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NY’s 'DQ Sisters' faced a $6M labor lawsuit they feared would ‘destroy’ them — now, their fight may protect other owners
Yahoo Finance· 2025-10-23 21:45
Core Insights - The article discusses the legal challenges faced by a small business, specifically the "DQ Sisters," due to a lawsuit related to New York State's Frequency of Pay law, which mandates weekly pay for manual workers [1][4][5] Group 1: Legal Challenges - The lawsuit originated from a former employee's claims regarding overtime and other labor-related issues, which escalated into a class action suit, resulting in a $6 million legal challenge for the sisters [1][2] - The sisters were unaware of the Frequency of Pay law, which led them to pay employees biweekly, a practice that was not flagged by their payroll company or during state audits [4][5] - Ultimately, the sisters settled the lawsuit for $450,000, but after legal fees, former employees received only about $200 each [5][7] Group 2: Community Support and Response - Following the lawsuit, the DQ Sisters received significant community support, including a GoFundMe campaign that raised over $55,000, highlighting their reputation for caring for employees [8][13] - The sisters have taken proactive steps to protect other small business owners by working with state lawmakers to amend the law, ensuring that businesses paying biweekly would only owe interest on late wages [6][7] Group 3: Business Philosophy and Employee Relations - The DQ Sisters are known for their commitment to their employees, often providing support during personal crises and fostering a family-like atmosphere within their business [3][8] - They have a history of hiring individuals with challenging backgrounds, demonstrating a belief in second chances and community upliftment [3][8]
The Fourth Edition of The MICHELIN Guide Abu Dhabi Has Been Launched
Globenewswire· 2025-10-23 21:27
Core Insights - The MICHELIN Guide Abu Dhabi 2026 has introduced its fourth edition, featuring eleven new restaurants, including three with Bib Gourmand distinctions and three retaining One MICHELIN Star awards, highlighting the city's evolving culinary scene [2][3][6] Restaurant Additions - A total of 56 restaurants are included in the 2026 selection, with 11 new additions: three new Bib Gourmand establishments and eight newly selected restaurants [6] - Notable new restaurants include Bua Thai Café, 3Fils Abu Dhabi, Goldfish, Cipriani Dolci, Antonia, Novikov Abu Dhabi, Villa Mamas, Taparelle, Pincode by Kunal Kapur, Strawfire by Ross Shonhan, and Sand & Koal [7][8][9][10][11][12][13][14][15][16][18] Awards and Recognitions - Three restaurants retained their One MICHELIN Star: Erth, Hakkasan, and Talea by Antonio Guida, showcasing their consistent excellence in gastronomy [4] - The Bib Gourmand award recognizes restaurants that provide good quality food at great prices [5] - Special Awards were given to highlight exceptional contributions in the hospitality industry, including the Exceptional Cocktail Award to Strawfire by Ross Shonhan, the Young Chef Award to Villa Toscana, the Service Award to Ray's Grill, and the Opening of the Year Award to 3Fils Abu Dhabi [19][20][21][22][23]
Beloved family restaurant chain closes another location
Yahoo Finance· 2025-10-23 20:14
Ninety years after opening its very first location and serving generations of families across the country, a beloved family restaurant chain continues to shrink its footprint, threatening its long history and signaling the possible end of an era. Friendly's has permanently closed its last Massachusetts restaurant, located at 146 Church St., Pembroke, in Boston, as reported by Boston Restaurant Talk. This marks the end of a nine-decade legacy. Following years of multiple restaurant closures, Friendly's no ...
Flanigan's Gains 39% in Six Months: How to Play the Stock?
ZACKS· 2025-10-23 18:55
Core Insights - Flanigan's Enterprises, Inc. has seen a 39% increase in stock price over the past six months, significantly outperforming the industry and major indices [1][7] - The company reported strong financial results for the 13 weeks ending June 28, 2025, with growth in revenue and earnings driven by increased sales across its restaurant and retail liquor operations [2][10] - Management has implemented pricing adjustments to counteract rising costs, although inflation remains a significant challenge [3][11] Financial Performance - Revenue and earnings growth were attributed to higher sales in restaurant food, bar sales, package store sales, and franchise-related income, while rental income remained stable [2][10] - The trailing 12-month EV/Sales ratio for Flanigan's is 0.30X, lower than the industry average of 4.50X but higher than its five-year median of 0.26X [14] Business Model and Strategy - Flanigan's operates 32 establishments, including restaurants and liquor stores, and has a franchise network that supports growth potential [8][12] - The dual business model combining restaurant and retail liquor operations has proven resilient, with both segments contributing to revenue gains [9][10] - Strategic pricing initiatives have helped maintain margins despite inflationary pressures, showcasing effective cost management [11] Market Position and Competitors - Flanigan's stock has outperformed peers like Ark Restaurants Corp. and Nathan's Famous, indicating strong market momentum despite industry challenges [1][7] - The company's focus on maintaining brand standards and performance across franchise units enhances long-term growth visibility [12] Challenges - Flanigan's faces margin pressure from rising wages, staffing shortages, and inflation-related increases in operational costs [13] - Persistent inflation and supply chain disruptions pose risks to cost stability and operational efficiency [13]
Starbucks Union set to vote on strike authorization
Youtube· 2025-10-23 18:53
Core Viewpoint - Starbucks workers are set to vote on authorizing a strike, which could disrupt CEO Brian Nichol's turnaround plans for the company [1] Group 1: Strike Authorization and Union Demands - Voting on the strike will begin tomorrow and will be open for several days, with the potential for an open-ended strike if approved [1] - Workers United is advocating for a contract that includes better hours, higher take-home pay, and resolution of numerous outstanding unfair labor practice charges, although specific pay figures are not disclosed [2] - Currently, there are no active negotiations between Starbucks and the union, following a mediation process last spring that resulted in the union rejecting a proposal from Starbucks in April [2] Group 2: Company Response and Financial Context - Starbucks stated that Workers United represents only about 4% of its workforce and expressed willingness to resume negotiations if the union is ready [3] - The company is experiencing negative same-store sales for six consecutive quarters, highlighting the importance of the upcoming earnings report and the effectiveness of the turnaround plan under CEO Brian Nichol [3] - The holiday season typically boosts sales for Starbucks, which may be impacted by the potential strike [3] Group 3: Potential Impact of the Strike - If a strike occurs, the specifics regarding duration, location, and timing remain undetermined, making it unclear how many stores will be affected [4] - There are 650 unionized stores among Starbucks' 18,000 licensed and company-operated stores in the US and Canada, indicating that while the unionized workforce is small, it could still have a meaningful impact [5][6]
The threat of a new barista strike looms as shareholders urge Starbucks to return to the bargaining table
Business Insider· 2025-10-23 13:38
Core Points - Unionized Starbucks baristas are planning a national strike authorization vote to escalate ongoing labor conflicts and push for their first union contract [1][2][3] - The vote is scheduled from October 24 to November 2, and if authorized, the strike would be open-ended [3] - The union represents over 12,000 baristas across more than 600 locations, but recent store closures have reduced this number significantly [11] Labor Relations - The union's demands include higher wages, better working hours, and resolution of legal issues, with a push to finalize a contract before the holiday season [3] - Starbucks has faced pressure from shareholders to improve relations with unionized employees, highlighted by an open letter urging the company to resume contract talks [13][14] - The company has been accused of unfair labor practices, including retaliation and union-busting, with hundreds of charges filed against it [10] Recent Developments - The union has planned 70 practice pickets and rallies across 60 cities to encourage voting in favor of the strike [4] - Starbucks has stated its commitment to bargaining and reaching contract agreements, claiming the union walked away from negotiations [4][17] - The labor tensions have escalated under the leadership of CEO Brian Niccol, with previous strikes occurring in November 2023, December 2024, and May 2025 [19][20][21] Shareholder Concerns - Shareholders, including activist investment firm Trillium, have expressed ongoing concerns about Starbucks' labor relations and have urged the company to reach fair agreements with unionized workers [15][18] - An independent assessment of labor practices was supported by 52% of shareholders in 2023, indicating significant investor interest in the company's labor relations [18]
Great American Cookies Adds New Location in Mississippi
Globenewswire· 2025-10-23 13:00
Core Insights - FAT Brands Inc. is expanding its presence in Mississippi with the opening of a new Great American Cookies location in Hattiesburg, marking the first store in the city and increasing the total to 10 locations in the state [2][3] Company Overview - FAT Brands is a global franchising company that owns and operates 18 restaurant brands, including Great American Cookies, and has over 2,300 units worldwide [5] - Great American Cookies, founded in 1977, is known for its Original Cookie Cake and a variety of baked goods, including chocolate chip cookies, brownies, and Double Doozies [6] Location Details - The new Great American Cookies store is located at 1000 Turtle Creek Drive, Suite 270, Hattiesburg, MS 39402, and operates Monday to Saturday from 10:00 a.m. to 8:00 p.m., and Sunday from 12:00 p.m. to 6:00 p.m [4]
Reborn Coffee Announces the Formation of an Advisory Board and Appointment of Hisham Elkoustaf as Chair
Globenewswire· 2025-10-23 13:00
Core Insights - Reborn Coffee Inc. has established a new advisory board to enhance innovation and growth, appointing Hisham Elkoustaf as its chair [2][6] - The advisory board will consist of a diverse group of professionals aimed at shaping the strategic direction of the company while maintaining its commitment to sustainability and quality [2] Company Leadership - Hisham Elkoustaf brings over 20 years of experience in corporate law, economic development, and foreign policy, having worked in over ten countries [3][4] - Elkoustaf's previous roles include serving as a senior legal, economic, and policy advisor to a prominent GCC country and as General Counsel and Chief Strategy Officer at a professional sports and entertainment company [4] Strategic Vision - The CEO of Reborn Coffee, Jay Kim, expressed excitement about Elkoustaf's appointment, highlighting the value of his extensive experience in pursuing the company's mission [6] - Elkoustaf emphasized the potential for significant impact in the coffee industry through collaboration with the advisory board [6]
Here's where the economy is starting to show 'K-shaped' bifurcation
CNBC· 2025-10-23 12:45
Economic Overview - The current economic landscape is characterized by a "K-shaped" recovery, where wealthier Americans are increasing their spending while lower-income consumers are pulling back due to rising costs [1][3]. Consumer Spending Trends - Lower- and middle-income consumers are facing significant pressure from rising prices on essentials like groceries and gas, leading to a decline in their spending [3]. - Wealthier consumers are benefiting from stock market gains and rising home values, which is contributing to their increased purchasing power [3]. Company Insights - Coca-Cola is experiencing divergent sales growth, with higher demand for premium products among wealthier consumers and increased sales at dollar stores catering to lower-income shoppers [4]. - McDonald's is responding to the divided consumer landscape by expanding its value menu, as traffic from lower-income consumers has dropped by double digits [5]. - Chipotle is also noting pressure on lower-income consumers, which will influence their pricing strategy moving forward [6]. Automotive Sector - The average price for a new vehicle has surpassed $50,000 for the first time, driven by wealthier households who have access to favorable loan conditions [8][9]. - Auto loan defaults are rising, particularly among consumers with lower credit scores, indicating financial strain in this demographic [8]. Airline Industry - Delta Air Lines anticipates that revenue from premium offerings will exceed that from coach cabins next year, reflecting a trend towards higher-cost tickets among affluent travelers [10]. Hospitality Sector - Hilton is observing a bifurcation in consumer spending but does not expect this trend to persist, predicting a shift as inflation and interest rates decrease [11][12]. - Revenue from luxury offerings at Hilton is performing well, while affordable brands are experiencing a drop in revenue [12][13].
Happy Belly Food Group Announces Secured Real Estate for Heal Wellness in Toronto's Eaton Center
Newsfile· 2025-10-23 10:00
Core Insights - Happy Belly Food Group Inc. has signed a new franchise agreement for Heal Wellness in the Toronto Eaton Centre, enhancing its presence in Cadillac Fairview properties across Canada [1][3] - Heal Wellness specializes in fresh smoothie bowls, açaí bowls, and smoothies, aiming to provide healthy dining options in a fast-casual environment [1][3] Expansion and Growth - The new Heal Wellness location is expected to attract over 50 million annual visitors, capitalizing on the high foot traffic and visibility of the Eaton Centre [3] - Heal Wellness currently operates 27 locations with over 168 in development, contributing to Happy Belly's total of 626 contractually committed retail franchise locations across various emerging brands [5][6] Brand Mission and Offerings - Heal Wellness focuses on delivering quick, fresh wellness foods that support busy lifestyles, featuring a diverse menu enriched with superfoods [5][8] - The company emphasizes the meticulous selection of superfood ingredients to fuel customers' health and wellness [8]