Restaurant News Roundup, 04/24/2023
A national movement is building at both the federal and local level to change the restaurant industry’s approach to single-use plastics and disposables as part of an effort to reduce plastic waste. Read more here: https://www.nrn.com/operations/how-food-delivery-changing-become-more-sustainable
Sandwich chain Subway says same-store sales grew by 12.1% in the first quarter of this year, a positive sign of the chain’s turnaround efforts as it seeks as buyer. Subway is reportedly seeking a valuation of at leat $10 billion. Read more here: https://www.cnbc.com/2023/04/24/subway-reports-double-digit-quarterly-sales-growth-as-sandwich-chain-seeks-buyer.html
California Pizza Kitchen wants to sell off some of its restaurants to franchisees as it seeks to divest itself of some of its locations as part a bigger push into franchising at the mostly company-owned pizza chain. Read more here: https://www.restaurantbusinessonline.com/operations/california-pizza-kitchen-looks-sell-stores-franchisees
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