Joe Guszkowski

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The 10 largest casual-dining chains by systemwide sales

A familiar Italian chain kept the top spot, but there was movement below in a tough year for full-service restaurants.

Presto plans to improve its drive-thru AI by letting it make mistakes

The restaurant technology company’s latest product, Pure AI, cuts out human minders to allow the software to learn on its own.

Operations

Casual-dining chains had a difficult year

Price-conscious consumers began to shift away from sit-down restaurants in 2023 after embracing them a year earlier. That made growth difficult to come by.

Technology

Uber Eats to acquire Foodpanda in Taiwan for $950M

The deal will strengthen the restaurant delivery company's presence in Asia, where Foodpanda is one of its biggest rivals.

Financing

Red Lobster to file for bankruptcy this month, report says

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

Technology

Back-office tech supplier Restaurant365 raises $175M

It’s the company’s second nine-figure funding round in two years and will go toward product development and acquisitions.

Technology

Here's what tech companies will be talking about at the National Restaurant Show

AI and kiosks will be hot topics, and the word "platform" should get thrown around plenty. And don't forget the robots.

Financing

Red Lobster closes dozens of locations nationwide as bankruptcy looms

The wave of at least 99 closures across the country comes as the seafood chain is reportedly planning to file for bankruptcy.

Technology

Payment processor Shift4 to acquire Revel Systems for $250M

Shift4 said the deal would create cross-sell opportunities for its payments and POS businesses. It brings together two of the industry's biggest suppliers.

Financing