Restaurant News Roundup, 7/17/2019
Chipotle and Shake Shack stocks up by more than 60% so far this year, the two top performers in the restaurant industry where overall stocks are up just 11% because of weak sales and higher labor costs. Read more here: https://www.restaurantbusinessonline.com/financing/chipotle-shake-shack-lead-restaurant-stocks
Subway is expected to provide franchisees with more than $100 million in grants to help fund remodeling of over 10-thousand locations in the next year and a half. That’s about 40% of the chain’s 25,000 stores. Read more here: https://www.restaurantbusinessonline.com/financing/subway-plans-remodel-10500-locations
Restaurant associations and immigrant advocacy groups send out mass emails and information to restaurant owners and workers, alerting them to their rights should ICE agents come knocking at their doors. The ICE raids have put the restaurant industry on edge. Read more here: https://www.washingtonpost.com/news/food/wp/2019/07/12/planned-ice-raids-are-putting-the-restaurant-industry-on-edge/?utm_term=.2ab0a8ad1c06
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