Restaurant News Roundup, 06/23/2022

Workers at a Chipotle Mexican Grill location in Augusta, Maine, have filed a petition to hold a union election – becoming the first outlet in the burrito restaurant chain to join the union organizing movement sweeping across the restaurant industry.  Read more here: https://www.cnbc.com/2022/06/23/chipotle-restaurant-in-maine-files-petition-for-union-election-.html   Quarterly earnings by Darden Restaurants […]

Restaurant News Roundup, 05/09/2022

Big chains like Chipotle are faring much better than small restaurants or independents in the wake of the pandemic’s fallout.  Easier access to money is one main reason.  Read more here: https://www.cnn.com/2022/04/30/business-food/restaurant-chains-pandemic/index.html   As chains like KFC and Taco Bell take over the restaurant industry, the National Restaurant Association calls […]

Restaurant News Roundup, 04/25/2022

Chipotle has formed a new venture to invest in restaurant startups. The venture, Cultivate Next, will have $50 million to invest in early-stage companies that are in line with Chipotle’s “strategic priorities.” Read more here: https://www.bizjournals.com/losangeles/inno/stories/news/2022/04/19/chipotle-forms-venture-fund-restaurant-industry.html   A path toward automation for restaurants is laid out by an industry veteran. […]

Restaurant News Roundup, 01/11/2022

The sports bar chain, Wings and Rings, says it will accept bitcoin to sell a franchise – possibly the first restaurant chain offering to sell franchises for cryptocurrency.  Read more here: https://www.restaurantbusinessonline.com/financing/why-wings-rings-accepting-bitcoin-franchisees   Chipotle ramps up its technology capabilities to monitor its supplies, food item preparations and even streamlining its […]

Restaurant News Roundup, 11/22/2020

Despite restaurant owners clamoring for more federal aid to help offset the impact of the pandemic, no aid seems to be forthcoming. Chances of another round of the Paycheck Protection Program are said to be nil, say Washington insiders.  Read more here: https://www.restaurantbusinessonline.com/financing/no-federal-aid-sight-time-around   Chipotle opens its first “digital-only restaurant” […]

Restaurant News Roundup, 12/21/19

The front-runner for the Democratic presidential nomination, Joe Biden, is calling for the McDonald’s work force to be unionized.  Read more here: https://www.restaurantbusinessonline.com/workforce/joe-biden-calls-unionization-mcdonalds The food and beverage industry once had the lowest average chargeback rates in the business, but now almost one-third of respondents to a recent survey say these forced refunds […]

Restaurant News Roundup, 10/16/19

Chipotle expands its college tuition assistance program for eligible employees in a move to retain and recruit workers.  Read more here:  https://www.restaurantbusinessonline.com/workforce/chipotle-expands-its-tuition-assistance-program   KFC launches on-line ordering and sees big success right off the bat.  The move is part of the chain’s overall technology strategy.  Read more here:  https://www.restaurantbusinessonline.com/technology/kfcs-future-online-ordering-more-delivery-artificial-intelligence   […]

Restaurant News Roundup, 7/17/2019

Chipotle and Shake Shack stocks up by more than 60% so far this year, the two top performers in the restaurant industry where overall stocks are up just 11% because of weak sales and higher labor costs.  Read more here: https://www.restaurantbusinessonline.com/financing/chipotle-shake-shack-lead-restaurant-stocks   Subway is expected to provide franchisees with more than […]

Restaurant News Roundup, 3/12/19

Chipotle has launched a new customer loyalty program, part of a comeback strategy for the Mexican grill chain.  Read more here:  https://www.nrn.com/fast-casual/chipotle-launches-new-loyalty-program   Struggling restaurant chains are becoming more attractive to investors betting on a brand turnaround.  Example: the Rego Restaurant Group which last year bought Quiznos and Taco Del […]

Restaurant News Roundup: Sustainability, Wage Hikes, Robots

Efforts to achieve greater sustainability and reduce waste are being adopted at Dunkin’ Donuts, Red Lobster, Chipotle, and other eateries.  Read more here: https://www.smartbrief.com/original/2018/05/how-sustainability-trends-are-changing-way-restaurants-do-business   Chick-fil-A restaurant in Sacramento moves to raise employee pay from $12 to $13 an hour to $17 to $18 an hour, with the aim, says the […]

Restaurant News Roundup: Customers, Mexico, Diversity

Global information research group releases study on ways to increase traffic at restaurants. One of its findings: consumers think restaurant prices are too high, so they stay away or cut back on eating out. Read more here: https://www.qsrmagazine.com/news/new-path-increasing-restaurant-business Trump’s Mexico policy could spell trouble for restaurant chains like Chipotle that […]

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