Food & Beverage News

When McDonald’s Corp. fired Stephen Easterbrook, then chief executive officer, he received a severance package valued at nearly $42 million, according to executive compensation experts at Equilar. Now, the company is suing Mr. Easterbrook for the return of the money and a lot more after an investigation found he’d had sexual relationships with at least…

Private equity firm Hargett Hunter Capital Management has agreed to purchase Texas-based chain Trudy’s Texas Star out of bankruptcy for $6.5 million. The firm prevailed at an auction on July 23. A hearing to approve the transaction will be held on August 17. The North Carolina-based firm outbid Austin restaurant Steiner Steakhouse, which bid $6.45 million. The…

In mid-March when the novel coronavirus was declared a pandemic, there was uncertainty about what the future would look like. Shoppers wondered what else would run out if they couldn’t even get toilet paper. So, many decided to stock up. Shoppers realized they’d risk exposure if they visited a grocery store. Suddenly they were looking…

Angry Crab Shack didn’t waste its quarantine. The 12-unit seafood chain instead used that time to upgrade its menu, packaging, training program and more. Sloane Emden was employed as the general manager of an Angry Crab Shack in Phoenix when the coronavirus shut down his restaurant. Emden spent years working in restaurant kitchens, advancing from…

Fast-growing food delivery company Chowbus raised $33 million in a Series A funding round, the company announced. The funding was led by venture capital firms Altos Ventures, based in Silicon Valley, and Left Lane Capital, based in New York City. Other contributors were Hyde Park Angels, Fika Ventures, FJ Labs and Silicon Valley Bank. Founded…

The quirky, oft maligned “quick response” barcodes have found a niche in restaurants amid the coronavirus, when social distance is the name of the game and human contact is best kept to a minimum. Operators are placing the codes at the hostess stand, on table tents or outside the door, allowing guests to scan them with…

When restaurants were forced to close dine-in operations at the start of the coronavirus crisis, a number converted their spaces into grocery stores. Since supermarkets were deemed essential businesses, a storefront selling food and other staples for housebound consumers fell under the same umbrella. In the beginning, most operators offered a limited selection of produce, meat,…

Startup restaurant matchmaker Franklin Junction finds restaurants with spare kitchen space, and marries them with brands that want to expand their delivery-only reach. Ruby Tuesday, which has permanently closed several restaurants in recent months, has found a new way to generate revenue during the pandemic: sell hot dogs from Nathan’s Famous. Dozens of Ruby Tuesday restaurants…

Sales of plant-based meat alternatives increased by 23% when merchandised in the meat department at grocery stores, according to new research from the Plant Based Foods Association and the Kroger Co. The placement of plant-based proteins was tested during a 12-week period prior to the coronavirus pandemic at 60 stores in Colorado, Indiana and Illinois.…

The 100+-location, Annapolis, Md.-based regional pizza franchise Ledo Pizza has announced Will Robinson as the company’s first chief marketing officer. With 12 years of experience as Ledo Pizza’s vice president of restaurant marketing, Robinson was promoted to CMO where he will oversee the company’s sales and marketing budget and technology, manage franchise partners and third-party…