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Financing

A wave of bankruptcies hits the restaurant industry

 By Joe Guszkowski on Apr. 24, 2024

Macroeconomic challenges and corporate missteps have landed a number of companies in financial crisis this year.

Financing

Fast-growing Tropical Smoothie is being sold to Blackstone

 By Jonathan Maze on Apr. 24, 2024

The Atlanta-based fast-casual smoothie chain, which has thrived in recent years, is being sold to the private-equity giant for $2 billion.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

By Peter Romeo on Apr. 24, 2024

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Operations

Chipotle raises menu prices in California up to 7%

By Lisa Jennings on Apr. 24, 2024

California's AB1228 pushed the fast-casual chain's wage up 20% and menu price hikes will cover the cost. But with first-quarter traffic up more than 5%, Chipotle officials are not worried.

Financing

How restaurants can tailor real estate strategies to an uncertain market

By Jonathan Maze on Apr. 24, 2024

A Deeper Dive: Real estate attorney Stephen Cohen joins the Restaurant Business podcast to talk about the state of restaurant real estate.

Financing

Yes, restaurants are losing traffic to grocers and convenience stores

By Jonathan Maze on Apr. 24, 2024

According to data from Placer.ai, traffic at restaurants has lagged that of grocers, superstores and convenience stores since the pandemic.

Financing

The Sports Bra wins growth investment from Serena Williams' husband

By Lisa Jennings on Apr. 24, 2024

With women's sports on fire, Reddit co-founder Alexis Ohanian's 776 Foundation is providing an assist to franchise and expand this Portland, Oregon-based sports bar dedicated to supporting female athletes.

Food

BurgerFi launches the Better Burger Lab as an innovation pipeline

By Patricia Cobe on Apr. 24, 2024

The remodeled NYC location gives guests a chance to sample and provide feedback on new menu items before they roll out systemwide.

Technology

Underground delivery startup Pipedream raises $13M

By Joe Guszkowski on Apr. 24, 2024

The company will use some of the funding to meet demand for its restaurant pickup system, which uses tunnels to move food from the kitchen to the parking lot.

Financing

Clover Food Lab emerges from bankruptcy with big growth plans

By Jonathan Maze on Apr. 24, 2024

The vegetarian fast-food chain emerged from Chapter 11 bankruptcy protection after just a few months with plans to grow to 60 locations around New England within five years.

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