Corporate Operations: Page 44


  • United States $100 bills
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    "Money" by Ervins Strauhmanis is licensed under CC BY 2.0
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    75% of small businesses sought PPP aid, Census Bureau finds

    About 38% of the survey's 22,000 respondents said they've received loan money — and the coronavirus' impact appeared disproportionately felt in the Northeast and Great Lakes.

    By Dan Ennis • May 19, 2020
  • McDonald's faces criticism for sexual harassment issues in international markets

    Labor organizations from around the globe filed a joint complaint Monday against the chain, alleging patterns of rampant harassment and gender-based violence.

    By Alicia Kelso • May 19, 2020
  • New CEO to take helm at National Restaurant Association

    Effective June 1, Tom Bené, a former Sysco and PepsiCo exec, will lead the organization during one of the most difficult times the industry has ever faced. 

    By May 18, 2020
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    Thai Phi Le
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    Column

    Shift Change: Wingstop appoints CTO, Sweetgreen hires COO

    This week's Shift Change also includes new board members at Potbelly and Dave & Buster's. 

    By May 15, 2020
  • McDonald’s reopening requirements saddle operators with more costs

    The chain's 59-page reopening guide for its U.S. restaurants includes purchasing recommendations for a $718 touchless sink and $310 automatic towel dispenser, The Wall Street Journal reports. 

    By Alicia Kelso • May 15, 2020
  • An image of a white building with a sign that says Krystal
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    Cculber007. (2005). "Krystal" [Photograph]. Retrieved from Wikimedia Commons.
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    Bankrupt Krystal sold to Fortess Investment Group for $48M

    With healthy M&A all but paused during the pandemic, distressed company sales are likely to be among the handful of deals to occur this year. 

    By May 15, 2020
  • Starbucks seeks rent relief for a full year

    In a letter written by Starbucks COO Roz Brewer and obtained by Restaurant Business, the company asked its landlords for 12 months of rent breaks for its corporate-owned units beginning in June.  

    By Alicia Kelso • May 14, 2020
  • A McDonald's in Vancouver, Canada, closed its outdoor seating during the novel coronavirus pandemic in 2020.
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    "The Image" by Rod Raglin is licensed under CC BY-SA 2.0
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    McDonald's will boost US marketing $100M as dining rooms reopen

    It's unclear what future marketing promotions will look like, though the fast-food behemoth is likely to highlight safety precautions early on to address consumer concerns about eating in restaurants.

    By Robert Williams • May 14, 2020
  • A Potbelly in Ashburn, Virginia
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    Julie Littman/Restaurant Dive
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    Potbelly could permanently close up to 100 stores

    About 90% of the shops under consideration for closure were impaired before the pandemic and are even more challenged today, CFO Steve Cirulis said on an earnings call. 

    By May 13, 2020
  • Buffalo Wild Wing's first to-go only restaurant in Atlanta.
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    Retrieved from Inspire Brands on May 12, 2020
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    Buffalo Wild Wings unveils its first 'GO' store in Atlanta

    The new concept, which will open Wednesday, features heated pickup lockers to service guests who order ahead via the brand's mobile app.

    By Lauren Manning • May 12, 2020
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    Industry Dive
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    Chipotle secures $600M in cash

    The fast casual chain is the latest to secure cash from a revolving credit line, joining the likes of McDonald's and Yum Brands in using this tactic to weather the economic storm from the novel coronavirus pandemic.

    By Alicia Kelso • May 11, 2020
  • Burger King will test reservations in Italy

    The chain expects to begin the pilot June 1 at three Milan restaurants. If successful, the app could be used in other countries. 

    By May 7, 2020
  • Chick-fil-A
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    Retrieved from Chick-fil-A on May 07, 2020
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    Chick-fil-A to reopen some restaurants in coming weeks

    The chicken chain will install plexiglass at the front counters and add floor decals every six feet both inside and outside as it begins offering carryout. 

    By May 7, 2020
  • Famous Dave's parent secures $13M PPP loan

    After new restrictions on lending were put in place for public companies, BBQ Holdings remained eligible because it is considered a nano-cap business, with a capitalization below $50 million. 

    By Alicia Kelso • May 6, 2020
  • Uber Eats to leave 8 global markets

    Uber will shutter its food delivery operations in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, Uruguay and the United Arab Emirates. 

    By May 6, 2020
  • Shake Shack will add drive-thrus, pickup windows to restaurants

    The new "Shack Track" store remodels are designed with social distancing in mind, but CEO Randy Garutti didn't disclose how many locations will be overhauled. 

    By May 6, 2020
  • McDonald's gives 10% bonus to employees working in company-owned stores

    In addition to the bonus pay for working amid the pandemic, an internal memo obtained by Business Insider said franchisees should offer an emergency relief fund. 

    By Thai Phi Le , May 6, 2020
  • 18% of Wendy's restaurants aren't serving hamburgers, report finds

    Wendy's CEO Todd Penegor said on an earnings call Wednesday that the chain's beef supply is likely to experience a "couple of weeks of challenging tightness." 

    By Updated May 7, 2020
  • KFC hosts virtual Mother's Day dinners on Facebook Messenger
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    Courtesy of KFC
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    KFC hosts virtual Mother's Day dinners on Facebook Messenger

    The chain created a virtual Mother's Day experience to help people celebrate the occasion while the pandemic keeps them apart.

    By Robert Williams • May 5, 2020
  • Dave & Buster's raises $100M from stock sale

    The sale to Jeffries will bolster its balance sheet as the chain struggles, recently closing all of its 137 locations and furloughing 15,000 hourly workers. 

    By May 5, 2020
  • BJ's receives $70M investment from Ron Shaich's firm

    The funds from Act III Holdings will help the casual dining chain, which laid off 16,000 hourly employees in April, bring back its staff and reopen dining rooms. 

    By May 4, 2020
  • McDonald's primes supply chain for potential meat shortage

    The chain is now limiting allocation of its meat supply as the U.S. faces potential shortages due to slaughterhouse closures.

    By Alicia Kelso • May 1, 2020
  • A still of Taco Bell's limited-time At-Home meal kits unveiled for Cinco De Mayo on April 30, 2020
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    Courtesy of Taco Bell Corp.
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    Taco Bell, Chipotle adjust marketing around Cinco de Mayo amid coronavirus

    One is leaning into an influencer-led TikTok activation, while the other is translating its experiential expertise to an at-home environment.

    By Peter Adams • May 1, 2020
  • Popeyes chicken sandwich boosts quarter despite coronavirus pressure

    Even during the pandemic, the chicken sandwich's popularity didn't wane. Comp sales were up 26.2% globally while traffic grew 40% during Q1 2020.

    By May 1, 2020
  • Starbucks sustainable cups
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    Courtesy of Starbucks
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    Starbucks to rev up marketing as US stores gradually reopen

    The chain says it will keep spend within the 2020 advertising budget but squeeze those efforts into an accelerated schedule, as it uses a "monitor and adapt" strategy to reopen stores.

    By Robert Williams • May 1, 2020