Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot … Read more
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer. While McDonald’s has long been one of President Donald Trump‘s culinary favorites, the company has been … Read more
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Pizza Hut’s third-quarter revenue fell short of analysts’ expectations for same-store sales. Brandon Bell | Getty Images Yum Brands on Wednesday reported mixed quarterly results as Pizza Hut’s same-store sales dropped more than expected. Shares of the company fell less than 1% … Read more
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty Images Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion. The company announced Monday that it has signed a development agreement … Read more