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Restaurant Business Daily

A true business intelligence tool helping operators become more efficient and profitable, Restaurant Business Daily eNewsletter gives restaurateurs tips and tools from RestaurantBusinessOnline.com's most recent postings and from around the web.

Operations

Tampa's Brocato's Sandwich Shop files bankruptcy citing lingering debts from pandemic

 By Lisa Jennings on May 13, 2024

Known for its Cuban sandwiches and devil crabs, the 76-year-old Brocato's Sandwich Shop will continue to operate during the reorganization as it finds financial footing.

Financing

A prominent McDonald's franchisee sues the brand, claiming it wants him out of the system

 By Jonathan Maze on May 13, 2024

George Michell, who owns some of the brand’s most successful locations, claims the company is using its new franchising standards to force him to sell his restaurants.

Leadership

How Jaguar Bolera creator Robert Thompson is trading on joy

By Lisa Jennings on May 13, 2024

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

Operations

Playing the reservation game

By Nancy Kruse and Lisa Jennings on May 10, 2024

Nancy Kruse and Lisa Jennings discuss restaurant reservation scalpers, cancellation fees and what to do when you can't get into the hottest concept in town.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

By Jonathan Maze on May 10, 2024

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Investors regain their taste for Sweetgreen

By Jonathan Maze on May 10, 2024

The Bottom Line: The salad chain’s stock rose 34% on Friday after sales and profitability were better than expected. The company’s shares are above its IPO price for the first time in two years.

Financing

McDonald’s, looking to boost traffic, considers a $5 value meal

By Jonathan Maze on May 10, 2024

The fast-food giant, which has shifted its focus to value, is working to convince franchisees to go along with a bundled meal featuring a McChicken or a McDouble. The plan is expected to pass.

Operations

Sweetgreen inches closer to profitability

By Lisa Jennings on May 09, 2024

Despite flat traffic for the first quarter, the fast-casual salad chain raised guidance for the year, citing continuing momentum.

Technology

McDonald's is making a massive investment in digital marketing

By Jonathan Maze on May 09, 2024

The fast-food giant is shifting spending to digital marketing and plans to invest “hundreds of millions” into digital innovation, including new ordering channels, personalization and loyalty.

Financing

Increased marketing spending did not help Papa Johns' sales in April

By Jonathan Maze on May 09, 2024

A softer consumer environment is more than offsetting the pizza chain’s boost in marketing in recent weeks. But profitability improved last quarter.

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