Global Foodservice News
This Restaurant Just Launched 8 New Brands. Sales Boomed
When Dog Haus launched in 2010, its concept made a lot of sense…for the year 2010. Its mission was to elevate stadium food into a culinary masterwork, and it did so by selling dogs and sausages decorated with ingredients such as bacon, pastrami, caramelized onions, and arugula. The three founders, Hagop Giragossian, Quasim Riaz, and…
Read MoreThe Senate Overwhelmingly Passed Restaurant Relief Budget Resolution Amendment
The U.S. Senate overwhelmingly passed an amendment to the budget Thursday calling for direct relief to the restaurant industry in a 90-10 vote. The Restaurant Rescue Plan which was initially proposed in a bipartisan effort by Sen. Roger Wicker (R-Miss.) and Sen. Krysten Sinema (D-Ariz.), was based on the original RESTAURANTS Act that was put…
Read MoreBipartisan $120 Billion RESTAURANTS Act to Provide Long-Term Relief for Restaurants is Re-Introduced
Hours after the Senate voted overwhelmingly to pass an amendment to the proposed budget resolution to establish a dedicated restaurant relief fund, the $120 billion RESTAURANTS Act of 2021 was reintroduced to Congress Friday as a bipartisan, bicameral effort from Sens. Roger Wicker (R-Miss.) and Kyrsten Sinema (D-Ariz.), and Reps. Earl Blumenauer (D-Ore.) and Brian…
Read MoreChipotle has Raised Prices on its Delivery Menu by 13%
Chipotle Mexican Grill has raised menu prices for delivery an average of 13%, chain executives told analysts during a Q4 earnings call this week. The move is in response to the runaway success of the chain’s delivery channel, which has eaten into its margins in recent months. Chipotle has seen “modest resistance thus far” from…
Read MoreThe Senate Overwhelmingly Passed Restaurant Relief Budget Resolution Amendment
The U.S. Senate overwhelmingly passed an amendment to the budget Thursday calling for direct relief to the restaurant industry in a 90-10 vote. The Restaurant Rescue Plan which was initially proposed in a bipartisan effort by Sen. Roger Wicker (R-Miss.) and Sen. Krysten Sinema (D-Ariz.), was based on the original RESTAURANTS Act that was put…
Read MoreStarbucks COO Rosalind Brewer is Leaving the Company in February
Starbucks announced Tuesday the departure of its chief operating officer, Rosalind Brewer, at the end of February. Brewer will be taking up the helm as CEO of Walgreens, a role that will make her the only Black female chief executive of a Fortune 500 company. “Starbucks chief operating role responsibilities are being distributed to other members…
Read MoreThe Eatertainment Company has Completed its Financial Restructuring, Eliminating $705 Million of Debt
After filing for Chapter 11 bankruptcy in June 2020 and creating a plan of reorganization confirmed by the U.S. Bankruptcy Court on Dec. 15, Chuck E. Cheese parent company CEC Entertainment announced on Dec. 30 that the company completed its financial restructuring and emerged from Chapter 11 protection. The company emerged from bankruptcy with $705…
Read MoreLandry’s Reportedly Eyes Going Public with Fast Acquisition
Texas billionaire Tilman Fertitta is reportedly in talks to take his restaurant giant Landry’s Inc. and his Golden Nugget casino holdings public with Fast Acquisition Corp., though the special purpose acquisition had been looking for quick-service brands. Bloomberg, in a report last week citing “people with knowledge of the matter,” said Fast Acquisition, which was…
Read MoreWalk-On’s Looks to Open Up Restaurants in 2021
Fueled by a recent growth equity investment from 10 Point Capital, the brand is poised for long-term expansion as it seeks qualified franchise partners to join the Walk-On’s team. Despite the challenges to the industry brought on by the pandemic, Walk-On’s has been able to remain steadfast through its keen focus on growth and is…
Read MoreMcDonald’s is Selling Popular Menu Items for 35 Cents or Less during its ‘Throwback’ Thursdays Deal
With the promotion, every Thursday, customers can purchase one of their favorite menu items like cheeseburgers, shakes, and fries for under $0.35. The items are available at a fraction of their typical cost, with cheeseburgers and shakes typically clocking in between $2-3 per item. The Thursday prices harken back to McDonald’s original prices when it…
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