Restaurant Business Magazine - Trends, Ideas and News
Why so many brands are closing restaurants in the name of growth. The Bottom Line: Denny’s and Wendy’s announced plans to close underperforming units as part of a “growth strategy.”. The restaurant industry has a long history of such strategies. But too much can be a risk.
The largest burger chains in the U.S. - Restaurant Business
May 13, 2020 · Financing The largest burger chains in the U.S. These are the highest-grossing burger chains among Technomic's Top 250. By Restaurant Business Staff on May 13, 2020
14 years after disappearing, Steak and Ale is set to return
Jan 17, 2023 · 14 years after disappearing, Steak and Ale is set to return. For its second act, the casual-dining pioneer will revive many of its signature elements while adding some new tricks. By Joe Guszkowski on Jan. 17, 2023. The new Steak and Ale will have a polished-casual feel. / All photos courtesy of Legendary Restaurant Brands.
Dan Cathy steps down as Chick-fil-A CEO - Restaurant Business
Sep 16, 2021 · Dan Cathy, who guided Chick-fil-A through an incredible run of growth despite a changing industry landscape and controversial comments over gay marriage, will step down as the chain’s CEO, effective Nov. 1. His son Andrew Truett Cathy will take over the top job, becoming only the third CEO in the Atlanta-based chain’s history, following his ...
Boston Market is down to 27 restaurants - Restaurant Business
Mar 11, 2024 · Boston Market’s downfall may be coming to its final weeks as the once-national chain of rotisserie chicken restaurants is down to just about 27 locations, several sources told Restaurant Business. Meanwhile, a federal court judge on Friday terminated Boston Market owner Jay Pandya’s second personal bankruptcy filing over technical issues.
Top 500 Chains - Restaurant Business
The Top 500 Chain Restaurant Report is a measure of the largest restaurant concepts by U.S. systemwide sales, based on results from the 2019 calendar year. Relevant information is accrued using a combination of public company financial filings, direct operator surveying, franchise disclosure documents and proprietary valuation algorithms.
Inspire Brands completes its $11.3B acquisition of Dunkin’
Dec 15, 2020 · Inspire Brands completed its $11.3 billion acquisition of Dunkin’ Brands on Tuesday, creating one of the largest restaurant operating companies in the country while giving the Roark Capital-owned company a larger, global reach. Dave Hoffmann, who had been Dunkin’ Brands CEO, was named a special advisor to Inspire CEO Paul Brown and will ...
What is the right way to account for employee meals? - Restaurant …
Dec 16, 2022 · It is very difficult in this case to get the BOH to follow this policy. We then ask them to write their meals on a clip board so that we can approximate the COGS on a weekly or monthly basis and input to an expense line on the P&L. It is a mixed system but does work for some restaurants.”. Once you are set up accounting-wise, Sigel emphasizes ...
After nearly 50 years, Pappas Restaurants is still keeping it in the …
Oct 30, 2023 · After nearly 50 years, Pappas Restaurants is still keeping it in the family. The Houston institution remains proudly family-owned and intent on doing things its own unique way. By Joe Guszkowski on Oct. 30, 2023. Pappasito's Cantina, one of Pappas' larger concepts, is turning 40 this year. | Photo courtesy of Pappas Restaurants.
A brief history of Quiznos’ collapse - Restaurant Business
Jun 13, 2018 · On Monday, Quiznos was sold to an investment firm out of San Diego. This has given me time to tell the story of one of the biggest restaurant chain collapses in industry history. Between 2007 and 2017, Quiznos shrunk from 4,700 U.S. locations to fewer than 400. We can find no other example of a chain that had grown to that size that has shrunk ...