Corporate Operations: Page 10
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Major CKE franchisee goes bankrupt, shutters 39 stores
Summit Restaurant Holdings, which operates around 106 Hardee’s locations, filed for Chapter 11 bankruptcy protection Thursday.
By Aneurin Canham-Clyne • May 5, 2023 -
Wienerschnitzel tests new markets with ghost kitchens
Three new ghost kitchens will help gauge brand reception in markets like Georgia, which is over 500 miles from the nearest Wienerschnitzel store.
By Aneurin Canham-Clyne • May 4, 2023 -
Trendline
Menu development
Restaurants big and small are experimenting with their menus to align with the preferences of on-the-go diners and mitigate the impact of rising food costs, supply chain disruption and shrinking consumer discretionary funds.
By Restaurant Dive staff -
Inside Chipotle’s record-breaking Twitter promotion
A National Burrito Day giveaway earned the brand its second-highest digital sales day of all time and its highest one-day volume on social media.
By Jessica Deyo • May 4, 2023 -
Brinker to phase out Maggiano’s Italian Classics virtual brand
The brand lasted fewer than two years at the restaurant company, which is looking to to free up labor and time to focus on in-restaurant operations.
By Aneurin Canham-Clyne • May 4, 2023 -
Papa Johns taps fast casual veteran as CMO
Mark Shambura joins the brand after a stint at the fast-growing chain Mod Pizza and was praised for his digital- and analytics-led approach.
By Chris Kelly • May 3, 2023 -
400 Burger Kings may close in US this year
With traffic still down, Restaurant Brands International expects “more noise” as it moves to concentrate ownership of units among high-level franchisees.
By Aneurin Canham-Clyne • May 2, 2023 -
Subway adds 6 sandwiches to latest menu
The sandwich giant’s revamped menu has helped improve its brand positioning over the last year as it pursues a sale at a $10 billion valuation.
By Aneurin Canham-Clyne • May 1, 2023 -
Fat Brands names co-CEOs after Wiederhorn family members fill half of board seats
Ken Kuick and Rob Rosen, Fat’s current CFO and EVP of capital markets, will take the reins of the company effective May 5, replacing Andy Wiederhorn.
By Aneurin Canham-Clyne • May 1, 2023 -
Ben & Jerry’s recognizes scoopers’ union following card check
The ice cream chain may be the first national brand to sign a set of principles that have formed a core demand in other campaigns, including Starbucks Workers United.
By Aneurin Canham-Clyne • Updated June 1, 2023 -
7-Eleven VP departs for Wingstop
Raj Kapoor will oversee the chicken chain’s growth and development strategy for international markets.
By Brett Dworski • April 27, 2023 -
Inspire Brands hires new HR chief
Natalie Rothman, Inspire’s incoming chief people officer, has led the HR efforts of large employers including Advance Autoparts and PepsiCo global foodservice.
By Aneurin Canham-Clyne • April 27, 2023 -
McDonald’s price hikes are boosting sales, but some diners are pulling back
The chain wants to drive value for customers with menu tweaks and personalized offers, but CEO Chris Kempczinski said the latter effort requires “sophistication.”
By Emma Liem Beckett • April 25, 2023 -
California Pizza Kitchen turns to refranchising to drive growth
The chain, which launched domestic franchising in 2021, plans to sell corporate-owned units in select U.S. markets to multi-unit operators.
By Aneurin Canham-Clyne • April 24, 2023 -
Inspire appoints brand presidents across 3 restaurant chains
The company has promoted existing employees to leadership roles at Sonic, Arby’s and Buffalo Wild Wings.
By Julie Littman • April 13, 2023 -
Fiesta Restaurant Group makes interim CEO permanent
Since becoming interim CEO in December, Dirk Montgomery has been working on various initiatives to improve company transactions and margins.
By Julie Littman • April 13, 2023 -
Starbucks appoints litigator to general counsel
Brad Lerman brings over 30 years of legal and regulatory experience in the public and private sectors to his position at the coffee giant.
By Julie Littman • April 13, 2023 -
Meridian closes 23 Burger Kings in bankruptcy
Burger King’s U.S. franchisees have closed at least 49 units this year as the brand’s turnaround efforts are restrained by macro-economic problems.
By Aneurin Canham-Clyne • April 12, 2023 -
Playa Bowls poaches Smoothie King COO for CEO
Dan Harmon brings decades of franchising and operational experience from his tenure at chains including McDonald’s, Papa Murphy’s and Potbelly.
By Emma Liem Beckett • April 11, 2023 -
Chipotle tests an environmentally ‘responsible’ store design
Chipotle’s new store design will feature all-electric equipment and be powered by renewable energy, the chain says.
By Aneurin Canham-Clyne • April 11, 2023 -
Wienerschnitzel targets 500 units after years of flat growth
By offering sizable incentives and highlighting a simple menu and operations, Wienerschnitzel hopes to resume franchise expansion.
By Aneurin Canham-Clyne • April 10, 2023 -
Fat Brands stacks board with Wiederhorns
The restaurant company has fired all but one of its directors and replaced them with a slate of new candidates, including three of Andrew Wiederhorn's kids.
By Aneurin Canham-Clyne • April 7, 2023 -
McDonald’s to close US field offices, consolidate support teams
The Golden Arches will shift its national support field teams to remote work, enabling it to close regional offices in eight states, per Restaurant Business.
By Aneurin Canham-Clyne • Updated April 7, 2023 -
Sweetgreen renames burrito bowl following Chipotle suit
Marketing and social media interactions for Sweetgreen’s new Chipotle Chicken Burrito Bowl are at the heart of the lawsuit against the salad chain.
By Aneurin Canham-Clyne • Updated April 6, 2023 -
Port of Subs acquired by private equity firm
Area 15 Ventures looks to grow franchise sales in its portfolio, which includes Daddy’s Chicken Shack alongside Port of Subs, by 140% in 18 months.
By Aneurin Canham-Clyne • April 4, 2023 -
Burger King franchisee bankruptcies may signal more QSR trouble
The bankruptcy of two major Burger King operators laid bare the problems facing franchisees. But at Burger King, the worst may be over.
By Aneurin Canham-Clyne • March 31, 2023