Financing
Focus Brands CEO Jim Holthouser gets a tough introduction to restaurants
The former Hilton executive, who took the job two weeks before the pandemic hit, leans on his hotel experience, and sees parallels between the two industries.
Financing
Cinnabon, Auntie Anne’s parent company lays off workers
Focus Brands, which also owns Jamba, McAlister’s Deli and several other brands, is offering relief pay and deferring or waiving franchisees’ fees.
More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.