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Fast_Casual

Financing

Panera apparently wants to go it alone again

 By Jonathan Maze on Jul. 22, 2024

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.

Financing

Why MOD Pizza is not out of the woods yet

 By Jonathan Maze on Jul. 15, 2024

The Bottom Line: The fast-casual pizza chain was sold last week to Elite Restaurant Group. But few who’ve seen the finances believe the company can avoid closing large numbers of stores.

Financing

The broken promise of fast-casual pizza

By Jonathan Maze on Jul. 09, 2024

The Bottom Line: The potential bankruptcy filing of MOD Pizza further illustrates the sector’s challenges, which have worsened coming out of the pandemic.

Financing

MOD Pizza is reportedly considering a bankruptcy filing

By Jonathan Maze on Jul. 03, 2024

The fast-casual pizza chain, for years one of the country’s fastest-growing concepts, said it is “exploring all options” to improve its capital structure.

Financing

Boston Market's collapse leaves creditors fighting over assets

By Jonathan Maze on Jul. 02, 2024

One of the chain’s bankers is pushing back against US Foods’ efforts to garnish its accounts after the distributor won a judgment earlier this year. The reasoning? It has too many garnishment requests.

Marketing

Perkins updates its name and launches a fast-casual version

By Peter Romeo on Jun. 25, 2024

The 66-year-old family-dining chain is planning a comprehensive overhaul that extends to its menu, operations and look.

Food

All of a sudden, fast casuals are staking a claim on steak

By Patricia Cobe on Jun. 21, 2024

Consumer demand for protein is pushing steak to the center of the plate—and the salad bowl—in concepts where you’d least expect it.

Financing

Saladworks-parent WOWorks is shopping for new brands to buy

By Lisa Jennings on Jun. 20, 2024

The platform company is almost finished assimilating its existing six brands. Now it's time to add to the family, said CEO Kelly Roddy.

Financing

Struggling I Heart Mac and Cheese franchisees push back against their franchisor

By Jonathan Maze on Jun. 12, 2024

Operators say most of them aren't making money and want a break on their royalties. But they also complain about receiving expired cheese from closed stores. "Don't send us moldy product."

Financing

Noodles & Company makes a deal with an activist

By Jonathan Maze on Jun. 10, 2024

The fast-casual chain, working its way through sales and profitability challenges, gave a board seat to an activist investor. But that’s not the only activist it has.

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