Competitor News

Major executive changes continue at Starbucks as COO John Culver announced he will be leaving the Seattle firm effective October 3. His departure comes in the wake of CEO Kevin Johnson retiring in April, General Counsel Rachel Gonzalez leaving in May and North American President Rossann Williams leaving in June. Culver has been with Starbucks…

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Competitor News

Earlier this week, Starbucks announced that EVP and President of US and Canada operations Rossann Williams was leaving the company. Williams played a prominent role in the company’s initial fights with unionization efforts in upstate New York – largely successful for the union – when the unionizing issue first arose back in February. Since that…

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Competitor News

The big news amongst competitors this week was the formal filing of the Krispy Kreme Initial Public Offering (IPO) where the company is expecting a valuation of $4 Billion. With 87% of its US stores having a drive-thru, company sales in 2020 were the highest ever at $1.122 billion, up from just under $1 billion…

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Competitor News

Krispy Kreme going public again commanded a good amount of news coverage recently, and rightly so. The North Carolina-based donut chain with about 1500 units nationwide filed an IPO earlier this week looking to raise $100 million through the offering. The company was previously publicly traded until JAB Holdings took it private just 5 years…

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Competitor News

Krispy Kreme may be going public again, after being privately held by JAB Holdings since it acquired the Winston-Salem based chain out of bankruptcy just about five years ago. Krispy Kreme officials acknowledged earlier this week that it had confidentially filed a draft initial public offering (IPO) with U.S. regulators. The IPO still must be…

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QSRs Find Their Footing in Uncertain Times

The Dunkin’ shop on Bragg Boulevard in Fayetteville, N.C. is a microcosm of the impact COVID-19 has had on the chain restaurant business. The newly remodeled next-generation shop is near a cluster of quick serve and fast casual restaurants like Krispy Kreme, McDonalds, Pizza Hut and Dominos, along with local barbeque, Chinese and Mexican take-out…

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Competitor News

Krispy Kreme announced this week that the company’s new flagship store in New York’s  Times Square is slated to open on September 15. The store was originally scheduled to open back in June of 2019, but that opening was delayed for months until May of this year when the coronavirus pandemic pushed it off further.…

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Competitor News

With plant-based proteins all the rage over the past year or so, Starbucks announced last week that it too is joining the craze, but at this point, just north of the border.  The company announced last week that on March 3 across Canada, it will launch a Beyond Meat breakfast sandwich, the first imitation meat…

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Competitor News

As more QSR brands engage their customers with plant-based additions to their menus, Tim Hortons is going the other way with an announcement this week that the company has removed its Beyond Meat offering from all stores within the provinces of Alberta and Calgary. Tim’s had previously ceased offering plant-based options in all Canadian stores…

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Competitor News

Krispy Kreme walked back its earlier decision to bring the hammer down on enterprising college student Jayson Gonzalez. The college senior was driving 8 hours one way to Iowa to purchase dozens of Krispy Kreme donuts weekly. He would then drive back to his college in Minnesota where there are no stores and resell the…

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