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McDonald’s sets targets to diversify its leadership, seeks gender parity by 2030
McDonald’s said Thursday it is taking steps to increase the number of women and people from historically underrepresented groups in its senior leadership ranks. By 2025, the company aims to have at least 35% of its senior-director and higher leadership roles be held by people from minorities. That would be a 6% increase from 2020, McDonald’s said....Read More
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WHAT RESTAURANTS CAN EXPECT UNDER BIDEN
From the moment Joe Biden uttered the words, “so help me God,” the nation’s 46th president has sounded the message that his administration will break sharply from the policies of the Trump White House. With Republicans also losing the Senate after six years, giving Democrats control of legislative.......Read More |
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RUBIO’S COASTAL GRILL TO EXIT BANKRUPTCY BY END OF YEAR
Rubio’s Coastal Grill is set to emerge from bankruptcy after a court approved its reorganization plan, the company said Tuesday. The 170-unit San Diego-based chain filed for Chapter 11 in October with $82.3 million in outstanding debt. The restructuring cut that debt by $35 million. Executives praised the quick turnaround that will bring the company out of bankruptcy by the end of the year........Read More |
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SAN FRANCISCO RE-SHUTS DINING ROOMS, FURTHERING A NATIONWIDE ROLLBACK FOR RESTAURANTS
Restaurants in San Francisco will be required to re-shut their dining rooms as of 11:59 Friday night in another instance of a government reinstating service restrictions to slow the nation’s lightspeed spread of coronavirus.With new cases of COVID-19 setting records virtually every day.....Read More |
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Where Restaurants Have Reopened Across the U.S.
After weeks — and in some cases, nearly two months — of shutdowns, states across the country are beginning to allow non-essential businesses to reopen in multi-phase plans. In Texas, restaurants can reopen their dining rooms at 25 percent capacity, while diners in Alaska and New Hampshire must make reservations in advance.....Read More
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CONSUMERS LIKELY TO CUT BACK ON RESTAURANTS IN A CORONAVIRUS PANDEMIC
Consumers are likely to leave the house less and cut back on restaurant visits amid mounting fears of a coronavirus pandemic.....Read More
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SUBWAY DOWNSIZES CORPORATE TEAM
Len Van Popering is leaving this month as global brand and innovation officer, and sandwich brand will eliminate position. Subway is downsizing its corporate executive team, confirming Thursday that it was getting rid of its chief brand and innovation officer position.......Read More
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FROM CRACKER BARREL TO CHEESECAKE FACTORY, SEE 2019’S RESTAURANT MERGERS AND ACQUISITIONS
This year saw 34 mergers and acquisitions from large to small. Cheesecake factory acquired Fox Restaurant Concepts in one of the largest deals of the year but big brands like Jimmy John's and Del Frisco's were also acquired......Read More
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CALIFORNIA WILL BAN LATEX GLOVES IN RESTAURANTS STARTING JAN. 1
California on Jan. 1 will be banning latex gloves in restaurants and other foodservice locations, joining a growing number of states that are barring the products because of allergies......Read More
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HOW TO HANDLE MENU PRICE HIKES AS LABOR COSTS SOAR
With unemployment near record lows and minimum wage hikes going into effect in many jurisdictions, operators are under pressure to raise menu prices in order to remain profitable.....Read More
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DINE BRANDS SEES TOUGHER TIMES AHEAD FOR APPLEBEE’S
Coming off a second consecutive quarter of same-store sales declines for Applebee’s, parent Dine Brands Global has lowered its expectations for the chain’s top line performance during the remainder of 2019 and raised its forecast of how many units will close by year’s end....Read More
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KFC’S PLANT-BASED TEST WAS A HUGE WIN
KFC’s test of plant-based chicken was at just a single restaurant in August, and it only lasted about five hours, but the impact for the company was far bigger......Read More
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DOMINO’S SAME-STORE SALES SLOW FURTHER
Domino’s Pizza recorded its lowest U.S. same-store sales figure in seven years in the third quarter as the Ann Arbor, Mich.-based pizza chain continues to feel the heat from growing third-party.....Read More
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