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 […]
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 […]
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 […]
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 […]
SEATTLE – Starbucks has certified its 3,508 Greener Stores globally, expanding the program to 20 markets, with many first-in-market Greener Stores across Asia Pacific, Europe, the Middle East and Africa, and Latin America and the Caribbean. Greener Stores are just one example of how Starbucks is working to reduce its environmental impact and build a […]
NEW YORK, June 15, 2022 — Consumers who purchase food for in-home consumption have generally experienced higher price increases relative to what they pay for menu items at quick-service and fast-casual restaurants—a trend that makes restaurants more comparatively appealing, according to Nick Cole, Head of Restaurant Finance at Mitsubishi UFJ Financial Group (MUFG). This is […]
CHICAGO, May 19, 2022 — Following its announcement that it will exit the Russian market and has initiated a process to sell its Russian business, McDonald’s Corporation announced today that it has entered into a sale and purchase agreement with its existing licensee Alexander Govor. Under this agreement, Mr. Govor will acquire McDonald’s entire restaurant […]
TORONTO, Nov. 15, 2021 – Restaurant Brands International Inc. (“RBI”) (TSX: QSR) (NYSE: QSR) (TSX: QSP) and Firehouse Restaurant Group Inc. (“Firehouse Subs”) announced today that they have reached an agreement for RBI to acquire Firehouse Subs for $1.0 billion in an all-cash transaction. The transaction offers significant long-term unit growth potential to drive attractive […]
RIYADH, Saudi Arabia, Oct. 23, 2021 /PRNewswire/ — The Saudi Arabian Government has launched the Sustainable Tourism Global Center (STGC), a multi-country, multi-stakeholder coalition that will accelerate the tourism sector’s transition to net zero emissions, as well as drive action to protect nature and support communities. New Global Coalition Will Accelerate Tourism Industry’s Transition to […]
PARSIPPANY, N.J., Oct. 5, 2021 /PRNewswire/ — Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, and Playa Hotels & Resorts (NYSE: PLYA), a leading owner, operator and developer of all-inclusive resorts in popular vacation destination in Mexico and the Caribbean, announced today the […]
