Restaurant News Roundup, 12/07/2023
Ghost Kitchens, the pandemic concept that was going to revolutionize the restaurant industry, are going out of business and closing. Read more here: https://www.cnn.com/2023/12/05/business/ghost-kitchens-were-supposed-to-be-the-future-of-fast-food-theyre-flaming-out/index.html
Wage growth for restaurant workers has slowed dramatically from a high of 10.5% in December 2021 to 4.9% in October 2023. This according to a third quarter industry report by Square. Read more about the wage growth decline here: https://www.axios.com/2023/12/07/restaurant-worker-wage-growth
McDonald’s is poised to launch its biggest expansion in its history, opening up an additional 10,000 stores by 2027. Read more here: https://www.nrn.com/franchising/mcdonald-s-about-go-through-major-growth-spurt
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