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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 143
Financing

Roark Capital buys a piece of Cheesecake Factory

The private-equity firm, which owns Arby's and Buffalo Wild Wings, has acquired 200,000 shares of preferred stock for $200 million.

Financing

Restaurants say the PPP needs more than just additional funds

Operators say the process was an ordeal, and the terms may yield less assistance than was intended.

Operations

States given guidelines on reopening dining rooms

The White House’s plan for restarting the economy calls for reactivating dine-in service in three phases, with safety checks before each.

Operations

Hundreds of IHOP, Applebee’s units have closed, parent Dine Brands Global indicates

The company said it is furloughing corporate employees but did not reveal how many.

Financing

Federal relief loan programs run out of money

The SBA says it has stopped accepting PPP applications. Restaurants that applied for the agency’s other COVID-19-related relief loans will be processed on a first-come, first-served basis.

Operations

With strong off-premise sales, Bloomin’ forgoes furloughs

None of the Outback parent’s 90,000 employees have been laid off because of the COVID-19 crisis. Comps are down 31%.

Financing

While small operations struggle, chains land PPP loans

The relief funds have flowed to operations such as Ruth’s Chris and Potbelly.

Operations

Grocery sales prove a boon for Beef ‘O’ Brady’s, but not without sweat

Branching into retail has brought its own set of challenges.

Leadership

Restaurant operators get multiple seats on Trump’s reopening panel

Nearly two dozen industry representatives, from chain CEOs to owner-operators and suppliers, will serve as a sounding board.

Operations

Red Robin closes stores, cuts staff

The 35 shuttered units were mostly mall locations, the company said.

Operations

All of a sudden, there's talk of reopening

States are coming together to plot a restart of the economy. But restaurants may be on the sidelines for a while.

Operations

Shakeout and takeout usher in new realities for full-service chains

The crisis has been a catalyst for righting supply and demand while also proving QSRs don’t have a hammerlock on off-premise.

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