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Log In / Register | Jun 26, 2017

Wendy’s CEO to Retire

Passing the leadership baton
Passing the baton; photo by TableAtny

DUBLIN, Ohio—The Wendy's Company (NASDAQ:WEN) announced that its president and chief executive officer Emil Brolick, age 67, will retire from management duties in May 2016. In accordance with the company's succession plan, Brolick will be succeeded by current chief financial officer Todd Penegor, age 50.

Publicly Traded Restaurant Franchisors Live on Same-Store Sales but Franchisees Live on Store Free Cash Flow

The difficult nature of the restaurant franchise business life is about to hit again: Wendy's has rolled out a $4 combo meal of small bacon burger, 4 chicken nuggets, a drink and french fries.

Jamba Juice CEO White to Leave

James D. White. Photo:Jamba

EMERYVILLE, Calif.—Juice store franchisor Jamba Inc. (NASDAQ:JMBA) announced Thursday that 54-year-old James D. White, who is the company's chairman, CEO and president, will be leaving the company.

Taco Bell Tests Fast Casual

New Taco Bell Cantina restaurant in Wicker Park, Chicago, Illinois.

IRVINE, Calif.—Taco Bell is testing the waters of fast casual with a prototype it calls Taco Bell Cantina. The new concept will open in Chicago on September 22 and another will open in San Francisco this month. The open kitchen concept will serve alcohol, not have a drive-thru and aims to push digital technology in the ordering process.

Subway CEO DeLuca Dies of Cancer

Fred DeLuca
Fred DeLuca in 2011 in a Subway shop. Photo:mynewsdesk, Wikipedia

MILFORD, Conn.—Subway announced this morning that its founder, Frederick A. DeLuca, passed away last night. "Fred DeLuca, Subway co-founder and CEO, passed away peacefully at his home, surrounded by his family," wrote company spokesperson Michelle DiNello in a notice this morning to the many franchisees in the chain, Subway employees and vendors.

Subway's Face Lift: Fixing Franchisor Flexibility

By now news of Subway's version 2.0—it’s hoped for rebirth and revival-- are available via the New York Post’s Monday piece. Insiders in the restaurant industry knew it was inevitable.

McDonald's to Eliminate Stores & Jobs

If you haven’t heard, McDonald’s hasn’t been doing all that well. They haven’t been doing all that well for some time now, and the company is going to close more U.S. restaurants this year than they open, something that hasn’t happened in 45 years!

Warren Buffett Copying 'Subway-Type' Sandwiches in His DQ Brand

Some insiders are questioning if legendary investor and billionaire Warren Buffet has copied Subway's oven-toasted sandwiches in launching his Dairy Queen brand's latest national advertising campaign. The new ads are scheduled for September.