Jersey Mike’s has a new majority owner. Blackstone, the private-equity firm that earlier this year acquired Tropical Smoothie, has taken a majority stake in the sandwich chain at a reported valuation of $8 billion.
McDonald’s may have found a solution to its infamously broken ice cream machines, but now the chain has an issue with its espresso machine. The company confirmed Tuesday that its supplier Melitta has decommissioned the machines because of a potential safety risk.
Wendy’s is getting a new CFO. The fast-food chain named Kenneth Cook its new chief financial officer. Cook comes to the company from UPS, where he held numerous financial roles.
Pizza Hut is selling its own branded wine. The Yum Brands-owned pizza chain partnered with a Kansas winery to produce a basil-infused tomato wine that is said to pair perfectly with…you guessed it, a Pizza Hut pizza.
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