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The casual-dining restaurant’s restructuring agreement is meant to equitize the company’s debt.
Casual-dining brand cites coronavirus pandemic in restructuring effort; investor Thompson Hospitality proposes purchase of chain.
Burger chain had named 16-year company veteran as president in July 2019.
Management sees opportunity as independent restaurants close.
Chipotle is upcycling nearly 300 million avocado pits used per year in its restaurants to make a plant-based dye; the new product line also includes branded baby clothes, leggings, tops and tees, jackets, cell phone cases, water bottles, socks, tote bags; Chipotle plans to donate profits to organizations that focus on making fashion or farming more sustainable.
The brand reveals new strategies to generate revenue amid plunging sales due to the pandemic; the company taps cloud kitchens in United Kingdom; LAX Shack permanently closes.
Casual-dining brand expects coronavirus uncertainty and volatility will remain over coming months and quarters.
Jim Sullivan outlines how to lead a successful team during challenging times.
Same-store sales are still down at the restaurant chain, but improving each month.
CEO Chris Kempczinski, acknowledging lost team members at McDonald’s, also announces plan to partner with Mayo Clinic to enhance coronavirus safety protocols at Worldwide Connection event held Wednesday.
