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Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

McDonald’s, looking to boost traffic, considers a $5 value meal

The fast-food giant, which has shifted its focus to value, is working to convince franchisees to go along with a bundled meal featuring a McChicken or a McDouble. The plan is expected to pass.

The fast-food giant is shifting spending to digital marketing and plans to invest “hundreds of millions” into digital innovation, including new ordering channels, personalization and loyalty.

Starbucks is preparing its own energy drinks, following Dunkin’, as chains like Dutch Bros—and convenience stores—find success with the beverages.

The former CEO of the coffee shop giant, who handpicked the current chief executive, said the company’s problems “begin at home.” And he urged the chain to overhaul its mobile ordering platform.

The fast-food burger chain wants to build more restaurants. To speed growth and fulfill the chain's potential, it needs to generate more sales and restaurant profits.

The Bottom Line: Early earnings from major restaurant chains suggest the consumer has taken a distinct turn for the worse so far in 2024.

The venerable chicken chain is losing ground to Popeyes and other chicken restaurant competitors domestically. But parent company Yum Brands says it has a plan for a reset.

The fast-food chain is expanding its “Royal Reset” remodel program to fund more restaurant remodels through 2028.

The fast-food sandwich giant is finally changing hands after the sale to the private-equity firm was delayed over regulatory concerns.

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