Restaurant News | Restaurant Dive
WEBSwipes at fast food competitors over rising prices, including through a retro video game, helped boost Chili’s same-stores sales by 14%. Marketing. More stories. Restaurant Dive has the latest news in the restaurant industry, covering topics like consumer trends, technology, marketing and branding, operations, mergers & acquisitions, and more.
KFC franchisee closes around 25 restaurants in the Midwest: reports
WEBAug 23, 2024 · EYM Chicken, a subsidiary of major fast-food franchisee EYM, has closed around 25 KFC restaurants in the Midwest, according to media reports. Closures were first reported earlier this week by WMBD, a Peoria, Illinois-based television station. Other local media outlets confirmed reports of closures with photographs of shuttered restaurants, …
Pizza Hut franchisee declares bankruptcy - Restaurant Dive
WEBJul 23, 2024 · Pizza Hut franchisee EYM Pizza filed for Chapter 11 bankruptcy protection on Monday, according to court records from the U.S. Bankruptcy Court for the Eastern District of Texas. The operator listed Manufacturers Bank and Pizza Hut as its top unsecured creditors with respective claims of over $21 million and $2.2 million.
How bad is restaurant inflation? Here’s what the data shows.
WEBNov 3, 2022 · Visits to full-service restaurants were down 18.2% during the last week of September compared to the same week in 2019, and down 6% in 2021, according to Placer.ai data emailed to Restaurant Dive. Comparatively, QSR and fast food chains saw visits decline 7.1% that same week compared to 2019, but increase 0.7% compared to …
Waitr grows footprint with $321M Bite Squad acquisition
WEBDec 13, 2018 · Dive Brief: Less than a month since merging with restaurateur Tilman Fertitta’s holding company, Waitr announced it will buy food delivery service Bite Squad for $321.3 million.; The move will expand Waitr’s 235-city footprint to include a total of 500 cities in 22 states. To pay for the deal, Waitr also agreed to a $42.1 million debt …
Why Chipotlanes are Chipotle’s future | Restaurant Dive
WEBNov 21, 2022 · It is also targeting 255 to 285 restaurant openings in 2023, and 80% of new restaurants in 2022 and 2023 will feature Chipotlanes. This channel, which generates roughly 15% higher sales than a traditional Chipotle restaurant, led to a shift in real estate, construction and labor strategy, Zalotrawala said. “Our priority for development will ...
Waitr goes public following acquisition by Landcadia
WEBNov 19, 2018 · After announcing the merger in May, Tilman Fertitta’s Landcadia Holdings officially bought delivery service Waitr for $308 million and started trading under the ticker symbol “WTRH” on Friday, the companies announced in a release. Landcadia, which was already public, will now operate as Waitr Holdings. Waitr founder and CEO Chris Meaux ...
What we know about McDonald’s new small-format brand, CosMc
WEBJul 28, 2023 · Dive Brief: McDonald’s is developing a new, small-format restaurant concept called CosMc that it will test at a small number of locations in early 2024, CEO Chris Kempczinski said on the company’s Q2 earnings call Thursday. CosMc will have “all the DNA of McDonald’s but its own unique personality,” Kempczinski said.
New Uber feature allows users to pick up restaurant orders during …
WEBApr 29, 2021 · Uber announced Wednesday it is adding a Pickup and Go feature to its app that allows rides passengers to order and pick up meals and groceries while en route to their destination. The platform will also allow users to pre-order when a store or restaurant is closed, as well as create multiple orders from different stores and restaurants at the ...
Biscuitville to open first drive-thru-only unit in North Carolina
WEBMay 23, 2023 · Biscuitville, a roughly 70-unit chain that operates in North Carolina, South Carolina and Virginia, will open its first drive-thru-only location in North Carolina on May 30, the company wrote in an email to Restaurant Dive. The unit, Biscuitville Express, will offer a walk-up window and a single-lane drive-thru.
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