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finance

Financing

Atlanta fine-dining fixture Ray's Restaurants to be sold as founder retires

 By Joe Guszkowski on Apr. 26, 2024

Nothing will change under new owner TEI Hospitality, Ray’s namesake Ray Schoenbaum said.

Financing

Sticky's Finger Joint declares bankruptcy

 By Jonathan Maze on Apr. 25, 2024

The New York chicken tender chain struggled coming out of the pandemic with inflation and several legal challenges. It is the latest in a string of industry bankruptcy filings.

Financing

A wave of bankruptcies hits the restaurant industry

By Joe Guszkowski on Apr. 24, 2024

Macroeconomic challenges and corporate missteps have landed a number of companies in financial crisis this year.

Financing

The Sports Bra wins growth investment from Serena Williams' husband

By Lisa Jennings on Apr. 24, 2024

With women's sports on fire, Reddit co-founder Alexis Ohanian's 776 Foundation is providing an assist to franchise and expand this Portland, Oregon-based sports bar dedicated to supporting female athletes.

Financing

Oberweis Dairy finds a buyer

By Peter Romeo on Apr. 23, 2024

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

Midwestern favorite Oberweis Dairy declares bankruptcy and cuts staff

By Peter Romeo on Apr. 19, 2024

The ice cream chain intends to lay off staff in June and cut its costs in other ways, but to remain in operation following a Chapter 11 bankruptcy filing. It is struggling to find a buyer.

Financing

Red Lobster is struggling to pay its bills, vendors say

By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Technology

Dynamic pricing startup Juicer raises $5.3M

By Joe Guszkowski on Apr. 09, 2024

The company uses AI and historical sales data to adjust restaurants' menu prices in real time.

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

By Peter Romeo on Apr. 05, 2024

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

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