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finance

Operations

Shake Smart to grow with investment from NewSpring Franchise

 By Lisa Jennings on Mar. 14, 2024

Known for protein shakes, smoothies and more, the 45-unit chain is primarily on college campuses.

Operations

Eatertainment concept wins Danny Meyer-affiliated investment

 By Lisa Jennings on Mar. 13, 2024

Enlightened Hospitality Investments supports Five Iron Golf with $20 million to help open Grand Central Station flagship.

Financing

Revamped loyalty program drives sales at Potbelly

By Heather Lalley on Mar. 08, 2024

The sandwich chain said its fast-growing digital business is shifting customers away from third-party channels, with loyalty membership growing nearly 90% during the fourth quarter.

Financing

This would be a bad time for a Panera IPO

By Jonathan Maze on Mar. 07, 2024

The Bottom Line: The fast-casual chain has wanted to go public for years. But controversies, lawsuits, a menu overhaul and an ingredient downgrade made that a bad idea.

Technology

AI supplier Presto still 'very open for business,' despite financial challenges

By Joe Guszkowski on Mar. 06, 2024

The company raised enough cash to get through the middle of the month and has a long-term capital plan, its chairman said.

Financing

First Watch blazes its own path on tech, aiming for multiple benefits

By Peter Romeo on Mar. 05, 2024

The breakfast-and-lunch chain is proceeding slowly and selectively in building its stack.

Financing

BJ's adds ex-Darden CFO Brad Richmond to board in deal with activist investor

By Joe Guszkowski on Mar. 05, 2024

The agreement between BJ's and Fund 1 Investments will also create a new board committee focused on improving shareholder value.

Financing

Red Robin sells 10 restaurants for $24M in sale-leaseback deal

By Joe Guszkowski on Mar. 04, 2024

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

Financing

Portillo’s sees opportunity in catering, pickup-only stores

By Heather Lalley on Feb. 27, 2024

The Chicago-style fast casual opened 12 new restaurants in 2023, a record number, and said same-store sales rose 5.7% during the year.

Financing

Starbucks' latest union battle is over its board

By Jonathan Maze on Feb. 23, 2024

Labor activists argue that the company’s union stance has been bad for its brand and warrants new board members. The coffee shop chain is pushing back hard.

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