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Acqui-hire “To acquire a company in order to use its employees skills or knowledge, rather than for its products or services.” Starbucks’ deal with Empower Delivery fits the acqui-hire framework. Previously, Starbucks hired Empower CEO Meredith Sandland as its new chief store development officer under CEO Brian Niccol.
Revenue growth in 2024 was largely driven by menu price adjustments. Although concerns about customer sensitivity influenced pricing decisions, only 9 percent of restaurants did not change prices in 2024, down 19 percent from 2023, indicating a stronger shift towards strategic price increases. Labor costs continue to rise.
More than half (54 percent) of independent restaurant owners report making half as much or less than this same time last year, according to a report from Alignable with 51 percent saying customer spending is “much lower” than 2024. Tariffs, attracting new customers, and inflation top the list of concerns.
23, 2025 Photograph: RATIONAL Facebook Twitter LinkedIn Maintaining clean and hygienic equipment is one of the most important tasks in food service — and also one of the most despised. Most of all, it’s not nearly as much fun as preparing food and serving customers, the reason most people love working in food service.
per share for the online ordering and payment company just four years after Olo went public. per share for the online ordering and payment company just four years after Olo went public. Trending Operations Week in Review: McDonald’s new burger, Luckin’s U.S.
Smart fryers and ovens can automate food preparation and cooking, eliminating the need for numerous workers in the kitchen while still ensuring consistent quality and faster service. These expenses include money spent on recruiting, hiring, and training new staff, and lost productivity.
Signaling change to come, Panera Bread on Wednesday announced the hire of Nikka Copeland as the new senior vice president of the newly created office of transformation & strategy. By Lisa Jennings on Jun. 25, 2025 Facebook Twitter LinkedIn Panera CEO Paul Carbone is promising a three-year turnaround. Photo: Shutterstock.
Hart joins food-and-games investment company Emerging The Chicago-based company is behind Puttshack, F1 Arcade, Flight Club and the upcoming Poolhouse. The growth capital firm behind the food-and-games brands Puttshack, F1 Arcade and Flight Club has added more restaurant industry firepower to its leadership team. Photo: Shutterstock.
And fast-food customers Chef Jonathon Sawyer discusses his Chicago restaurant, Kindling, and his latest TV appearance Are we reaching peak chicken tender saturation on menus? It’s easy to score what’s marketed as a Dubai Chocolate Bar at specialty retail food stores; in New York City a 7-ounce bar sells for about $19. Sign up here.
In September 2024, the Lamastus Family Estates auction surpassed all expectations and received an incredible bid of US $13,518/kg for a honey processed Elida Aguacatillo Gesha. JAB hired bankers to attract new investors as it considers an IPO for the coffee and food to-go chain. The BoP auction will take place on 6 August.
While Roark continues to buy everything not tied to a post, its recent acquisitions have been kept separate from its two operating vehicles, including Cinnabon owner GoTo Foods. Brand collectors like MTY Food Group and Fat Brands have been quiet, amid concerns of valuations or financing issues.
Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Example: A diner I know hired two vets, claimed $4,800. Keep it reasonable.
The move comes just about 18 months after Tanner, a former executive with PepsiCo, was hired to lead the 7,000-unit chain. Since then, Wendy’s has dealt with an economy that has turned unfriendly to fast-food chains, particularly those that specialize in burgers. Wendy’s named Ken Cook interim CEO. By Jonathan Maze on Jul.
The first three hires were software engineers that helped create a proprietary tech stack for the bagel shops. “In Los Angeles has become a hotbed for bagel concepts like Courage Bagels, Hank’s Bagels, the Yeastie Boys food trucks, and more. In 2023, we were the most sophisticated two-store bagel shop,” Jeff joked.
The Atlanta-based company is hoping that more modern food and restaurants will help its brands break through with younger consumers. Last June, the 260-unit chain dropped “Restaurant and Bakery” in favor of the more streamlined Perkins American Food Co. That means you can now get boba at Perkins. By Joe Guszkowski on Jun.
On a calories-per-dollar spent basis, Chipotle is potentially a better value than many other chains, including fast-food chains that give customers drinks with their bundled meal orders. Continue to Site >>> Menu Does Chipotle have a structural problem? Check out this table.
Lille Allen Brands like Fly By Jing and Bachan’s are reaching a whole new audience from the shelves of the ultimate big-box store The last decade or so has been a golden era for cool food products sold directly to consumers online. It was just way too much for one person to deal with.” Walmart was going to allow us to reach those customers.”
Good Food Restaurant Scorecard. Despite skyrocketing demand for plant-based food across the U.S., 42 of the country’s favorite fast food and restaurant chains still don’t offer a plant-based entrée, according to a report released today by The Good Food Institute (GFI).
In 2020, the number of establishments in the food and beverage industry was estimated to be 23.1 You can give your customers 1 point for every $10 they spend at your restaurant (the price point depends on how much you're selling your food and beverages; just make sure to set an achievable price).
Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. A food seller's permit is also mandated if you plan on serving food.
effective March 31, 2024) introduced stricter encryption and anti-phishing measures. took effect on March 31, 2024, new measures like stronger encryption standards and anti-phishing protections were introduced. took effect on March 31, 2024, new measures like stronger encryption standards and anti-phishing protections were introduced.
During a recent visit to China, CEO Laxman Narasimhan reaffirmed the chain’s “large” ambitions in the Chinese market, and added that it plans to hire a further 30,000 staff members in the country over the next three years. Both will join the committee until the current two-year term comes to an end in 2024.
In fact, 45% of restaurant operators expect their competition to be much more intense in 2024 than last year. By analyzing the profitability and popularity of your menu items in depth, you can pinpoint exactly which food and beverages contribute to your restaurant's success and which ones you can eliminate.
2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. To give you the full picture of the positives and negatives of what lies ahead for 2024, we combed through dozens of recent industry reports and compiled a list of 93 restaurant industry statistics.
When the Autumn Budget landed, food and drink leaders warned ministers that the tax increase would cost the British Hospitality industry 3 billion and force businesses to reduce investments, cut jobs, and raise customer prices. Before we dive into the challenges of the Autumn Budget 2024, lets step back and look at the bigger picture.
Whether you run a quick-service spot, a full-service restaurant, a bar, or a food truck, each has unique needs for handling orders and managing workflows. The ability to go into the backend to add or edit food items and immediately see the changes on the app is wonderful. Cash Drawer (APG): $120.00 Card Reader (iDynamo 5): $165.00
Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Example: A diner I know hired two vets, claimed $4,800. Keep it reasonable.
Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Example: A diner I know hired two vets, claimed $4,800. Keep it reasonable.
Restaurants had difficulty hiring and retaining staff, which led to more interest in automating processes. Furthermore, digital tools for inventory and labor management became crucial for navigating supply chain disruptions and staffing challenges. as of December 2024, according to Homebase payroll data. Five times a day!
million in April, and the accommodations and food services sector accounted for the largest increases. A competitive hiring landscape. Restaurant labor costs are on the rise, adding additional stress to the bottom line, on top of supply chain issues and rising food costs. What’s driving the restaurant staffing shortage?
The last few years have been rough on the restaurant business, which has weathered supply chain issues, labor shortages, rising food costs, a pandemic, and cutthroat competition. 31% of American consumers use third-party food delivery services at least twice a week. Worldwide, this market is expected to reach $192.16
million in April, and the accommodations and food services sector accounted for the largest increases. A competitive hiring landscape. Restaurant labor costs are on the rise, adding additional stress to the bottom line, on top of supply chain issues and rising food costs. What’s driving the restaurant staffing shortage?
This 85+ item list of food service statistics results from meticulous combing through dozens of industry reports. OUR TOP 10 In 2022, 31% of restaurants cut the number of menu items on offer to deal with the inflation and rising food costs. IMARC Group , 2022) Global food ordering is expected to top $365 billion by 2030. (
A celebrity chef in Ireland and author, Moriarty will shape the group’s food program, and will assist in recruiting a dedicated executive chef. Becca McIntyre is the new vice president of supply chain and culinary for Beans & Brews Coffeehouse. In addition, Beans & Brews has hired Carrie Cohen as senior manager of digital marketing.
They touched on topics such as delivery, ghost (dark) kitchens, automation, plant-based menu items, food waste, sustainability, staffing and retention and more. The economic model makes more sense than traditional brick and mortar so many food businesses are moving in this direction. FAT Brands Chairman and CEO Andy Wiederhorn.
As economic pressures and fluctuating food costs persist, these technologies will be critical for maintaining profitability and ensuring long-term sustainability. Younger generations are increasingly favoring restaurants that prioritize sustainability… local sourcing, reducing food waste, energy efficient operations.
To observers on Wall Street, within the Federal Reserve, and inside the Democratic Party, 2024 was the year that inflation was tamed and GDP continued to grow, while consumer spending remained strong and unemployment low. Both were a surprise to many experts and seem to tell conflicting stories about the health of the U.S.
Editor’s note For the first time since December 2024, the C price has fallen below US $3/lb. However, with Brazilian producers predicted to have sold up to 90% of their 2024 harvest, the market’s direction hinges on whether the remaining crops are as plentiful as expected. lb over the next 15 months.
Nestlé pledges to support 7,500 coffee producers in the region to strengthen its supply chains. Developed in partnership with the Institute of Food Technology, ABICS’ new white paper focuses on assessing the quality of instant coffee using flavour attributes, as well as intensity of flavour.
One internal and one external hire will spotlight between ten and 15 global locations, including the chain’s farms in Costa Rica, as Starbucks seeks to engage with Gen Z. drop, while Arabica varieties gained modestly amid mixed supply and demand signals. He succeeds Claus Bertelsen to drive further growth in Denmark.
Brian van der Brug/Los Angeles Times via Getty Images President Trumps threats against undocumented immigrants put Americas entire food chain at risk Mauricio Lopez Martinez and Caroline Anders are living their dream. Targeting undocumented immigrants is now a government priority. Though the USCIS says it has made progress , there were 10.9
Thomas Barwick/Getty Images The recent termination of workers in New York and Boston highlights the vulnerability of restaurant employees without legal status In 2005, Fulton Fish Market, which supplies New York City with nearly half its seafood , left the Seaport for a new location in the South Bronx. By 2022, after a $194.6
Update: 3/18/2024: This story was originally published November 10, 2017. This month, the José Andrés-led nonprofit World Central Kitchen (WCK) became the first organization to successfully send aid to Gaza by ship when the Open Arms, carrying 200 tons of food, reached the area on March 15; WCK dispatched a second ship on Sunday, March 17.
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