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News

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.

Beverage

Taste Tracker: Starbucks, Tim Horton's and Whataburger refresh beverage menus

By Patricia Cobe on May 12, 2024

The heat is on at Cracker Barrel and Dog Haus; summer means shrimp at Modern Market; BJ’s takes flight with sangria; and more menu news of the week.

Technology

Payment processor Shift4 to acquire Revel Systems for $250M

By Joe Guszkowski on May 10, 2024

Shift4 said the deal would create cross-sell opportunities for its payments and POS businesses. It brings together two of the industry's biggest suppliers.

Financing

Here's a business tool to keep restaurant executives employed after a tough Q1

By Peter Romeo on May 10, 2024

Reality Check: The first three months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.

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

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.

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

Earnings roundup: One Group, Topgolf, Potbelly, Chuy's, PFG, Bombshells, Olo, Toast

By Joe Guszkowski, Peter Romeo and Lisa Jennings on May 10, 2024

A look beyond the most recent results for big restaurant brands shows customers cutting back nearly across the board.

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.

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