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finance

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.

Financing

Fat Brands files confidentially to take Twin Peaks public

By Heather Lalley on May 14, 2024

The multi-concept restaurant operator said it would also like its Smokey Bones barbecue concept to become a public company.

Financing

Red Lobster to file for bankruptcy this month, report says

By Joe Guszkowski on May 14, 2024

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.

Leadership

How Jaguar Bolera creator Robert Thompson is trading on joy

By Lisa Jennings on May 13, 2024

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

By Jonathan Maze on May 10, 2024

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Here's a business tool to keep restaurant executives employed after a tough Q1

By Peter Romeo on May 10, 2024

Reality Check: The first three months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.

Financing

How Chip City Cookies plans to use a second round of funding from Danny Meyer's investment arm

By Lisa Jennings on May 08, 2024

The Series B funding brings the Enlightened Hospitality Investments total to $17.5 million, which will help the 38-unit chain compete in the crowded cookie segment.

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