Development
- Development
- The Editors
On March 18, 2015, Starbucks Corporation kicked off its annual shareholder meeting with company leaders outlining key strategies the coffee giant is deploying to reach a targeted market cap of $100 billion.
- Development
- The Editors
Restaurant companies expanding their enterprises include Red Robin's Burger Works, The Melting Pot and McAlisters. And mergers and acquisitions heat up with Ovation Brands exploring a possible sale, American Restaurant Holdings buying two fast-casual California concepts and Del Taco and Levy Acquisition Corp. taking the next steps in their deal.
- Development
- The Editors
Virgin Hotels Chicago, located in the landmark Old Dearborn Bank Building, has opened the doors to its newest restaurant, Miss Ricky's, a fresh take on the American diner with a touch of British cheekiness.
- Development
- Dana Tanyeri
Planet Hollywood, whose casual theme celebrates the entertainment industry, is transforming its Orlando flagship location into a four-story stargazing observatory.
- Development
- Dana Tanyeri
Fiesta Restaurant Group once operated as a division of Carrols Restaurant Group, the nation’s largest Burger King franchisee. But in early 2012, Carrols’ board of directors concluded the two entities were worth more separately and in May of that year spun Fiesta — parent to fast-casual brands Pollo Tropical and Taco Cabana — off as a standalone public entity.
- Development
- Caroline Perkins
When competition stiffens or the economy weakens, restaurant chains face the challenge of finding new, creative ways to pursue expansion. These days, competition is fierce, and the economy, while on the road to recovery, has dealt foodservice a heavy blow. Creating new formats that can take chains into nontraditional locations represents a growing strategy employed by more and more concepts.
