Corporate Operations: Page 7
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McDonald’s will raise royalty rate on new US restaurants by 25%
The fee change increases operator royalty rates from 4% to 5%, but most of the Golden Arches’ franchising revenue will still come from rent, CNBC reports.
By Aneurin Canham-Clyne • Sept. 22, 2023 -
Cracker Barrel debuts rewards program to drive sales, traffic
The chain hopes that the platform, which launched nationwide Wednesday, can improve performance after retail and restaurant sales missed Q4 expectations.
By Aneurin Canham-Clyne • Sept. 21, 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 -
Kitchen United promotes Atul Sood to CEO
The ghost kitchen company remains focused on building a sustainable business model for decades to come, Sood said.
By Aneurin Canham-Clyne • Sept. 18, 2023 -
Shipley Do-Nuts rolls out tier-based loyalty program
Do-Happy Rewards, which was piloted in company-owned locations earlier this year, already has 40,000 members.
By Aneurin Canham-Clyne • Sept. 18, 2023 -
Howard Schultz resigns from Starbucks’ board
Schultz’s departure is unlikely to change day-to-day matters at the company, BTIG said, but may deprive Starbucks of his “magic touch” with the brand.
By Aneurin Canham-Clyne • Sept. 14, 2023 -
Del Taco gets new president
Tom Rose takes the helm at the QSR brand as it refranchises large numbers of stores and pushes for a return to net unit growth.
By Aneurin Canham-Clyne • Sept. 13, 2023 -
Domino’s boosts rewards points with new loyalty program
The pizza chain cut the order minimum required to earn orders points from $10 to $5, and added new redemption choices like drinks and stuffed cheesy bread.
By Aneurin Canham-Clyne • Sept. 12, 2023 -
CKE appoints CMO, CFO
The new executives join the company during an ongoing brand overhaul at Hardee’s and Carl’s Jr.
By Aneurin Canham-Clyne • Sept. 6, 2023 -
Whataburger opens first off-premise-only unit
Whataburger's digital kitchen, which debuted in Austin this week, features external ordering kiosks, pickup lockers and a mobile pickup lane.
By Aneurin Canham-Clyne • Updated Sept. 7, 2023 -
Bonchon US appoints chief growth officer
Suzie Tsai brings considerable experience from On the Border and Brinker to the Korean chicken chain as it looks to double its American footprint.
By Aneurin Canham-Clyne • Sept. 1, 2023 -
Pokeworks promotes CFO to CEO
Regina Cheung will continue to serve as CFO as the brand focuses on entering new markets and boosting franchisee profitability.
By Aneurin Canham-Clyne • Aug. 31, 2023 -
Panera’s smaller menu test may rollback its dinner focus
In what appears to be a company memo shared by employees on Reddit, flatbread pizza and a number of hot entrees are on the chopping block, along with some baked goods and the children’s menu.
By Aneurin Canham-Clyne • Aug. 29, 2023 -
TGI Fridays promotes CMO to CEO
Brandon Coleman III takes the reins as the chain experiments with virtual brands, a new loyalty structure and major menu overhaul in a growth push.
By Emma Liem Beckett , Julie Littman • Aug. 29, 2023 -
Dog Haus appoints new CEO from Kitchen United
Michael Montagano is joining Dog Haus as its first CEO. He will lead the chain as it grows its franchising system and off-premise sales.
By Aneurin Canham-Clyne • Aug. 28, 2023 -
Pretzelmaker to rebrand, remodel stores
The chain's makeover will touch everything from its logo to employee uniforms and physical restaurant design, Fat Brands Chief Brand Officer Mason Wiederhorn said.
By Aneurin Canham-Clyne • Aug. 23, 2023 -
New Jersey DOL issues stop-work orders at 27 Boston Markets over wage complaints
The chain faces a flurry of lawsuits from workers, creditors and vendors, including allegations it has failed to pay hundreds of workers.
By Aneurin Canham-Clyne • Aug. 17, 2023 -
Brinker moves virtual brand It’s Just Wings to Chili’s menu
The company is “graduating” It’s Just Wings to brick-and-mortar dining service, reflecting how delivery-only brands can grow from marginal sales drivers to core menu pillars.
By Aneurin Canham-Clyne • Aug. 17, 2023 -
Subway names new North American President, other execs
Douglas Fry will replace Trevor Haynes as North American president, and the chain announced a new global chief development officer, president of EMEA and SVP of U.S. marketing.
By Aneurin Canham-Clyne • Aug. 16, 2023 -
Panera Brands hires CFO as IPO prep continues
Paul Carbone, who helped lead Dunkin’ and Yeti’s IPOs, took over the role on Tuesday.
By Aneurin Canham-Clyne • Aug. 15, 2023 -
Wendy’s adds English muffin sandwiches to breakfast menu
The chain’s new offerings are designed to encourage diners to visit during the morning daypart, which it believes can grow sales without added labor costs.
By Aneurin Canham-Clyne • Aug. 14, 2023 -
Serve Robotics raises $30M, goes public in reverse merger
The delivery robot company, which merged with Patricia Acquisition Corp., will use the new financing to help deploy up to 2,000 robots with Uber Eats.
By Aneurin Canham-Clyne • Aug. 11, 2023 -
Krispy Kreme thinks there is more room to grow at McDonald’s
The doughnut chain says it can expand delivered-fresh-daily doughnuts to more QSR touchpoints. But it’s up to the Golden Arches to make the call.
By Aneurin Canham-Clyne • Aug. 11, 2023 -
Taco Bell tests new Go Mobile design focused on digital, delivery
The model features a walk-up window for digital and delivery orders in a bid to ease late-night operational challenges and trim development costs.
By Aneurin Canham-Clyne • Aug. 9, 2023 -
McDonald’s flaunts history of pop culture cameos in latest meal ploy
Drawing on Golden Arches nods in “Seinfeld,” “The Office” and more, the chain is enacting its biggest Famous Orders push to date ahead of a tie-in with “Loki.”
By Peter Adams • Aug. 9, 2023 -
Target will offer free carside Starbucks delivery at over 1K stores
Shoppers will be able to add Starbucks items to their Drive Up orders at 1,700 locations by October, in a boost to the coffee giant’s licensed store strategy.
By Aneurin Canham-Clyne • Aug. 9, 2023