Incoming Starbucks CEO Brian Niccol may target mobile app
Mobile order and Uber Eats and Doordash delivery pick up area at Starbucks coffee shop, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images It’s …
Restaurants
Engaged Capital has big stake in Portillo’s, pushing for turnaround: Sources
An employee prepares a hot dog at a Portillo’s restaurant in Chicago, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images Activist investor Engaged Capital has built a nearly …
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, …
Elliott’s Starbucks campaign got it a better deal than it asked for
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images In May, it was a $2.5 billion stake in Texas Instruments and a …
Starbucks new CEO Brian Niccol compensation Chipotle
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior …
Wall Street cheers Brian Niccol appointment
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong …
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump, sending its stock soaring more than 20%. …
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of …
Starbucks and activist Elliott met last week to discuss settlement
Starbucks CEO Laxman Narasimhan attends The Asian American Foundation Annual AAPI CEO Dinner at The Pool in New York City, Sept. 26, 2023. JP Yim | Getty Images Activist Elliott …
Restaurant CEOs focus on value as they aim to bring back customers
A sign advertises meal deals at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Restaurant CEOs have become obsessed with the word “value” …