Restaurants
McDonald’s exec says average menu item costs 40% more than in 2019
A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]
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Starbucks is set to resume union negotiations as it confronts issues at its stores
People picket outside of a Starbucks store in New York’s East Village as Starbucks Workers United have announced that they are waging the company’s largest strike Thursday on the coffee company’s Red Cup Day on November 16, 2023 in New York City. Spencer Platt | Getty Images When Starbucks and its baristas union resume contract […]
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McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends
The purple coloring of CosMc’s Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit. Amelia Lucas | CNBC Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger giant created the spinoff using one of its […]
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How non-public equity rolled Pink Lobster
In this photograph illustration, a cooked lobster is displayed on a plate at a Pink Lobster cafe on May possibly 20, 2024 in Austin, Texas. Brandon Bell | Getty Photographs Offended that your favorite Pink Lobster closed down? Wall Street wizardry experienced a ton to do with it. Red Lobster was America’s most significant informal dining […]
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Documentary filmmaker Morgan Spurlock, who skewered rapidly meals market, dies at 53
Morgan Spurlock in town conversing to the Herald’s Tenley Woodman about his new movie. Friday, April 04, 2008. Ted Fitzgerald | Medianews Group | Getty Visuals Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most well-known operates skewered America’s food stuff marketplace and who notably ate only at McDonald’s for a thirty day period to […]
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McDonald’s franchisee group says $5 value meal can’t last without company investment
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing in on the company’s upcoming value meal promotion, cheering affordability for the consumer, but pushing for […]
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Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Vital Pursuit’s Garlic Herb Grilled Chicken Bowl Source: Nestle North America Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. Over the last year, the buzzy weight loss and diabetes drugs have taken off as more options hit the […]
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Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales
An exterior view of a Wendy’s fast-food restaurant in Bloomsburg, Pennsylvania, on May 19, 2024. Paul Weaver | SOPA Images | Getty Images Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out. The deal will include a […]
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Red Lobster files for Chapter 11 bankruptcy protection
A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Justin Sullivan | Getty Images Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer, the company said in a statement. CNBC reported last month […]
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Are consumers pulling back on spending? It depends which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent […]
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