Why Playing In A Narrow Space Is Key To Success In Fast Casual
Fast casual is the fastest-growing sector in the restaurant industry. In such a busy space, how does a new company stand out from the crowd?
Paul Damico, CEO of Naf Naf Middle Eastern Grill, says that it's all about having a solid product. "We are going to do Middle Eastern food better than anyone else."
Damico is a veteran of the fast casual industry. Prior to Naf Naf Grill, Damico served as President of FOCUS Brands overseeing more than 5,000 restaurants. Damico says he is excited to take the lessons he learned leading companies like Auntie Anne's and Cinnabon. The company plans to start franchising by the second quarter.
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
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U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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