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Financing

What did the Starbucks CEO expect?

 By Jonathan Maze on May 14, 2024

The Bottom Line: Howard Schultz needed just one bad quarter to make public his displeasure with the coffee shop chain. But the stage was set for that two years ago.

Leadership

Cousins Subs co-founder Bill Specht dies at age 80

 By Peter Romeo on May 14, 2024

A one-time East Coast Navy man trained to sink submarines, he found success in the Midwest selling another sort of sub.

Beverage

Coffee chain Blank Street opens 'The Green Room' as innovation cafe

By Patricia Cobe on May 14, 2024

The brand’s newest location in New York City’s Soho neighborhood showcases a rotating menu, beverages in test and an enhanced customer experience.

Financing

Explaining the charges against Fat Brands Chairman Andy Wiederhorn

By Jonathan Maze on May 14, 2024

The creator of the owner of Twin Peaks, Fazoli’s, Fatburger and other chains was charged in a $47 million false loan scheme and sued by the SEC for misusing company funds. Here’s what we know.

Food

Pizza Hut makes a move into burger territory

By Patricia Cobe on May 14, 2024

With its new Cheeseburger Melt, the pizza chain aims to take on the fast-food burger giants.

Financing

Fat Brands files confidentially to take Twin Peaks public

By Heather Lalley on May 14, 2024

The multi-concept restaurant operator said it would also like its Smokey Bones barbecue concept to become a public company.

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

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.

Leadership

New England chef Jasper White dies at age 69

By Peter Romeo on May 13, 2024

A fan of simply prepared fresh seafood, the CIA grad was a pioneer in the American regional cuisine boom of the 1980s and an early proponent of "casualizing" fine dining.

Financing

Red Lobster closes dozens of locations nationwide as bankruptcy looms

By Joe Guszkowski on May 13, 2024

The wave of at least 99 closures across the country comes as the seafood chain is reportedly planning to file for bankruptcy.

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