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
Posts Tagged: Industry Spotlight
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
Subway pushes its franchisees to remodel their restaurants
CEO John Chidsey told operators this week that they should remodel their locations or get out of the system. And he recruited help from franchisees who have upgraded their restaurants. Subway wants franchisees to remodel locations so much that it’s seeking help from other franchisees to get the job done. At a company convention this… read more
Inspire Brands CEO is ‘pleasantly surprised’ about the resiliency of consumers
Despite the ongoing pressures of inflation, Inspire Brands CEO Paul Brown told CNBC’s Jim Cramer on Tuesday he’s seen that consumers have been resilient. Inspire Brands owns numerous well-known restaurant chains including Dunkin’, Baskin-Robins, Buffalo Wild Wings, Arby’s, Jimmy John’s and Sonic. Despite the ongoing pressures of inflation, Inspire Brands CEO Paul Brown told CNBC’s… read more
Noodles & Company names Drew Madsen CEO, plots menu overhaul
The former Panera Bread president has served on the board and was interim CEO since November. He has launched a return to roots, aiming to embrace an identity as a culinary comfort kitchen. Noodles & Company interim CEO Drew Madsen was made permanent in the role Thursday, and he announced plans for a complete menu… read more
Kraft Heinz Venture Launches Plant-Based Oscar Mayer Hot Dogs
The hot dogs and sausages are the first plant-based meat products from the joint venture. PITTSBURGH and CHICAGO — The Kraft Heinz Not Company LLC on Wednesday debuted NotHotDogs and NotSausages, the first ever plant-based Oscar Mayer offerings and the first plant-based meat innovation from the joint venture between The Kraft Heinz Company and TheNotCompany… read more
First Watch co-founder Ken Pendery dies at 70
Legacy of former CEO, chairman lives on at daytime breakfast restaurant brand Ken Pendery, the co-founder and longtime leader of First Watch Restaurants Inc., died March 4 of Multiple System Atrophy, a rare neurological disorder, the company said. He was 70. Pendery retired from the company’s board in 2022 after 38 years with the Bradenton,… read more
Global Foodservice News — March 1, 2024
Foodservice Equipment & Supplies Parts Town Adds Another Maker’s Parts To Inventory With customers on six continents, the manufacturer says international reach was a decisive factor in the new distribution partnership. Parts Town is now the exclusive distributor of OEM parts for Frontline Int’l., a manufacturer of oil management equipment. “The international reach of Parts… read more
Starbucks is updating its cafes to be more accessible with new inclusive designs
Restaurant design changes include a point of sales system that’s accessible for the visually impaired, power-operated doors, and wider pedestrian paths. Starbucks announced Friday the rollout of a new inclusive café layout, designed with accessibility in mind. The new Inclusive Spaces Framework, which creates more accessible spaces for both employees and customers with visual and… read more
Toast lays off 550 employees in restructuring
CEO Aman Narang said the company grew too quickly as it raced to meet demand. The cuts are intended to lower its operating costs. Restaurant tech supplier Toast on Thursday laid off 550 workers, or about 10% of its staff, in a restructuring intended to lower operating costs. In a call with analysts, CEO Aman… read more