Across-the-board inflation — including food costs, labor costs, and real estate costs — is pummeling restaurants. Can the industry survive?
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McDonald’s announced that its $5 summer meal deal, which was only supposed to last through June, will now be extended into December.
For Starbucks chief Laxman Narasimhan, the daily grind is over. The embattled coffee chain named Chipotle CEO Brian Niccol his successor.
‘What’s more concerning is that people are just waiting and doing nothing’
‘At the end of the day, wherever that data is, it has to be protected’
Though small compared to each company’s total workforces, work stoppages have set uncomfortable precedents for management.