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Following her resignation as CEO of Orlando-based Red Lobster after just eight months on the job, Kelli Valade has been named the next CEO and president of Denny’s. Valade’s resignation from Red Lobster was effective April 15
Family-dining brand also agrees to acquire Keke Breakfast Café for $82M
Restaurants, with their cyclical, seasonal cycles and abundance of part-time staff, are no strangers to turnover. In August 2019, Black Box Intelligence reported quick-service brands were losing 100 percent of their workforce each year. Half of hourly front-of-house workers left within 90 days in 2018—a number on the rise from 43 percent in 2017. Figures were similar in the back of house.
Bonchon, a Korean fried chicken restaurant concept with 115 U.S. locations, announced it has inked two franchise development agreements, each adding one location in San Rafael and Oakland, California.
Red Lobster Chief Executive Officer Kelli Valade is resigning after just eight months at the helm of the Orlando-based seafood chain, a quick departure that one industry analyst called "very, very, very bad."