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Chipotle Mexican Grill (CMG) shares are getting wrecked after its CEO Brian Niccol left to try and turn around Starbucks. With a positive outlook on CMG, I see this pre-market drop as an opportunity to invest in a company that seems almost recession-proof. The trade To initiate a bullish position on CMG, I plan to use a strategy known as a "bull call spread." This trade was written assuming Chipotle was trading around $51 a share. If CMG trades at or above the short strike by the expiration date, this trade could yield a return of 100% on the amount risked.
Persons: Brian Niccol, let's, Chipotle Organizations: Grill, CNBC, NBC UNIVERSAL Locations: Chipotle
Starbucks unveiled an abrupt leadership change on Tuesday: Brian Niccol, a high-profile name in the restaurant industry, is taking the reins, after months of weak sales at the coffee giant and a falling stock price. Mr. Niccol will step in as chief executive next month, replacing Laxman Narasimhan, whose relatively brief stint in the top job at Starbucks began in March last year. The company’s chief financial officer, Rachel Ruggeri, will serve as interim chief executive until Mr. Niccol officially joins the company on Sept. 9. Mr. Niccol is coming off of six years at the helm of Chipotle Mexican Grill — a period that saw the fast-casual burrito chain nearly double its sales. The company’s stock price has increased about 800 percent since he took over in early 2018.
Persons: Brian Niccol, Niccol, Laxman Narasimhan, Rachel Ruggeri, Chipotle Organizations: Starbucks
Laxman Narasimhan, Starbucks' current CEO, will step down effective immediately from his roles as CEO and a member of Starbucks' board of directors, the company said. In his tenure at Chipotle, Niccol made several changes. He also oversaw an expansion of Chipotle's online-ordering options just before delivery and pickup became essential to the restaurant business early in the pandemic. The road ahead at StarbucksAt Starbucks, Niccol will face some challenges similar to those he took on at Chipotle. AdvertisementStarbucks sales have also fallen lately in China, which is home to nearly one-fifth of all the chain's stores.
Persons: , Brian Niccol, Niccol, Laxman Narasimhan, Elliott, Chipotle, Brian, Melody Hobson, Peter Saleh, Saleh Organizations: Service, Starbucks, Business, Street, Elliott Investment Management, Taco Bell's, Wall Street, Analytical Research Locations: Chipotle, Denver, Orange County , California, China
"The word 'value' has received a lot of airtime in the past few months," Josh Kobza, the CEO of Burger King parent company Restaurant Brands International , said on Thursday. Value for shareholdersA drive-through area of a Burger King restaurant in Peoria, Ill. Daniel Acker | Bloomberg | Getty ImagesCompanies aren't just thinking about offering value for customers — they're also thinking about shareholder value. For example, Burger King was one of the first chains to unveil a $5 value meal this summer. When its rivals followed suit with their own $5 discount deals, the Restaurant Brands chain didn't see any clear impact to its business. "There are actually some positives to the focus on value across the industry," Restaurant Brands' Kobza told CNBC.
Persons: Mario Tama, McDonald's, Josh Kobza, Burger, There's, Taco Bell, Papa, Ravi Thanawala, Chris Kempczinski, Richa Naidu, Kempczinski, it's, Brian Niccol, Adam Jeffery, Niccol, John Peyton, IHOP, It's, Peyton, Daniel Acker, — they're, They're, Burger King, Kobza Organizations: Getty, Taco Bell, Yum Brands, Restaurant Brands, Bureau of Labor Statistics, Burger King, Reuters, Grill, CNBC, Brands, Peoria , Ill, Bloomberg, Starbucks, U.S Locations: Burbank , California, Burger King, Oak Brook , Illinois, Peoria ,
CNN —Russia’s pro-Kremlin media know how to create an alternative reality, and last week’s historic prisoner swap was no exception. On Monday, Russian state-backed media outlets treated viewers to lurid footage of the arrests of Wall Street Journal reporter Evan Gershkovich and former US Marine Paul Whelan. And we see a handcuffed Paul Whelan on a hotel bed, flanked by Russian security officers. But in the cases of Gershkovich and Whelan, the aim of the Russian state was to build a bank of human collateral to trade for its valued agents held abroad. But the good news is that Gershkovich is out of Russian custody and can now write the definitive and reliable account of what happened during his arrest.
Persons: CNN — Russia’s, Evan Gershkovich, Paul Whelan, Gershkovich, Whelan, , Dow Jones, Almar Latour, Emma Tucker, “ Vladimir Putin, , Evan Organizations: CNN, Kremlin, Wall Street, Bolshoi Theater, Gershkovich, US State Department, State Department, Dow Locations: Russian, Yekaterinburg, Moscow, Russia, British
That change in pay and benefits underscores the changing job outlook for the millions of American teen workers following the pandemic-induced labor crunch. Despite those efforts, she's at times seen teen employees leave for higher pay at chain rivals like Starbucks . 'The summer job is back'Whether it's a raise or financial support for education, these boons appear to be luring teens to the workforce. "The summer job is back," said Alicia Sasser Modestino, an associate professor of economics who studies youth development at Northeastern University. Gusto expects sports and recreation; education; and food and beverage to be popular summer job sectors for this age bracket.
Persons: Spencer Platt, Dailey Jogan, Jogan, Liz Wilke, Chipotle, Daniel Banks, Justin Sullivan, Banks, Erin Powell's, Powell, she's, Alicia Sasser Modestino, Gusto's Wilke, Wilke, today's, Olivia Locarno Organizations: Getty, Detroit, Employers, Grill, Northeastern University, Starbucks, Marist College, Amazon Locations: Coney, Brooklyn, New York City, California, San Rafael , California, Minnesota, New Jersey
Who's in for a block family dinner?" AdvertisementMost people say it takes a village to raise a family, but every village can look different. Each couple would take turns hosting all the kids for a few hours on Saturday morning. But it's especially fun to watch kids on the block cycle through old favorites. AdvertisementOur neighborhood isn't perfect, and sometimes the workload may be uneven, but our neighborhood village supports us and is there for us.
Persons: , Sam, there's, chitchat, Carolyn, Jess Organizations: Service, Business
A major change is coming to Taco Bell drive-thrus
  + stars: | 2024-07-31 | by ( Clare Duffy | ) edition.cnn.com   time to read: +4 min
Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! The move means that when users pull up to place their order at a Taco Bell, there’s a good chance they will be talking to a computer, rather than a human employee, on the other end. McDonald’s said last month it was pulling the plug on the AI ordering technology that it was testing at more than 100 US drive-thrus, after customers complained about the system getting their orders wrong. Brands, told CNN he’s confident that his company’s technology — which is already in use at 100 Taco Bell locations across 13 states — won’t have the same issues. Kim also denied that AI ordering technology would replace human jobs, a growing concern around all manner of new AI tools.
Persons: Taco Bell, there’s, McDonald’s, Lawrence Kim, — won’t, we’ve, ” Kim, it’s, Kim, Yum, Kay, quesadilla ”, kay, “ kay, Organizations: New, New York CNN, Brands, Taco Bell, ! Brands, CNN, KFC Locations: New York, Taco, Pizza
Tokyo CNN —Kudos to you if you can speak perfect Japanese and order food at a neighborhood sushi bar in Tokyo. But overtourism – fueled by a combination of pent-up post-Covid demands (aka “revenge travel”) and the weak local currency – has recently prompted restaurants in the country to consider the merits of differential pricing. This year, spurred by a weak yen that has fallen to its lowest level against the dollar in decades, the tourists are back - in big numbers. “Some people say, ‘We don’t do this in our country.’ But think about how bad Japanese people’s English skills are. As the less-expensive resident prices are often written in the local language, foreign tourists may not even know they paid more.
Persons: , , Shogo Yonemitsu, ” Yonemitsu, Elisa Chan, Tamatebako, Rinka Tonsho, CNN Yonemitsu, isn’t, That’s, CNN Shuji Miyake, Phoebe Lee Organizations: Tokyo CNN, Mount Fuji, UNESCO, Chinese University of Hong, CNN Locations: Tokyo, Japan, Shibuya, Mount, Hokkaido, Himeji, In Venice, Tokyo’s Tsukiji
Chipotle Mexican Grill has built its fast-casual burrito dominance largely on consistency and size. Amid a storm of customer complaints on social media, accusing the chain of serving smaller portions in their burritos and burrito bowls, Chipotle’s chief executive, Brian Niccol, firmly denied that the company’s portion policies had changed. “First, there was never a directive to provide less to our customers,” he said during an earnings call Wednesday. “Generous portion is a core brand equity of Chipotle. It always has been, and it always will be.”Still, Mr. Niccol said the complaints had led him to re-examine Chipotle’s practices across its operation.
Persons: Brian Niccol, , Niccol
Both men, now in their 60s, have worked at the same Piggly Wiggly grocery store in Franklin, Kentucky for 50 years. Haley and Watkins each started working at the store full time as associates after graduating high school. The average salary for a store manager at Piggly Wiggly ranges from $34,000 to $109,000 per year while the pay for a meat manager ranges from $42,000 to $76,000, according to Indeed. The Piggly Wiggly veterans are in good company — older Americans are working longer. Haley echoes the same sentiment: "Time flies when you're having fun."
Persons: Dale Haley, Ricky Watkins, Haley, Watkins, Haley didn't, , I'd, I, Don't, you'll Organizations: Gallup, CNBC Locations: Franklin , Kentucky
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. The company's same-store sales rose 11.1% in the quarter, topping StreetAccount estimates of 9.2%. Chipotle opened 52 new company-owned locations and one new international licensed restaurant during the quarter. The company reiterated its full-year outlook that same-store sales will grow by a mid- to high-single-digit percentage.
Persons: Chipotle, Brian Niccol, Niccol Organizations: LSEG, Executives, PepsiCo, McDonald's Locations: Texas
The Secret to Great Korean BBQ Is Not What You Think
  + stars: | 2024-07-24 | by ( Eric Kim | ) www.nytimes.com   time to read: 1 min
In my house growing up, Korean-barbecue clothes were a set of raggedy T-shirts and sweatpants reserved for nights when we were grilling at home — and by grilling at home, I mean indoors. My family would grill meat right at our round, lacquered dining table. In the center sat a portable butane stove, topped with a three-foot domed wheel of steel, a heavy black pan made by a metalworker friend of my mother’s. A spaceship-looking thing, it sat perfectly over the butane stove, sizzling with galbi, soy-marinated short ribs; samgyeopsal, gloriously fatty pork belly; and chadolbaegi, razor-thin slices of brisket that curled up as soon as they hit the heat. These fiery meals were precise but casual, remarkable but easy to throw together.
My family of four went to Bonefish Grill, a restaurant known for its seafood , for the first time. Our $120 meal included drinks, an appetizer, four entrées, and a dessert. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of my favorite ways to spend quality time with my family of four is sitting down for a meal together. Recently, we decided to try Bonefish Grill — a seafood restaurant with over 160 locations across the US — for the first time.
Persons: , we've Organizations: Service, Business Locations: Olive
A Congressional committee called on the chief executive of CrowdStrike to testify at a hearing about its role in a tech outage that roiled the global economy, in one of the first attempts to hold the cybersecurity company responsible. CrowdStrike sent a faulty security update to its customers Thursday night, resulting in millions of Microsoft Windows devices shutting down and disruptions to airlines, hospitals, logistics companies and others. Americans “deserve to know in detail how this incident happened and the mitigation steps CrowdStrike is taking,” wrote Representative Mark Green of Tennessee, the Republican chairman of the Homeland Security Committee, and Representative Andrew Garbarino, Republican of New York. The letter was sent to George Kurtz, CrowdStrike’s chief executive. Mr. Green and Mr. Garbarino asked the company for a response to scheduling the hearing this week, but did not specify when it would take place.
Persons: CrowdStrike, , , Mark Green of, Andrew Garbarino, George Kurtz, . Green, Garbarino Organizations: Microsoft, Homeland Security Committee, Republican Locations: Mark Green of Tennessee, New York
Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. Two other high-profile names in the top five of the list are Spotify and Chipotle Mexican Grill , with implied moves of 9.4% and 8.9%, respectively. There are several other major stocks that could have a big effect on the overall market if their implied moves come true. Of the 50 analysts who cover Tesla, just 22 have buy or strong buy ratings, according to LSEG. Another big name on the list is Google parent Alphabet , which is set to report results on Tuesday.
Persons: Chipotle, LSEG, Tesla Organizations: CNBC, Enphase Energy, Spotify, Tesla
But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.
Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: , Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol
I selected this Airbnb rather than booking accommodations in the city to save some money. AdvertisementHomes in Roggwil, Switzerland. For $200 a night, I slept in a wine barrel that was converted into a tiny home on a garden property steps away from the train station. The author's Airbnb in Roggwil, Switzerland. AdvertisementA sunlit field in Roggwil, Switzerland.
Persons: , Roggwil, Joey Hadden, we'll, I'd Organizations: Service, Business, Google Locations: Europe, Roggwil, Switzerland, Zurich, Zürich, New York City
Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.
Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, , Gabrielle Chase, , haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York
When you’re paid in tips, you’re never really sure if you’ll make rent. At a rally last month in Nevada, Donald Trump announced that, if elected, he would exempt tips from federal taxes. 6 is “Large tax cuts for workers, and no tax on tips!” Republicans in Congress are already working on a bill designed to do just that. Last week, they introduced “Tax Free Tips Act of 2024,” which would end federal income and employment taxes on tips. The other half, which earns less than 32,000, already don’t pay federal taxes on their income.
Persons: didn’t, Grandma wasn’t, you’re, Donald Trump, , Jacky Rosen, Catherine Cortez Masto, Trump Organizations: Republicans, Senate, Democratic, Social Security Locations: Amarillo , Texas, Nevada
Read previewPolitical leaders like Rep. Marjorie Taylor Greene and Rep. Lauren Boebert have created an environment in the US where violence is normalized, a political violence expert said in the wake of former President Donald Trump's attempted assassination. Rachel Kleinfeld, an expert on political violence, told Politico she thinks it's "political leaders like Marjorie Taylor Greene or Lauren Boebert or so on" who've been "amplifying the extremes" in the country. After the shooting, Greene blamed the incident on the Democratic Party. On Sunday — less than a day after the Trump rally shooting — senior lawmakers like House Speaker Mike Johnson asked people to cool it with the heated rhetoric. Representatives for Trump, Greene and Boebert did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Marjorie Taylor Greene, Lauren Boebert, Donald Trump's, Rachel Kleinfeld, it's, Kleinfeld, Trump, Greene, , FKQ4SWzs5s — Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, Politico, Business, Carnegie Endowment, International, Democratic Party, Democrat, Democrats Locations: Butler , Pennsylvania
These are America's best states for quality of life in 2024
  + stars: | 2024-07-13 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
A married couple with a median income can expect to pay nearly 15% of it on child care, according to Child Care Aware of America. 2024 Quality of Life Score: 211 out of 325 points (Top States Grade: B) Strengths: Worker Protections, Inclusiveness, Reproductive Rights Weaknesses: Child Care, Air Quality9. 2024 Quality of Life Score: 213 out of 325 points (Top States Grade: B) Strengths: Worker Protections, Inclusiveness, Voting Rights, Reproductive Rights Weaknesses: Crime, Air Quality, Child Care, Health Care7. 2024 Quality of Life Score: 222 out of 325 points (Top States Grade: B+) Strengths: Health, Air Quality, Crime Weakness: Child Care6. 2024 Quality of Life Score: 265 out of 325 points (Top States Grade: A) Strengths: Crime, Child Care, Health Care, Inclusiveness Weakness: Air Quality1.
Persons: York Alexander Spatari, Brent Doscher, Colin Keaveney, , Michael Pomante, United Democracy Institute . Long, Jay Inslee, Maine Daniel Grill, Mount Mansfield, Corey Hendrickson Organizations: Companies, Business, Oxfam America, FBI, America ., Care, Getty, United Health Foundation, Center, Election Innovation, Research, Health, Massachusetts People, Financial, First Street Foundation, Connecticut, Washington State, of Columbia, Arizona —, Oregon, Guttmacher Institute . Oregon, United Democracy Institute ., Center for Public, Oregon —, Washington, Evergreen, Democratic Gov, iStock, Mayo Clinic, North Star State, Reproductive, National Conference of State Legislatures, Vermont Locations: States, York, America, America . New York, New Hampshire Cavan, Cavan, Granite State, , New Hampshire, Research , New Hampshire, Boston Harbor, Boston , Massachusetts, Bay, Massachusetts, New England, Connecticut, England, California, Golden State, Arizona, Hawaii Honolulu, Hawaii, Idaho, Bend , Oregon, Oregon, Beaver, Washington, Mt, Rainier, Park, Columbia's, Minnesota, New Jersey, Jersey, Maine, Northeast, Mount
Amazon founder and CEO Jeff Bezos got his start working the grill at McDonald's. Jeff Bezos worked at McDonald's as a teenager. In Cody Teets' book "Golden Opportunity: Remarkable Careers That Began at McDonald's," Bezos revealed he worked the grill and that the job taught him responsibility. Business Insider previously reported that Bezos worked at McDonald's over the summer when he was a teenager — and that Bezos' father had also been a McDonald's employee. He had a lot of teenagers working for him, and he kept us focused even while we had fun."
Persons: Jeff Bezos, Amy Harris, Bezos, Cody Teets, , Teets Organizations: Forbes, Business Locations: McDonald's
The Beastie Boys sued Chili’s Grill & Bar in federal court on Wednesday, accusing the restaurant chain’s main operator of infringing on their copyright of the 1994 hit “Sabotage” by using it in advertisements without permission. According to the complaint, Brinker International, which operates more than 1,600 Chili’s and other restaurants worldwide, rolled out promotional videos on social media beginning in November 2022 that used significant portions of the song and parodied its music video, directed by Spike Jonze. The music video playfully pays homage to 1970s television crime dramas and features a fictitious opening credit scene and the group’s members dressed in fake wigs, mustaches and sunglasses of the era. In the Chili’s video advertisement, three characters dressed in similar ’70s attire rob ingredients from a Chili’s restaurant scored to the sound of “Sabotage,” said the lawsuit, filed in the U.S. District Court for the Southern District of New York.
Persons: Brinker, Spike Jonze, Organizations: Beastie Boys, Chili’s Grill, Bar, Brinker International, Southern, of Locations: U.S, of New York
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