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Restaurant Business Daily

A true business intelligence tool helping operators become more efficient and profitable, Restaurant Business Daily eNewsletter gives restaurateurs tips and tools from RestaurantBusinessOnline.com's most recent postings and from around the web.

Operations

Etta Collective confirms 10 layoffs, including an equity partner

 By Lisa Jennings on Aug. 23, 2023

Beverage director and partner Micah Melton is among the cuts from the multi-concept group that has big plans for growth with the concepts Etta, Sophie's and more. In addition, executive chef Dan Perretta has quit.

Food

What restaurants can learn from this 'Girl Power' summer

 By Nancy Kruse and Lisa Jennings on Aug. 22, 2023

Nancy Kruse and Lisa Jennings talk girl dinners and why it's a good idea to leave your gender stereotypes at the door.

Financing

Popeyes takes on China

By Jonathan Maze on Aug. 22, 2023

The chicken chain drew long lines to its opening in Shanghai over the weekend as it works to take on behemoth KFC in the massive market.

Operations

Veggie Grill has closed 12 restaurants in 'right sizing' of portfolio

By Lisa Jennings on Aug. 22, 2023

The remaining 17 units will focus on revitalization and menu innovation. CEO and co-founder T.K. Pillan said the plant-based movement has been "over-hyped" and is now becoming "normalized."

Financing

The 10 biggest restaurant chain acquisitions

By Jonathan Maze on Aug. 22, 2023

Subway appears to be on the verge of completing the third-largest chain acquisition by value in history. Here are a look at the 10 biggest, at least until that one is complete.

Financing

Subway is apparently nearing a sale

By Jonathan Maze on Aug. 21, 2023

Roark Capital is reportedly close to a $9.6 billion acquisition, though a source said that the process remains “very competitive and fluid.”

Operations

How John Cywinski plans to grow Qdoba Mexican Eats and Modern Market

By Lisa Jennings on Aug. 21, 2023

The CEO of Qdoba-parent Modern Restaurant Concepts is borrowing from the playbook used during his leadership at Applebee's and KFC. The first step, however, was selling the Lemonade brand.

Leadership

Sweetgreen snags two former Chipotle execs

By Lisa Jennings on Aug. 21, 2023

Chad Brauze is the new head of culinary and Michael Kotick is leading the marketing team. Both are alums of fast-casual rival Chipotle.

Financing

In Bloomin' Brands, Starboard finds its next undervalued target

By Jonathan Maze on Aug. 21, 2023

The Bottom Line: The activist investor, who shook up Darden and helped get Papa Johns back on its feet, may be just what the doctor ordered for one of the most overlooked restaurant companies on Wall Street.

Financing

The owner of Jimmy John's makes a run at Subway

By Jonathan Maze on Aug. 21, 2023

The Bottom Line: Roark Capital reportedly has the inside track at buying Subway. But it also owns Jimmy John’s. Can the two chains coexist under the same owner?

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