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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

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

Looking for the next Chipotle? These 3 chains are already there

By Jonathan Maze on May 03, 2024

The Bottom Line: Wingstop, Raising Cane’s and Jersey Mike’s have broken free from the pack of well-established growth chains. Here’s why this trio stands out.

Food

Eating your way around Chicago

By Patricia Cobe and Lisa Jennings on May 03, 2024

10 notable places to check out while in town for the National Restaurant Association Show.

Operations

President Biden vetoes joint employer legislation

By Jonathan Maze on May 03, 2024

The president declined to sign off on a bill that would have scuttled an effort to make franchisors jointly liable for their franchisees’ workers, sending the issue back to Congress.

Operations

Texas Roadhouse continues its hot streak

By Joe Guszkowski on May 03, 2024

The chain reported another quarter of impressive sales and traffic growth, and its margins increased, too.

Food

Pizza serves as a blank canvas for culinary innovation—in the U.S. at least

By Nancy Kruse on May 03, 2024

State of the Plate: Italians are strict about their pies, but American pizza chefs have an array of seemingly endless riffs on the popular dish, menu trends columnist Nancy Kruse writes.

Financing

As it is sold, Clean Juice struggles with supply issues

By Jonathan Maze on May 03, 2024

Operators have closed or rebranded nearly half of the chain’s locations over the past year and a half. And then as the chain was sold last week, franchisees were told the company lost its distribution contract.

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.

Food

How restaurants are snagging the new pack of snackers

By Patricia Cobe on May 03, 2024

The demand for anytime, anywhere eating keeps rising, and operators are noticing, competing to offer a greater variety of value-priced and inventive snacks to steal customers away from retail.

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