finance

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

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.

Premium

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

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.

Financing