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Just Eat Takeaway.com N.V., hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, is pleased to announce that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of USD650 million (the “Transaction”).

Transaction highlights
Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million;
Grubhub will be transferred with its USD500 million of senior notes and, after customary adjustments, net proceeds to the Company are expected to be up to USD50 million;
Completion expected during Q1 2025, subject to customary closing conditions including regulatory approvals;
Following completion of the Transaction, Just Eat Takeaway.com will retain no material liabilities associated with Grubhub;
The above enterprise value reflects the Company’s expectation that New York City fee caps will be amended in the near term.
The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth. This deal delivers the right home for Grubhub and its employees. I would like to thank everyone at Grubhub for their contributions to both Grubhub and the wider Just Eat Takeaway.com business.
Jitse Groen, founder and CEO of Just Eat Takeaway.com
Wonder’s acquisition of Grubhub continues our mission to make great food more accessible. As we enhance our customer experience with selection, speed, and variety, we’re excited to soon offer a curated selection of Grubhub’s restaurant partners directly in the Wonder app, alongside our owned and operated restaurants and meal kits. Bringing Wonder and Grubhub together is the next step in our vision to create the super app for meal time, re-envisioning the future of food delivery.
Marc Lore, founder and CEO of Wonder

Transaction rationale
The Transaction follows the Company’s prior announcements that it was actively exploring the partial or full sale of Grubhub. The Transaction increases Just Eat Takeaway.com’s ability to support investment in countries in which it has the greatest competitive advantage. It also improves Just Eat Takeaway.com’s GTV growth and free cash flow generation. Furthermore, the Transaction positively impacts Just Eat Takeaway.com’s capital structure and liquidity position.

The Transaction does not impact the Company’s guidance for 2024 as set out in its Q3 2024 Trading Update on 16 October 2024.

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About Grubhub
Headquartered in Chicago, Illinois, Grubhub is a leading US online food delivery company. In the financial year ended 31 December 2023, Grubhub generated:

237 million orders and GTV of €8,060 million;
Adjusted EBITDA of €94 million, representing a margin (as a % of GTV) of 1.2%; and
Free cash flow, before changes in working capital, of negative €77 million.
In addition, the cost of net share-based compensation at Just Eat Takeaway.com associated with Grubhub in 2023 represented 50% of the Company’s total share-based compensation costs.

About Wonder
Wonder is a new kind of food hall that is revolutionising the food industry by creating the super app for mealtime, operating a collection of delivery-first restaurants and pioneering a new category of “Fast Fine” dining.

Featuring some of the world’s best chefs including Bobby Flay, Jose Andres, Nancy Silverton and Marcus Samuelsson, along with award-winning restaurants from across the country including Tejas Barbeque and Di Fara Pizza, customers can experience any combination of these chefs and restaurants all together in one order for the first time. In 2023, Wonder acquired meal kit pioneer Blue Apron.

Marriott Bonvoy®, Marriott International’s award-winning travel program – offering the largest portfolio in the industry with more than 30 extraordinary brands and 10,000 global destinations – and Aeroplan, Canada’s leading travel loyalty program run by Canada’s largest airline, Air Canada, have deepened their loyalty partnership, building on a longstanding relationship between two iconic travel brands to offer elevated value and enhanced benefits to travelers.

Through this enhanced loyalty partnership, Aeroplan 50K, 75K, and Super Elite Members will receive complimentary Marriott Bonvoy Gold Elite Status, while Marriott Bonvoy Titanium Elite and Ambassador Elite members will receive complimentary Aeroplan 25K Status. The joint member must link their Marriott Bonvoy account and Aeroplan account to unlock the status match across programs. In addition, Aeroplan Elite Status Members can now convert their Aeroplan points into Marriott Bonvoy points at a 1:1 ratio, adding greater flexibility to how members can use their Aeroplan points. This is in addition to the already existing ability for members to convert their Marriott Bonvoy points into Aeroplan points at a 3:1 ratio. Together, these improved benefits provide Marriott Bonvoy members and Aeroplan members more opportunities to enhance their overall travel and lifestyle experiences.

With Marriott Bonvoy Gold Elite status, members can enjoy exclusive benefits including priority late check out (subject to availability), enhanced room upgrades (subject to availability), and 25% bonus Marriott Bonvoy points on eligible stays, among a variety of other benefits to enhance members’ experience. In turn, Aeroplan 25K Status Members can enjoy priority airport services that currently include priority check-in and boarding, two complimentary checked bags, eUpgrade credits to enjoy extra comfort, complimentary preferred seats, exclusive offers and more (subject to availability and Aeroplan program changes).

“Marriott Bonvoy members love to passionately explore cultures around the world, and together with Aeroplan, we are making aspirational destinations and incredible travel experiences more attainable and enjoyable for our members,” said David Flueck, Senior Vice President, Global Head, Loyalty, Cards and Enterprise Partnerships, Marriott International. “Whether it is through a preferred airline partner like Aeroplan or our rapidly growing portfolio of global properties across more than 30 brands, we are focused on delivering more value, benefits and travel experiences for our members.”

“We’re thrilled to bring the best of Aeroplan and Marriott Bonvoy together for our members,” said Scott O’Leary, Vice President, Loyalty and Product at Air Canada. “Whether it’s topping up the points needed for a reward, or enjoying the benefits of Elite status, there’s a lot to be excited about.”

For more travel inspiration and to explore premium experience offerings, visit marriottbonvoy.com and aircanada.com.

Conditions apply, for more details visit https://travel-partner.marriott.com/air-canada/en-us/terms or Aircanada.com/marriott.

ABOUT MARRIOTT BONVOY
Marriott Bonvoy, Marriott International’s portfolio of more than 30 hotel brands and 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram, and TikTok.

ABOUT AIR CANADA
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. To enroll for free or for more information about Aeroplan, visit aircanada.com/aeroplan. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada aims to achieve an ambitious net zero emissions goal from all global operations by 2050. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US.

Louisville, KY, – Today, Yum! Brands, Inc. (NYSE: YUM) released its annual Global Citizenship & Sustainability Report, detailing its advancements in reducing carbon emissions, improving packaging and removing barriers. The Company has a longstanding dedication to responsible business practices, investing strategically in its three priority pillars of People, Food and Planet, which are part of its Good Growth strategy. The strategy is grounded on the idea that the Good priorities and the Growth priorities are closely intertwined and enablers of one another.

“In 2023, we experienced a year of remarkable growth and remained focused on greenhouse gas reduction, sustainable packaging and having a positive community impact,” said Yum! Brands CEO David Gibbs. “Our Good Growth strategy has propelled our sales and restaurant development, which allows us to invest more in areas like renewable energy, supplier pilot programs and technical training for at-risk youth in our communities – the Growth advances the Good.”

This report highlights Yum!’s key accomplishments toward building a more sustainable and equitable world, which has led to its inclusion in the Dow Jones Sustainability Index North America, recognition as one of TIME Magazine’s Best Companies for Future Leaders and named to the USA Today’s 2023 America’s Climate Leaders list.

“We made significant progress in 2023 across our global citizenship and sustainability agenda, and we’re excited about the opportunities ahead,” said Yum! Brands Chief Government Affairs & Sustainability Officer Jon Hixson. “We believe in the power of collaboration to make positive change, and we continue to work closely with our stakeholders and partners to develop innovative solutions and share learnings that drive advancements.”

Highlights from Yum!’s new Global Citizenship & Sustainability Report include:

People

– In 2023, 44% of global corporate leadership roles were held by women, up from the 2018 baseline of 33%.
– In 2023, over 7,100 restaurant general managers and assistant restaurant general managers on six continents completed Leading With Heart through Heartstyles, Yum!’s signature leadership and personal development program.
– Since 2020, Yum! has reached 204,000 people and utilized and/or committed $71 million of funding for over 30 community impact programs designed to remove barriers through its Unlocking Opportunity Initiative.
Food

– In 2023, over 70% of Yum!-approved suppliers achieved Global Food Safety Initiative (GFSI) Certification.
– Sourced over 90% cage-free eggs for the 25,000 restaurants with a 2026 goal.
– Endorsed the Antimicrobial Use Stewardship Principles in Poultry, supporting an initiative that includes over 40% of global poultry meat production.
Planet

– On track to achieve Yum!’s 2030 emission reduction goals across both Scopes 1 and 2, as well as Scope 3 as it relates to energy emissions from franchisee-owned restaurants.
– Advanced Yum!’s sustainable supply chain work with KFC Europe committing to source 100% sustainable soy by 2025 and Pizza Hut decreasing emissions by 10% in the milk used for its cheese by improving cattle feed.
– Invested in sustainable packaging and infrastructure with Taco Bell expanding its recycling program with TerraCycle beyond its own sauce packets and Habit Burger & Grill reducing paper usage with new takeout bags.
For more information and to view Yum! Brands’ latest Global Citizenship & Sustainability Report visit www.yum.com/impact.

About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 59,000 restaurants in more than 155 countries and territories under the company’s concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. The Habit Burger & Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, CDP, a global organization that runs a leading sustainability disclosure program, ranked Yum! with Climate Change and Water Security scores of A-, and all of Yum!’s CDP scores were a B or higher. Yum! was also named to the Dow Jones Sustainability Index North America, and the company was recognized among TIME Magazine’s list of Best Companies for Future Leaders, Newsweek’s list of America’s Most Responsible Companies and USA Today’s America’s Climate Leaders. Yum! also received widespread recognition in 2023, including being listed on the Bloomberg Gender-Equality Index; and Forbes’ list of America’s Best Employers for Diversity. In addition, KFC, Taco Bell and Pizza Hut brands were ranked in the top five of Entrepreneur’s Top Global Franchises Ranking for 2023.

CHARLOTTE, N.C.- Krispy Kreme® announced a promotion today to celebrate the anticipated arrival of its doughnuts at participating Chicagoland McDonald’s restaurants beginning Tuesday, Oct. 15 as part of a phased rollout to McDonald’s locations nationwide by the end of 2026.

Krispy Kreme doughnuts arrive at Chicago-area McDonald’s restaurants starting Oct. 15. To celebrate, Krispy Kreme is giving a FREE Original Glazed® doughnut to everyone who shows a McDonald’s receipt Oct. 10 through 14 at Krispy Kreme shops nationwide. (Photo: Business Wire)
Krispy Kreme doughnuts arrive at Chicago-area McDonald’s restaurants starting Oct. 15. To celebrate, Krispy Kreme is giving a FREE Original Glazed® doughnut to everyone who shows a McDonald’s receipt Oct. 10 through 14 at Krispy Kreme shops nationwide. (Photo: Business Wire)

To celebrate with fans, Krispy Kreme will give a free Original Glazed® doughnut, limit one per guest, to anyone who shows a McDonald’s paper or digital receipt dated between Oct. 10 and 14 at participating U.S. Krispy Kreme shops nationwide between Oct. 10 and 14. This offer is a sweet way to satisfy doughnut lovers in Chicago, as well as fans all over the country, eagerly awaiting the chance to enjoy this treat at their local McDonald’s.

Delivered fresh every day to participating McDonald’s restaurants in Chicago, three of Krispy Kreme’s most popular doughnuts will be available all day while supplies last:

The iconic Original Glazed® Doughnut: A melt-in-your-mouth doughnut covered in Krispy Kreme’s signature glaze. The doughnut that started it all.
The Chocolate Iced with Sprinkles Doughnut: A chocolatey twist on the original, dipped in chocolate icing and covered in rainbow sprinkles.
The Chocolate Iced Kreme™ Filled Doughnut: Made with a light, fluffy dough and filled with a smooth Kreme™ filling then dipped in chocolate icing.
“The top request we receive from consumers is for more access to our delicious, fresh doughnuts. Having Krispy Kreme doughnuts under the Golden Arches is golden for our fans and we’re excited to celebrate by giving our guests who also visit a McDonald’s a free Original Glazed doughnut,” said Josh Charlesworth, Krispy Kreme President and CEO.

Krispy Kreme expects to serve fresh doughnuts daily in more than 1,000 McDonald’s restaurants by the end of this year and a total of 12,000 by the end of 2026.

About Krispy Kreme
Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business with more than 15,500 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with Krispy Kreme Doughnuts at www.KrispyKreme.com and follow us on social: X, Instagram and Facebook.

About McDonald’s USA
McDonald’s USA, LLC, serves a variety of menu options made with quality ingredients to millions of customers every day. Ninety-five percent of McDonald’s approximately 13,500 U.S. restaurants are owned and operated by independent business owners. For more information, visit www.mcdonalds.com, and follow us on social: X, Instagram, TikTok and Facebook.

BETHESDA, MD and SEATTLE– Today, Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, and Starbucks announced a new collaboration offering distinctive benefits to loyalty members. Marriott Bonvoy members and Starbucks Rewards U.S. members who link loyalty accounts will have the opportunity to earn more Stars toward free beverages, food and more at Starbucks 1, and Marriott Bonvoy points that can be redeemed at Marriott Bonvoy’s more than 30 brands and 10,000 global destinations as well as for Marriott Bonvoy Moments experiences.

Starting today, June 18, eligible members enrolled in both programs can easily link their accounts by visiting Starbucks.com/MarriottBonvoy. Once linked, Starbucks Rewards and Marriott Bonvoy members can begin to earn these new benefits from both programs:

Double Stars During Stays: Marriott Bonvoy and Starbucks Rewards members can earn Double Stars on qualifying transactions at participating Starbucks locations through the duration of their eligible stay at hotels participating in Marriott Bonvoy.
Marriott Bonvoy Weeks | Sip, Dream, GoTM: Throughout the year, during any designated Marriott Bonvoy Week, Starbucks Rewards and Marriott Bonvoy members will earn 100 Marriott Bonvoy points when they make three qualifying transactions at participating Starbucks locations. The first Marriott Bonvoy Week begins on July 8 and will run through July 14.

“I love my regular morning cup of Starbucks coffee, and find I enjoy it even more when traveling. So, Marriott Bonvoy’s collaboration with Starbucks makes perfect sense,” said David Flueck, Global Head of Loyalty, Cards & Enterprise Partnerships, Marriott International. “We will truly satisfy our members’ passions for coffee and travel with the opportunity to earn more points and Stars while traveling and at home, and later this year by bringing those passions together when we introduce exclusive coffee- and travel-themed experiences on Marriott Bonvoy Moments.”

“Marriott Bonvoy’s commitment to enriching moments for their customers aligns with Starbucks customer promise to uplift the everyday, making them the perfect loyalty partner,” said Kyndra Russell, senior vice president, North America chief marketing officer, Starbucks. “We’re continuing to develop our Starbucks Rewards program, and through this new collaboration, we are excited to offer members even more value and enhanced benefits through travel experiences.”

To celebrate the new loyalty collaboration, Marriott Bonvoy will launch a sweepstakes exclusively available to Starbucks Rewards and Marriott Bonvoy members with linked accounts. The sweepstakes will offer linked members an opportunity to enter to win a range of prizes, including a Grand Prize trip to visit each of the Starbucks Reserve Roasteries in Seattle, Milan and Tokyo with a stay in a participating hotel and round-trip air transportation fare included. Additional prizes include a visit to one of the Starbucks Reserve Roasteries in either Seattle, Milan or Tokyo including a hotel stay and round-trip air transportation, as well as 500 chances to win hundreds of Bonus Stars from Starbucks. Eligible customers in the U.S. can enter the sweepstakes between June 18 and July 7 and find the official rules here. 2

Starbucks Reserve locations in Seattle, Chicago and New York are also introducing the Starbucks Reserve Siciliano for Marriott Bonvoy to celebrate the launch. The cocktail, inspired by the brands’ mutual love for travel, coffee and connection, blends Starbucks Reserve Cold Brew with traditional Italian spirits, including Amaro Averna and Carpano Antica Formula Sweet Vermouth, finished with Scrappy’s Orange Bitters, sparkling water and an orange swath. For a limited time, Starbucks Rewards and Marriott Bonvoy members with linked accounts can enjoy this exclusive global-inspired cocktail at U.S. Starbucks Reserve® Roasteries and the Starbucks Reserve Store at Empire State Building®.

Note on forward-looking statements

All statements in this press release are made as of June 18, 2024. Neither Marriott International nor Starbucks Corporation (“we” and “our”) undertakes any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains “forward-looking statements” within the meaning of federal securities laws, including statements related to expected arrangements between Marriott International and Starbucks Corporation; additional expected benefits and experiences for members; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q and subsequent filings. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

About Starbucks Rewards
Since 2009, the industry-leading Starbucks Rewards program continues to grow in popularity and offers members rewards, personalized offers, games, exclusive deals, and the ability to order ahead and pay using the Starbucks app. In Q2 FY24 (January – March 2024) in the U.S., Starbucks Rewards membership grew 6% over the prior year, to nearly 33 million 90-day active membership.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at stories.starbucks.com or www.starbucks.com.

About Marriott Bonvoy®
Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, gives its more than 200 million members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

About Marriott International
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

1 Restrictions apply. At participating stores. For more details and to view the full program terms and conditions, please see Starbucks.com/MarriottBonvoy. See Starbucks.com/terms for Starbucks Rewards loyalty program details. See https://www.marriott.com/loyalty/terms/default.mi for Marriott Bonvoy loyalty program terms and conditions.

2No purchase necessary. Open to legal residents of 50 U.S. states/D.C., at least 18+, who are Marriott Bonvoy members AND Starbucks Rewards members, with the two accounts linked. Begins 8:00 AM ET on June 18, 2024; ends 11:59 PM ET on July 7, 2024. Starbucks is not responsible for the administration of this Sweepstakes.

LAS VEGAS – Las Vegas Sands (NYSE: LVS) has released its latest environmental, social and governance (ESG) report, outlining the company’s 2023 progress on the corporate responsibility priorities established for its 2021-2025 reporting period. Sands is on track to meet or has surpassed the targets set for its three primary ambitions in the areas of emissions reduction, workforce development and community volunteerism.

Aiming toward its 2025 ambition of reducing emissions by 17.5%, the company logged a 50% emissions reduction from a 2018 baseline in 2023. Sands has now spent $181 million toward its ambition to invest $200 million in workforce development by 2025 and logged 222,823 hours toward its 2025 community volunteerism ambition, which was originally established at 150,000 hours. In the 2023 ESG Report, the company announced a new community service target to contribute 250,000 volunteer hours by 2025.

Along with solid ESG progress, last year marked a number of major milestones for Sands, including Sands China’s relicensing in Macao; celebrating the official grand opening of The Londoner Macao, a $2 billion redesign of the former Sands Cotai Central integrated resort; and completing the majority of the $1 billion phase one renovation at Marina Bay Sands. In addition, the company received Leadership in Energy and Environmental Design (LEED) Gold Certification for its new Las Vegas corporate headquarters, which opened in 2023.

Amid these endeavors, Sands made significant progress in multiple areas under the People, Communities and Planet pillars of its corporate responsibility program in 2023.

People – Aiming to invest $200 million in workforce development by 2025, Sands spent $68 million to advance Team Members and local talent in the hospitality industry in 2023, for a total of $181 million invested since 2021. Funding has supported Team Member training and development programs and local workforce and hospitality industry initiatives, such as the $1 million Sands Hospitality Scholarship Program in Singapore.

Separate of the workforce development investment, Sands spent $2 billion in 2023 to procure goods and services from local businesses and small and medium enterprises (SMEs) around the world, contributing to its regions’ economic health and helping sustain job opportunities.

In support of the company’s commitment to investing in local businesses and SMEs, Sands China launched the Sands Innovation Challenge and Sands Resorts Incubation Centre, which cultivate technology innovation among Macao entrepreneurs. Sands also held procurement academies for local businesses on Long Island where the company aims to build its next world-class integrated resort.

Communities – In 2023, the company updated its original 2025 ambition to contribute 150,000 Team Member volunteer hours to community organizations after surpassing that target at the end of 2022 due to intensive support for pandemic-related initiatives along with core Sands Cares volunteer programs. Aiming toward its new 2025 goal of contributing 250,000 Team Member volunteer hours to communities, Sands reported 222,823 cumulative volunteer hours from 2021-2023. The company is well on its way to meeting the ambition, which supports its overarching commitment to ensuring host communities remain great places to live, work and visit.

Sands’ Communities pillar priorities include helping alleviate hardship for disadvantaged populations and people experiencing crises; investing in capacity-building programs for local nonprofits; supporting initiatives to advance its regions’ unique arts and cultural offerings; and working to build a thriving workforce of the future through education. In 2023, three global Sands Cares programs continued to unite the company’s regions around community impact, with execution of the 10th Sands Cares Global Hygiene Kit Build and the second Sands Cares Global Food Kit Build, as well as completion of the Sands Cares Accelerator’s seventh year of incubating the strategic initiatives of invited nonprofit members in Las Vegas, Macao and Singapore.

Planet – Though business returned to pre-pandemic levels in 2023, greenhouse gas emissions remained significantly below the 2018 baseline with a 50% reduction logged in 2023. Resort visitation grew by 123% in 2023 compared to 2022, and, therefore, energy consumption increased in multiple areas, including fuel use for heating and cooking as well as operation of the Cotai Jet ferry service in Macao. However, Sands achieved the significant reduction in emissions thanks to its persistent approach to energy efficiency projects and commitment to renewable energy certificate purchases.

In addition to continuing to surpass emissions as well as water use reduction targets in 2023, the company pursued aggressive efforts to reduce food waste and transition plastics and packaging to sustainable materials. Beyond execution on core environmental priorities in the areas of low-carbon transition, waste, materials and resources, and water stewardship, the Sands ECO360 team remained focused on developing a coordinated strategy for protecting biodiversity, which has been addressed as part of the company’s water stewardship and sustainable sourcing initiatives.

“At this midpoint juncture, we are satisfied with the progress on our ambitions and targets but continue to drive hard on all initiatives, especially in areas where we want to increase our impact,” Katarina Tesarova, senior vice president and chief sustainability officer, said. “As we look toward our 2025 targets and beyond, we are firmly committed to maintaining strong ESG performance in all aspects of our business.”

Underscoring Sands’ performance in 2023, the company was named one of Fortune’s World’s Most Admired Companies in the news outlet’s 2024 list of the most respected and reputable global businesses. That designation followed recognition on Newsweek’s 2024 America’s Most Responsible Companies list and the 2023 Dow Jones Sustainability World and North America Indices.

For detailed information on Sands’ accomplishments under the People, Communities and Planet pillars, read the 2023 ESG Report: https://www.sands.com/content/uploads/2024/06/LVS-ESG-Report-2023.pdf

About Sands (NYSE: LVS)
Sands is the world’s preeminent developer and operator of world-class integrated resorts. The company’s iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.

Sands’ portfolio of properties includes Marina Bay Sands in Singapore and The Venetian Macao, The Plaza Macao, The Londoner Macao, The Parisian Macao and Sands Macao in Macao SAR, China, through majority ownership in Sands China Ltd.

Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company’s ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America, as well as Fortune’s list of the World’s Most Admired Companies. To learn more, visit www.sands.com.

68% spending more on leisure travel with 74% respondents planning an intra-regional holiday within Asia-Pacific (APAC)

Australia is the top destination in next 12 months ahead of Japan, with 46% planning to visit
Indian HNW are driving luxury travel with 89% Indians planning to spend more in next 12 months
High end gastronomy is the primary driver for luxury travel with 88% planning holidays around food
Three new personas of luxury traveler defined

As the Asia Pacific region continues to be the growth engine for luxury travel, a new comprehensive report from the Luxury Group by Marriott International has identified new expectations and travel preferences among high-net-worth (HNW) travelers in Asia Pacific. Across the region, 68% are planning to spend more on travel over the next 12 months – 89% among Indians – with 74% planning to travel within Asia Pacific and 88% prioritizing gastronomy as the reason to travel. One in four of all holidays planned (25%) are celebrations. Three distinct new groups of luxury traveler have emerged – the ‘Venture Travelist’ who seeks business opportunities when traveling, ‘Experience Connoisseur’ Millennials who are traveling for enrichment and ‘Timeless Adventurer’, over 65s who are building their own itineraries and exploring places before they become popular.

“Our New Luxe Landscapes Report provides deeper behavioral insights and motivations into elite travelers from Asia and the Pacific,” says Oriol Montal, Managing Director, Luxury, Asia Pacific (excluding China), Marriott International. “Whether it’s discovering new culinary experiences, traveling with their family or friends, or looking to forge connections with the local community, our research has identified new traveler archetypes, and provides Marriott International with new understandings in catering to this discerning traveler segment.”

Deeper Extended Experiences With Their People
The research among HNW travelers in Australia, Singapore, South Korea, Japan, Indonesia and India reveals they are traveling frequently with longer holidays especially across the Asia Pacific region. An average of six leisure trips is planned within the next 12 months while 33% of respondents are planning at least seven holidays this year. On average, a short stay comprises three nights while a long stay is two-and-a-half weeks. For many, the kinship and connection within a group enhances the richness of the travel experience, with over 70% choosing to travel with family or friends.

Australia is the destination of choice (46%), above Japan (42%) and Hong Kong, China (27%). 69% of India’s HNW tourists are planning a trip to Australia and it is the top destination of choice for Indonesian, Japanese and Singaporean travelers.

Increasing Demand in India
The most active and engaged travel market, 89% of Indian HNW say they are planning to spend more on travel. Families and friends are touring together to mark key milestones, attend a private function or event, with 38% planning a trip with friends and 33% making theirs a celebratory trip.

A Fascination for Food
88% are picking their holiday destination based on discovering a new food or culinary experience. Acutely aware of dining trends, almost half of the respondents (49%) describe a fine dining experience as an ideal night out. Reinforcing this point, 83% will choose a destination to visit an award-winning restaurant and 35% agreed they would spend more on unique culinary experiences. When choosing a hotel, 81% of HNW travelers make their selection based on fine dining options and 83% choose a destination so they can visit a celebrated restaurant.

New Traveler Personas
With more disposable income for holidays and a growing population of ageing travelers, the research has identified three new categories of affluent travelers. These include:

The ‘Venture Travelist’
The next-generation Bleisure tourist, the Venture Travelist prioritizes holiday destinations that will generate business opportunities. While they enjoy their vacation with their family and loved ones, they are always on the lookout to secure a deal. Entrepreneurs at heart, they explore a location, shopping for local products and antiques, and looking to forge business connections with members from the local community.
The ‘Experience Connoisseur’
Predominantly millennials, Experience Connoisseurs plan their leisure travel as an opportunity for personal enrichment. They travel extensively and see the experience as an investment in their mental and physical wellbeing. They want to deeply explore a destination, they value personalization and actively seek exclusive one-of-a-kind experiences.
The ‘Timeless Adventurer’
Debunking every stereotype of the over-65 ‘silver set travelers’, Timeless Adventurers are keen explorers who want to immerse themselves in a destination. They’re less interested in tourist attractions and more drawn to what gives the destination a sense of place, what makes it unique and memorable.
The full report is available to download.

Note to Editor
Findings are from a research report commissioned by Marriott International Luxury Group conducted over a period from April 18, 2024, to May 13, 2024, with frequent international travelers who primarily travel for leisure. The study targeted the wealthiest 10% of residents in Australia, Singapore, India, Indonesia, South Korea, and Japan with 200 respondents from each market.

Refer to Annex A for additional data on the preferences of luxury travelers across the APEC region.

ANNEX A: 10 INTRIGUING FACTS ABOUT THE CHANGING FACE OF LUXURY TRAVELERS ACROSS THE APAC REGION

Most engaged travel market is India. 89% of high-net-worth (HNW) Indians are planning to spend more on their leisure travel, looking at six trips over the course of the year, with an average three-four nights for a short trip and two-three weeks for a long holiday.

Most self-sufficient travelers are Singaporeans. 61% prefer to travel independently and curate their own itinerary, versus 43% across the region.

Most pressing social issue is sustainable travel. Mindful of the impact their travel has on the environment, 80% of HNW travelers say a hotel’s sustainability and environmental practices is a consideration when deciding where to stay. 43% want to see hotel restaurants offering locally-sourced food products and a further 35% expect to see effective management of food waste.

Most likely to holiday longer are Australians. With Australians entitled to a minimum of four weeks annual leave, it’s not surprising they take the longest holidays with 73% planning a minimum two-week getaway and 33% taking over three weeks. Similarly, a third of Indonesians expect their trips will extend beyond three weeks.

Most important factor in a luxury experience is a sense of security. Most respondents (91%) say a safe environment is more important than exceptional service (41%), engaging in an exclusive experience (36%) or having a truly personalized experience (33%).

Best reason to shop overseas is to purchase locally made products. For HNW individuals, shopping is a key driver to travel and 85% of respondents say access to locally-made products is a key consideration when deciding where to travel.

Most likely to stay within their hotel are South Korean travelers. 54% of travelers surveyed would rather spend time at their hotel or resort rather than exploring local attractions or engaging with the locals.

Most favored cuisine is authentic local dishes, with over 62% preferring to explore unfamiliar local flavors over food from home.

Top mark of a luxury holiday is discovering a new destination, with 78% regarding it as important or very important.

Most valued luxury experience is an immersive and refined sense of space, with 80% defining luxury travel as being surrounded by refined craftsmanship and exquisite design.

ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

BETHESDA, MD and SEATTLE – Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, and Starbucks announced a new collaboration offering distinctive benefits to loyalty members. Marriott Bonvoy members and Starbucks Rewards U.S. members who link loyalty accounts will have the opportunity to earn more Stars toward free beverages, food and more at Starbucks 1, and Marriott Bonvoy points that can be redeemed at Marriott Bonvoy’s more than 30 brands and 10,000 global destinations as well as for Marriott Bonvoy Moments experiences.

Starting today, June 18, eligible members enrolled in both programs can easily link their accounts by visiting Starbucks.com/MarriottBonvoy. Once linked, Starbucks Rewards and Marriott Bonvoy members can begin to earn these new benefits from both programs:

Double Stars During Stays: Marriott Bonvoy and Starbucks Rewards members can earn Double Stars on qualifying transactions at participating Starbucks locations through the duration of their eligible stay at hotels participating in Marriott Bonvoy.
Marriott Bonvoy Weeks | Sip, Dream, GoTM: Throughout the year, during any designated Marriott Bonvoy Week, Starbucks Rewards and Marriott Bonvoy members will earn 100 Marriott Bonvoy points when they make three qualifying transactions at participating Starbucks locations. The first Marriott Bonvoy Week begins on July 8 and will run through July 14.

“I love my regular morning cup of Starbucks coffee, and find I enjoy it even more when traveling. So, Marriott Bonvoy’s collaboration with Starbucks makes perfect sense,” said David Flueck, Global Head of Loyalty, Cards & Enterprise Partnerships, Marriott International. “We will truly satisfy our members’ passions for coffee and travel with the opportunity to earn more points and Stars while traveling and at home, and later this year by bringing those passions together when we introduce exclusive coffee- and travel-themed experiences on Marriott Bonvoy Moments.”

“Marriott Bonvoy’s commitment to enriching moments for their customers aligns with Starbucks customer promise to uplift the everyday, making them the perfect loyalty partner,” said Kyndra Russell, senior vice president, North America chief marketing officer, Starbucks. “We’re continuing to develop our Starbucks Rewards program, and through this new collaboration, we are excited to offer members even more value and enhanced benefits through travel experiences.”

To celebrate the new loyalty collaboration, Marriott Bonvoy will launch a sweepstakes exclusively available to Starbucks Rewards and Marriott Bonvoy members with linked accounts. The sweepstakes will offer linked members an opportunity to enter to win a range of prizes, including a Grand Prize trip to visit each of the Starbucks Reserve Roasteries in Seattle, Milan and Tokyo with a stay in a participating hotel and round-trip air transportation fare included. Additional prizes include a visit to one of the Starbucks Reserve Roasteries in either Seattle, Milan or Tokyo including a hotel stay and round-trip air transportation, as well as 500 chances to win hundreds of Bonus Stars from Starbucks. Eligible customers in the U.S. can enter the sweepstakes between June 18 and July 7 and find the official rules here. 2

Starbucks Reserve locations in Seattle, Chicago and New York are also introducing the Starbucks Reserve Siciliano for Marriott Bonvoy to celebrate the launch. The cocktail, inspired by the brands’ mutual love for travel, coffee and connection, blends Starbucks Reserve Cold Brew with traditional Italian spirits, including Amaro Averna and Carpano Antica Formula Sweet Vermouth, finished with Scrappy’s Orange Bitters, sparkling water and an orange swath. For a limited time, Starbucks Rewards and Marriott Bonvoy members with linked accounts can enjoy this exclusive global-inspired cocktail at U.S. Starbucks Reserve® Roasteries and the Starbucks Reserve Store at Empire State Building®.

Note on forward-looking statements

All statements in this press release are made as of June 18, 2024. Neither Marriott International nor Starbucks Corporation (“we” and “our”) undertakes any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains “forward-looking statements” within the meaning of federal securities laws, including statements related to expected arrangements between Marriott International and Starbucks Corporation; additional expected benefits and experiences for members; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q and subsequent filings. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

About Starbucks Rewards
Since 2009, the industry-leading Starbucks Rewards program continues to grow in popularity and offers members rewards, personalized offers, games, exclusive deals, and the ability to order ahead and pay using the Starbucks app. In Q2 FY24 (January – March 2024) in the U.S., Starbucks Rewards membership grew 6% over the prior year, to nearly 33 million 90-day active membership.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at stories.starbucks.com or www.starbucks.com.

About Marriott Bonvoy®
Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, gives its more than 200 million members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

About Marriott International
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

1 Restrictions apply. At participating stores. For more details and to view the full program terms and conditions, please see Starbucks.com/MarriottBonvoy. See Starbucks.com/terms for Starbucks Rewards loyalty program details. See https://www.marriott.com/loyalty/terms/default.mi for Marriott Bonvoy loyalty program terms and conditions.

2No purchase necessary. Open to legal residents of 50 U.S. states/D.C., at least 18+, who are Marriott Bonvoy members AND Starbucks Rewards members, with the two accounts linked. Begins 8:00 AM ET on June 18, 2024; ends 11:59 PM ET on July 7, 2024. Starbucks is not responsible for the administration of this Sweepstakes.

Louisville, KY, – Yum! Brands, Inc. (NYSE: YUM) and the University of Louisville today announced the launch of new “Accelerating Growth” executive education programs at the Yum! Center for Global Franchise Excellence. The new programs will focus on equipping operations leaders to take on senior management roles in franchise organizations, an area identified as a key opportunity by franchisees and leadership at the Yum! Center for Global Franchise Excellence, which has been providing education for aspiring entrepreneurs through the UofL College of Business since 2021.

As part of its $100 million global Unlocking Opportunity Initiative, Yum! Brands is providing more than $800,000 in funding to launch the “Accelerating Growth” programs, which is in addition to the $3.5 million commitment the company made to launch the Yum! Center for Global Franchise Excellence in 2021. The goal of Yum! Brands’ Unlocking Opportunity Initiative is to create opportunities for education and entrepreneurship for employees, frontline restaurant teams and communities around the world.

The two new “Accelerating Growth” education tracks will launch in the summer and fall 2024 semester and will focus on training attendees to upskill their franchising education.

“Yum! Brands is passionate about the franchise business model, and capable franchise leaders are the lifeblood of every successful franchise system. As the franchisor of choice for the industry, we are thrilled to partner with the University of Louisville and address a need of the industry – training a new generation of leaders to take on senior management roles in franchise businesses,” said Wanda Williams, Head, Global Franchising, Yum! Brands. “Since its launch in 2021 as part of our Unlocking Opportunity Initiative, the Yum! Center for Global Franchise Excellence has helped prepare hundreds of students for successful careers and business ownership opportunities by building knowledge about the franchising industry,”

Two new education tracks will be offered as part of the “Accelerating Growth” program, which will develop the skills necessary to run and grow a large franchise business: a six-month Level 1 program designed to train General Managers and Area Coaches for a Vice President role, and an advanced one-year program customized to prepare Vice Presidents for a role as President of a franchise organization. Both programs include online and experiential education, and the advanced program also includes a final simulation and development of a business plan.

“The ‘Accelerating Growth’ program is an exceptional addition to the multilevel franchise education offered by our center at the University of Louisville and is yet another way we can create opportunities for professionals across the franchising industry. We are incredibly grateful for Yum!’s continued support for the center and this opportunity to expand the center’s programs,” said Kathleen Gosser, Director of the Yum! Center for Global Franchise Excellence and Assistant Professor in the UofL College of Business.

Since the launch of the Yum! Center for Global Franchise Excellence at the University of Louisville, total enrollment has exceeded 900 students – 423 undergrad, 50 graduate-level and 500 executive education enrollees.

In addition, The Center launched the annual Yum! Franchise Accelerator Fellowship in 2022, a collaborative effort between the University of Louisville, Howard University and Yum! Brands, which offers a unique opportunity for four MBA students from the two universities. Participants in the annual program are granted $10,000 scholarships and receive personalized training and mentorship from industry experts during an immersive educational journey centered around the franchise business model. Each accelerator program culminates in a pitch competition featuring a $10,000 cash prize, while establishing winners as top candidates for promising franchising careers. The Yum! Franchise Accelerator Fellowship is open to all eligible students regardless of race, color, national origin, sex, disability, or age.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 58,000 restaurants in more than 155 countries and territories under the company’s concepts – KFC, Taco Bell, Pizza Hut and the Habit Burger Grill. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. The Habit Burger Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America for the eighth consecutive year, and the company was recognized among TIME Magazine’s list of Best Companies for Future Leaders and Newsweek’s list of America’s Most Responsible Companies. Yum! also received widespread recognition in 2023, including being listed on the Bloomberg Gender-Equality Index; Forbes’ list of America’s Best Employers for Diversity; and Newsweek’s list of America’s Greenest Companies. In addition, KFC, Taco Bell and Pizza Hut brands were ranked in the top five of Entrepreneur’s Top Global Franchises Ranking for 2023.

About the University of Louisville
Founded in 1798 as one of the nation’s first city-owned, public universities, the University of Louisville (UofL) is a vital ecosystem that creates thriving futures for students, our community and society. As one of only 79 universities in the United States to earn recognition by the Carnegie Foundation as both a Research 1 and a Community Engaged university, we impact lives in areas of student success and research and innovation, while our dynamic connection with our local and global communities provides unparalleled opportunities for students and citizens both. The university serves as an engine that powers Metro Louisville and the commonwealth and as a classroom for UofL’s more than 23,000 students, who benefit from partnerships with top employers and a wide range of community service opportunities.

CHICAGO, June 5, 2024 — CNA Financial Corporation (NYSE: CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA’s Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company’s objectives.

“We are extremely thankful to Dino who over the past 8 years has worked tirelessly to lead the company to record levels of profitability and top quartile underwriting performance. We are delighted that he will continue to advise CNA as Executive Chairman. As we look to the future, we know that Doug is a dynamic and proven leader with a clear vision for the company,” said James S. Tisch, a member of CNA’s board of directors and the CEO of Loews Corporation, CNA’s largest shareholder.

“Doug is an exceptional underwriting executive and has strengthened and solidified CNA’s underwriting culture and profitability,” said Robusto. “Along with the board, I am confident in Doug’s ability to lead CNA forward. He builds excellent organizational talent, skillfully cultivates broker relationships, and drives innovation to deliver industry-leading products and services for business customers.”

“I am honored to take on the CEO role, building upon Dino’s success in optimizing CNA’s strategic underwriting direction,” added Worman. “My goal is to continue elevating CNA as a preeminent P&C insurer.”

Worman joined CNA in March 2017 as Executive Vice President & Chief Underwriting Officer. He was instrumental in building CNA product organizations and business units as well as spearheading the company’s Global Underwriting Committee, leading to his current position of Global Head of Underwriting in 2022. He is currently responsible for the oversight, strategy and underwriting direction of CNA’s Property & Casualty operations worldwide.

Prior to joining CNA, Worman served as CEO of Endurance U.S. Insurance; Executive Vice President of Alterra Capital Holdings, a Stone Point Capital company; and CEO of Alterra US Insurance. He began his insurance career as an underwriter at AIG, where he worked his way up through various underwriting and management positions, eventually serving as President & CEO of AIG Excess Casualty Group, formerly known as American Home. Worman is a graduate of The Pennsylvania State University.

About CNA
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. For more information, please visit CNA at www.cna.com.

Follow CNA (NYSE: CNA) on: X | LinkedIn | YouTube

CNA Newsroom

Marriott International is proud to celebrate the winners of the 2024 J. Willard Marriott Awards of Excellence at the company’s annual ceremony, which brought together associates from around the world. Established in 1987 and named after Marriott’s founder, the J. Willard Marriott Awards of Excellence honors the company’s finest associates who are recognized for their achievements, service mindset, and commitment to excellence.

At the awards ceremony, the 10 individual winners, three Marriott properties and two Marriott Business Councils from around the world, took the stage to share their incredible stories with fellow associates and Marriott leadership. The awards focus in several areas, including honoring outstanding community engagement, workplace inclusion initiatives, exemplifying the company’s core values, driving innovation, empowering the future generation of leaders, and creating a TakeCare culture of promoting physical, mental, and financial wellness.

“I am inspired by the incredible stories and exemplary character of this year’s Awards of Excellence winners,” said Anthony Capuano, President and Chief Executive Officer of Marriott International. “These honorees embody our company values and are a shining example of service excellence. They embolden us all to strive to be the best individuals, community members, and leaders we can be, and I am so proud of their tremendous accomplishments.”

Mr. Capuano kicked off the celebration with Chairman of the Board David Marriott and Board Member and Global Cultural Ambassador Emeritus Debbie Marriott Harrison, who served as the emcees throughout the event.

The 2024 J. Willard Marriott Awards of Excellence winners are:

Irma Cruz, Loss Prevention Supervisor, W Mexico City, Mexico City, Mexico
Jennifer Chenggish, Front Office Supervisor, Four Points by Sheraton Surabaya, Pakuwon Indah, East Java, Indonesia
Bahieh Musa, Front Desk Lead – Night Audit, Courtyard by Marriott Charlottesville, Charlottesville, Virginia
Meinrad Villano, Guest Experience Expert, Delta Hotels Edmonton Centre Suites, Alberta, Canada
Julia Borrego¸ Housekeeping Public Space Attendant, Renaissance Tulsa Hotel & Convention Center, Tulsa, OK
Anna Pazdera, Executive Head Chef, London Heathrow Marriott Hotel, Hayes, United Kingdom
John Hofer, Engineer, The Ritz-Carlton, Lake Tahoe, Truckee, CA
Dawit Anteneh, Central Plant Stationary Engineer Supervisor, Sheraton Denver Downtown Hotel, Denver, CO
Jose D. Leon, Assistant Banquet and Event Manager, Boston Marriott Cambridge, Cambridge, MA
Jessie Wang, Executive Housekeeper, Sheraton Chengdu Lido Hotel, Sichuan, China
Alice S. Marriott Award for Community Service: JW Marriott El Convento Cusco, Cusco, Peru
Debbie Marriott Harrison TakeCare Award of Excellence: Lagos Marriott Hotel Ikeja, Lagos, Nigeria
J.W. Marriott, Jr. Diversity Excellence Award: Costa Rica Marriott Hotel Hacienda Belén, Heredia, Costa Rica
David S. Marriott Next Gen Business Council Award: Marriott Business Council Vietnam & Cambodia
Stephen Garff Marriott Award of Excellence for Culture: Hawaii Business Council, Maui, Hawaii
To learn more about the awards program visit https://www.marriott.com/culture-and-values/awards-of-excellence.mi.

About Marriott International
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Philadelphia, PA — Aramark Collegiate Hospitality and University of South Florida’s School of Hospitality and Tourism Management know that a strong educational foundation coupled with hands-on experience leads to post-graduation success. The first year of their partnership resulted in 100% job placement for the inaugural Fall 2022 and Spring 2023 classes.

Since 2022, the two entities have collaborated to fulfill the hospitality school’s mission to provide students with a comprehensive education that seamlessly integrates theoretical knowledge with practical industry experience. In May, a new class of USF/Aramark fellows graduates with valuable service leadership experience.

“The partnership between USF’s School of Hospitality and Tourism and Aramark exemplifies the power of collaboration in shaping the future of the hospitality industry,” said Cihan Cobanoglu, Dean of USF’s School of Hospitality and Tourism Management.

“By seamlessly integrating classroom learning with hands-on experience, fostering mentorship opportunities, and investing in the education of future leaders, this partnership serves as a beacon of excellence in preparing students for successful careers in hospitality. Together, we are not just building careers; we are cultivating a legacy of innovation, professionalism, and excellence in hospitality education.”

At the heart of this partnership lies a unique initiative: Aramark’s proactive engagement with first-year USF graduate hospitality students, providing practical experience and reinforcing classroom teaching with real-world application. The School of Hospitality and Tourism Management also can access the culinary and restaurant facilities across USF’s three campuses in Tampa, St. Petersburg, and Sarasota-Manatee. These experiences provide students professional experience and even the chance to participate in the expansion of residential dining in development at the Sarasota-Manatee campus.

Surveys found that the experience was instrumental in shaping students’ understanding of the field, helping to prepare them for challenges ahead, and fostering attention to detail that comes from hands-on experience. They have earned ServSafe certificates and developed customer service and communications skills, cultural acuity, and a comprehensive understanding of food operations.

David DiSalvo, District Manager for Aramark at USF, finds this robust partnership to be a source of pride and inspiration: “It would be difficult to find a program that has comparable rigor and depth to USF. Having strong ties between academia and industry is not only key to our strategic pipeline of talent but also allows students to have a sophistication about the intricacies of hospitality management upon graduation. The opportunities for learning, development, and innovation created through partnerships like this are endless.”

Aramark executives are regularly featured as guest speakers in USF hospitality classes, providing guidance, inspiration, and networking opportunities for future hospitality leaders. Students actively engage with Aramark in class research projects—an endeavor that develops research skills and provides Aramark valuable insights that inform ongoing operations and strategic initiatives.

Students take International Hospitality Management and Introduction to Food Management classes in a teaching lab space at the Argos Exchange restaurant on USF’s Tampa campus, and the partnership has spurred creative projects such as the USF Hospitality Food Sustainability Student Competition and campus engagement events to highlight USF’s diverse community through cuisine.

“When I speak about partnership with Aramark Collegiate Hospitality, I talk about the Hospitality Ecosystem on campuses,” said Jack Donovan, President and CEO of Aramark’s higher education division. “We are not satisfied with transactional relationships. What we do is analyze a school’s culture and needs and build a system that supports many audiences and enhances what that campus can offer its community. Our collaboration with USF represents the best of this.”

About USF School of Hospitality and Tourism Management
The University of South Florida School of Hospitality and Tourism Management is one of six schools in the Muma College of Business, which leverages analytics, critical thinking and creativity to empower its scholars and graduates to lead and transform the future of business. Accredited by the Association to Advance Collegiate Schools of Business-International, the Muma College of Business works to drive student success, produce scholarship with impact, and generate innovation in partnership with our community. The college comprises business programs on all three USF campuses across Tampa Bay and serves more than 8,400 students.

About Aramark
Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 18 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Aramark has been recognized on FORTUNE’s list of “World’s Most Admired Companies,” DiversityInc’s “Top 50 Companies for Diversity” and “Top Companies for Supplier Diversity,” Newsweek’s list of “America’s Most Responsible Companies 2023,” the HRC’s “Best Places to Work for LGBTQ Equality,” and scored 100% on the Disability Equality Index. Learn more at www.aramark.com and connect with us on LinkedIn, Facebook, X (formerly known as Twitter), and Instagram.

CHICAGO, March 19, 2024 – McDonald’s Corporation (NYSE: MCD) today announced the retirement of Enrique “Rick” Hernandez, Jr. as non-executive Chairman of the company’s Board of Directors, effective as of the date of the Company’s 2024 Annual Shareholders’ Meeting. Following Rick’s retirement, Chris Kempczinski will assume the combined role of Chief Executive Officer and Chairman of the Board, and Miles White will assume the role of Lead Independent Director.

The Company also announced the nomination of Mike Hsu, Chairman and Chief Executive Officer of Kimberly-Clark Corporation, as an independent director of the Board.

“It has been an honor to serve on the McDonald’s Board and witness first-hand how the Company has evolved to become one of the world’s most recognizable and successful brands,” said Rick Hernandez, McDonald’s Chairman of the Board. “As I reflect on my tenure with McDonald’s, I’m inspired by the remarkable leaders with whom I’ve had the privilege to serve. Starting with Fred Turner, these leaders became my partners and friends and I’ll forever cherish those relationships.”

During his 28 years of service on the Board, McDonald’s has delivered over 2,000% in total shareholder return. The company also more than doubled its restaurant count, including expanding into more than 100 markets.

“Having served alongside Chris, who is now in his fifth year as CEO, I know he is uniquely placed to unify the two roles of CEO and Chairman to ensure McDonald’s advances in lockstep with today’s ever-changing business and social landscape,” continued Hernandez. “Now is the right moment to evolve that Board’s structure, and I look forward to seeing McDonald’s continue to flourish for years to come as a lifelong supporter, advocate and customer.”

“Rick has been a tremendous advisor to McDonald’s since joining the Board in 1996, including serving alongside eight McDonald’s CEOs. His vision, thoughtful counsel, and dedication to McDonald’s created a blueprint for us all in how to navigate change and uphold our leading position in the industry,” said Chris Kempczinski, McDonald’s President and Chief Executive Officer. “On behalf of the Board, I would like to thank Rick for his unwavering commitment and leadership to McDonald’s.”

“I am honored to assume the role of Chairman of the Board of Directors of McDonald’s following our Annual Shareholders’ Meeting. As Chairman and CEO, I am committed to advancing our Accelerating the Arches strategy and continuing to deliver strong performance,” said Kempczinski. “In today’s dynamic environment, I will ensure that McDonald’s remains nimble as we continue building the strength of the McDonald’s brand and work alongside our new Lead Independent Director Miles White to uphold accountability and governance.”

With more than 30 years of experience in the consumer products industry, Mike Hsu, Chairman of the Board and Chief Executive Officer of Kimberly-Clark, has been nominated to McDonald’s Board of Directors. Before becoming CEO in January 2019, Hsu served as Kimberly-Clark’s President and Chief Operating Officer.

“I am pleased to welcome a leader of Mike’s caliber as a nominee to the Board of Directors as we continue to build on the strength of the brand and drive long-term value for all stakeholders,” continued Kempczinski. “Mike is a veteran of the consumer products industry with a global perspective that will be invaluable to McDonald’s as we continue to steer the Company towards sustained growth.”

“It is an honor to be nominated to McDonald’s Board and to be part of what is undeniably one of the most iconic and beloved brands,” said Mike Hsu, Kimberly-Clark Corporation Chairman of the Board and Chief Executive Officer. “I am excited to partner closely with Chris and the Board as McDonald’s continues to deliver strong performance and drive real impact in communities across the world.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 40,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners.

Forward Looking Statements
This document contains forward-looking statements about future events and circumstances.

MGM Collection with Marriott Bonvoy, the brand created by two hospitality powerhouses, MGM Resorts International and Marriott International, opens up a world beyond the ordinary. Now accepting reservations for 16 iconic hotel and resort destinations on Marriott.com and the Marriott Bonvoy app, MGM Collection with Marriott Bonvoy offers an all-access pass to the world’s largest stage. Marriott Bonvoy Moments® inspired by MGM Collection – from curating the production of the legendary Bellagio fountain show to the heart-pumping thrill of aerial acrobatics with jaw-dropping Cirque du Soleil performers – will transform a stay into a once-in-a-lifetime memory.

“Our commitment to providing unforgettable experiences is at the heart of everything we do. Travelers are seeking larger-than-life moments that speak to their passions and the destinations they love, and this guides our approach to orchestrating the guest and Marriott Bonvoy member experience at MGM Collection properties,” said Peggy Roe, Executive Vice President and Chief Customer Officer, Marriott International. “MGM Collection with Marriott Bonvoy is the fusion of two experiential giants in MGM Resorts and Marriott International that will provide epic and extraordinary moments for our guests – through world-class acts, impeccable service, and endless opportunities to indulge – as delivered by some of the most recognizable resorts in Las Vegas and the United States.”

For the reveler in every traveler – the seeker of thrills, the collector of experiences – MGM Collection with Marriott Bonvoy exhilarates at every turn, featuring:

New York-New York Hotel & Casino, MGM Collection
MGM Grand Hotel & Casino
Mandalay Bay Resort and Casino, MGM Collection
Vdara Hotel & Spa, MGM Collection
The Signature at MGM Grand
Luxor Hotel & Casino, MGM Collection
Excalibur Hotel & Casino, MGM Collection
Borgata Hotel Casino & Spa, MGM Collection (Atlantic City, New Jersey)
Beau Rivage Resort & Casino, MGM Collection (Biloxi, Mississippi)
MGM Grand Detroit (Detroit, Michigan)
MGM National Harbor (Oxon Hill, Maryland)
MGM Springfield (Springfield, Massachusetts)
Of the 16 MGM resorts comprising MGM Collection with Marriott Bonvoy, four of the properties are also affiliated with existing Marriott collection brands:

Bellagio, a Luxury Collection Resort & Casino, Las Vegas
ARIA Resort & Casino, Autograph Collection
Park MGM Las Vegas, a Tribute Portfolio Resort
Continuing its affiliation with Autograph Collection is The Cosmopolitan of Las Vegas, Autograph Collection
Steve Zanella, President of MGM Resorts Operations, said, “MGM Resorts destinations are iconic for their breadth of unrivaled entertainment experiences, world-class dining and superior hospitality. With the MGM Collection, we are thrilled to unveil the world MGM Rewards members have been experiencing for years to Marriott Bonvoy’s passionate members.”

Marriott Bonvoy Moments: Collect the Extraordinary in Las Vegas + Beyond
Unmatched entertainment and sports offerings reach new heights with Marriott Bonvoy Moments. These extraordinary packages provide larger-than-life experiences that Marriott Bonvoy members can redeem with points earned through stays and everyday activities. Marriott Bonvoy Moments inspired by MGM Collection unveiled today, with much more to come, include:

Choreograph the World-Famous Bellagio Fountain Show – The Fountains of Bellagio have served as the stage for many of Las Vegas’ most epic moments. Now, for the first time in Bellagio’s 25-year history, one lucky Marriott Bonvoy member will leave their mark on this Las Vegas icon, as they step into the role of maestro and curate the production of the show, from selecting a new song to the aquatic artistry of the choreography. With a visit to the WET Campus, the fountains’ design studio, they will work hand-in-hand with the show’s producers before witnessing their masterpiece come to life when they visit Las Vegas with five of their closest friends for an exclusive fountain show premiere. (1 package available starting March 6)
The Ultimate Golf Weekend at Shadow Creek – True fans of the game can start a new tradition to celebrate the best Sunday in golf. From playing Shadow Creek, one of the country’s most exclusive golf courses, to a VIP Bungalow Bay at Topgolf at the MGM Grand Hotel & Casino with three friends during golf’s biggest major on April 14, this weekend is a golf lover’s dream. (1 package available starting March 6)
Cirque du Soleil, the MGM Collection Way – Journey further behind-the-scenes than ever before at four of Cirque du Soleil’s most awe-inspiring shows – KÀ, Michael Jackson ONE, Mad Apple, and “O.” This one-of-a-kind experience will immerse guests in the artistry of these world-renowned shows with special access, exclusive meet and greets with the artists, a pre-show VIP experience and premier show seating, and dining at MGM Resorts’ renowned restaurants. From the mind-bending acrobatics and story of KÀ to the surrealism and theatrical romance in “O,” this is the ultimate weekend for passionate patrons of the arts. (1 package available starting March 6)
Play, Stay and Earn Your Way
Marriott Bonvoy members can earn and redeem Marriott Bonvoy points at MGM Collection destinations with qualifying stays and enjoy unique benefits when they reserve through Marriott’s booking channels. Members of MGM Resorts’ award-winning loyalty program, MGM Rewards, are eligible to link accounts with Marriott Bonvoy to directly Tier Match and receive member benefits.

Marriott Bonvoy’s separate collaboration with BetMGM, a leading iGaming and sports betting operator, will have an initial launch in certain states on March 7 with additional states anticipated to launch shortly thereafter. Members can enjoy online gaming and the opportunity to earn points while playing, then transferring the points to their Marriott Bonvoy account for future free nights at Marriott Bonvoy hotels, including MGM Collection. Members who link their accounts and play will be able to earn Marriott Bonvoy points on certain BetMGM transactions, and participate in exclusive games, experiences, and offers on the BetMGM platform. BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation.

For those seeking more thrills, visit mgmcollection.marriott.com and follow along via @mgmcollection.

Note on Forward Looking Statements
All statements in this press release are made as of March 6, 2024. Neither Marriott International, Inc. nor MGM Resorts International (“we” and “our”) undertakes any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains “forward-looking statements” within the meaning of federal securities laws, including statements related to expected arrangements between Marriott International and BetMGM; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we describe in our Securities and Exchange Commission filings, including our most recent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

About MGM Collection with Marriott Bonvoy
MGM Collection with Marriott Bonvoy creates unforgettable, larger-than-life memories with exhibitions of brilliance and extraordinary service for the reveler in all of us. With an unrivaled portfolio of hotels and resorts, MGM Collection includes Las Vegas icons such as Mandalay Bay Resort and Casino​, MGM Collection, and gaming paradises across the United States, such as MGM Springfield. MGM Collection with Marriott Bonvoy is the groundbreaking strategic alliance between MGM Resorts International and Marriott International, and participates in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

About Marriott Bonvoy®
Marriott Bonvoy, Marriott International’s portfolio of over 30 hotel brands and 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram, and TikTok.

Seattle — Starbucks Coffee Company (NASDAQ: SBUX) announced that it is creating a more accessible store experience across its U.S. store portfolio through an Inclusive Spaces Framework. Building on the company’s commitment to inclusion, the new design framework defines how Starbucks will help expand independence, choice and ease for all people across physical and digital spaces. The first store to be built using the inclusive design framework opens today in Washington, D.C. and features items such as optimized acoustics and lighting for improved visual and audible communication for customers and accessible equipment designs for a better partner (employee) experience among other features.

The Inclusive Spaces Framework was created in partnership with a diverse community of customers, partners and accessibility experts to develop scalable solutions for retail spaces. Moving forward, all newly built and renovated Starbucks company-operated stores in the U.S. will begin to incorporate the framework, a key milestone in ensuring Starbucks continues to expand accessibility and inclusion. The framework will also be open sourced and further developed to help expand accessibility across the retail industry.

“At Starbucks, we have challenged ourselves to imagine what’s possible when we take a closer look at the many ways our partners and customers interact with us and experience our stores every day,” said Katie Young, senior vice president of store operations. “Building and scaling an Inclusive Store Framework is central to our mission of connection and will lead to greater access for all.”

An estimated one in four adults in the United States has a disability and Starbucks is working to better meet the needs of its partners, customers and communities. The Inclusive Spaces Framework is already intentionally embedded into the company’s rapid store growth plans in the U.S.

As Laxman Narasimhan, chief executive officer of Starbucks, shared during the recent Q1 FY24 earnings call, the company is bullish on new store openings and their strong unit economics. Starbucks plans to continue open more stores, growing by approximately 4% this year in the U.S. on a base of over 16,000, including licensed stores. Further, new company-operated stores in the U.S. are averaging unit volumes of approximately $2 million with ROIs of approximately 50%. With strong unit economics and abundant opportunity ahead, new store growth in the U.S. will continue to fuel the company’s Triple Shot strategy.

Starbucks Debuts Inclusive Spaces Framework in Washington, D.C. Store on Feb. 16

The first Starbucks store to be built using the Inclusive Spaces Framework guidelines opens on Friday, Feb. 16. in Washington, D.C., at Union Market (331 N Street, NE, Washington, D.C. 20002). Learn more about the partners at the Starbucks store at Union Market and take a virtual tour of the new cafe.

Bringing the Inclusive Spaces Framework to Life

The Inclusive Spaces Framework aims to bring more inclusive innovation in physical and digital spaces, while enabling Starbucks to scale the accessibility across its store portfolio.

Some of the physical and digital features that Starbucks will begin to incorporate include:

Updated Point-of-Sale (POS): The updated point-of-sale (POS) system is customized to meet the needs of more partners and customers. It’s now portable for improved ease of use with customers, has an adjustable angle stand for better visibility, an intuitive and customizable layout, offers voice assist and screen magnification, shows images of menu items to support language diversity and provides visual order confirmation to help ensure order accuracy.
Customer Order Status Boards: Customer order status boards will offer customers visual update on where their order is in the process, and when it’s ready to be picked up – providing multiple ways of communicating.
Power-Operated Doors: Wherever possible, doors to store entrances will include a longer vertical push button that is easier to activate from more heights and angles, designed to reduce the effort required to open the door.
Optimized Acoustics and Lighting: Acoustics and lighting features help create a more inclusive auditory and visual experience for customers and partners. Stores will use materials to reduce unwanted background noise and reverberation that can interfere with assistive devices like hearing aids, and lighting that minimizes glare, shadow patterns and backlighting that can impede visual communication.
Inclusive Equipment Design: Starbucks Clover Vertica™ brewer was built to include a more accessible store experience for our partners including design features such as a larger dial and button that protrude for a more accessible reach and visual and haptic confirmation, including a light to notify when brewing is complete.
Paths of Travel: Store designs will create a continuous, unobstructed pedestrian path, allowing people to approach, enter, explore, enjoy and exit the store with ease where possible. This includes open sightlines, barrier free pathways with more accessible wayfinding to accommodate varying heights, distances and iconography.
Connection: To nurture a culture of connection between customers and partners, counters are lower with overhangs to accommodate wheelchair access and support better communication when picking up food and beverages.
“Starbucks opening of their new store built with inclusive design elements is a big moment as we try to make retail spaces more accessible and inclusive,” said Tony Coelho, a former U.S. congressman, primary author and sponsor of the Americans with Disabilities Act (ADA). “We have to go beyond just what is required to put accessibility and inclusion first to ensure all people feel like they belong in community spaces.”

Upholding a culture of warmth and belonging
Since the earliest days of the company, Starbucks has worked to create a culture of warmth and belonging in its stores – a place where everyone is welcome. This includes Starbucks collection of artwork featured at stores that celebrate community, 23 Signing Stores across the globe, free access to free Aira services that help blind or low vision customers navigate the cafes and Disability Advocacy Partner Network (employee resource group) which has contributed to the success of Starbucks partners and the company since 2016.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at http://news.starbucks.com or www.starbucks.com.

Louisville, KY, February 13, 2024 – Yum! Brands, Inc. (NYSE: YUM) and the University of Louisville today announced the launch of new “Accelerating Growth” executive education programs at the Yum! Center for Global Franchise Excellence. The new programs will focus on equipping operations leaders to take on senior management roles in franchise organizations, an area identified as a key opportunity by franchisees and leadership at the Yum! Center for Global Franchise Excellence, which has been providing education for aspiring entrepreneurs through the UofL College of Business since 2021.

As part of its $100 million global Unlocking Opportunity Initiative, Yum! Brands is providing more than $800,000 in funding to launch the “Accelerating Growth” programs, which is in addition to the $3.5 million commitment the company made to launch the Yum! Center for Global Franchise Excellence in 2021. The goal of Yum! Brands’ Unlocking Opportunity Initiative is to create opportunities for education and entrepreneurship for employees, frontline restaurant teams and communities around the world.

The two new “Accelerating Growth” education tracks will launch in the summer and fall 2024 semester and will focus on training attendees to upskill their franchising education.

“Yum! Brands is passionate about the franchise business model, and capable franchise leaders are the lifeblood of every successful franchise system. As the franchisor of choice for the industry, we are thrilled to partner with the University of Louisville and address a need of the industry – training a new generation of leaders to take on senior management roles in franchise businesses,” said Wanda Williams, Head, Global Franchising, Yum! Brands. “Since its launch in 2021 as part of our Unlocking Opportunity Initiative, the Yum! Center for Global Franchise Excellence has helped prepare hundreds of students for successful careers and business ownership opportunities by building knowledge about the franchising industry,”

Two new education tracks will be offered as part of the “Accelerating Growth” program, which will develop the skills necessary to run and grow a large franchise business: a six-month Level 1 program designed to train General Managers and Area Coaches for a Vice President role, and an advanced one-year program customized to prepare Vice Presidents for a role as President of a franchise organization. Both programs include online and experiential education, and the advanced program also includes a final simulation and development of a business plan.

“The ‘Accelerating Growth’ program is an exceptional addition to the multilevel franchise education offered by our center at the University of Louisville and is yet another way we can create opportunities for professionals across the franchising industry. We are incredibly grateful for Yum!’s continued support for the center and this opportunity to expand the center’s programs,” said Kathleen Gosser, Director of the Yum! Center for Global Franchise Excellence and Assistant Professor in the UofL College of Business.

Since the launch of the Yum! Center for Global Franchise Excellence at the University of Louisville, total enrollment has exceeded 900 students – 423 undergrad, 50 graduate-level and 500 executive education enrollees.

In addition, The Center launched the annual Yum! Franchise Accelerator Fellowship in 2022, a collaborative effort between the University of Louisville, Howard University and Yum! Brands, which offers a unique opportunity for four MBA students from the two universities. Participants in the annual program are granted $10,000 scholarships and receive personalized training and mentorship from industry experts during an immersive educational journey centered around the franchise business model. Each accelerator program culminates in a pitch competition featuring a $10,000 cash prize, while establishing winners as top candidates for promising franchising careers. The Yum! Franchise Accelerator Fellowship is open to all eligible students regardless of race, color, national origin, sex, disability, or age.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 58,000 restaurants in more than 155 countries and territories under the company’s concepts – KFC, Taco Bell, Pizza Hut and the Habit Burger Grill. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. The Habit Burger Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America for the eighth consecutive year, and the company was recognized among TIME Magazine’s list of Best Companies for Future Leaders and Newsweek’s list of America’s Most Responsible Companies. Yum! also received widespread recognition in 2023, including being listed on the Bloomberg Gender-Equality Index; Forbes’ list of America’s Best Employers for Diversity; and Newsweek’s list of America’s Greenest Companies. In addition, KFC, Taco Bell and Pizza Hut brands were ranked in the top five of Entrepreneur’s Top Global Franchises Ranking for 2023.

About the University of Louisville
Founded in 1798 as one of the nation’s first city-owned, public universities, the University of Louisville (UofL) is a vital ecosystem that creates thriving futures for students, our community and society. As one of only 79 universities in the United States to earn recognition by the Carnegie Foundation as both a Research 1 and a Community Engaged university, we impact lives in areas of student success and research and innovation, while our dynamic connection with our local and global communities provides unparalleled opportunities for students and citizens both. The university serves as an engine that powers Metro Louisville and the commonwealth and as a classroom for UofL’s more than 23,000 students, who benefit from partnerships with top employers and a wide range of community service opportunities.

SEATTLE – Starbucks Corporation (Nasdaq: SBUX) confirmed that it has received a notice of nomination by Strategic Organizing Center (SOC) Investment Group of three director candidates for election to the Starbucks Board of Directors at its 2024 Annual Meeting of Shareholders.

The Company issued the following statement:

The Starbucks Board and executive leadership team regularly engage with all stakeholders, and we are committed to constructive dialogue that furthers our collective goal of creating long-term value for all stakeholders.

Since its founding, Starbucks has been committed to a process of continuous improvement and transformation at all levels and has consistently sought to create opportunities for its partners. That continues today through our ongoing dialogue with our partners, as well as all of our stakeholders. As the world has emerged from the COVID-19 pandemic, the Board and leadership team have evolved to meet the needs of a new era. A year ago, the Board brought in Laxman Narasimhan as the ceo of Starbucks through a unique six-month immersion leading up to a refounding of the company. Earlier this month, Narasimhan launched a new mission that puts our partners at the center of our purpose.

Today, Starbucks has a diverse, engaged, and independent Board with a balanced mix of experience, skills, and perspectives. Starbucks Board is made up of eight highly qualified directors, four of whom are new in the past year and seven of whom are independent. These individuals bring extensive experience across areas critical to Starbucks business including human capital management, international operations and distribution, corporate social responsibility, and capital allocation.

In our Board meeting last week, the Board decided to create a new Environment, Partner and Community Impact committee, formally announced yesterday to be led by Beth Ford, CEO of Land O’Lakes. This committee is a continued evolution of the overall governance approach to the company.

Over the past three years, we have deepened our commitment to this approach and invested nearly $9 billion to uplift the overall partner and store experience, with more than one third of that investment going directly to the partners through wage increases, training, new innovative equipment and technology. This represents the reinvestment of an average of nearly 20% of Starbucks fiscal year profits back into the partner experience with that level of investment expected to continue in fiscal year 2024. These investments have led to a more consistent partner experience in company-operated stores across the U.S. Coupled with higher wages and the expansion of hours, these investments have not only resulted in lower turnover – which is now below pre-pandemic levels – but we have also increased hourly total cash compensation by nearly 50% since fiscal year 2020.

The Board’s Nominating and Corporate Governance Committee will review SOC Investment Group’s proposed director nominee[s] in accordance with its normal process, and the Board will present its formal recommendation regarding director nominees in the Company’s proxy statement and other materials to be filed with the Securities and Exchange Commission. Starbucks shareholders are not required to take any action at this time.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at https://stories.starbucks.com or www.starbucks.com.

McDonald’s and Glovo have agreed to a new, long-term global strategic partnership that will evolve their existing agreement to provide consumers and McDonald’s franchisees with the convenience and value of McDelivery through the Glovo platform across the world.

The partnership will strengthen the companies’ relationship in Glovo’s core markets, increasing choice and selection on the platform for consumers, and enhancing the consumer experience when using the Glovo platform to order McDelivery. ​ Additionally, this partnership showcases Glovo and McDonald’s commitment to providing and continuing to evolve what a seamless customer experience means for customers.

Delivery is a significant component of McDonald’s Accelerating the Arches growth strategy to drive the business forward while providing a fast, easy experience for customers. Since the launch of McDelivery, McDonald’s delivery footprint has grown from 3,000 restaurants to more than 35,000 restaurants across nearly 100 markets through partnerships with both local and global platforms.​ ​​

Rodrigo Alier, Executive Director Partners & Brands at Glovo:

“This new global partnership is the next big step with our long-time partner, McDonald’s, in Glovo’s core markets. Glovo’s strategy is to become the best digital ally for restaurants, enabling new opportunities to keep growing the market together, and we look forward to providing a seamless experience for customers when they choose us for their McDonald’s favorites.”

​​Glovo operates in 25 countries around the globe and +1,500 cities. With technology at the core of Glovo’s business, the company is committed to creating innovative solutions by connecting customers, businesses and couriers.

As the world’s largest restaurant company, McDonald’s offers partners unique advantages, including an iconic brand, unmatched proximity to customers around the world, demand throughout the day, operational excellence​ ​and world-class marketing expertise.

About McDonald’s    
McDonald’s is the world’s leading global foodservice retailer with over 40,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners.    

​​About Glovo​​​
Glovo is a pioneering multi-category app connecting customers, businesses and couriers, offering on-demand services from local restaurants, grocers and supermarkets, and high street retail stores. Glovo’s vision is to give everyone easy access to everything within their city, so that our users can enjoy what they want, when they want, where they want. Founded in 2015 in Barcelona, it operates across 25 countries in Europe, Central Asia and Africa.

For more information about Glovo, please visit: https://about.glovoapp.com/en/.

Forward-Looking Statements
This press release contains certain forward-looking statements, which reflect expectations regarding future events and operating performance. Forward-looking statements involve a number of risks and uncertainties. Certain factors that could cause actual results to differ materially from expectations are detailed in McDonald’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and neither McDonald’s nor Glovo undertakes any obligation to update such forward-looking statements except as may otherwise be required by law.

LAS VEGAS, — Wynn Resorts has released its latest Environmental, Social and Governance (ESG) Report, outlining the Company’s 2022 responsibility programs. The report showcases ongoing initiatives including an expanding Diversity and Inclusion program, local philanthropic efforts, and new benchmarks in renewable energy.

“While there are many achievements outlined in this year’s ESG report, the thing I am most proud of is the substantial impact of our employees,” said Craig Billings, CEO of Wynn Resorts. “Our talented and dedicated team continues to press forward to make a positive impact and set even bigger goals for the future.”

The 2022 ESG report illustrates long-standing corporate values of giving and programs that govern fair, transparent, and ethical behavior. Under the pillars of Our People, Our Communities, and Our Planet, notable actions include:

Wynn Resorts introduced its inaugural Diversity Week, advancing the Company’s commitment to a diverse and inclusive workforce. Diversity Week promotes celebration, education, and understanding of diversity and inclusion and the various cultures existent within the Company. Daily activities across North America occurred over a one-week period in August and highlighted the Company’s three diversity focus areas: Workplace, Marketplace, and Community. The Company continues to invest in the Historically Black Colleges and Universities (HBCU) Recruitment Initiative, which builds partnerships with HBCUs that have hospitality and tourism programs. Through campus visits and targeted engagement, the program created awareness of employment opportunities with Wynn Resorts and welcomed its first cohort of graduates into the HBCU Management Training Program. In 2022, Wynn was recognized on Forbes’ list of “Best Employers For Diversity”, ranking in the top 12 companies in the Travel and Leisure category.
Employee volunteerism doubled in 2022, compared to the previous year. Wynn employees in North America collectively volunteered more than 28,000 hours in 2022, with employees at Encore Boston Harbor accounting for three times the volunteerism impact compared to the previous year.
2022 set a record-breaking precedent for employee giving to the Wynn Employee Foundation. More than 2,500 employee donors generously gave more than $800,000, the highest historical fundraising year for the Company. The Wynn Employee Foundation raises funds from employees to give back to the communities in areas where the Company operates. Wynn matches donations to the Employee Foundation dollar for dollar up to $75,000 per employee – the highest corporate match in the hospitality industry.
Wynn Las Vegas determined that 49% of last year’s operational business hours were provided by carbon-free energy. The Company’s prior investment in energy independence laid the groundwork for continued development of renewable production resources in 2022, moving toward its goal to be Net-Zero by 2050. The Company invested in cutting edge technology to gain real-time insight into the sources of purchased electricity and the resort’s carbon footprint.
The Wynn Resorts ESG Report presents information that references select Global Reporting Initiative (GRI) Standards and Sustainability Accounting Board Standards (SASB). The full report is available at WynnResponsibility.com.

About Wynn Resorts
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com), and Wynn Palace, Cotai (wynnpalace.com).

Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 194,000 square feet of casino space, 20 signature dining experiences, 14 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 174,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course.

Encore Boston Harbor is a luxury resort destination featuring a 211,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 16 dining and lounge venues, and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts.

Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,010 spacious rooms and suites, approximately 252,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 59,000 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.

Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 424,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.

WASHINGTON – American hotels will benefit from an important update to the Paycheck Protection Program (PPP). Following months of collaboration with the American Hotel & Lodging Association and hotel owners across the country, the Small Business Administration (SBA) issued new PPP eligibility guidelines today.

The update clarifies that hotel owners who utilized third-party management companies and participated in PPP are eligible for PPP loan forgiveness for payroll expenses they paid via a management company.

The changes SBA announced today will ensure that hotels facing improper loan forgiveness denials will now have their cases properly adjudicated and protect those whose loans have already been forgiven.

“AHLA heard from numerous hoteliers who were being denied PPP loan forgiveness due to their use of the common owner/management company operational model,” said AHLA President & CEO Chip Rogers. “This ran counter to the stated purpose of the program and put the bulk of hotel-related PPP loan forgiveness at risk. We are proud of the crucial work AHLA’s government affairs team did in advocating for SBA and Congress to correct this issue, and we applaud the Biden administration for making this important update to the program’s guidelines.”

Background Info
The Paycheck Protection Program was crucial to the hotel industry’s survival during the depths of the pandemic. AHLA successfully advocated during the program’s rollout for a number of provisions to ensure eligibility for the vast majority of the hotel industry. These included affiliation rule waivers and an evaluation of employee counts on a per-property basis for qualification purposes.