Greg Flynn (businessman)
Greg Flynn is an American businessman. He is the founder of Flynn Restaurant Group, one of the world’s largest restaurant franchisees.[1] Flynn is worth at least $1.1 billion.[2] His group owns over 2,600 restaurants in the United States.[3]
He earned his MBA at Stanford Graduate School of Business in 1994.[4]
He founded Flynn Properties in 1994.[5]
In 1999, he founded Flynn Restaurant Group and purchased his first Applebees.[6]
In 2024, it was alleged that Flynn’s personal relationship with California Governor Gavin Newsom gave him influence on a new state law that would raise the state minimum wage at fast-food restaurants to $20 per hour. The law has an exception for chains that bake and sell bread as a standalone product. Flynn’s company controls over two dozen Panera Bread locations in California.[2] Flynn said "such a narrow exemption has very little practical value [...] we will almost certainly have to offer market value wages in order to attract and retain employees".[7]
References[edit]
- ↑ Feldman, Amy (16 September 2016). "The Super Sizer: How Greg Flynn Became America's Largest Restaurant Franchisee With $1.9B Revenues". Forbes.
- ↑ 2.0 2.1 Sirtori-Cortina, Daniela; Kamisher, Eliyahu; Eidelson, Josh (28 February 2024). "How Panera Bread Ducked California's New $20 Minimum Wage Law". Bloomberg.com.
- ↑ Lalley, Heather (April 22, 2024). "Greg Flynn expands his Applebee's empire". Financing. Restaurant Business.
- ↑ Simmons, Lee (November 16, 2020). "How a Restaurateur Is Navigating the Pandemic". Stanford Graduate School of Business. Retrieved 2024-04-30.
- ↑ "About – Flynn Properties". Retrieved 2024-04-30.
- ↑ Romeo, Peter (November 2, 2023). "First venture beyond restaurants brings a new name for Greg Flynn's mega-franchise company". Restaurant Business. Retrieved 2024-04-30.
- ↑ Beam, Adam (March 2, 2024). "Newsom pushes back against criticism of minimum wage law". The Sentinel. Associated Press. p. A2.
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