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Category: Restaurants


News, Restaurants

Insurers propose pandemic assistance plan

May 29, 2020

Via: Restaurant Dive

Property and casualty insurers have devised a non-insurance-based proposal to cover lost business income in a future pandemic, but that won’t help businesses that have been staggered financially beacuse of COVID-19, nor is it clear Congress will get behind what […]


Restaurants

Starbucks seeks rent relief for a full year

May 14, 2020

Via: Restaurant Dive

With about 15,000 U.S. locations, Starbucks has a lot of rent to cover. And with sales down due to nationwide lockdowns —​ the company estimated the COVID-19 impact to be approximately $915 million due to temporary closures and restrictions — […]


Restaurants

McDonald’s gives 10% bonus to employees working in company-owned stores

May 6, 2020

Via: Restaurant Dive

McDonald’s isn’t the first major restaurant to increase pay during the pandemic, although the announcement comes as the chain continues to receive pushback for some of its labor policies, as well as its generous exit package for former CEO Steve […]


Restaurants

Restaurants call on insurers to pay business interruption claims

May 5, 2020

Via: Restaurant Dive

Restaurant owners are battling insurers over the payment of business interruption claims as a result of COVID-19, but it will likely be years before courts settle the issue. Meanwhile, insurance groups are pressing the federal government to declare stay-at-home mandates […]


Restaurants

Starbucks to offer $10M relief to global partners

April 9, 2020

Via: Restaurant Dive

Restaurants are facing as much as a 27.1% loss of sales, causing many brands to furlough or permanently lay off much of their staff. For brands with larger retail footprints and a more established presence, the option to provide financial […]


Restaurants

States push legislation to protect restaurants with business interruption insurance

April 7, 2020

Via: Restaurant Dive

Even restaurants with comprehensive business interruption policies are struggling to receive payments after closing their doors due to state and municipal COVID-19 mandates. The Oceana Grill, a popular tourist destination in New Orleans, Louisiana, is currently suing Lloyd’s of London […]


News, Restaurants

Luckin Coffee admits fraud, begins internal investigation

April 3, 2020

Via: Restaurant Dive

Luckin Coffee has been making a splash in the news for its meteoric growth, but its success appears to have been artificially inflated by members of the company who engaged in processing fake transactions. Two months ago, a Muddy Waters […]


Restaurants

McDonald’s rolls out wellness checks, will test employee temperatures

April 2, 2020

Via: Restaurant Dive

It will take a few weeks for McDonald’s to distribute thermometers to its entire U.S. system, and the chain is also gathering masks for employees that work in markets that have significant COVID-19 outbreaks, Tovar told Business Insider. He also […]


News, Restaurants

McDonald’s reportedly pushed against sick leave provision in coronavirus package

March 19, 2020

Via: Restaurant Dive

With 95% of the McDonald’s restaurants being franchised, mandatory two-week paid sick leave would put an extra financial burden on operators as the effects of COVID-19 eat away at the margins of restaurants big and small. Last week, McDonald’s announced […]


News, Restaurants

Union Square Hospitality Group lays off 80% of staff over coronavirus closures

March 19, 2020

Via: Restaurant Dive

These layoffs are only be the beginning of the novel coronavirus’ tremendous blow to the restaurant industry, which has hit small and independent operators especially hard. Without federal assistance, the National Restaurant Association anticipates $225 billion in losses over three […]