“Employee retention is difficult due to the competitive nature of the business. As a result, we have established a pattern of upward advancement to encourage staff to move up in the company—from prep cook to exec chef.” —Lavo NY
The restaurant industry has long watched category-leading brands, like Chipotle, Panera and Starbucks. Now all eyes are on the fast-casual Mediterranean chain as it defines the next cultural cuisine niche.
After a brutal few years, sales are showing early signs of improvement. The election is over. Interest rates are coming down. Banks may start lending again. That could signal a needed turnaround. And maybe this time it will hold.