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Financing

Endless Shrimp becomes pivotal issue in Red Lobster bankruptcy

 By Joe Guszkowski on May 21, 2024

The chain’s CEO alleged that the promotion may have pushed more shrimp business to its largest shareholder at Red Lobster’s expense, setting the stage for a messy Chapter 11 proceeding.

Technology

Dynamic pricing a divisive subject at National Restaurant Show

 By Joe Guszkowski on May 20, 2024

With the Wendy's debacle still fresh in operators' minds, some are firmly opposed to demand-based menu pricing. Others say its time has come.

Financing

Struggling Red Lobster declares bankruptcy

By Jonathan Maze on May 20, 2024

The casual-dining seafood chain, with $300 million in debt, filed for Chapter 11 bankruptcy protection in one of the biggest filings in restaurant industry history.

Leadership

The Restaurant Show has come a long, long way on diversity

By Peter Romeo on May 20, 2024

Reality Check: You wouldn't believe what passed for acceptable in earlier iterations.

Food

Chefs from McDonald's, Cava, Del Taco and more honored with 2024 MenuMasters awards

By Patricia Cobe on May 20, 2024

The annual event recognized menu innovation at five restaurant chains, plus Chef Nancy Silverton’s induction into the MenuMasters Hall of Fame.

Financing

The Red Lobster bankruptcy is a seminal moment for the restaurant business

By Jonathan Maze on May 20, 2024

The Bottom Line: The seafood chain’s bankruptcy declaration was not surprising after months of closures and Endless Shrimp recriminations. But that doesn’t make it any less notable.

Operations

Why José Andrés believes restaurants are anchors of hope

By Lisa Jennings on May 20, 2024

The restaurant industry is very powerful—if it can embrace the power of food as an agent of change, Jose Andres said at the National Restaurant Show on Monday.

Workforce

Ohio restaurants try a jujitsu move to protect their tip credit

By Peter Romeo on May 20, 2024

The industry and its allies are pushing legislation that would raise the state's minimum wage to $15 but keep the credit. The move is intended to thwart an effort to both raise the wage and kill the credit through a ballot initiative.

Operations

Flynn Group makes another international acquisition

By Lisa Jennings on May 20, 2024

Flynn Group LP has acquired Wendy's restaurants in New Zealand. The largest franchise operator in the world, Flynn already owns rights to develop the burger brand in Australia.

Operations

Day 3 at the National Restaurant Show: Cybersecurity, roller bags and the trouble with takeout

By Restaurant Business Staff on May 20, 2024

The Restaurant Business team continued to mine the Show floor for aha moments as the event hit its stride Monday.

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