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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

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?

Operations

Jeff and Mike Mastro get second chance to do steakhouses differently with Steak 48

By Lisa Jennings on Aug. 18, 2023

They founded and sold the Mastro's chain. Now the brothers are building a new group of high-end steakhouses that attempt to raise the bar.

Leadership

New hires at Taziki's Mediterranean Cafe, Scooter's Coffee and Black Rock Coffee Bar

By Lisa Jennings on Aug. 18, 2023

Executive Summary: The latest job jump news includes staff changes at Panera Brands, Subway and Denny's.

Financing

Here's another reason why sales might slow later this year

By Jonathan Maze on Aug. 18, 2023

The Bottom Line: U.S. consumers, which have kept spending at restaurants despite higher prices, are running out of excess pandemic savings. That might affect their spending.

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