CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...» Read More
March 9- McDonald's Corp on Monday vowed to remake itself as a "modern, progressive burger company" after aggressive competition from Chipotle Mexican Grill Inc, Chick-fil-A and myriad "better burger" chains bit into U.S. restaurant sales last month. Steve Easterbrook, a McDonald's insider who led two UK- based restaurant chains before returning to the company in...
BERLIN, March 9- Sales of new kitchens are up more than 10 percent already this year at German kitchen maker Haecker. For those who would rather someone else did the cooking, roasted monkfish and turbot with truffles are flopping onto plates at Berlin's Michelin- starred restaurant Fischers Fritz. A blizzard of corporate good news shows that famously frugal...
CHICAGO/ LOS ANGELES, March 8- McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies. McDonald's will use its purchasing muscle as the world's largest restaurant chain to avoid passing extra costs on to...
*Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...
BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...
The Mandarin Oriental Hotel Group suffered a security breach that exposed customer's credit card data, according to a new report.
How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.
Despite the proliferation of fast-food restaurants and burger joints, there's still room for growth, Sonic CEO Cliff Hudson tells CNBC.
All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.
Starwood Hotels founder Barry Sternlicht says the CEO change at the international hotel chain reflected a concern about lagging innovation.
Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.
Sonia Cheng, CEO of Rosewood Hotel Group, explains her bullish outlook on China's hospitality sector in this week's "Managing Asia."
Oversupply is a growing problem in Asia's hospitality market, but the boss of Rosewood Hotel Group regards it as "healthy competition."
The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels.
Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.
Discussing Q4 earnings, Stephen Holmes, Wyndham Worldwide CEO, says the company is not terribly impacted by a strong dollar.
Competition to snag a reservation at hot eateries borders on cutthroat. Enter Resy, a new app that can get you a table, but at a price.
A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.
Atlantic City is engaging in another type of gamble: convincing investors to buy its junk-rated bonds.
The euro "has been a concern," but the year is shaping up to be strong for travel, a vacation rental company executive tells CNBC.