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finance

Financing

Red Lobster ponders best path out of bankruptcy

 By Joe Guszkowski on Jul. 12, 2024

The seafood chain and its creditors are aligning behind a debt-for-equity deal that would limit disruptions and expenses.

Financing

The restaurant M&A market was tough, and then came the bankruptcies

 By Jonathan Maze on Jul. 10, 2024

The market for restaurant mergers and acquisitions has been slow for more than two years. But that market is bifurcated, as good deals get done and opportunistic buyers snap up low-priced chains.

Leadership

Chipotle's longtime CFO Jack Hartung to retire next year

By Lisa Jennings on Jul. 09, 2024

Adam Rymer, Chipotle's vice president of finance, will step into the CFO role in January, and the two will work together for three months to smooth the transition.

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.

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