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finance

Financing

More small restaurant chains file for bankruptcy

 By Jonathan Maze on Jun. 17, 2024

Melt Bar & Grilled, an Ohio chain that was featured on the Food Network and the Travel Channel, joins the Chicago concept Kuma’s Corner and other small chains running into post-pandemic financial problems.

Technology

Facing delisting, AI supplier Presto pursues a reverse stock split

 By Joe Guszkowski on Jun. 12, 2024

The tech company is hoping to raise its share price to avoid being booted from the Nasdaq stock exchange.

Technology

Mad Mobile, maker of Cake POS, lands $50M in funding

By Joe Guszkowski on Jun. 11, 2024

The tech company will use the financing to expand its technology, which includes online ordering, payments and loyalty.

Operations

Gladstone's in Los Angeles prepares to make its last days the best ever

By Lisa Jennings on Jun. 07, 2024

Three partners and a small group of employees are determined to keep the 50-year-old beachfront restaurant alive, risking everything with the hope of making history.

Financing

The former CEO of Famous Dave's is making a play for Rubio's and BurgerFi

By Jonathan Maze on Jun. 06, 2024

Jeff Crivello has been buying up brands like Cowboy Jack's this year. He is now turning to the two struggling fast-casual chains after acquiring their debt, giving him a good chance to buy both.

Operations

How Dave's Hot Chicken is harnessing a rabid fan base

By Lisa Jennings on Jun. 04, 2024

Top 500: It was one of the fastest growing fast-casual chains in 2023 and sales nearly doubled. But is the hot chicken chain growing too fast?

Emerging Brands

Cracker Barrel slows development of Maple Street Biscuit Co.

By Peter Romeo on May 30, 2024

Resources and management's attention will be focused on a rejuvenation of the company's namesake brand, whose traffic is down 20% year to date, executives told Wall Street Thursday.

Financing

Subway's debt sale is apparently breaking a record

By Jonathan Maze on May 29, 2024

The whole business securitization Roark Capital is using to finance its acquisition of the sandwich giant is reportedly the largest on record.

Financing

Minnesota restaurants will soon have to start disclosing total prices, service fees included

By Peter Romeo on May 23, 2024

A law enacted this week bans hidden fees but allows restaurants to continue levying surcharges if customers get a heads-up and the money goes to employees.

Financing

Red Lobster gives private equity another black eye

By Jonathan Maze on May 22, 2024

The Bottom Line: The role a giant sale-leaseback had in the bankruptcy filing of the seafood chain has drawn more criticism of the investment firms' financial engineering. The criticism is well-earned.

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