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Restaurants are scrambling to hire thousands of workers to fill shifts.
Danny Meyer is tackling the crisis differently by investing in labor retention tool, 7shifts. Retention is truly the name of the game, Meyer told Insider.
The restaurant industry is scrambling to find servers, cooks, and fast food cashiers to keep doors open as capacity restrictions lift across the US. But restaurant mogul Danny Meyer is taking a different approach to the crisis – retention. He s using tech from 7shifts to help keep the right people working for him at his New York-based restaurant group Union Square Hospitality. And he s betting more restaurant operators will want to use the restaurant management software.
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USHG s Danny Meyer to be featured in special session of Collective[i] Forecast on Clubhouse
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NEW YORK, March 11, 2021 /PRNewswire/
Collective[i]®, a recognized leader in AI-enabled digital sales transformation, today announced that Danny Meyer, Founder and CEO of Union Square Hospitality Group (USHG) and Founder of Shake Shack, is confirmed to participate in Collective[i] Forecast, a series of live, virtual events, that features the world s preeminent leaders and innovators sharing their knowledge about the innovation that is disrupting and transforming how we work and live.
Collective[i] Forecast featuring Danny Meyer will take place on the audio-only social networking app, Clubhouse, Thursday, March 11, 2021 at 5:30 P.M. EST and will explore the topic: SPACs, Enlightened Hospitality & No Kid Hungry.
The new company would seek to acquire a company with similar cultural values
Danny Meyer has joined the growing number of restaurant veterans who have formed special acquisition companies, or SPACs. An affiliate of his Union Square Hospitality Group, USHG Acquisition, on Friday filed papers with the Securities & Exchange Commission to raise $250 million in an initial public offering, and then list on the New York Stock Exchange under the ticker HUGSU.
Meyer, who is the founder and CEO of USHG, is chairman of the new SPAC. Its CEO is investment banker Adam Sokoloff of Asgard Capital Partners.
USHG chief financial officer Tiffany Daniele is also CFO of the new company. She joined USHG in October of 2020 after two years as vice president for global corporate financial planning & analysis at Tapestry, Inc., which owns the luxury brands Coach, Kate Spade and Stuart Weitzman.