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Log In / Register | Jul 24, 2016

Restaurants Serve Cheaper Beef, Americans Are Loving It

Kentucky cow
Photo by D. Sniegowski

Burger and beef serving restaurants are discounting something fierce thanks to lower beef costs.

Can a Faster, More Upscale Pizza Hut Stop the Hemorrhaging?

Americans are buying pizzas like never before, but unfortunately, Yum Brands' Pizza Hut "is getting a shrinking slice of the pie." Its competitors Domino's, Papa Murphy's and Papa John's have been hungrily nibbling at its sales from two angles – mainly mobile and some fast-casual.

Consumer Groups Hit McDonald’s with EU Antitrust Complaint

OAKBROOK, Illinois - A coalition of Italian consumer organizations, supported by the Service Employees International Union and European trade unions, announced yesterday it has lodged a formal antitrust complaint with the European Commission, alleging McDonald's abuses its dominant fast-food market position on the continent, distorting competition and harming both franchisees and consumers.

Jamba Forced to Downsize Credit, Uses Franchisee Ad Funds as Collateral

Jamba Juice Kaneohe, Oahu, HIEMERYVILLE, Calif.—On the last day of 2015, smoothie chain Jamba Inc. (NASDAQ:JMBA) announced it had filed a Form 8-K with the Securities & Exchange Commission, reporting that Wells Fargo has reduced the franchisor's revolving line of credit from $15 million down to $10 million.

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.

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.

Popeyes Louisiana Kitchen CEO Talks Chicken Flu and Franchisees

"There is no avian flu in the broiler flock, which is the flock of chicken that we use for protein in our restaurants," says Popeyes Louisiana Kitchen's CEO Cheryl Bachelder to CNBC's Jim Cramer, host of the investment show Mad Money.

Ex-Smashburger CEO Lawsuit Dismissed, Hardly Over

DOVER, Del. - After the former Smashburger CEO filed a lawsuit last July against the chain and owners Consumer Capital Partners for deceptively cheating him out of millions of dollars in stock, a Delaware court granted Smashburger's motion to dismiss the lawsuit last December.

If Chains Are Growing, Why Does Everyone Talk about Independents?

I recently attended an excellent conference in Hamburg, Germany put on by Gretel Weiss, the publisher of FoodService Europe & Middle East magazine. The crowd there was fantastic. There are great sponsors and there is always great content.  One of the presenters waxed eloquent about the dynamic and creative foodservice developments in lower Manhattan and Brooklyn, saying that these things were on their way across the US and to Europe.