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From acqui-hire to vaporware: The new restaurant tech ABCs

Restaurant Business

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.

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Olo to be sold to an investment firm in $2B deal

Restaurant Business

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. Experts say it’s long overdue, but some restaurants are wary of consolidation. Trending Operations Week in Review: McDonald’s new burger, Luckin’s U.S.

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Panera Bread brings in a transformation strategist to aid its turnaround

Restaurant Business

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. Fast-casual Panera Bread has been going through significant change over the past two years, with multiple board and leadership changes. Photo: Shutterstock.

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RATIONAL’s iCareSystem AutoDose helps you keep your oven clean without the extra effort

Restaurant Business

Immigrants Exclusive Content Premium Technology From acqui-hire to vaporware: The new restaurant tech ABCs Tech Check: These six terms are popping up more often in industry conversations, providing a glimpse at the next wave of trends.

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Former Red Robin CEO G.J. Hart joins food-and-games investment company Emerging

Restaurant Business

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. brings unmatched expertise and a proven track record of leadership across some of the most well-known brands in the restaurant industry,” said Focht, in a statement.

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Wendy's CEO Kirk Tanner resigns

Restaurant Business

The move comes just about 18 months after Tanner, a former executive with PepsiCo, was hired to lead the 7,000-unit chain. Wendy’s named Ken Cook interim CEO. The Dublin, Ohio-based chain named CFO Ken Cook interim chief executive while the company searches for a permanent replacement. Tanner’s departure will be effective July 18.

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How this entrepreneur's bagel runs became a business

Restaurant Business

The first three hires were software engineers that helped create a proprietary tech stack for the bagel shops. “In With Wetherill came infrastructure that Jeff and Danielle previously couldn’t afford: a team, the small family office, a designer and attorney. In 2023, we were the most sophisticated two-store bagel shop,” Jeff joked.