Restaurants
Burger King owner Restaurant Brands buys chain's largest U.S. franchisee
Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash. Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 […]
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Blank Street Coffee bets on subscription program to win over daily coffee drinkers
Blank Street Coffee’s shops have taken over New York City as they lure in customers with cheap lattes and cold brew. Now the upstart chain aims to attract even more consumers who want to slash their coffee budgets through a subscription program. The Blank Street Regulars program, which opened to the public this summer, has […]
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Singapore readies product sales tax hike as demographic crunch looms
Folks acquire exterior the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN / AFP) (Photograph by ROSLAN RAHMAN/AFP via Getty Images) Roslan Rahman | Afp | Getty Illustrations or photos Singapore homes are bracing for a sales tax hike that normally takes impact in the new year […]
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Man pleads guilty in stock fraud case involving $100 million New Jersey deli
Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. The man, disgraced former […]
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Every restaurant chain wants to beat Chick-fil-A, but it's stronger than ever
A Chick-fil-A meal is displayed at a Chick-fil-A restaurant in Novato, California, on June 1, 2023. Justin Sullivan | Getty Images Every restaurant chain from McDonald’s to Popeyes wants to take down Chick-fil-A, but its hold over customers is tighter than ever. Since its founding in 1967, Chick-fil-A has grown to become the third-largest restaurant […]
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Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21. Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like Olive Garden and LongHorn […]
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Here are the 3 top risks facing McDonald's heading into 2024
The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to achieve long-term goals at its investor day, but the company […]
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Starbucks tells union it wants to resume contract talks in January
Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle in Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks said it wants to resume contract talks with the union representing its baristas, starting in January. Saturday marks the two-year anniversary of the first unionization of […]
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McDonald's to open first CosMc's spinoff restaurant this week
McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s will then spend a year analyzing data to decide whether […]
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McDonald's aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
A McDonald’s store sign in Austin, Texas, Oct. 30, 2023. Brandon Bell |Getty Images McDonald’s wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The targets are part of the fast-food giant’s long-term plans to grow sales across its already sprawling restaurant footprint. McDonald’s announced its […]
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