Restaurants
Chipotle announces investments in startups focusing on kitchen automation, plant-based alternatives
Hypen automated kitchen solutions. Courtesy: Hyphen Chipotle said Thursday it’s investing in two companies that have the potential to accelerate its growth — one that automates kitchen operations and another that makes plant-based versions of chicken and steak with mushrooms. The Newport Beach, California-based company said Cultivate Next, its $50 million venture fund, will invest […]
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Domino’s earnings miss expectations as pizza chain cites tough labor market, higher costs
An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported mixed quarterly results as the pizza chain struggled with higher costs and an ongoing shortage of delivery drivers. The Ann Arbor, Michigan-based company also said it’s […]
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Chipotle union files complaint with labor board after chain shutters Maine restaurant seeking to organize
A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images A union pushing to organize workers at Chipotle Mexican Grill has filed a complaint with the National Labor Relations Board after the burrito chain said it would permanently close […]
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McDonald’s franchisees polled by an owners group overwhelmingly support no-confidence vote on CEO
Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016. Shannon Stapleton | Reuters McDonald’s franchisees unhappy with changes being made to ownership terms are expressing a lack of confidence in the company’s CEO and U.S. president, according to a new survey of owners that was viewed by CNBC. The National […]
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Buy Yum Brands to defend against a slowdown in consumer spending, Goldman Sachs says
Yum Brands is well-positioned to navigate the murky road ahead for restaurant stocks even as a slowdown in consumer spending looms, according to Goldman Sachs. Analyst Jared Garber upgraded shares of the Pizza Hut and Taco Bell owner to buy. The analyst also hiked his price target on the stock to $135 per share, implying […]
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Restaurants are short-staffed, and that’s taking a big toll on customers and workers alike
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables are visibly open. “Another restaurant we went to had open seats outside, but when we went to the host, they mentioned […]
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Investors bet on meat grown in a lab as interest in plant-based foods cools
Investors want meat production to look more like the pharmaceutical industry than agriculture. Cultured meat, also known as cultivated, cell-based or lab-grown protein, is made by putting stem cells from the fat or muscle of an animal into a culture medium that feeds the cells, allowing them to grow. The medium is then put into […]
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This map shows the 16 U.S. stores that Starbucks is set to close because of safety concerns
Starbucks will close 16 U.S. stores, mostly on the West Coast, by the end of July because of safety concerns, according to the company. Most of the stores set to close are in the Los Angeles and Seattle metro areas. “We’ve had to make the difficult decision to close some locations that have a particularly […]
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Molson Coors to return to the Super Bowl for the first time in more than 30 years
Molson Golden and Coors Light beer bottles are pictured at the Asylum bar in New York. Andrew Harrer | Bloomberg | Getty Images Molson Coors Beverage will return to the Super Bowl next year, making its first appearance during the big game in more than 30 years. The move comes after archrival Anheuser-Busch InBev announced […]
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Black Rifle Coffee names former Wendy’s CEO as executive chair as it looks to open more stores
Black Rifle Coffee Company Courtesy: Black Rifle Coffee Company Black Rifle Coffee, a veteran-founded beverage company that went public earlier this year, said Tuesday that it has named former Office Depot and Wendy’s CEO Roland Smith as its executive chairman, effective immediately. Smith, who is already a member of Black Rifle Coffee’s board of directors, is […]
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