Guest Column: Explaining CEOs’ Short Shelf Life in 2024
The pressure is on restaurant chain CEOs to deliver fast in 2024. Private equity is largely to blame, according to one industry leader.
The pressure is on restaurant chain CEOs to deliver fast in 2024. Private equity is largely to blame, according to one industry leader.
CPG manufacturing platform Keychain has appointed Mitchell Madoff to Head of Retail Partnerships. The Foxtrot transplant and former Head of Whole Foods Private Label brings with him an extensive background in CPG and private label spanning over two decades.
The newly minted CEO isn’t oblivious to Mountain Mike’s challenges in its crowded sector. For example, Metevier knows he needs to be sensitive to labor costs now that his California-based chain must deal with that state’s recent implementation of a $20 minimum wage (85% of the chains locations are based within the Golden State.)
It’s not hard to understand why these companies have found success in a challenging environment. These are comfort food manufacturers (among other things!) whose identities, infrastructure, and revenue are built upon foods people reach for when they’re feeling down, feeling squeezed, or both.