Frisch’s Big Boy has found an 11th-hour savior. Several longtime executives say they’ve acquired what remains of the shrinking family dining chain, including any future development rights.
Why is Baja Fresh not Chipotle? In 2002, the former burrito chain was larger than the latter, with stronger average unit volumes and more total sales. That year, it was sold to Wendy’s for $275 million. The wheels fell off almost immediately. The story of what happened during those years offers lessons for those looking at investing in emerging chains
California voters don’t want another wage hike. After a 2-week validation process, state officials have finally ratified the public’s “no” vote on raising the minimum pay of most hourly workers in the state to $18 an hour.
Chipotle has hit its 1,000th Chipotlane milestone, opening this week in the Kansas City market. The model was first introduced in 2018 to support digital orders and now represents nearly 30% of the chain’s than 3,600-unit domestic system.
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