Corporate Operations: Page 9
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Nextbite cuts more jobs, some staff say it will restructure
The virtual restaurant brand platform, which made staff cuts twice last year, terminated an unknown number of workers this week, according to LinkedIn posts from 20 former employees.
By Aneurin Canham-Clyne • May 18, 2023 -
Yum Brands faces class action suits from employees after ransomware attack
The Taco Bell and KFC operator is facing litigation after some personal data of company employees was stolen in the attack.
By David Jones • May 16, 2023 -
Shake Shack cuts a deal with activist investor
Former Domino’s CFO Jeffrey Lawrence joined Shake Shack’s board and founder Danny Meyer will eventually yield his director designation rights as part of an agreement with Engaged Capital.
By Aneurin Canham-Clyne • May 16, 2023 -
Beyond Meat sued by investors who claim they were misled
According to the litigation, the plant-based meat company and its leaders provided an overly optimistic outlook about its growth prospects, causing investors to lose money while a former executive sold his own stock.
By Megan Poinski • May 15, 2023 -
Activist investor pursues board seats at Shake Shack
Engaged Capital, which owns 6.6% of Shake Shack, is looking to reshape the company’s board and operations, The Wall Street Journal reported.
By Aneurin Canham-Clyne • May 15, 2023 -
Wendy’s will shut down remaining US Reef units
The closures are slated for this quarter and come less than two years after Wendy’s said it would build 700 Reef units in the U.S., U.K. and Canada.
By Aneurin Canham-Clyne • May 10, 2023 -
Sweetgreen will unveil first automated kitchen this week
The chain’s Infinite Kitchen, part of ongoing efforts to improve profitability, opened its first location in Naperville, Illinois, on Wednesday.
By Aneurin Canham-Clyne • Updated May 10, 2023 -
Salad and Go hires Corey Horsch as CFO
Horsch, who previously worked at Gordon Ramsay North America and Sonic Drive-In, will help lead Salad and Go’s expansion.
By Aneurin Canham-Clyne • May 5, 2023 -
Sweetgreen CMO poached by delivery startup Wonder
Daniel Shlossman is leaving Sweetgreen after five years to head Wonder’s marketing efforts as it winds down its delivery van operations.
By Emma Liem Beckett , Aneurin Canham-Clyne • May 5, 2023 -
CKE partners with 3 drive-thru AI firms
The parent company of Hardee’s and Carl’s Jr. said tests of Presto, Valyant and OpenCity’s drive-thru AI tools helped improve labor efficiency.
By Aneurin Canham-Clyne • May 5, 2023 -
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 -
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