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
Posts Tagged: Industry Spotlight
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
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
