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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.

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.

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

For Papa Johns, the CEO departure came at the wrong time

By Jonathan Maze on Apr. 23, 2024

The Bottom Line: The pizza chain worked to convince franchisees to buy into a massive marketing shift. And then the brand’s CEO left.

Workforce

Overtime pay to be extended to salaried employees earning less than $43,888

By Peter Romeo on Apr. 23, 2024

The pool of managers entitled to time-and-a-half pay will jump again on Jan. 1, then increase every three years.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

By Jonathan Maze on Apr. 23, 2024

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Financing

Oberweis Dairy finds a buyer

By Peter Romeo on Apr. 23, 2024

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

Operations

Retail-restaurant hybrids Foxtrot, Dom's cease operations

By Greg Lindenberg and Timothy Inklebarger on Apr. 23, 2024

The brands' recently formed parent company, Outfox Hospitality, has shut down all 35 of its locations in Chicago, Washington, D.C., and Austin, Texas.

Technology

Virtual brands are getting a little physical

By Joe Guszkowski on Apr. 23, 2024

Once reserved for the internet only, virtual brands are making their way onto in-restaurant menus and even their own brick-and-mortars, and seeing good results.

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