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Yum! Brands CEO to Retire in 2026

by Katie Lee

Louisville, Ky. — The chief executive officer of Yum! Brands, Inc., David Gibbs, has informed the board of directors of his intention to retire from the company in the next year. He has been with Yum! for 36 years and its CEO since January 2020. The board has established a succession planning committee and will work deliberately to identify and appoint the best candidate to lead the company’s next chapter. Gibbs will continue leading the company throughout the search process until his retirement, expected in the first quarter of 2026. …

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Academy Sports + Outdoors Surpasses 300 Stores

by Katie Lee

Katy, Texas — Academy Sports + Outdoors has surpassed 300 stores after opening its first locations in York, Pa., Harrisburg, Pa., and Hagerstown, Md. These stores also mark Academy’s first locations in Pennsylvania and Maryland, increasing the retailer’s footprint to 21 states. In addition, Academy opened a new store in Kansas City, Mo., in March, and will open another new location in Charlotte, N.C., in April. The company plans to open a total of 20-25 new stores in its 2025 fiscal year. “Academy’s continued new store expansion reinforces our commitment …

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Twin Hospitality Group CEO and Chief Legal Officer to Resign

by Katie Lee

Dallas — Joe Hummel, chief executive officer, and Clay Mingus, chief legal officer, both intend to resign from Twin Hospitality Group Inc., the parent company of Twin Peaks Restaurant. The date of their departures will be effective April 10, 2025. Ken Kuick, chief financial officer, has been appointed interim CEO, and Allen Sussman, general counsel of FAT Brands Inc., has been appointed interim chief legal officer. “We would like to thank Joe and Clay for all that they have done for Twin Peaks over the last 14 years,” says Kuick. …

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Meijer to Open New Neighborhood Market, Independence Market, in April

by Katie Lee

Grand Rapids, Mich. — Meijer plans to open a new neighborhood market, called Independence Market, in the Independence Township of Clarkston, Mich., on April 30. The new 50,000-square-foot market will serve customers from Clarkston and all of Independence Township, including the new Waldon Village development. “Independence Market is committed to serving our new neighbors with value and convenience that makes it easy to get in and out quickly,” says Robert Lajcaj, store director of Independence Market. “Our team has been working hard to get the store ready to open with …

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REGO Restaurant Group Names New CEO to Lead Quiznos and Taco del Mar

by Katie Lee

Denver — REGO Restaurant Group, a leading fast-casual restaurant platform, has named Neel Patel as chief executive officer to lead Quiznos, the quick-service sandwich chain, and Taco del Mar, a fast-casual restaurant chain specializing in coastal Mexican cuisine. He joins the group from Church’s Texas Chicken. Previously, Patel served as senior vice president, strategy & growth at Church’s Texas Chicken. He brings a wealth of experience in business transformation, growth strategy and commercial excellence, positioning him to drive the brands’ continued expansion and innovation. “Both Quiznos and Taco del Mar …

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Foot Locker, Inc. Promotes EVP to President

by Katie Lee

New York City — Foot Locker, Inc. has named Franklin R. Bracken, currently its executive vice president and chief commercial officer, to the role of president, effective immediately. Bracken will continue reporting to Mary Dillon, Foot Locker, Inc.’s chief executive officer. In his new role, Bracken will work alongside Dillon to accelerate the execution of the Lace Up Plan, the company’s strategy to elevate the omni-retail experience, enhance productivity and create long term shareholder value. Bracken will also continue to oversee global retail operations, merchandising, marketing, digital, loyalty and real …

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Chili’s® to Open a Scranton Branch, in Nod to “The Office”

by Katie Lee

Dallas — Nearly 20 years after cementing a spot in pop culture history thanks to a beloved group of employees at a fictitious Pennsylvania paper company, Chili’s® Grill & Bar is opening its doors to the Chili’s “Scranton Branch” on April 7. The brand-new, permanent restaurant will pay homage to some of Chili’s most notable on-screen moments, with throwback nods and decor, in addition to being the only Chili’s location to include the fan-favorite Awesome Blossom® on menus. “For decades, Chili’s has inserted itself in culture — introducing the now-famous …

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NCR Voyix Appoints New Chief Product Officer

by Katie Lee

Atlanta — NCR Voyix Corporation, a leading global provider of digital commerce solutions, has appointed Nick East as its new chief product officer, effective immediately. In this key executive leadership position, East will oversee product innovation and marketing across the company’s broad technology product portfolio. “Nick’s achievements in driving innovation uniquely position him to lead our product team as we focus on delivering leading products and features to meet our customers’ needs,” says Jim Kelly, NCR Voyix’s chief executive officer. “Nick has the right experience to ensure product remains at …

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Dollar Tree to Sell Family Dollar Business to Private Equity Firms for $1 Billion

by Katie Lee

Chesapeake, Va., and New York City — Dollar Tree Inc. has agreed to sell the Family Dollar business segment to Brigade Capital Management LP and Macellum Capital Management LLC for $1 billion. The sales price represents a fraction of the $8.5 billion that Dollar Tree paid for the discount brand in 2015. Family Dollar will remain headquartered in Chesapeake, Va. Family Dollar, which caters to low-income customers with its roughly 8,000 U.S. stores, has struggled in recent years. In March 2024, Dollar Tree unveiled plans to close approximately 970 underperforming …

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Panera Brands Promotes CFO to Chief Executive Officer

by Katie Lee

St. Louis — Panera Brands Inc., which includes the iconic fast-casual concept Panera Bread, as well as Einstein Bros. Brands and Caribou Coffee, has appointed Paul Carbone as chief executive officer, effective immediately. Carbone previously served as chief financial officer for the company and was appointed to the role of interim CEO in January 2025. “Paul’s commitment and significant contributions to Panera over the past 2 years — coupled with his impressive track record of success with both public and private companies in the industry — demonstrate that he has …

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