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.

Leadership

Pokeworks promotes Regina Cheung to CEO

The 60-unit chain’s former CFO will take the helm as it plots its growth outside the U.S. for the first time.

Financing

How Subway's closures could open the door for growth chains

The Bottom Line: Ike’s Love & Sandwiches has grown to 100 locations. And a surprisingly big part of its growth strategy involves closed Subway restaurants.

Technomic's Take: Black Valley Provender in Everett, Penn., shows how a restaurant can operate in a small town using local ingredients and higher-priced menus.

The Bottom Line: Consumers could easily shift into value mode as they start repaying student loans and run out of pandemic cash. But that doesn’t mean you should start slashing prices.

The burger chain is planning a “strategic refranchising program,” refranchising restaurants in certain markets to operators that then build more locations.

Papa Murphy’s, Baskin-Robbins and Burger King are among the chains that closed the most net restaurants last year. But one big chain stands out.

The former Kitchen United chief executive will become the first CEO in in the Pasadena, Calif.-based chain’s history.

The Bottom Line: The 22-year-old private equity firm has been involved in many of the industry’s biggest deals, especially in recent years. And Subway isn’t even the biggest.

The private equity firm, which owns Inspire Brands and Focus Brands among other restaurant companies, won an eight-month auction for the sandwich giant.

The Bottom Line: The lengthy sale process and the apparent deal terms in Roark Capital’s winning bid reveal just how difficult a turnaround the sandwich giant is.

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