Corporate Operations: Page 2
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Retrieved from Seven & i Holdings.
7-Eleven plans 600 stores with new food-focused design by 2027
The retailer’s newest format features “a larger product assortment and expanded food and beverage offerings,” CEO Joseph DePinto told investors on Thursday.
By Brett Dworski • Oct. 28, 2024 -
TGI Fridays has closed 60 stores since September
The casual dining chain, which may be considering bankruptcy after a failed merger, has closed roughly 100 stores since January.
By Aneurin Canham-Clyne • Oct. 28, 2024 -
Explore the Trendline➔
sam edwards via Getty ImagesTrendlineMenu 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 -
Dickey’s franchisees sue company over inflated financial projections
Franchisees from Idaho and Ohio say that buildout costs were higher and sales lower than what the barbecue chain initially stated.
By Aneurin Canham-Clyne • Oct. 18, 2024 -
Darden wraps up Chuy’s acquisition
The Tex-Mex chain brings strong unit volumes — about $4.5 million — to Darden, but its same-store sales fell last quarter, like many casual dining brands.
By Aneurin Canham-Clyne • Oct. 14, 2024 -
McDonald’s tie-up with Krispy Kreme expands to Chicago
The Golden Arches’ home market starts serving Krispy Kreme doughnuts next week as part of a drive to add the treats to 1,000 of its restaurants this year.
By Aneurin Canham-Clyne • Oct. 11, 2024 -
7-Eleven shuttering 444 North American stores amid strategic pivot
The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off non-core segments.
By Brett Dworski • Oct. 10, 2024 -
Retrieved from Cumberland Farms website.
EG America reveals 3 new foodservice concepts
A Cumberland Farms store in Massachusetts is now home to the retailer’s first Alanza Pizza, Burger Baby and Wing Trip locations.
By Jessica Loder • Oct. 8, 2024 -
Perkins debuts fast casual unit
The smaller unit balances Perkins’ traditional fare with breakfast sandwiches and a lighter menu section.
By Aneurin Canham-Clyne • Oct. 7, 2024 -
Starbucks buys more innovation farms to create climate-proof coffee
Farmers in Costa Rica and Guatemala will test drones, hybrid crop varieties and more as the company aims to address some of the most pressing challenges facing the region.
By Sarah Zimmerman • Oct. 7, 2024 -
Rebel introduces Hatch Chicken QSR
The proprietary eatery features a variety of chicken and sides and is expected to expand to 20 additional stores next year.
By Jessica Loder • Oct. 2, 2024 -
Chick-fil-A to open 5 UK restaurants in 2 years
The chicken chain will spend $100 million in the next decade to make the U.K. its first major international market, starting with restaurants in London, Leeds, Liverpool and Belfast.
By Aneurin Canham-Clyne • Sept. 26, 2024 -
Restaurant CEO shakeups continue in September
The flood of executive changes in August swept into September, as brands dissolved offices, announced transition plans and replaced ousted chiefs.
By Aneurin Canham-Clyne • Sept. 20, 2024 -
BurgerFi secures funds to operate through bankruptcy
A court approved $3.5 million in funding from TREW Capital Management, giving the burger brand sufficient cash to operate without closing stores.
By Aneurin Canham-Clyne • Sept. 17, 2024 -
Mod Pizza will refranchise corporate stores
The pizza chain’s new owner, Elite Restaurant Group, is undertaking a comprehensive refranchising effort at the largely company-operated brand.
By Aneurin Canham-Clyne • Sept. 13, 2024 -
Starbucks CEO’s 4-part strategy hinges on coffeehouse roots
In a letter to workers and consumers, Brian Niccol laid out a multipart strategy for revitalizing the chain’s core business in the U.S.
By Aneurin Canham-Clyne • Sept. 10, 2024 -
Puttshack enters Minnesota with planned mini golf center
The eatertainment chain’s expansion could indicate vitality for the sector, which has seen layoffs and disappointing sales at some brands in recent weeks.
By Aneurin Canham-Clyne • Sept. 10, 2024 -
Deep Dive
Brian Niccol was hired to transform Starbucks. Is that possible?
Niccol must contend with the coffee chain’s growing brand identity and consumer perception problems, and balance its “third place” value proposition with efficient digital fulfillment.
By Aneurin Canham-Clyne • Sept. 9, 2024 -
Pinstripes warns of corporate layoffs as losses mount
This workforce reduction is part of the chain’s plan to save $4 million in corporate costs, and follows a series of venue-level cost cutting measures.
By Aneurin Canham-Clyne • Sept. 5, 2024 -
BJ’s Restaurants CEO, president Gregory Levin steps down
C. Bradford Richmond, current board director and former Darden CFO, will become interim CEO upon Levin’s departure.
By Julie Littman • Updated Aug. 28, 2024 -
Freddy’s Frozen Custard & Steakburgers launches training facility to support growth
The chain’s ambitious growth plans call for more franchisees and managers. Its training and innovation center will help develop brand leaders.
By Aneurin Canham-Clyne • Aug. 21, 2024 -
Chick-fil-A names new president
Susannah Frost will be responsible for providing strategic clarity and ensuring sustainable growth.
By Aneurin Canham-Clyne • Aug. 16, 2024 -
The restaurant industry’s Q2 winners and losers
The last few months have produced radically different outcomes at publicly traded restaurant brands, ranging from sinking sales at McDonald’s to Wingstop’s 28.6% comparable sales jump.
By Aneurin Canham-Clyne • Aug. 14, 2024 -
What Starbucks’ new CEO choice could mean for the company
Analysts predicted new products and advertising would be immediate points of emphasis for incoming CEO Brian Niccol, with major changes looming on the horizon.
By Aneurin Canham-Clyne • Aug. 14, 2024 -
One Table Restaurant Brands files for Chapter 11 bankruptcy protections
Fees on third-party orders and rising debt costs meant a partial recovery from 2020 was not enough to allow the parent company of Tender Greens and Tacaya to repay its creditors.
By Aneurin Canham-Clyne • July 18, 2024 -
Chipotle CFO Jack Hartung to retire after two decades at chain
Adam Rymer, the company’s current vice president of finance, will become CFO in January.
By Julie Littman • July 10, 2024