The new agreement will see expansion of the brand in the Midwest, Arizona, Pennsylvania and Florida. Papa John’s International has unveiled plans to open 50 more US restaurants by 2028 through a new agreement with franchisee Nadeem Bajwa and his company, the Bajco Group. The move is part of a broader strategy to increase the… read more
Posts Tagged: Industry Spotlight
Chipotle, Starbucks and more raise prices by as much as 7-8% in California
Restaurant chains and California franchisees are making the tough decision to increase prices and cut hours in light of the state’s new $20 minimum wage In light of California’s new $20 minimum wage bill for fast-food workers, which went into effect on April 1, restaurant chains and franchisees are already taking action, in some cases… read more
Walmart to Pay Millions in Settlement Over Grocery Prices
A class action lawsuit alleged that shoppers paid more than the lowest advertised price for some items. NEW YORK (AP) — If you purchased some weighted groceries or bagged fruit at Walmart in recent years, you may be eligible for a cash payment from a class action settlement with the retailer. The class action lawsuit,… read more
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau… read more
Chicago’s Rosebud Restaurant Group expands south with Mia Rosebud in Boca Raton
Mia Rosebud is the group’s 10th restaurant and its first outside the Chicago area The Rosebud Restaurant Group — founded by restaurateur Alex Dana in 1976 with the first Rosebud location in Chicago’s Little Italy —operates nine Italian restaurants in the Chicago area spanning three concepts, Rosebud, Carmine’s, and Rosetta. In late February, the group… read more
Unsure how California’s new fast-food wage-setting process will work? Here’s a guide
With a historic change just days away for most California fast-food restaurants, the state has fleshed out how wages will be set in the new era, where employee representatives will have significant influence on what the sector’s workers must be paid. Here’s a fuller picture of how the process will work. At the heart of… read more
Chipotle announces a 50-for-1 stock split
The fast-casual Mexican chain is also giving general managers and longtime employees a one-time equity grant. The stock split, the company’s first in its history, will take place in June. Chipotle’s stock value has increased so much that the company is splitting it in 50. The Newport Beach, Calif.-based Mexican chain on Tuesday announced the… read more
Chris Kempczinski to become McDonald’s chairman
McDonald’s CEO Chris Kempczinski was named chairman of the fast-food burger giant’s board of directors on Tuesday as longtime Chairman Enrique Hernandez announced his retirement. “After careful deliberation about the best succession plan and governance structure to carry McDonald’s forward, the board has determined this is the right moment to evolve the board’s structure, re-combining… read more
HR 7024–Urge Senate to vote for tax relief today!
Business tax breaks face ‘now or never’ moment in Senate It’s crucial for your C-suite to engage their respective Senators during the next 4 weeks. This is the message: Please approve the Tax Relief (H.R. 7024) bill now as restaurants rely on 100% bonus depreciation and business-interest expensing to remain competitive and improve economic growth…. read more
KFC Opens 30,000th Global Location
KFC on Tuesday announced the opening of its 30,000th location globally with a new restaurant in Rome, Italy, cementing its steady, continued expansion. After the brand opened its very first restaurant in 1952, a new KFC location now opens somewhere in the world every 3.5 hours on average. With plans to enter its 150th country… read more