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☆ Fast food deals were off the table. Now they’re roaring back
▼ + stars: | 2024-05-30 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

KFC recently introduced a value menu with meals starting at $4.99. But it’s been a long time since they used discounted meals as a strategy to drive traffic, noted Peter Saleh, restaurant analyst at BTIG. KFC launched its value menu earlier that month. A Burger King spokesperson confirmed to CNN that it plans to offer a $5 meal, without sharing more details. And more deals don’t mean that menu prices are dropping, or even staying the same.

Persons: Burger King, Taco Bell, Jack, Wendy’s, it’s, Peter Saleh, haven’t, ”, we’ve, ” Price, ” Saleh, Chris Kempczinski, “, McDonald’s, Burger, Paul Weaver, Kempczinski, NOA, ” Cowen, Andrew Charles, Eva Marie Uzcategui, McDonald’s “, ” Charles, David Henkes, Josh Kobza, Henkes, BTIG’s Saleh Organizations: New, New York CNN, KFC, BTIG, Street Journal, National Owners Association, Bloomberg, Getty, CNN, Restaurant Brands Locations: New York, Technomic, Burger King

☆ Apple, Tesla and Starbucks struggle in China’s economic slump after making a fortune for decades
▼ + stars: | 2024-05-13 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Tesla’s China market share shrank to 4% in April, almost halving from 7.7% in March, according to data released by the China Passenger Car Association on Friday. In the 1990s, “every company in the West” was hiring consultants and having boardroom meetings about how to do more in China, according to Stevenson-Yang. He added that he continues to feel optimistic about the Chinese market in the long term.

Persons: ”, Anne Stevenson, Yang, Stevenson, aren’t, Yang Wang, Kevin Frayer, Tim Cook, iPhones, Cotti, Luckin, Belinda Wong, “, McDonald’s, Wallace Organizations: Hong Kong CNN, China Passenger Car Association, J Capital Research, EV, Apple, Starbucks, Counterpoint Research, Macao —, Huawei, China Academy of Information, Communications Technology, Luckin Coffee, McDonalds, KFC, Burger Locations: China, Hong Kong, Shanghai, United States, Germany, Brazil, Beijing, Greater China, Taiwan, Macao, Starbucks China, Dominos, India

☆ Krispy Kreme doughnuts are coming to McDonald’s
▼ + stars: | 2024-03-26 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Three types of Krispy Kreme donuts — original glazed, chocolate iced with sprinkles and chocolate iced “kreme” filled — will go on sale at McDonald’s restaurants starting later this year, the companies told CNN on Monday. Krispy Kreme is giving away a free glazed doughnut to guests who visit a Krispy Kreme location between 5 and 9 pm on Tuesday to celebrate the partnership. The addition of a Krispy Kreme donut to the McDonald’s customer’s breakfast order began as a test at 160 restaurants in Kentucky. But customers can buy Krispy Kreme doughnuts in other places, such as Walmart and other grocery stores. “By making Kreme Krispy accessible to fans nationwide through this partnership, we expect to more than double our points of access by the end of 2026,” said Krispy Kreme President and CEO Josh Charlesworth in a statement.

Persons: It’s, Wendy’s, McDonald’s, Ian Borden, Chris Kempczinski, ”, Krispy, Josh Charlesworth Organizations: New, New York CNN, CNN, Walmart Locations: New York, Cinnabon, Kentucky

☆ McDonald’s pushed customers to the brink on price. They’re starting to push back
▼ + stars: | 2024-02-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

At McDonald’s, which has repeatedly boasted about its ability to raise menu prices without denting sales, executives are finally acknowledging that customers need a break. But his focus on affordability marked a shift from just a few months ago, when he boasted that US menu prices, which went up as much as 10% in 2023 alone, weren’t deterring sales. On TikTok, it’s a common refrain for McDonald’s customers to say the company has gone too far, charging more than $3 for a single hash brown in some locations. Still, up until recently, McDonald’s found most customers were still willing to pay. Kempczinski said McDonald’s would double down on its “D123” strategy, which prices some items between $1 and $3.

Persons: Chris Kempczinski, Kempczinski, didn’t, ”, McDonald’s, y’all y’all, “ we’re, “ Organizations: New, New York CNN — Corporate Locations: New York, Darien , Connecticut, United States, Darien, America, Des Moines

☆ Mahogany L. Browne's Love Letter to Hip-Hop
▼ + stars: | 2023-08-01 | by ( Mahogany L. Browne | ) www.nytimes.com time to read: +4 min

Latto, “Put It on da Floor Again” (2023)The video for this song featured, among others, the L.S.U. ), Lil’ Kim shot to stardom with her debut solo single, “No Time,” which was eventually certified gold by the Recording Industry Association of America. Benzino, “Rock The Party” ft. Mario Winans (2002)Might this be the only rap single recorded by a magazine mogul to hit the Billboard charts? The rapper Benzino, real name Raymond Leon Scott, was a co-owner of the iconic hip-hop magazine The Source. Benzino, “Rock The Party” ft. Mario Winans (2002)I’m a boss in a skirt, I’m a flirt.

Persons: Warren G, Tupac Shakur, Michael McDonald’s “, Lil Wayne, Lil Wayne’s “ Tha Carter, phenom, Rip, Angel Reese, “, ”, MC Lyte, Sean “ Diddy ” Combs, Missy Elliott, Slick Rick, Slick Rick’s, Eric B, Momma, Miss Ivana, Lil ’ Kim, Charlie Wilson, Big Sean, Mario Winans, Benzino, Raymond Leon Scott, Anna Wintour, spinnin, I’m, York ” Organizations: New, Tigers, Party, Public, Biz, Recording Industry Association of America, Pitchfork, YG, VH1 Locations: New Orleans, Manhattan, :, York

☆ Burger King’s secret weapon against McDonald’s is the Whopper
▼ + stars: | 2023-04-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

The plan is still in early stages: Burger King has invested $40 million as of the end of last year. At US Burger King locations open at least 13 months, sales jumped 5% in the quarter, thanks in part to the burger. “I don’t know what his place might be in the future.”The fast food war heats upFor Burger King, the Whopper is more than just a burger. But even if the Whopper isn’t all that different from other fast food burgers, it’s the one Burger King has got. For Burger King, “the challenge is you’re competing against McDonald’s, and McDonald’s is really good,” said Senatore.

☆ Wendy’s is selling a former McDonald’s fan-favorite item
▼ + stars: | 2023-03-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Fans who are missing McDonald’s “Snack Wraps” can soon get their fix at a rival. Beginning Tuesday, in a move that could attract customers clamoring for the return of the fan-favorite food, Wendy’s is adding a new grilled chicken ranch wrap to its menu. Wendy’s wrap is slightly different from McDonald’s version, because the chain “didn’t want to mess around with a McBland snack wrap dupe,” said Carl Loredo, Wendy’s global chief marketing officer. He told CNN that grilled chicken is used in place of crispy chicken that was in McDonald’s wrap, because he said Wendy’s fans are looking for “lighter and more portable menu items.”Wendy's is selling a McDonald's Snack Wrap of their own. So, selling a beloved menu item could prove to be an advantage for Wendy’s against its much larger competitor.

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