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finance

Financing

Newly public Portillo’s feels the margin squeeze

 By Heather Lalley on Nov. 18, 2021

The fast-casual chain’s margins dropped more than four percentage points over last year due to higher labor and commodity costs. But the company said its new restaurants are far exceeding expectations.

Financing

Fogo de Chao roared back from the pandemic and into an IPO

 By Joe Guszkowski on Nov. 17, 2021

Customers apparently couldn’t wait to get back to the Brazilian steakhouse chain this year, resulting in eye-popping sales growth.

Financing

Fogo de Chao is going public again

By Joe Guszkowski on Nov. 17, 2021

The 60-unit Brazilian steakhouse chain filed for an IPO on Wednesday, three years after being taken private. It reported strong unit economics coming out of the pandemic.

Financing

Private equity cedes the market to IPOs

By Jonathan Maze on Nov. 17, 2021

The Bottom Line: Yet another initial public offering, this one from Fogo, shows that the market has shifted considerably toward the public markets.

Emerging Brands

Savory Fund invests in boozy brunch chain Hash Kitchen

By Joe Guszkowski on Nov. 10, 2021

The Arizona-based casual-dining concept will use the funding to grow from five units to 30 over the next four years.

Technology

Tech provider Presto is going public via SPAC

By Joe Guszkowski on Nov. 10, 2021

It will merge with Ventoux Acquisition Corp. and begin trading on NASDAQ to raise funds for its digital ordering systems.

Leadership

Dave & Buster’s CFO Scott Bowman to depart next month

By Heather Lalley on Nov. 09, 2021

Bowman said he resigned to accept another opportunity. His announcement comes less than two months after Brian Jenkins, the food-and-games chain’s then-CEO, said he was retiring.

Financing

Panera Brands will go public, with an assist from Danny Meyer

By Heather Lalley on Nov. 09, 2021

Meyer will invest in the owner of Panera Bread, Caribou Coffee and Einstein Bros., and his USHG Acquisition Corp. will become a "cornerstone partner" of the company.

Emerging Brands

Golden Corral parent partners to expand Taco Bamba

By Heather Lalley on Nov. 09, 2021

The six-unit fast-casual chain, known for its inventive taco fillings, is readying for initial growth around the East Coast thanks to an undisclosed investment deal from Investors Management Corporation.

Financing

Sweetgreen seeks to raise about $275M with its IPO

By Heather Lalley on Nov. 09, 2021

The fast-casual salad chain revealed the terms of its initial public offering Tuesday, saying it intends to sell its shares for between $23 and $25 apiece.

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