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Consumers are likely to leave the house less and cut back on restaurant visits amid mounting fears of a coronavirus pandemic.
Len Van Popering is leaving this month as global brand and innovation officer, and sandwich brand will eliminate position. Subway is downsizing its corporate executive team, confirming Thursday that it was getting rid of its chief brand and innovation officer position.
This year saw 34 mergers and acquisitions from large to small. Cheesecake factory acquired Fox Restaurant Concepts in one of the largest deals of the year but big brands like Jimmy John's and Del Frisco's were also acquired.
California on Jan. 1 will be banning latex gloves in restaurants and other foodservice locations, joining a growing number of states that are barring the products because of allergies.
With unemployment near record lows and minimum wage hikes going into effect in many jurisdictions, operators are under pressure to raise menu prices in order to remain profitable.
Coming off a second consecutive quarter of same-store sales declines for Applebee’s, parent Dine Brands Global has lowered its expectations for the chain’s top line performance during the remainder of 2019 and raised its forecast of how many units will close by year’s end.
KFC’s test of plant-based chicken was at just a single restaurant in August, and it only lasted about five hours, but the impact for the company was far bigger.
Domino’s Pizza recorded its lowest U.S. same-store sales figure in seven years in the third quarter as the Ann Arbor, Mich.-based pizza chain continues to feel the heat from growing third-party delivery players.