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Financing

Thompson Hospitality buys Matchbox Food Group out of bankruptcy

 By Jonathan Maze on Nov. 18, 2020

The casual dining chain is reopening four units as it emerges from Chapter 11.

Technology

DoorDash files for IPO, hopes to raise $100M

 By Joe Guszkowski on Nov. 13, 2020

The company has lost money every year since its founding, and said it expects those losses to continue.

Financing

Earnings roundup: Red Robin, Cracker Barrel, J. Alexander’s, Chuy’s, Marriott

By Peter Romeo on Nov. 06, 2020

Here’s a snapshot of how those operations fared during Q3, along with a look at how they intend to improve their performance.

Financing

Bankrupt Applebee’s franchisee moves to dismiss its Chapter 11

By Peter Romeo on Nov. 05, 2020

The debt that triggered the bankruptcy filing has been acquired by a restaurant company affiliated with the franchisee’s president, eliminating the need for protection, the creditor said in a court filing.

Financing

Ruth’s Chris optimistic, but remains at whim of COVID restrictions

By Joe Guszkowski on Oct. 30, 2020

Same-store sales improved as the chain was able to reopen more dining rooms, but were still down 36% in the third quarter.

Financing

Topgolf to merge with golf equipment maker Callaway

By Jonathan Maze on Oct. 27, 2020

The all-stock merger creates a multi-branded golf powerhouse and gives Topgolf a valuation of nearly $2.5 billion.

Financing

Rubio’s Coastal Grill declares bankruptcy

By Heather Lalley on Oct. 26, 2020

The fast-casual chain, which has $82.3 million in debt, began seeing falling sales in 2017, according to court documents.

Financing

SBA streamlines forgiveness process for small PPP loans

By Peter Romeo on Oct. 09, 2020

The one-page form can be used by borrowers of $50,000 or less.

Financing

PPP forgiveness process begins

By Peter Romeo on Oct. 07, 2020

Restaurants may soon learn if their loans have become grants.

Financing

Why a second wave might be worse for restaurant-landlord relations

By Jonathan Maze on Oct. 07, 2020

This week’s episode of the RB podcast “A Deeper Dive” features real estate attorney Stephen Cohen, who has recommendations on lease negotiations.

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