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Fast food industry

Business
CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says
Ct-based Subway Announces Sale: Company Has 'Bright Future,' CEO Says The iconic sandwich seller Subway, which is headquartered in Connecticut, has announced its sale to a private equity firm.  The New Haven County-based fast food company, which is headquartered in Milford, announced that it will be acquired by affiliates of Roark Capital on Thursday, Aug. 24.  In a statement, Subway officials said the sale would be a "major milestone" in the company's history. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said Chief Executive Officer John Chid…

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by Ben Crnic
Obituaries
Danbury's Peter Buck, Subway Co-Founder, Dies Danbury's Peter Buck, Subway Co-Founder, Dies
Danbury's Peter Buck, Subway Co-Founder, Dies Fairfield County's Peter Buck, who became a billionaire after making a small investment in the sandwich shop that later became Subway, has died. Buck, a longtime Danbury resident, died Thursday, Nov. 18, at Danbury Hospital, the company announced. A cause of death was not released. He was 90 years old. In a statement by Subway CEO John Chidse, he praised Buck for his hands-on leadership style.  "We are deeply saddened by the passing of one of Subway’s founders, Dr. Peter Buck," Chidse said. "He was a shining example of a dedicated, hands-on leader, and an integral member of the S…

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by Kathy Reakes
Business
COVID-19: Here's Why Fast Food Restaurants Hiked Up Menu Prices During The Pandemic COVID-19: Here's Why Fast Food Restaurants Hiked Up Menu Prices During The Pandemic
Covid-19: Here's Why Fast Food Restaurants Hiked Up Menu Prices During The Pandemic If it feels like fast food tacos, fried chicken sandwiches, and burgers are taking a bigger bite out of your wallet than just a few months ago - you are not alone. Across the nation, fast food prices have gone up significantly during the COVID-19 pandemic, Restaurant Business reported. In fact, quickie restaurants haven't jacked up their prices like this since the Great Recession of 2008, according to Eat This, Not That. Citing government data, a Restaurant Business analysis found that prices at limited-service restaurants went up by 6.2 percent year-over-year. Meanwhile, traditional resta…

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by Kristin Palpini
Business
McDonald's CT Highway Plaza Employees Fired For Unionizing, Labor Board Says McDonald's CT Highway Plaza Employees Fired For Unionizing, Labor Board Says
McDonald's CT Highway Plaza Employees Fired For Unionizing, Labor Board Says Federal labor officials agree with Connecticut McDonald’s employees who say they were fired for attempting to organize a union. Representing the workers, Service Employees International Union Local 32BJ filed charges with the state against the international fast-food company, according to the CT Post. The SEIU L32BJ has been working with McDonald’s employees at service plazas along Connecticut's highways to organize. The SEIU said there are hundreds of employees who could potentially join a McDonald’s union. The complaint filed with the Connecticut National Labor Relations Board accused M…

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by Kristin Palpini
Business
I-95 Fast Food Workers Owed $800K In Unpaid Wages I-95 Fast Food Workers Owed $800K In Unpaid Wages
I-95 Fast Food Workers Owed $800K In Unpaid Wages Fast food restaurant workers along *I-95 are owed a total of $870,500 in lost wages, The Connecticut Department of Labor has determined. More than 260 workers of three Interstate 95 service plaza McDonald’s restaurants are owed wages from employer Mitchell Enterpresises, LLC, of New Canaan, the state Department of Labor Commissioner Kurt Westby said on Wednesday, Sept. 2. Some employees are owed as much as $12,000 in unpaid wages, Westby said. Mitchell Enterprises has been assessed a $35,800 fine it has to pay in addition to the hundreds of thousands of dollars in withheld wages. The…

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by Kristin Palpini
Business
Subway To Eliminate 300 Jobs At Headquarters In Milford Subway To Eliminate 300 Jobs At Headquarters In Milford
Subway To Eliminate 300 Jobs At Headquarters In Milford Hundreds of people will be out of a job in Connecticut as Subway announced its reducing staff at its Milford headquarters. The popular sandwich shop just announced that it will be laying off approximately 300 people as it continues to face increased competition from other restaurants. Cuts came to multiple departments, impacting approximately 30 percent of the headquarters’ workforce. Subway got its start in Fairfield County, with a single shop in Bridgeport. It now boasts more than 40,000 locations worldwide, making it the largest fast-food company in the world based on the number of loc…

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by Zak Failla