WAGE HIKES FORCE LARGE-SCALE RESTAURANT CLOSINGS, STUDY FINDS

A survey of employers and employees also shows widespread elimination of jobs and cutbacks in hours. Source: https://www.restaurantbusinessonline.com/ By Peter Romeo Apr. 16, 2019 Nearly 1 out of 10 restaurateurs in areas with a recently increased minimum wage have closed an operation since the cost hike, and 71% have attempted to pass along the rise…

Heineken has a plan to make Americans love beer again

Source: https://www.cnn.com/ By Danielle Wiener-Bronner, CNN Business April 15, 2019 Americans are drinking less beer. Heineken has a plan to fix that. Over the past four years, American beer consumption slid 5%, according to research firm Mintel. A quarter of US beer drinkers said in August that they consume less beer now than they did…

Is the Applebee’s Dollarita Too Good to Be True?

Last year, the restaurant chain rolled out $1 Margaritas across the country-and it turns a profit on every single one. Source: https://punchdrink.com/ JASON HORN APRIL 5, 2019 Applebee’s has had a rough few years. As it strains towards its 40th birthday in 2020, the “Neighborhood Grill + Bar” chain closed more than 100 locations in…

Update on behalf of Breakthru Beverage Group and RNDC

Source: Res Publica April 5, 2019 Republic National Distribution Company and Breakthru Beverage Group today jointly announced that the proposed business combination of the two companies has been terminated and the related Hart-Scott-Rodino filing with the United States Federal Trade Commission (FTC) has been withdrawn. While both companies were optimistic about the prospects of the…

Pritzker signs Tobacco 21 measure into law

Illinois will become the eight state to raise the legal age to 21 to buy or use tobacco products after Gov. J.B. Pritzker signed new legislation into law Sunday afternoon. Flanked by lawmakers and public health advocates in Chicago, Pritzker signed the Tobacco 21 bill, which goes into effect July 1. The new law raises…