Corporate Operations: Page 14

  • An image of a building with glass and a yellow sign that says Fatburger next to an image on orange buffalo
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    Permission granted by Fat Brants
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    Fat Brands CEO to resign, citing federal investigation

    Andy Wiederhorn will remain with the restaurant firm until May 5, at which point he will act as an outside consultant and strategic advisor for the holding company he founded. 

    By , • March 6, 2023
  • Just Salad CFO Jared Garber
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    Permission granted by Just Salad
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    Just Salad taps Goldman Sachs vet as CFO

    Jared Garber joins the company during the fastest growth period in its 17-year history, and will lead the chain’s financial operations as it scales up.

    By • March 6, 2023
  • A photograph of chefs in a kitchen. Explore the Trendline➔
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    sam edwards via Getty Images
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    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
  • Wendy's
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    Thai Phi Le/Restaurant Dive
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    Wendy’s offers franchisees reduced royalty rate, slashes fees on new restaurants

    The Pacesetter program, which waives a $50,000 technical assistance fee and offers discounts on royalty and marketing contributions, will shorten the amount of time it takes operators to make back their investments.

    By • March 3, 2023
  • People hold signs while protesting in front of Starbucks on April 14, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Starbucks unionization efforts

    Starbucks faces corporate employee revolt

    A group of at least 83 corporate workers have signed a petition urging the company to pull back from its return-to-office policies and sign a fair election agreement with Starbucks Workers United.

    By • March 2, 2023
  • An image of the welcome center in Subway's secondary HQ
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    Courtesy of Subway
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    Subway opens second headquarters with sandwich test station

    The sandwich giant’s Miami office will help speed up menu innovation and may enable greater cooperation with franchisees on supply chain issues.

    By • March 2, 2023
  • An image of Danton Nolan at Church's Texas Chicken
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    Courtesy of Church's Texas Chicken
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    Church’s Texas Chicken hires Inspire Brands vet as CFO

    Danton Nolan joins the 1,500-unit chicken chain as it accelerates growth domestically and abroad. 

    By • Feb. 27, 2023
  • A picture of Ray Bodnar, the new VP of Franchise Sales and Development at Twin Peaks.
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    Courtesy of Twin Peaks
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    Twin Peaks hires VP to support franchise development

    Ray Bodnar, formerly of Captain D’s and Dickey’s Barbecue Pit, will oversee franchising efforts as Twin Peaks looks to boost U.S. and international growth.

    By • Feb. 27, 2023
  • Corner Bakery storefront
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    Thai Phi Le/Restaurant Dive
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    Corner Bakery files for Chapter 11 bankruptcy

    The cafe chain’s Wednesday filing brings an end to a two-year period with few major restaurant bankruptcy announcements. 

    By • Feb. 24, 2023
  • A photo of Starbucks workers participating in a strike in Nottingham, Maryland, Nov. 17, 2022
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    Permission granted by Aleah Bacetti
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    Starbucks unionization efforts

    Starbucks board opposes labor review backed by NYC pension funds

    A group of Starbucks investors is calling for an independent workers’ rights assessment of the chain’s conduct in the Starbucks Workers United Campaign, fearing risks to “long-term value.”

    By • Feb. 24, 2023
  • An image of a countertop at Little Caesars
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    Permission granted by Little Caesars
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    Little Caesars signs 10-unit NYC franchise deal

    The pizza chain is seeking multi-unit operators as it targets growth in the New York City area over the next few years. 

    By • Feb. 24, 2023
  • The image shows a row of drinks, including coffee and soda, available through Panera's Unlimited Sip Club
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    Courtesy of Panera
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    Panera adds annual membership, $0 delivery to drinks subscription

    The plan offers customers a roughly 17% discount on the Unlimited Sip Club, whose members account for about 25% of the chain’s traffic. 

    By • Feb. 23, 2023
  • A photo of Madeline Chadwick, Papa Johns chief corporate affairs officer
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    Courtesy of Papa Johns
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    Papa Johns names chief corporate affairs officer

    Madeline Chadwick brings over two decades of communications experience into her new role at Papa Johns, where she has worked since 2018. 

    By • Feb. 21, 2023
  • An image of a customer entering a Cava restaurant.
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    Mario Tama via Getty Images
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    Why 2023 isn’t the best time for restaurants to go public

    Cava filed a confidential IPO earlier this month and other restaurants are rumored to go public this year, but analysts are worried about chains’ compressed margins and profitability struggles.

    By • Feb. 21, 2023
  • An image of Eric Wyatt, CEO and president, of Norms Restaurant
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    Permission granted by Norms Restaurant
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    Norms appoints CKE vet as CEO, president

    Eric Wyatt, who has worked for Starbucks, Yum Brands and Panera, plans to expand the 24/7 diner beyond Southern California next year. 

    By • Feb. 17, 2023
  • An image of Prabir Adarkar and Ravi Inukonda from DoorDash
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    Permission granted by DoorDash
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    DoorDash shifts C-suite as COO retires

    CFO Prabir Adarkar will take over as COO and president March 1 as Christopher Payne retires. Ravi Inukonda, VP of finance and strategy, will act as CFO.

    By • Feb. 17, 2023
  • A photo of Sweet Paris Creperie & Cafe.
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    Permission granted by Sweet Paris Creperie & Cafe
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    How Sweet Paris Creperie & Cafe grew from a craving to an expanding chain

    Co-founders Allison and Ivan Chavez aim to scale the restaurant company from 12 to 100 U.S. locations by 2031.

    By • Feb. 17, 2023
  • Whataburger's signature Whataburger meal.
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    Courtesy of Whataburger
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    Whataburger expands rewards, switches to points-for-dollars model

    The chain’s new loyalty program offers customers 10 points per $1 spent, and appears to have a general discount rate between 5.8% and 8.3%.

    By • Updated Feb. 16, 2023
  • Burger King gets a fresh look
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    Courtesy of Burger King
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    Burger King is fighting to boost sales, restaurant margins

    The chain says its $400 million Reclaim The Flame brand overhaul is improving sales and profits despite franchisee difficulties.

    By • Feb. 15, 2023
  • An image of food bowls from Chipotle's experimental fast casual brand, Farmesa Fresh Eatery.
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    Courtesy of Chipotle
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    Chipotle tests new brand with Kitchen United

    The fast casual concept, Farmesa Fresh Eatery, will fully open next month in Santa Monica, California, and serve as a testing ground for new techniques. 

    By • Feb. 15, 2023
  • A shopper examines a package in a supermarket.
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    vgajic via Getty Images
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    Grocery inflation continues to decline in January, but still outpaces menu prices

    Food-at-home prices rose in January at an 11.3% annual rate, the lowest rate increase since April 2022, while menu prices increased 8.2%, the third consecutive month of deceleration. 

    By Sam Silverstein , • Feb. 15, 2023
  • An image of a Subway sandwich in a plastic package.
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    Courtesy of Subway
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    Subway confirms it is looking to sell

    The sandwich chain has enlisted JP Morgan to advise its sale exploration process, but did not offer estimates of when the sale might occur.

    By • Feb. 14, 2023
  • A round sign with the words Burger King on it.
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    Justin Sullivan via Getty Images
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    Restaurant Brands International promotes Joshua Kobza to CEO

    Kobza, who has worked at the company for 11 years and currently serves as COO, will become RBI’s top executive on March 1.

    By , • Feb. 14, 2023
  • A photo of Ulyses Camacho smiling in front of a Taco Cabana restaurant.
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    Courtesy of Taco Cabana
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    Taco Cabana promotes COO to president, looks to relaunch franchising

    Ulyses Camacho, who has worked at the chain for 15 years, will oversee all aspects of its operations and retain his COO responsibilities.

    By • Feb. 10, 2023
  • A photo of a Jeremiah's Italian Ice restaurant.
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    Permission granted by Jeremiah's Italian Ice
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    Jeremiah’s Italian Ice plans to triple its units through franchising

    After hitting 100 units in 2022, the company will open 45 stores this year as it aims to reach 300 locations.

    By • Feb. 10, 2023
  • A Papa John's sign.
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    Joe Raedle / Staff via Getty Images
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    Papa Johns COO resigns

    Max Wetzel, who has held his current title since May, will leave the pizza chain on March 17 to become CEO at another company. 

    By • Feb. 10, 2023