Latest Restaurant operators News

Jamie Oliver's UK restaurant chain collapses into insolvency

May. 21, 2019 12:50 PM EDT

LONDON (AP) — Celebrity chef Jamie Oliver's British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents in local commercial districts. The insolvency will leave 1,000 people out of work and reignited worries about local retail and food...

Amazon takes top stake in UK food delivery firm Deliveroo

May. 17, 2019 2:58 PM EDT

LONDON (AP) — Amazon is investing in British meal delivery company Deliveroo, giving the online shopping behemoth a larger stake in the fast-growing restaurant delivery business. Amazon failed to get its own restaurant delivery business going in the United Kingdom, shutting it down for good late last year....

Burger King parent plans to accelerate global growth

May. 15, 2019 2:07 PM EDT

NEW YORK (AP) — The company that owns the Burger King, Popeyes and Tim Hortons chains plans to combat sluggish sales growth by expanding delivery service in the U.S. and opening thousands of new stores worldwide. At a conference for investors in New York Wednesday, Restaurant Brands International said it...

American Express buys restaurant reservation service Resy

May. 15, 2019 10:21 AM EDT

NEW YORK (AP) — American Express is buying the online reservation startup Resy, the companies announced Wednesday, the latest move by AmEx to establish and maintain a foothold for its card members in some of the world's most desired restaurants. AmEx and Resy, founded in 2014, declined to disclose the...

2019 James Beard restaurant and chef award winners

May. 6, 2019 10:20 PM EDT

CHICAGO (AP) — The winners of the 2019 James Beard Foundation restaurant and chef awards announced Monday are: ___ NATIONAL RESTAURANT AND CHEF AWARDS —Best New Restaurant Frenchette, New York City —Outstanding Baker Greg Wade, Publican Quality Bread, Chicago —Outstanding Bar Program...

Zahav, Ashley Christensen win big at James Beard Awards

May. 6, 2019 10:19 PM EDT

CHICAGO (AP) — Chef Ashley Christensen's comfort food at Poole's Diner in North Carolina and the modern Israeli cuisine at Zahav in Philadelphia took top honors Monday night at the James Beard Awards, which many consider to be the Oscars of the culinary world. Zahav's nod for outstanding restaurant comes...

Landlord settles discrimination case with Muslim father, son

May. 3, 2019 5:44 PM EDT

DENVER (AP) — A Denver landlord who was recorded telling her tenant to find an "American person ... good like you and me" to sublease her property instead of a Muslim father and son seeking to open their second restaurant must pay the men $675,000 under a settlement. The three men sued last year,...

Beyond Meat fattens up as shares more than double in IPO

May. 2, 2019 5:53 PM EDT

Investors have a big appetite for fake meat. The shares of Beyond Meat, the purveyor of plant-based burgers and sausages, more than doubled Thursday in its Nasdaq debut. It's the first pure-play maker of vegan "meat" to go public, according to Renaissance Capital, which researches and tracks IPOs. Beyond Meat...

The Latest: Beyond Meat shares close 163% higher

May. 2, 2019 4:48 PM EDT

NEW YORK (AP) — The Latest on Beyond Meat's initial public offering (all times local): 4:30 p.m. Investors gave a beefy welcome to Beyond Meat in its debut on the Nasdaq stock exchange Thursday. The fake meat company's share price jumped 163 percent to end the day at $65.75 per share. The California-based...

McDonald's turns to bacon and wins (surprise, surprise)

Apr. 30, 2019 1:26 PM EDT

CHICAGO (AP) — McDonald's turned to a sure thing in the first quarter, bacon, and it paid off. Global rose 5.4% at stores open at least a year, a key metric of a retailer's health. That beat Wall Street's forecast of 3.4%, according to analysts polled by FactSet. Bacon was a big driver. McDonald's kicked...