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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 93
Financing

SBA pulls the plug on the Restaurant Revitalization Fund

The federal grant program will officially end July 14 unless Congress replenishes the COVID relief pool, a possibility looking increasingly unlikely.

Financing

Jack in the Box's largest franchisee agrees to buy Taco Cabana for $85M

The sale by Fiesta Restaurant Group will enable the company to focus on Pollo Tropical, according to its CEO.

Financing

Ohio launches $100M pandemic aid program for restaurants

The money will be allocated in grants of up to $30,000, with the exact amount determined by revenue losses in 2020.

Marketing

Chili's and its virtual spinoff have a new marketing SVP: Michael Breed

The 17-year Brinker International veteran will be involved in growing the company's virtual operations as well as overseeing all domestic marketing for Chili's.

Operations

Los Angeles wants all restaurant customers and staffs to mask up again

Authorities say they're trying to tamp down the spread of the Delta coronavirus before it morphs into a vaccine-resistant form.

Operations

Buffalo Wild Wings' parent names John Varughese international COO

The former SVP of Dunkin' and Baskin-Robbins will have responsibility for the field operations of all of Inspire Brands' holdings.

Financing

New Jersey earmarks $10M for charities' purchase of restaurant meals

The unusual aid approach is in addition to $20 million allocated in direct grants to operators.

Workforce

Labor advocates use West Coast heat to press for more say on fast-food pay

A union group is also using the unprecedented weather conditions to push for a joint-employer standard.

Consumer Trends

Can casual chains hold onto their off-premise gains?

Darden Restaurants, the segment's biggest player, doesn’t have the answer, but CEO Gene Lee admits his first assessment was off-target.

Leadership

Kim Lopdrup to retire as Red Lobster CEO

He'll remain in the job until a replacement is named. The search has already commenced, according to the company.

Marketing

How earlier events gave Bob Evans a running start in confronting the pandemic

The brand was recast after its sale in mid-2017. Those changes proved fortunate when dining rooms were closed and off-premise was the only sales channel left.

Financing

Luby's sells Fuddruckers to a franchisee for an estimated $18.5M

The buyer is a newly formed affiliate of Nicholas Perkins, an operator of 13 Fuddruckers units and a contract management company.

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