finance

Slimmed-down Pizza Inn and Pie Five continue profitability streak

By Heather Lalley on Feb. 01, 2024

Parent company Rave Restaurant Group said it made about $600,000 during its second quarter, about twice its net income from a year ago.

Financing

Savory Fund backs smoothie, acai bowl concept South Block

By Heather Lalley on Jan. 31, 2024

The majority stake marks the 12th restaurant investment for the Utah-based private-equity firm and the first in its $200 million Savory Fund III portfolio.

Financing

Another small restaurant chain is planning an IPO

By Jonathan Maze on Jan. 30, 2024

Sushi Ginza Onodera, a Tokyo-based chain of 12 upscale sushi restaurants, has filed for an $8 million initial public offering in the U.S.

Financing

US Foods awarded $15M default judgment against Boston Market

By Jonathan Maze on Jan. 30, 2024

A federal court judge cited the fast-casual chain's "willful disregard" for the litigation in ruling in favor of the giant distributor, which had sued for unpaid bills.

Financing

Newly public Pinstripes posts a solid Q3

By Heather Lalley on Jan. 19, 2024

The 15-unit bowling-bocce-bistro chain said it sees room to open 150 locations around the country.

Financing

Vegan chain Next Level Burger buys Veggie Grill

By Heather Lalley on Jan. 11, 2024

The move comes less than six months after Veggie Grill closed 12 restaurants amid declining sales. The deal creates a 27-unit plant-based restaurant company.

Financing

Key takeaways from the ICR Conference

By Jonathan Maze and Lisa Jennings on Jan. 11, 2024

California challenges, salad's growth, catering, bowl popularity and more chicken are among the issues restaurant chain executives discussed at the event in Orlando this week.

Financing