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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 341
Financing

New Top 500 chain ranking shows cracks in the status quo

Fast casuals come on strong, as do “QSR Plus” brands, Technomic finds.

BWW tests server handhelds, delays tests of customer ordering

The casual chain is also looking at a variety of remote-payment options.

Good Times buys Bad Daddy’s

After two years as a licensee and investor, Good Times is bringing the casual burger group in-house as a growth vehicle.

This week’s 10 head-spinning moments: They said what?

Major chains delivered some surprises in their meetings this week with Wall Street representatives. Here’s a roundup.

Popeyes CEO uses Facebook to defuse firing controversy

After the dismissal of a pregnant manager who was robbed at gunpoint flared on social media into an unflattering controversy for the chain, Cheryl Bachelder used the same medium in an attempt to right the alleged wrong.

Yum! trades $185M investment for control of KFC’s marketing

The funds will be used to buy new kitchen equipment and speed up unit rehabs.

Inside the head of McDonald’s new CEO

McDonald’s said this week that new CEO Steve Easterbrook will reveal a turnaround plan for the limping giant on May 4.

Sysco asks a federal court to green-light merger with US Foods

The distribution giant argues in part that the combined company would save $600 million, which would be passed along to foodservice customers in the form of lower prices and better support.

Chili’s plans new tech services for guests

Customers will be able to use their AmEx rewards points, earn premiums through a new loyalty program and manage their own wait times remotely.

McDonald’s to close additional 220 stores

Before announcing a new turnaround plan on May 4, the ailing giant will trim the system by 2 percent globally.

Chipotle outlines new marketing, tech, sourcing strategies

Coming off a double-digit sales gain that nonetheless disappointed Wall Street, the chain is eying a number of new initiatives, from the Apple Watch to stepped-up advertising.

Chipotle’s comps climb 10.4%

The increase, driven largely by pricing, undershot Wall Street’s expectations.

  • Page 341