June 13, 2024
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This week at Nation’s Restaurant News, the most-read story was about McDonald’s new Black and Positively Golden Change of Fashion, a program aimed at supporting Black fashion designers through mentorship, resources, and financial support with an objective of propelling their careers.
In other news, Chipotle shareholders approved a 50-to-1 stock split last week. With the vote, which came during the company’s annual meeting, Chipotle’s stock will begin trading on a post-split bases on June 26. To facilitate the split, shareholders also had to approve an increase in the number of authorized shares. With this approval, Chipotle’s stock split becomes one of the largest in New York Stock Exchange history.
From the ongoing annual Top 500 report, the top story this week was about unit closures and the rise of fast-casual restaurant chains pressuring full-service sales. Evidence of the pandemic’s lingering impact on the restaurant industry was perhaps most evident in the underperformance of the casual and midscale dining segments.
For all of these stories and more, including the latest unionization efforts, click through the above gallery.
