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finance

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.

Financing

Foxtrot Market’s assets to be sold in foreclosure sale

 By Heather Lalley on May 07, 2024

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

Financing

10 restaurant chains that closed the most locations last year

By Jonathan Maze on May 06, 2024

Restaurant chains navigated a difficult market in 2023 due to inflation. Here are the brands that closed the most locations as a percentage of their unit count last year.

Leadership

Meet the restaurant fixer who now owns Etta

By Lisa Jennings on May 03, 2024

Tech entrepreneur Johann Moonesinghe suddenly finds himself leading a growing group of restaurants. His secret? He doesn't expect to make a profit.

Financing

Earnings roundup: Fatburger, El Pollo Loco and Pizza Inn

By Jonathan Maze, Heather Lalley and Lisa Jennings on May 03, 2024

Fat Brands has some trouble with the weather; strong results from El Pollo Loco and Rave Restaurant Group wants some remodels.

Financing

TGI Fridays sells licensing rights to Kraft Heinz to pay off debt, report says

By Joe Guszkowski on May 03, 2024

The deal gives Kraft Heinz the right to use Fridays’ brand name on retail products in perpetuity.

Financing

STK parent One Group completes acquisition of Benihana for $365M

By Joe Guszkowski on May 01, 2024

The deal nearly triples One Group's footprint and brings its total annual revenue to more than $1 billion.

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

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.

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