DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 apiece, pricing above its range, according to people familiar with the matter. The offering on Tuesday values the company at $32.4 billion, based on common stock outstanding and $38.7 billion on a fully-diluted… read more
A bipartisan group of senators has put forth a compromise economic stimulus proposal totaling $908 billion, including $288 billion for small businesses such as restaurants in the form of Paycheck Protection Program loans among other funding, but it doesn’t have support from Congressional leaders, the White House, the left-wing of the Democratic party or the… read more
Private-equity firm the Halifax Group announced that they will be investing once again in Papa John’s largest franchisee, PJU Holdings, Inc. (Papa John’s United), which has 194 locations across 10 states. Halifax Group had previously invested in the Birmingham, Ala.-based franchisee from 2007 to 2013 and is now reinvesting a majority stake in the company… read more
The SEC and The Cheesecake Factory reached a $125,000 settlement after the brand was accused of misleading investors about the condition of the company early into the COVID pandemic. In filings dated March 23 and April 3, The Cheesecake Factory said units were “operating sustainably,” but the SEC described the messaging as “materially false and misleading.”… read more
Mellody Hobson — the co-chief executive officer of Ariel Investments LLC who has served as the Starbucks vice-chair of the executive board since 2018 — has been appointed as the coffee company’s next non-executive chair of the board of directors starting in March 2021, Starbucks announced Wednesday. When she assumes the board chair position, she… read more
By Iris Cao – EnvZone Low-cost carriers have become such a common means for people to travel around. Thus, hundreds of them have been created and slowly went bankrupt later. By far, one of the most successful low-cost carriers in the US is Southwest Airlines. This airline founded in 1967 has had 46 consecutive years… read more
– Stevie Nicks is the Digital Editor at Just Another Magazine – a website that covers the topics many care about. One will find articles about lifestyle, travel, fashion, trends and relationships – each of which is written in their unique style. Right now we live in a candidate’s job market. Although it might… read more
By Jim McGeady – ADP Spark Collecting data — not just any data, but the right data — can be crucial to manufacturing firms during this time of uncertainty and unpredictability. Today’s work environment is as unpredictable as ever, especially in the manufacturing world. There are just so many factors to deal with: Manufacturers not… read more
By Tony Ewing – Forbes Emergent leaders are people whose colleagues see as informal leaders. Take, for example, people who managed the virtual transitions of their offices during the pandemic. Their bosses were often preoccupied with strategic concerns. As a result, they picked up the slack to organize themselves. In other words, such situations gave… read more
COVID Complicates the Tipping Debate Even Further for Restaurants The topic of tipping and its impact on server wages is hardly a new one, but the coronavirus presented full-service restaurants and the industry at large with an opportunity to dismantle—or at least change—the default model. Greg Ryan, co-owner of Bell’s Restaurant in Los Alamos, California,… read more