Peter Romeo

Restaurant Rewind: The chain’s history is largely the story of founder and owner Peter Cancro doing what he believed was right for the brand, convention be damned. Now a majority stake will be held by a private-equity firm, a breed hardly known for being hands-off. Will Jersey Mike’s prove an exception?

The announcement did not reveal how many units of the family-dining brand are still in operation, or how many members of its management team participated in the deal.

The certification process took 14 days, a reflection of how close the voting was. But for the first time ever, Californians have voted against raising the minimum wage.

A survey by Restaurant Business found 89% of operators expect wages to keep climbing over the next 12 months. Most of the respondents have passed along the spike by raising menu prices.

Working Lunch: The scion of the famous political family is an adamant critic of America's current food production methods. His opposition to factory farming could bring a disruption of supplies.

A federal judge agreed with the industry's argument that salary levels shouldn't be the only determinant of who's entitled to time-and-a-half pay. The decision is expected to spare employers millions in additional labor expenses.