Restaurants
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is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer behavior, outdated store designs and a union push in the U.S. The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned […]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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NYC sues Starbucks for coffee chain’s firing of union organizer
A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters New York City is suing Starbucks over allegations that the company wrongfully terminated a barista and union organizer. The city’s Department of Consumer and Worker Protection said the case marks its first lawsuit for a violation of New York […]
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Starbucks CEO transition plan gets muted reaction from Wall Street
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn / Contributor / Getty Images Wall Street’s reaction to Starbucks’ new CEO was muted […]
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No, McDonald’s all-day breakfast isn’t returning in October
A McDonald’s “Big Breakfast” and Egg McMuffin are displayed at a McDonald’s restaurant in Fairfield, California. Justin Sullivan | Getty Images No, McDonald’s isn’t bringing back its popular all-day breakfast next month. The fast-food giant ended the offering during the early days of pandemic lockdowns as part of a broader scheme to simplify service. Bloated […]
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Starbucks names Laxman Narasimhan as new CEO, starting in April
Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. Narasimhan most recently served as CEO of health and hygiene company Reckitt, which owns brands such as Lysol, Durex and Mucinex. He announced earlier Thursday he was stepping down from that role. He’ll join Starbucks in October, learning about the company and its […]
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