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Financing

First Watch blazes its own path on tech, aiming for multiple benefits

 By Peter Romeo on Mar. 05, 2024

The breakfast-and-lunch chain is proceeding slowly and selectively in building its stack.

Financing

BJ's adds ex-Darden CFO Brad Richmond to board in deal with activist investor

 By Joe Guszkowski on Mar. 05, 2024

The agreement between BJ's and Fund 1 Investments will also create a new board committee focused on improving shareholder value.

Financing

Red Robin sells 10 restaurants for $24M in sale-leaseback deal

By Joe Guszkowski on Mar. 04, 2024

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

Financing

Portillo’s sees opportunity in catering, pickup-only stores

By Heather Lalley on Feb. 27, 2024

The Chicago-style fast casual opened 12 new restaurants in 2023, a record number, and said same-store sales rose 5.7% during the year.

Financing

Starbucks' latest union battle is over its board

By Jonathan Maze on Feb. 23, 2024

Labor activists argue that the company’s union stance has been bad for its brand and warrants new board members. The coffee shop chain is pushing back hard.

Financing

Red Lobster's owner 'not expecting much' from sale

By Joe Guszkowski on Feb. 20, 2024

The struggling seafood chain lost more than $22 million last year, said Thai Union Group, which is looking to offload the brand.

Financing

Fast-growing 7 Brew Coffee gets growth investment from Blackstone

By Heather Lalley on Feb. 15, 2024

With the transaction, early investor Jimmy John Liautaud of sandwich chain fame sold his stake in the drive-thru coffee-stand concept.

Financing

An activist investor is pushing BJ's to sell itself

By Joe Guszkowski on Feb. 13, 2024

Pleasant Lake Partners said the chain is underperforming but would make an attractive acquisition target.

Emerging Brands

How Tacos 1986 is scaling the magic of a Tijuana-style taqueria

By Lisa Jennings on Feb. 12, 2024

It has been a journey that involved pure grit, stretching the truth at times and former first baseman Adrian Gonzalez. But this seven-unit Los Angeles chain is preparing for the next phase of growth.

Financing

The world's largest restaurant franchise group may be for sale

By Lisa Jennings on Feb. 08, 2024

The largest shareholders behind the massive Flynn Group are considering a sale of a majority stake, according to media reports.

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