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.
While the strategies can be seen as the next logical step in crypto investing, some are calling them a step into speculative waters.
Shein and Temu have been able to keep the costs on their platforms alarmingly low, but there’s been a hidden political cost racking up.