BurgerFi

Operations

BurgerFi defaults on its credit agreement

The parent company of the BurgerFi and Anthony's Coal Fired Pizza & Wings restaurant chains fell out of compliance with its loan agreement amid weak sales and financial losses. But the CEO insists turnaround efforts are taking hold.

Marketing

How BurgerFi and Anthony's Coal Fired Pizza are generating menu buzz

CMO Cindy Syracuse differentiates the brands through strategic menu promotions in the crowded burger and pizza segments.

Comp sales in 4Q were down 9% in preliminary results for the better-burger brand, but CEO Carl Bachmann said the foundation is in place for recovery.

The Florida-based company has closed five underperforming restaurants and more may be shuttered. Meanwhile, chicken is coming to the menu to help turn things around.

The burger chain signed a licensing agreement with a movie theater chain that will allow film watchers to order burgers from their seats.

The Florida-based chain acquired two franchise units and is plotting a return to Manhattan. Also, the fries will be improved.

The lifestyle media maven, who gave the Florida-based company a big name when she joined the board in 2021, quietly stepped down as director last month.

Carl Bachmann will jump from one fast-casual burger chain to the other when he takes over as BurgerFi CEO in July.

Baines plans to stay on as a consultant for another 12 months while a replacement is found. COO John Iannucci will lead as interim.

Gopuff will serve the brand’s burgers and fries from its network of kitchens as it moves further into the restaurant business.

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