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Financing

Welcome to a tough new normal

 By Jonathan Maze on Nov. 16, 2023

The Bottom Line: Attendees and speakers painted an anxious picture of the operating environment at the Restaurant Finance and Development Conference. Here’s why that might be here for a while.

Technology

POS provider Qu lands investment from Danny Meyer’s Enlightened Hospitality

 By Joe Guszkowski on Nov. 14, 2023

Qu’s cloud-based system is designed to untangle the tech stack for limited-service chains. Meyer believes it could become a “big player.”

Financing

Joe & the Juice has a new majority owner

By Lisa Jennings on Nov. 13, 2023

Investment firm General Atlantic has agreed to take a majority stake in the global coffee, juice and sandwich chain with plans to expand franchising.

Financing

Wingstop franchise group Far West Services wins growth investment

By Lisa Jennings on Nov. 07, 2023

Brentwood Associates and Sixth Street are teaming up with the franchise partners to expand the fast-casual chicken brand.

Financing

First venture beyond restaurants brings a new name for Greg Flynn's mega-franchise company

By Peter Romeo on Nov. 02, 2023

The rechristening is simultaneous with the purchase of 37 franchised Planet Fitness gyms.

Financing

A small Florida chain files for bankruptcy and blames the pandemic

By Jonathan Maze on Oct. 31, 2023

Icebox Cafe, which operates four restaurants plus some vending machines, said dealings with “aggressive lenders” had a role in its filing.

Financing

At Raising Cane's, strong financial performance with a bit of risk

By Jonathan Maze on Oct. 31, 2023

The fast-casual chicken tenders chain has thrived coming out of the pandemic with strong sales, traffic and earnings. But it spends a lot on growth, according to bond ratings agencies, and its menu is a risk.

Emerging Brands

PopUp Bagels raises $8M for expansion

By Lisa Jennings on Oct. 24, 2023

This "rip-and-dip" bagel concept has backing from celebs like Paul Rudd, J.J. Watt, Darren Rovell and movie producer John Davis.

Financing

How Starboard Value plans to fix Bloomin' Brands

By Joe Guszkowski on Oct. 19, 2023

The activist investor wants to improve operations at Outback Steakhouse, put the fun back into its marketing and highlight its growing Brazil business.

Financing

The owner of Wagamama is being sold to a private equity firm

By Jonathan Maze on Oct. 12, 2023

The Restaurant Group, the U.K. company that owns the Asian concept, is being sold to Apollo Global Management for $623 million.

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