate innovation work being done in Romeoville, Ill., and its corporate offices in downtown Chicago.

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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.

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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.

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Burger King tries a unique incentive to get franchisees to remodel

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.

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First Watch tries a secondary IPO

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.

Financing

Restaurant menu price inflation accelerated in August

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

Marketing

Starbucks expands its loyalty program to Web3

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

Workforce

Starbucks offers its non-union workers more benefits

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

Technology

Restaurant customer data platform Bikky raises $5M

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

Financing

Starbucks generates consistent sales growth, but it’s fixing things anyway

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

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