McDonald’s Corp. has realigned some management roles following the surprising announcement that Tim Fenton will step down as chief operating officer, effective Oct. 1, 2014. Fenton, 56, who has worked with McDonald’s for 41 years, said he needed to step aside due to chronic asthma.
“I simply cannot continue to meet the global travel demands [...]
Burger, chicken, bakery and other quick-serve and fast-casual chains had better factor Dunkin’ Donuts into their competitive analyses because Dunkin’s coming for them.
Its Bakery Sandwiches line gave Dunkin’ Donuts a stronger midday presence.
In its quarterly call with analysts this week, the doughnuts-and-coffee chain made clear it’s no longer just a major morning [...]
Darden Restaurants today announced decreased comp sales for its largest brands and its intention to at least spin off, if not sell, the $2.6 billion Red Lobster concept. The decision reflects the challenging sales environment affecting all restaurant categories. But in particular it results from Red Lobster’s inability to attract and retain higher-income and younger [...]
The burger category continually remakes itself. New concepts are created. One-offs morph into multi-unit endeavors. Small chains spread out and away from their home markets. New names become familiar brands. Below are 14 concepts that are on the move. These are concepts that might not be well known yet—just as BurgerFi, Burger 21, Big Smoke, [...]
Luby’s Inc. concedes that—initially, at least—its absorption of the Cheeseburger in Paradise brand it acquired in December is being more difficult than expected. Speaking to analysts today about results for its fiscal third quarter, ended May 8, 2013, President-CEO Christopher Pappas addressed a 13% decline in Cheeseburger in Paradise (CiP) sales compared with the year-earlier [...]