Restaurants
California fast-food workers are getting a raise. Other businesses might have to catch up
An employee wearing protective gloves hands an order to a customer through a drive-thru window at a McDonald’s Corp. restaurant in Oakland, California, U.S., on Thursday, April 9, 2020. David Paul Morris | Bloomberg | Getty Images As fast-food chains in California start to pay their workers a higher minimum wage, other business owners across […]
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A new Japanese restaurant tops ɺsia's 50 Greatest Dining places' checklist
Tokyo’s Sézanne is the newly topped winner of “Asia’s 50 Greatest Restaurants 2024” checklist. The two Michelin-starred neo-classical French restaurant, located on the 7th flooring of the Four Seasons Lodge Tokyo at Marunouchi, climbed from No. 2 on the 2023 checklist to protected the best spot. Japan had nine restaurants make this year’s checklist, as […]
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McDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026
McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday. The rollout will start in the second half of this year, but it will take roughly two and a half years as Krispy Kreme more than doubles its distribution to satisfy the partnership. For […]
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Darden posts first same-store sales decline since pandemic, offset by Ruth's Chris acquisition
A Ruth’s Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner’s same-store sales shrank for […]
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Chipotle's board of administrators approves 50-for-1 stock break up
A Chipotle cafe in New York, US, on Monday, July 3, 2023. Jeenah Moon | Bloomberg | Getty Visuals Chipotle Mexican Grill claimed on Tuesday its board had accredited a 50-for-1 break up of its frequent stock, sending the burrito chain’s shares about 7% higher in extended investing. The California-based mostly enterprise said the stock […]
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McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
A Portillo’s Beef Bus in Kissimmee, Florida. Source: Portillo’s When Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens. Recently, the Beef […]
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Mideast Starbucks franchisee firing 2,000 staff soon after being focused in Israel-Hamas war boycott
An empty Starbucks espresso shop in Cairo, Egypt, on Tuesday, Jan. 16, 2024. Islam Safwat | Bloomberg | Getty Illustrations or photos The Middle East franchisee of Starbucks claimed Tuesday it has begun firing all around 2,000 staff at its espresso outlets throughout the region after the brand name observed alone specific by activists during […]
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Labor unions end proxy fight at Starbucks after bargaining progress
Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023. Saul Loeb | AFP | Getty Images A group of labor unions is ending its […]
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Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets
A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum […]
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Starbucks to hike wages for union workers as it thaws relationship with Workers United
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May 2022, a key step […]
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