Taco Bell is facing a long, long month as it grapples with a tortilla shortage.
Business and Finance
It happens in every growth business at some point: The realization that what got you here won’t get you to the next phase of the business.
If you’re a fan of KFC’s hilarious and sometimes controversial ad campaigns, meet Global CMO Catherine Tan-Gillespie and read her thoughts on creativity.
It was the Pride Parade in Chicago yesterday, and the fashions were only part of the scene. Kicking off the annual journey down Halsted Street, the heart of Chicago’s Boystown and LGBTQ community, was Grand Marshall Lori Lightfoot making history as the city’s first openly gay mayor.
A master franchise agreement with Xponential Fitness will bring Club Pilates, Pure Barre, CycleBar, YogaSix and AKT studios to Saudi Arabia, where women-only gyms have been gaining popularity since the government began licensing them in 2017 as part of Crown Prince Mohammed Bin Salman’s Vision 2030 plan.
Two key words are behind FAT Brands’ acquisition of Elevation Burger—geography and organic—but a third word, financing, is proving costly and difficult to obtain.
At this point, the franchise industry is used to some brand-on-brand ribbing. We watch with bated breath for the next clapback from Arby’s or Wendy’s on Twitter. Cheba Hut, however, spared the niceties and the corporate speak.
The National Owners Association, the McDonald’s franchisees who famously formed last fall the first independent group to address what they see as corporate missteps, explained why it has “elected to not pursue legal action” against the brand, according to a missive from its board to members sent yesterday.
Business partners Franseda Natalio, William Siawira and Erwin Sujono, under the auspices of Yogurtland Indonesia Global Mandiri, inked a deal to open at least 10 stores in the Southeast Asian nation over the next three years.
Data is everything for restaurants trying to make sense of third-party delivery, among other off-premises channels. In its latest survey of 515 delivery customers, Wells Fargo Senior Analyst Jon Tower and Associate Analyst William Miller found that pro…