The older you get, the less interesting your Christmas list becomes. Boom. You hit 25 and suddenly you’re asking Santa for a Dyson vacuum, Bombas socks, and an air fryer. But here’s the good news, you’re getting at least one thing you would’ve loved at any age: the return of Taco Bell’s Loaded Nacho Taco. Following… read more
The answer: terribly. Earnings for New York’s iconic street vendors have plunged as much as 90% during the coronavirus outbreak. So the bank is giving $2 million to 2,000 vendors in coordination with the Robin Hood Foundation, which is contributing $375,000 more and will work with the Street Vendor Project of the Urban Justice Center… read more
Starbird Chicken has raised $4 million in funding, the largest equity fundraising round from current investors and industry insiders, the four-year-old brand announced. “This landmark financing reflects the industry’s belief in our vision that we’ve had for Starbird since day one – that the fast-food landscape was primed for an upgrade in quality and convenience… read more
The coronavirus pandemic has undoubtedly devastated the restaurant industry, resulting in a $120 billion loss in sales between March and May, according to research from the National Restaurant Association. It has caused massive unemployment of hospitality workers and shut down tens of thousands of restaurants across the country. While it may take a long time… read more
McDonald’s is energizing its fight against climate change by investing in wind and solar projects across the country that has enough power to operate 8,000 restaurants. In 2020, the fast-food chain finished three new virtual power purchase agreements (VPPAs)—two wind farms and one portfolio of solar projects—that will be constructed in Illinois, Oklahoma, North Carolina,… read more
It may seem like there’s already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. Starbucks said at an investor event that it plans to increase its store count to about 55,000 by 2030, up from roughly 33,000 today. The company is… read more
Thomas Bonfiglio, CEO of Triple T Hospitality Group, on Redefining the Art of ‘Mom & Pop’ Hospitality During the COVID-19 Pandemic What a time we are in right now. If someone would’ve told me back in March that the COVID-19 pandemic would still be going on nine months later, I would’ve thought they were crazy…. read more
Atlanta to Allow Restaurants to offer on-Street Dining Restaurants must apply for a permit before operating on the city’s public right-of-way, according to regulations passed Monday by the Atlanta City Council. Atlanta already allows restaurants to serve food and drinks on sidewalks, with a permit. Since the coronavirus pandemic began, large cities around the country… read more
The Private Equity Firm Partnered with Management to Invest in the 194-unit PJ United The Halifax Group, a Washington, D.C.-based private equity group, has invested along with company management in PJ United, the largest operator of Papa John’s restaurants. Terms of the deal were not disclosed. Halifax is a previous investor in PJ, which operates… read more
Grubhub Offers Restaurants new Ways to Receive Orders—Without Paying Commission Fees GrubHub is giving restaurants new tools for commission-free orders as more states and cities force eateries to turn once again to delivery and takeout for survival. In the wake of the coronavirus pandemic, Grubhub has seen its orders soar, growing revenue 36% during the… read more