Restaurants
Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup
Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane […]
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McDonald’s will assess if franchisees are providing value under new standards
In Lisbon, Portugal, on January 12, 2025, people sit by a McDonald’s storefront. McDonald’s rolls out new value deals, like the McValue Menu, to combat economic challenges and attract budget-conscious customers, as global sales face pressure amid shifting consumer trends. Luis Boza | Nurphoto | Getty Images McDonald’s will soon assess its franchisees on how […]
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Starbucks Workers United holds rally in NYC as strikes continue for a third week
NEW YORK — Starbucks Workers United held a rally outside the Empire State Building on Thursday as its open-ended strike entered its third week and no signs of an impending resolution. Adding to the crunch of holiday shoppers and tourists, several hundred picketers gathered outside of the famous landmark, which is also the site of […]
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Trump claims California’s $20 fast-food minimum wage hurts businesses. The truth is a lot more complicated
U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | Reuters President Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s […]
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Starbucks Workers United escalates strike during busy holiday season
Starbucks workers walk a picket line as they go on strike outside a Starbucks store on Nov. 13, 2025 in the Clinton Hill neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images One week into what baristas have threatened to make the “largest, longest” strike in Starbucks’ history, the […]
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Panera lost diners by cutting portions and staff. It’s reversing course to win them back
A Panera Bread sign hangs on the exterior of the restaurant on July 25, 2025 in Miami, Florida. Joe Raedle | Getty Images When Panera Bread began shrinking its sandwiches and skimping on salads, it started shedding customers. Now, to win them back, the chain plans to reinvest in the business and undo many of […]
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Fewer burritos, more bargains: Consumers flash holiday warning signs
Shoppers walk through Manhattan on Nov. 7, 2025, in New York City. Spencer Platt | Getty Images High-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks. Those trends may not bode well for the […]
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Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day
Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than […]
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More than 100 lawmakers push Starbucks to resume union negotiations
Starbucks workers and supporters practice picket outside a Starbucks location in New York, US, on Wednesday, Oct. 1, 2025. Michael Nagle | Bloomberg | Getty Images More than 100 lawmakers urged Starbucks to resume bargaining talks with Workers United, the union representing the coffee giant’s baristas, in letters sent to CEO Brian Niccol on Monday. […]
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Restaurant Brands International to form joint venture for Burger King China to accelerate expansion
People walk past a Burger King restaurant with Chinese national flags displayed on a street during the National Day Golden Week holiday on October 5, 2024, in Chongqing, China. Cheng Xin | Getty Images Restaurant Brands International on Monday announced that it will form a joint venture with CPE, a Chinese alternative asset manager, to […]
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