Corporate Operations: Page 43
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Cheesecake Factory temporarily closes locations during racial justice protests
The closures contributed to a 63% drop in same-store sales for the fiscal second quarter ended May 31.
By Alicia Kelso • June 4, 2020 -
Luby's seeks sale of all assets to clear debt
The operator is open to being acquired in its entirety but would sell its holdings, including Luby's, Fuddruckers and a contract management company called Culinary Contract Services, separately if needed.
By Emma Liem Beckett • June 4, 2020 -
McDonald's names victims of police brutality, racist violence in new ad
The chain shows solidarity with Black Lives Matters in the clip and pledges to donate to the National Urban League and the NAACP.
By Dianna Christie • June 4, 2020 -
Panera franchisee to pay $4.6M in overtime lawsuit
The settlement, which received judicial approval last week, stems from a 2018 class action lawsuit filed by assistant managers against Covelli Enterprises, Panera's largest franchisee.
By Alicia Kelso • June 3, 2020 -
Starbucks reopens with reduced hours, provides extended unpaid leave to employees
The chain's COVID-19 Leave of Absence allows employees to take unpaid leave through Sept. 30 while also maintaining health insurance and other benefits.
By Julie Littman • June 3, 2020 -
In-N-Out sues insurer for business interruption coverage
The chain claims Zurich American Insurance wrongly denied coverage of its losses from the coronavirus and is in breach of contract.
By Alicia Kelso • June 2, 2020 -
Nearly two-thirds of public restaurants face bankruptcy risk
Aaron Allen & Associates analyzed risk scores for 46 companies and found that 65%, representing about 73,000 U.S. restaurant locations, fall in a "distress zone."
By Alicia Kelso • June 1, 2020 -
DoorDash immerses Snapchat users in AR restaurants
Users can place themselves in virtual interiors from Baskin Robbins, Buffalo Wild Wings, Cheesecake Factory, Chili's and Outback Steakhouse.
By Robert Williams • June 1, 2020 -
Popeyes refreshes brand identity, pilots store redesign
Restaurant Brands International is doubling down on the chain's growth over the past year and is expanding around the globe with a new look.
By Dianna Christie • June 1, 2020 -
EEOC asks court to enforce subpoenas against Bloomin' in pay discrimination investigation
The commission claims that the casual dining chain's "failure to comply" with subpoenas served in 2019 has "hampered the investigation" into sex-based discrimination allegations against an Outback Steakhouse.
By Alicia Kelso • Updated May 29, 2020 -
Column
Shift Change: Dine Brands begins CEO search, Panera hires brand officer
Wahlburgers and Naf Naf Grill also tapped new CEOs this week and Waitr promoted its director of financial planning to CFO and chief accounting officer.
By Julie Littman • May 29, 2020 -
Denny’s, IHOP franchisees close restaurants
Feast American Diners shuttered 15 Denny's in New York due to the impact of COVID-19, just weeks after an IHOP franchisee filed for bankruptcy and closed 49 units.
By Alicia Kelso • May 28, 2020 -
Need and eligibility keys to avoiding PPP loan liability risk
Document what goes into your decision to apply for a loan to protect yourself and your company if you're hit with an audit or lawsuit, an attorney says.
By Robert Freedman • May 27, 2020 -
Le Pain Quotidien's US arm files for bankruptcy, sold for $3M
The cafe chain, which already temporarily closed its 98 units and fired 2,000 employees due to COVID-19, said it would have faced liquidation if not for the sale to Aurify Brands.
By Julie Littman • May 27, 2020 -
TGI Fridays could permanently close 20% of US locations
To try to drive sales, the chain is testing party tents that let diners eat in restaurant parking lots in New Hampshire, with plans to roll out the pilot to Connecticut.
By Emma Liem Beckett • May 27, 2020 -
French insurer ordered to pay restaurant's coronavirus disruption claim
The ruling requires insurance company AXA to pay two months' worth a restaurant company's revenue losses due to the COVID-19 outbreak, results that could have implications for the U.S. market as well.
By Alicia Kelso • May 27, 2020 -
5 chains at risk of defaulting within a year
Dave & Buster's, Bloomin' Brands, The Cheesecake Factory, Denny's and Brinker International have the highest probability, according to S&P Global data, which could further complicate recovery plans.
By Julie Littman , Emma Liem Beckett • May 26, 2020 -
Q&A
PepsiCo Foodservice CMO on linking restaurant relief to culture amid a pandemic
Scott Finlow spoke to Marketing Dive about how the food and beverage giant's purposeful efforts have tapped into what's popular now, including John Krasinski's "Some Good News."
By Peter Adams • May 26, 2020 -
Starbucks could close up to 400 stores in next 18 months
The closures are part of Starbucks' repositioning plan, in which the chain will develop more pickup-only locations and move units out of low-traffic malls and into sites where there could be a drive-thru.
By Alicia Kelso • Updated June 10, 2020 -
McDonald’s warns franchisees of potential retrenchment from coronavirus crisis
McDonald’s U.S. President Joe Erlinger told operators on a call last week that they may have to consider selling locations or downsizing, Bloomberg reports.
By Alicia Kelso • May 21, 2020 -
Illinois judge denies McDonald's motion to dismiss workers' coronavirus lawsuit
Two workers testified on Thursday at a preliminary injunction hearing that the fast food chain didn't provide enough safety information and employees often worked close together despite the pandemic.
By Alicia Kelso • Updated June 5, 2020 -
Chipotle's TikTok campaign shows off new app features
The chain unveiled a series of "TikTok Hack Menu" videos to show how people can create personalized menu items in its own app.
By Robert Williams • May 20, 2020 -
Subway lays off 150 more employees
The job cuts mark the struggling sandwich chain's second major workforce reduction in just three months.
By Emma Liem Beckett • May 20, 2020 -
Potbelly's financial woes deepen after saying it may not meet debt obligations
The sandwich chain, which previously reported it could close up to 100 stores, says it could violate debt covenants by June without changes to its agreement.
By Julie Littman • May 20, 2020 -
Chick-Fil-A, Papa John's top ranking of app performance
The best-performing brands have apps that load on mobile devices quickly to keep customers engaged in a branded experience.
By Robert Williams • May 20, 2020