In my coaching and consulting sessions with executives during the pandemic, we’ve discussed critical issues such as speed, agility, resilience, pivoting, adaptability, prioritizing, change, strategy, scenario planning, transformation, rebuilding, rethinking and much more. Excellence in customer service As we enter the new normal, excellence in customer service will be an imperative! In an era where… read more

In 1975, 17-year-old Peter Cancro bought Mike’s Subs with the financial help of his football coach, Rod Smith, who was also an executive at the local town bank. Cancro had worked at the New Jersey sub shop for three years. The handshake deal would lead to Cancro building an empire of sandwich stores under the… read more

Social-distancing limits for dining rooms are constraining Darden Restaurants Inc.’s units more than local coronavirus capacity restrictions, the Olive Garden parent’s CEO said, but the company is installing temporary plastic barriers to provide seating expansion. The Orlando, Fla.-based casual-dining company, which owns LongHorn Steakhouse, Cheddar’s Scratch Kitchen and other full-service concepts, said 91% of its… read more

Yum! Brands announced that it’s pledging $100 million in the next five years to fight inequality. The global mission, referred to as the Unlocking Opportunity initiative, will combat discrimination across KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill by focusing on equity and inclusion, education, and entrepreneurship. As part of these efforts, Yum!… read more

The image of a black woman will be removed from the brand’s pancake mixes, syrups and other products, the company said. A new name will be announced following the first phase of packaging changes, which will begin appearing throughout the fourth quarter. The 130-year-old Aunt Jemima brand and imagery originally were based on the minstrel… read more

Affiliates of Fortress Investment Group LLC and its operating partner, Golden Child Holdings, have acquired Krystal Restaurants LLC. Krystal filed for bankruptcy in January and was put up for sale as part of the reorganization process. Fortress emerged as the successful bidder of the business. Thomas Stager was named president of Krystal, effective immediately. He replaces… read more

Earl Enterprises, parent company of Buca di Beppo and Bertucci’s, has acquired Brio Italian Grille and Bravo! Italian Kitchen from FoodFirst Global Restaurants, Inc. Financial terms of the transaction were not disclosed. FoodFirst filed for Chapter 11 bankruptcy protection in early April after struggling for months due to elevated food costs, labor pressure, unprofitable locations… read more

Sales declines are expected to moderate, improving from a 50% decline at the peak of the pandemic to a 12% to 14% decline over the next 12 months. Sales are expected to return to pre-pandemic levels by mid- to late- 2022, assuming no COVID-19 relapse this fall. “Full foodservice sales recovery took approximately seven quarters… read more