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finance

Financing

Luckin Coffee declares bankruptcy in the U.S.

 By Jonathan Maze on Feb. 05, 2021

The Chinese coffee chain, which faked much of its customer traffic, filed for Chapter 15 debt protection in New York.

Financing

Roark Capital is raising another $5B

 By Jonathan Maze on Feb. 05, 2021

The private-equity firm, one of the most aggressive investors in the restaurant space, has established a big, new fund.

Financing

Julia Stewart is involved in the latest restaurant SPAC

By Jonathan Maze on Feb. 01, 2021

Bite Acquisition Corp. filed for a $150 million blank-check company last week, targeting a “traditional or non-traditional” restaurant.

Financing

Landry’s will go public after merger with Fast Acquisition

By Jonathan Maze on Feb. 01, 2021

The restaurant conglomerate, along with the gaming company Golden Nugget, will be valued at $6.6 billion after the deal is complete.

Financing

On hedge funds, GameStop and Famous Dave’s

By Jonathan Maze on Jan. 28, 2021

The surge in value of companies like GameStop and AMC reminds RB’s The Bottom Line of the time when hedge funders drove up stock in the barbecue chain—and almost destroyed it.

Financing

Cici’s, hammered by the pandemic and third-party delivery, declares bankruptcy

By Jonathan Maze on Jan. 26, 2021

The pizza chain filed for Chapter 11 and has a deal to be sold to one of its lenders.

Financing

City Capital Ventures takes a majority stake in a New Jersey Burger King franchisee

By Jonathan Maze on Jan. 22, 2021

Rackson Restaurants, which also operates Popeyes, operates more than 55 locations and has plans to grow larger.

Financing

Steak ‘n Shake reportedly hires restructuring advisors

By Jonathan Maze on Jan. 20, 2021

The burger chain, which has been closing locations, has debt that comes due in March and is exploring out-of-court restructuring or a bankruptcy filing.

Financing

Navigating the changes in the new Paycheck Protection Program

By Peter Romeo on Jan. 11, 2021

The tweaks include a much lower cap on loan size to shift more of the funding toward small businesses.

Financing

A flurry of restaurant deals portends to a big 2021

By Jonathan Maze on Jan. 10, 2021

Led by the Inspire-Dunkin’ Brands deal, 2020 turned out to be a bigger year for acquisition activity than expected. Expect more of the same this year.

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