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Restaurant Industry

McDonald’s Unveils $8.5 Billion Franchisee Support Plan to Revive Growth

McDonald’s on Wednesday announced an $8.5 billion franchisee support plan as part of its expanded growth strategy, NEXT, aimed at reviving momentum after several quarters of slower performance. Launched in June, the strategy focuses...

Jersey Mike’s Targets Nearly $8 Billion Valuation in U.S. IPO

Sandwich chain Jersey Mike’s Subs is aiming for a valuation of up to $7.94 billion in its U.S. initial public offering (IPO), testing investor demand for restaurant stocks amid a recovering market for new...