Food & Beverage News
Chipotle Employees Can Now Earn an Extra Month of Pay
As chief restaurant officer Scott Boatwright recently shared with QSR, Chipotle understands the value of retention all too well. Just last year alone, the company promoted 13,689 people at all levels. Its rate of internal promotion was 79 percent. Chipotle employed more than 73,000 people in 2018, including roughly 67,900 at the hourly level. But…
Read MoreThe Sky is Falling for Fast Food, but not for Chick-fil-A
Through the diligent efforts of those billboard cows with their poor penmanship and dubious spelling skills, Chick-fil-A has moved up the ranks from the seventh-largest restaurant chain in the United States to become the third. The chicken sandwich giant blew past Wendy’s, Burger King, Taco Bell and Subway on its ascent, with $10.46 billion in…
Read MoreEverything you Need to Know About the Booming Business of Fighting Food Waste
The label on a bottle of the cold-pressed juice Wtrmln Wtr doesn’t mention food waste. But the problem was the inspiration for the company, which launched six years ago. When the founders learned that hundreds of millions of pounds of watermelon stayed in fields to rot because the fruit was judged too unattractive for sale…
Read MoreArby’s is Making Carrots out of Meat. Yes Meat!
“I’m so excited. You’re the first person I’ve talked to about this,” says Arby’s chief marketing officer, Jim Taylor. “I’ve been working behind the scenes for three months.” In this moment, I cannot possibly anticipate what Taylor, who leads menu development at Arby’s, is going to tell me next. “People love meat already. What Americans…
Read MoreDenny’s Opens in Northern Triangle of Central America
Denny’s Corporation, one of the world’s largest full-service family dining chains, announced the opening of the eighth Denny’s restaurant by franchisee Grupo Comidas in the Northern Triangle of Central America comprised of the countries of El Salvador, Guatemala, and Honduras. Grupo Comidas has established a strong presence of Denny’s restaurants since becoming a franchisee in…
Read MoreFour Corners Property Trust Buys Red Lobster Properties for $25.9M
Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of six Red Lobster restaurant properties in Delaware, Indiana, Kentucky, Minnesota, Mississippi, and North Dakota for $25.9 million. The six newly acquired properties are under a single, triple-net master lease, which includes two other…
Read MoreCheesecake Factory vet joins Stonefire Grill as EVP
Stonefire Grill has named former Cheesecake Factory executive Scott Thomas as EVP, according to a company press release. “Bringing Scott to Stonefire Grill was an important strategic decision for us as we continue growing the brand throughout Southern California and beyond,” said Justin Lopez, Stonefire Grill CEO. “His experience, insights and vision are invaluable and we’re…
Read MoreApprenticeships Prove a Bright Spot in the Struggle to Secure Restaurant Managers
The industry’s struggle to meet the demand for future restaurant managers hasn’t exactly been a tale of triumph and delight. But one component is emerging as a model system for cultivating the next generation of leaders, with benefits that go beyond enlarging the pool of candidates. And the only limitation may be a lack of…
Read MoreMixing Tech Improves Sanitation
Sanitation will always be top-of-mind for bakers to ensure the food coming out of their facilities is safe. Although most batter-based products go through a kill step, bakers must still keep the mixer as sanitary as possible. It’s reassuring to have all bases covered, especially for aerated products that don’t travel through the oven. “What is…
Read MoreJack in the Box Exploring Sale
Jack in the Box Inc. said it is exploring a range of financial strategies to maximize shareholder value, including a possible sale of the San Diego-based burger company. In a brief regulatory filing, Jack in the Box said it “has had discussions with potential buyers; however, it noted that there can be no assurance that…
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