Word: chaine
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What's the best business reaction to a recession? How about none at all. Unlike many outfits in the struggling restaurant industry, Panera, the soup and sandwich chain with more than 1,300 stores in 38 states, has stayed strong by standing still. "The key to Panera's success lies in what the company hasn't done," says Nicole Miller Regan, an analyst at Piper Jaffray. "Panera hasn't fallen victim to discounting. It hasn't levered up the balance sheet. It hasn't tried to change...
...quaint, but the group is thinking beyond the breadbox. "We consider this the very beginning phase," says Melissa Hoover of Arizmendi, who is also executive director of the U.S. Federation of Worker Cooperatives. She says the companies plan to develop more businesses and are researching possibilities "along the supply chain": trucking, retail, health and wellness, as well as a funding vehicle like Caja Laboral...
...Year approaches, however, hopes for peace are evaporating fast, largely because of two factors. First, the main drivers in the government toward negotiating a truce with the rebels have been out of action for weeks. Yar'Adua, a chain smoker with chronic health problems, has been in Saudi Arabia for nearly a month receiving treatment for pericarditis, an inflammation around the heart. In addition, the President's special adviser on Niger Delta affairs, Timi Alaibe, the key middleman who brought the militants to the table, has been in London for his own medical treatment since early October. The absence...
...intimate sit-down with the Napa Valley, California, chef, in which I was sitting at a desk in Los Angeles with a cell phone and he may or may not have been sitting, Keller gave credit to his staff and farmers. Then he said something about the food chain, followed by "You'll get free food for the next decade." I know it's early, but it's hard for me to see how Keller isn't going to be the Person of the 2010s. (See the top 10 everything...
Some 134 years and a $75 million face-lift later, the buildings remain an extremely desirable address, inhabited this time by upmarket fashion labels such as Marc Jacobs and Chloe, and a hotel, W Istanbul, tel: (90-212) 381 2121. One of the boutique chain's two European properties (the other is in Barcelona), W Istanbul is a curious mix of bling - crystals and ambient pink lighting feature heavily - and classic Ottoman design elements such as sleek marble hammam-style bathrooms and colors of rich chocolate, cream and dark red. (See 25 authentic Asian experiences...