Corporate Operations: Page 31
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Courtesy of Dutch Bros
Dutch Bros IPO prices above forecast for $3.8B valuation
The coffee chain will go public on the New York Stock Exchange Wednesday and raised the price of its shares to $23 each, an increase from its previously announced pricing of $18 to $20 per share.
By Alicia Kelso • Updated Sept. 15, 2021 -
Permission granted by &pizza
&pizza offers $500 bonus to fully vaccinated employees
The incentive, provided to new hires and current employees, builds on the chain's previous offerings of paid-time off and subsidized transportation to get COVID-19 shots.
By Julie Littman • June 15, 2021 -
Explore the Trendline➔
sam edwards via Getty Images
TrendlineMenu 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 -
Retrieved from Chipotle Mexican Grill, Inc. on June 14, 2021
Chipotle airs first national TV ad starring athlete as hype around Olympics builds
A spot featuring soccer player Julie Ertz promotes the brand's largest celebrity-curated menu to date, which is only available on digital and mobile channels.
By Peter Adams • June 14, 2021 -
Scott Olson via Getty Images
Shake Shack taps Goldman Sachs analyst as new CFO
Katherine Fogertey will take the reins at the publicly listed fast casual chain on June 14.
By Jane Thier , Julie Littman • June 10, 2021 -
Courtesy of Starbucks
Starbucks resurrects reusable cup program after pandemic hiatus
The chain will restart the program on June 22 with a new contactless process that reduces touchpoints between employees and diners.
By Alicia Kelso • June 9, 2021 -
Courtesy of Burger King
Burger King trolls Chick-fil-A with LGBTQ donations during Pride
The latest escalation of the chicken sandwich wars is a not-so-subtle dig at a company with a history of donating to anti-LGBTQ charities.
By Chris Kelly • June 9, 2021 -
Chuck E. Cheese will hire 5K employees this summer
The eatertainment chain's hiring push may pale in comparison to some of its quick-service peers, but it does illustrate signs of recovery after a tumultuous year that included bankruptcy.
By Alicia Kelso • June 2, 2021 -
Courtesy of Sweetgreen
Sweetgreen refreshes brand identity to spotlight sustainability, focus on 'real food'
The overhaul has been in the works for the past year and is now being implemented across marketing and advertising, social media, physical store design, digital signage, packaging and employee uniforms.
By Peter Adams • May 27, 2021 -
Courtesy of Chipotle
Q&AWhy Chipotle tapped Discord in its push for fresh recruitment tactics
Chipotle's Director of Talent Acquisition Michael Miller dishes on the burrito giant's hiring event hosted by the instant messaging platform.
By Katie Clarey • May 26, 2021 -
Courtesy of Yum Brands/BusinessWire
Yum Brands partners with University of Louisville to open franchising center
The Yum Center for Global Franchise Excellence will focus on recruiting and educating underrepresented people of color and women about franchising.
By Julie Littman • May 26, 2021 -
Grubhub teams with Restaurant Strong Fund to offer $2M in grants
The program's $5,000 grants for select restaurants with five or fewer locations could help fill the gap left by the Restaurant Revitalization Fund's early closure.
By Emma Liem Beckett • May 25, 2021 -
Permission granted by Chipotle
Chipotle aims to gamify mental health goals with Aduro partnership
Chipotle workers will be able to earn gift cards, healthcare discounts and other benefits by achieving well-being goals set on virtual wellness platform Strive.
By Katie Clarey • May 24, 2021 -
McDonald's, Byron Allen dispute continues amid scrutiny into QSR ad-spending practices
In January, the media mogul's amended complaint got the go-ahead from a federal judge after a previous version was dismissed due to a lack of sufficient evidence.
By Peter Adams • Updated June 2, 2022 -
Domino's CFO Stuart Levy resigns
The pizza chain is searching for a replacement and, in the meantime, has created a new Office of the CFO overseen by CEO Ritch Allison.
By Thai Phi Le • May 20, 2021 -
Retrieved from Panera on May 20, 2021
Panera unveils double drive-thru store design
Going forward, all Panera builds and remodels will feature this design, and most locations will be in suburban markets to accommodate the drive-thrus.
By Emma Liem Beckett • May 20, 2021 -
Permission granted by Goldbelly
Goldbelly snags $100M after seeing 300% growth in 2020
The novelty food delivery service will put this capital infusion toward scaling its technology and operations and accelerating the onboarding of new chefs and restaurants.
By Emma Liem Beckett • May 19, 2021 -
Permission granted by Wendy's
Wendy's pursues ghost kitchens, says 30% of new units will be nontraditional
The chain's U.S. digital business grew to roughly 7.5% of sales in Q1 2021 thanks to increases in mobile ordering and delivery, inspiring store designs with delivery drivers in mind, Chief Development Officer Abigail Pringle said.
By Emma Liem Beckett • May 14, 2021 -
McDonald's raises pay at US corporate stores ahead of planned worker strike
McDonald's is raising hourly wages by an average of 10% at its U.S. company-owned restaurants, impacting more than 36,500 employees. Ninety-five percent of the chain's U.S. footprint will not be affected, however.
By Emma Liem Beckett • May 13, 2021 -
Courtesy of IHOP
Following first quarter rebound, Applebee's, IHOP parent hires new CFO
On June 14, Vance Chang will replace Dine Brand's corporate controller and interim CFO Allison Hall, who is moving into the chief accounting officer role.
By Jane Thier • May 13, 2021 -
Rosie Bradbury/Industry Dive
Sweetgreen files for IPO
The news comes on the heels of a $156 million cash infusion led by Lone Pine Capital in January, as well as the chain's plans to pilot a drive-thru this year and invest in suburban expansion.
By Emma Liem Beckett • Updated June 21, 2021 -
Courtesy of Subway
Subway goes on a hiring spree for 40K workers
Despite a history of sluggish unit and sales growth, the chain looks to fill roles ranging from entry-level to management after closing 10% of its units last year.
By Alicia Kelso • May 11, 2021 -
Courtesy of McDonald's
McDonald's deploys marketing muscle for vaccine awareness in tie-in with Biden admin
The brand's Times Square billboards, McCafé cups and delivery order seal stickers will supply information on vaccines and use art from the national "We Can Do This" campaign.
By Peter Adams • May 11, 2021 -
Photo illustration by Adeline Kon/Restaurant Dive; photograph by Justin Sullivan via Getty Images
Deep DiveHelp wanted: How chains are adjusting hiring tactics to boost staffing
Amid an ongoing labor shortage, major restaurant brands are experimenting with mass hiring events, bonuses, pay raises and streamlined application processes to attract much-needed employees.
By Julie Littman • May 11, 2021 -
Joe Raedle via Getty Images
Deep DiveHow the labor shortage is shifting restaurant strategy
Diners are returning in droves as COVID-19 dining room restrictions ease, but staff are hard to come by, creating a difficult balancing act for operators trying to recoup lost revenue.
May 11, 2021 -
Chris Hondros via Getty Images
Deep DiveUp from the ashes: Restaurant CFOs prepare for boom
Profit-hungry restaurant CFOs blindsided by the pandemic get ready for robust economic growth, offering lessons for leaders in less-stressed industries.
By Jim Tyson • May 10, 2021
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