How 5 restaurant chains are preparing for $20 wage in California
WebNov 30, 2023 · Given how much of Jack in the Box’s system is concentrated in California, the company expects wage rates at stores it operates to rise between 10% and 12%. Excluding AB 1228, wages would rise by 3% to 5% in 2024, CFO Brian Scott said on the call. Pricing wise, Jack in the Box anticipates that it …
New Uber feature allows users to pick up restaurant orders during …
WebApr 29, 2021 · Uber announced Wednesday it is adding a Pickup and Go feature to its app that allows rides passengers to order and pick up meals and groceries while en route to their destination. The platform will also allow users to pre-order when a store or restaurant is closed, as well as create multiple orders from different stores and restaurants at the ...
Restaurant Mergers & Acquisitions | Restaurant Dive
WebAug 7, 2023 · Fiesta Restaurant Group will sell to Authentic Restaurant Brands. Fiesta will go private as part of the roughly $220 million deal, and its leadership team will continue to operate fast casual chain Pollo Tropical as an independent brand. By Emma Liem Beckett • …
Restaurant trend outlook for 2024 | Restaurant Dive
WebJan 31, 2024 · The state of independent restaurants in 2024. Several chains are investing more in their catering platforms to take advantage of return-to-office traffic and growing interest in boxed meals and events-based catering. And some restaurant brands are targeting the afternoon snack daypart in a bid to win younger, on …
Rave Restaurant Group appoints 6 execs, including new CFO
WebMar 27, 2024 · Dive Insight: Rave said the appointments are intended to signal that it is focused on growing its brands. Pizza Inn, the company’s flagship brand, had 112 units in the U.S. and 18 abroad at the end of 2023, according to Rave’s Q2 2024 earnings release, while fast casual Pie Five had 24 U.S. units.. Both brands have shrunk considerably since the year-ago period, according to the chain’s ...
How restaurants are bringing tech to the table in 2021
WebJan 28, 2021 · Forty-percent of restaurant operators surveyed by the National Restaurant Association say they added a contactless mobile payment option since last March to minimize person-to-person contact, according to the group’s 2021 State of the Restaurant Industry report. This prioritization seems to directly reflect diner sentiment, with 21% of ...
Starbucks' airport strategy takes flight with 2 deals
WebFeb 11, 2020 · Starbucks is expanding its airport location count with two new airport foodservice partnerships, including airport retailer and restaurateur Paradies Lagardère and airport hospitality group OTG Management, according to Nation’s Restaurant News. The coffee chain will open new stores around the world with the two companies later in 2020.
Golden Gate Capital sells remaining stake in Red Lobster
WebAug 31, 2020 · Dive Brief: Golden Gate Capital sold its remaining equity stake in Red Lobster to existing investor Thai Union Group, a group of investors under the banner Seafood Alliance consisting of global restaurateurs and hospitality executives, and Red Lobster management, according to a press release.Golden Gate Capital bought the chain from Darden in 2014 for $2.1 billion.
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Tabletop tech speeds up service and boosts profits, study says
WebAug 5, 2019 · Tabletop devices improved average sales per party by 1% and corresponded to a profit boost of $1 million per month at a full-service casual restaurant chain, according to a study recently published in the peer-reviewed journal Management Science. Used to speed up customers' wait times and turnover, the tablet technology allowed customers to ...
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