Shake Shack Invests In Workers, LunchBox Founder, M&A Activity, José Andrés $100 Million, Texas COVID Surge
Daily Digest
Shake Shack invests $10M to recruit, maintain workers amid labor crunch (Yahoo Finance) It includes more than $9 million dollars in increased hourly wages, a $1,000 dollar hiring bonus offer for managers and extended hiring bonus of $500 for hourly team members that are hired between June 10th to August 31st in select locations nationwide.
How This Bangladeshi Immigrant Made His Big Break in the U.S. Restaurant Industry (Entrepreneur Europe) Lunchbox founder Nabeel Alamgir has worked his way up from bussing tables at a fast food chain to securing $20 million in VC funding.
Why restaurant M&A activity is spiking after pandemic lull (Restaurant Dive) As customer demand helps restaurant sales recover, buyers are jumping back into the game amid low interest rates and as financing becomes more widely available.
Chef José Andrés Receives $100 Million Grant In Surprise Announcement Following Blue Origin Landing (Forbes) Andrés, who says he plans to double food aid around the world, is motivated the thousands impacted by the pandemic. He hopes to tackle the root causes of world hunger.
A Major Surge in New COVID-19 Cases Could Tank Texas’s Restaurant Recovery (Eater Dallas) Business is finally getting back to normal, but a surge in cases among unvaccinated Texans could stymie recovery.
Plus…
There’s a bunch of great career opportunities from the folks at New School in Los Angeles. Email hi@newschool.la if you’re interested.
In case you missed it, Special Sauce’s Chuck George caught up with Permaculture Farmer Ethan DeLorenzo, on his work in the Pacific Northwest.