The fast-food giant is creating a new Restaurant Experience Team to move faster to support general managers. But it also creates teams around beef, chicken and beverages to compete with more specialized restaurant chains. The idea behind those teams is for the company to be more competitive with the growing number of “specialist” concepts with… read more
Posts Tagged: Industry Spotlight
Steak ‘n Shake gets political after switching to beef tallow fries
The chain switched from vegetable oil to beef tallow in January, and recently backed RFK Jr.’s criticism of seed oils When quick-servicequick-service chain, Steak ‘n Shake, made the switch from cooking its fries in vegetable oil to frying in beef tallow in January, the Indianapolis, Ind.-based company cited reasons of taste and authenticity. However, two… read more
Hooters is reportedly preparing a bankruptcy filing
The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years. Hooters has also been falling behind on its bills. In 2024, the company took about 4 times longer to pay its vendors than the average restaurant chain, according to data from credit report company… read more
The Coffee Bean & Tea Leaf adds Starbucks Veteran Hinkle to Exec Team
The Coffee Bean & Tea Leaf appointed Tara Hinkle to serve as its president and head of Americas for the global specialty coffee and tea house. Before joining The Coffee Bean & Tea Leaf, Hinkle served as senior director of franchise finance and strategy at Taco Bell, where she led the brand’s franchise finance and… read more
Just Salad Raises $200 Million to Speed Up Growth
The capital raise values the company at $1 billion. Just Salad has raised $200 million to aid investment in menu innovation, advanced technology, and the customer experience, the company announced Monday. The capital raise values the fast casual at $1 billion. Funds came from an investor group led by Wellington Management, alongside D1 Capital Partners,… read more
Denny’s adds an egg surcharge at some locations
The move by the diner chain comes as egg prices continue to skyrocket due to a nationwide shortage caused by avian flu. Some Denny’s customers will have to start paying a little extra for their eggs. The 1,500-unit diner chain said Monday that it is adding a temporary surcharge to all meals that include eggs… read more
Starbucks Lays Off 1,100 Corporate Employees
The coffeehouse chain is also eliminating several hundred open and unfilled positions. Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by mid-day Tuesday. Niccol said Starbucks… read more
KFC U.S. is moving out of Louisville
The fast-food chicken chain is moving its corporate headquarters to Plano, Texas, and is telling all remote workers to relocate to the cities in which their work is based. KFC has been associated with Kentucky since Colonel Harland Sanders first started serving his fried chicken there nearly a century ago. But the fast-food chicken chain… read more
Tasty Restaurant Group Names Rick Gestring Brand Officer of its KFC and Taco Bell Locations
Tasty Restaurant Group (TRG) appoints Rick Gestring as Brand Officer for Tasty Chick’n. Tasty Restaurant Group is a prominent multi-brand restaurant owner and operator, with Tasty Chick’n being one of the four brands under its leadership. Tasty Chick’n oversees KFC and Taco Bell locations across Alabama, Arkansas, Florida, Illinois, Kentucky, Mississippi, Missouri, Tennessee, and Virginia…. read more
P.F. Chang’s is testing a fast-casual concept called Pagoda Asian Grill
The Asian-American casual-dining brand has already built three locations of this new concept P.F. Chang’s is taking another stab at a limited-service spinoff concept. More than five years after selling off Pei Wei Asian Kitchen, the 300-unit Scottsdale, Az.-based casual-dining chain is testing out a fast-casual concept called Pagoda Asian Grill. The new offshoot already… read more
