Restaurant operators are responding to changing consumer tastes during the coronavirus pandemic in ways that have boosted profits at some chains to where they were before the health crisis or even higher.
“Once you’ve received a Wells notice, that’s effectively the declaration of war,” said Jim Peterson, a corporate-securities attorney and a former partner at accounting firm Arthur Andersen LLP. “Enforcement is locked and loaded, ready to go.”
To bolster its supply chain, General Mills has struck several new partnerships with contract manufacturers and suppliers of raw materials—and expanded existing ones—since March, when demand started to soar, finance chief Kofi Bruce said.
Orlando, Fla.-based Luminar tapped Tom Fennimore as its next chief financial officer, the company said Thursday. Mr. Fennimore previously served as global head of automotive at investment banks Jefferies Group LLC and Goldman Sachs Group Inc.
Enjoying strong demand, the RV maker recently raised $300 million to shore up its finances in its inaugural trip to the high-yield market