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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 3
Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

Workforce

First Watch may have hit on a major way of reducing last-minute shift cancellations

The daytime dining chain has added backup child and elderly care as an employee benefit. Workers pay as little as $10 a day for the service.

Workforce

Restaurants and bars add 28,300 jobs in March

The addition matches the job creation figure for February, but marks a turnaround from the decreased employment registered in January, according to government data.

Food

Avian flu has been found in more animals and a human, prompting calls for diligence

Authorities say the contamination has spread to the nation's largest egg producer and a 12th dairy herd, but the impact on prices has yet to be seen.

Workforce

Tired of soaring wage rates, a Florida burger joint is turning its employees into co-owners

Jaws Jumbo Burgers plans to sell 30% of future units to the staffs who'll run them.

Marketing

Jersey Mike's annual Month of Giving generates $25M for charities

The record intake in March surpassed the sub sandwich chain's previous high mark by 19%.

Financing

Despite last week's reduction offer, Mastercard is increasing some credit-card fees

A business group learned the financial giant intends to increase what it collects from associated banks, signaling a possible bump in what merchants are charged. But Mastercard stresses that the changes are unrelated to swipe fees.

Operations

Want to speed service? Start with your menu

New research shows that guests spend an average of nine minutes plowing through a menu because the array is typically so extensive. But they also want comprehensive descriptions of dishes and prefer a conventional bill of fare over QR menus.

Beverage

The saga behind the illegal Jell-O shot

Restaurant Rewind: The ban in place within some jurisdictions is a telling example of how the rules governing alcohol sales may no longer make sense. Grab a stein of mead and give a listen.

Financing

Restaurants have good reasons for not turning cartwheels over the credit-card deal

Working Lunch: The offer from MasterCard and Visa doesn't look so good when you dive into the details.

Workforce

Labor strife is still high as California's landmark fast-food wage law takes effect

With all the last-minute sniping by members, the next meeting of the Fast Food Council promises to be a doozy.

Food

Panera decides its DNA is really soups, sandwiches and salads

The bakery-cafe chain is rolling out a new menu that plays up core menu lines rather than searching for a new breakthrough menu category.

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