You Searched For "restaurant owners" and got 20 results
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1 min read
The 91-year-old owner of the iconic Hollywood Arby's has closed the restaurant after 55 years due to the pandemic and California's $20 minimum wage
Since the Arby's restaurant opened in January 1969, it had only had one owner: Marilyn Leviton, now…
Grace Dean
1 min read
One private-equity firm controls more than a dozen of the biggest restaurant chains
From Subway to Arby's to Dunkin', Roark Capital Group owns almost 20 major US restaurant chains.
Alex Bitter
2 mins read
A Chick-fil-A in Louisiana is doing a $35 'summer camp' where kids see what it's like to work at the restaurant
The Chick-fil-A location is one of several that host the three-hour events where kids age 5 to 12 g…
Dominick Reuter
2 mins read
Red Lobster's owner once said the business left such a 'big scar' on him that he had to 'stop eating lobster'
Red Lobster's executive offices were left empty after a consultant told Thai Union CEO Thiraphong C…
Kwan Wei Kevin Tan
2 mins read
Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.
Red Lobster's new CEO questioned the company's purchasing processes, including from its owner and s…
Meghan Morris
3 mins read
A California restaurant owner says he'll 'absolutely' have to put up wages to compete with fast-food chains now paying $20 an hour
"Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's," California res…
Grace Dean
2 mins read
NYC condo owner accused Burger King of turning neighborhood into 'drug haven.' Locals say it's beyond the restaurant.
A New Yorker filed a $15 million dollar lawsuit against Burger King, claiming a NYC store allowed a…
Katie Balevic
6 mins read
Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars
Fast-food prices are climbing, and chain restaurants like Chili's are coming for fast-food giants w…
Erin McDowell
4 mins read
Restaurants in Delhi-NCR face the heat as summer business drops by up to 40 per cent
When the sun beats down, temperatures cross 40 degrees Celsius and a scorching summer seems even mo…
PTI
3 mins read
Here are the restaurants that raised menu prices in California, from Chick-fil-A to McDonald's
California restaurant owners have upped menu prices since a new pay law took effect earlier this ye…
Alex Bitter
2 mins read
Chinese shoppers are so obsessed with LVMH that some people asked the CEO to bless their babies
Bernard Arnault's last visit to China drew large crowds, even as the Chinese luxury market dips.
Shubhangi Goel
2 mins read
Chili's, Applebee's, and other casual dining chains are having a moment
Discounts are making restaurants like Applebee's and Chili's as affordable as fast food chains like…
Alex Bitter
2 mins read
McDonald's is reclaiming all its Israeli restaurants, exposing the cracks in its global-franchise model
After McDonald's Israel franchisee gave free meals to IDF soldiers fighting in Gaza, the corporatio…
Joshua Zitser
3 mins read
Here are 5 ways fast-food restaurants in California are cutting costs to cover the new minimum wage
California fast-food franchisees say they're desperate to find ways to remain profitable and offset…
Grace Dean
6 mins read
The luxury conglomerate behind Cartier is beating LVMH at its own game
Richemont is having a moment. The Swiss conglomerate is beating LVMH at its own luxury game thanks …
Madeline Berg
3 mins read
Fast-food restaurants in California are laying off workers to prepare for the $20 minimum wage hike
Two Pizza Hut franchisees in California are among those who are laying off workers, federal WARN fi…
Grace Dean
2 mins read
A restaurant owner claims a job candidate stole money from the tip jar while they were waiting to be interviewed
A restaurant owner in Virginia told BI that a job candidate stuck their hand in the tip jar and sto…
Grace Dean
3 mins read
IHOP-Applebee's combo restaurants could be coming, but history shows making them work could be tough
Combination restaurants like Taco Bell-Pizza Huts haven't traditionally been a big success. That's …
Alex Bitter
2 mins read
Burger King's owner is buying the chain's largest franchisee for $1 billion. It plans to flip 600 restaurants and sell them to 'motivated' operators.
RBI will remodel roughly 600 restaurants and put them "back into the hands of motivated, local fran…
Nancy Luna
2 mins read
Olive Garden's owner says lower-income customers are cutting back while richer diners are eating out more
Darden Restaurants' CEO said that sales from lower-income customers were "much lower" than at the s…