Restaurants
Chipotle Mexican Grill will test robotic tortilla chip maker ‘Chippy’ in California restaurant
Chipotle is testing out an autonomous kitchen assistant, Chippy, which offers a robotic solution for making chips in restaurants. Courtesy: Chipotle Chipotle Mexican Grill is moving one step closer to having a robot make its tortilla chips. The burrito chain said Tuesday that it will test “Chippy,” an autonomous kitchen assistant made by Miso Robotics, […]
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Three men charged with fraud in $100 million New Jersey deli scheme
Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only a small-town New Jersey deli to its name, federal authorities said Monday. The three men – James Patten, 63, of Winston-Salem, North Carolina; Peter Coker Sr., 80, of […]
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Olive Garden parent Darden stands by outlook after mixed quarterly results
An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023. The parent company of Olive Garden and LongHorn Steakhouse said net sales for the quarter rose 6.1% to $2.45 billion, which was lighter than Wall Street’s expectations. […]
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Beyond Meat suspends operating chief after arrest for allegedly biting man’s nose
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. The company said in a statement on Tuesday afternoon that Jonathan Nelson, the company’s senior vice president of manufacturing operations, will […]
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Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose after Arkansas college football game
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage following a college football game. Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail on Saturday evening. He was […]
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Starbucks projects long-term earnings, revenue growth in double-digits as it implements new strategy
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Outgoing Starbucks CEO Howard Schultz told investors on Tuesday that the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a plan […]
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Starbucks to unveil ‘reinvention’ strategy at investor day on Tuesday
CEO of Starbucks Howard Schultz in New York City. Steven Ferdman | Getty Images Starbucks is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer behavior, outdated store designs and a union push in the U.S. The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned […]
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Burger King unveils $400 million plan to revive U.S. sales with investments in renovations and advertising
CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant. Horacio Villalobos | Corbis News | Getty Images Burger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy to revive lagging U.S. sales. […]
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Outgoing Starbucks CEO Howard Schultz says he won’t return for a fourth stint
Outgoing Starbucks CEO Howard Schultz says that he’ll never return to the top job after the coffee giant announced a new succession plan last week. “I’m never coming back again, because we found the right person,” he said Wednesday on CNBC’s “Squawk Box.” Laxman Narasimhan, who is currently CEO of Lysol owner Reckitt, will join […]
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‘It’s starting to cripple us’: British fish and chip shops fear for their survival as costs surge
SKEGNESS, England – Aug. 30, 2022: Salt’s fish and chip shop in Skegness, Lincolnshire. Manager Liam Parker told CNBC the family business is looking to cut costs through the winter as soaring energy and fish prices weigh on small businesses. Elliot Smith/CNBC SKEGNESS, England — Traditional British fish and chip shops are facing an “extinction […]
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