Shake Shack

Financing

Star investors lend upstarts a halo of success

The upscale restaurant market has its celebrity chefs, but the limited-service sector is giving rise to a group of marquee-name investors whose very interest tends to anoint their holdings as likely successes.

The week’s 5 head-spinning moments: Fear and loathing edition

Nothing grabs attention like the fear of being poisoned at restaurants that are worshipped for their quality. Unless you’re talking about a vegan restaurant with ties to a cannibal.

Danny Meyer provided details Monday night at a town-hall style meeting with guests, fellow restaurateurs and the media. Here are the particulars.

The parent of Gramercy Tavern and creator of Shake Shack intends to invest in upstart fast-casual brands and tech.

Bloomberg, citing unidentified sources, reports an offering is in the works and will set a new benchmark for fast casuals.

The fast casual aims for a piece of the fried-chicken frenzy.

Sabato Sagaria was formerly chief restaurant officer for Union Square Hospitality Group. He'll now head Barteca's 15-unit taco and tequila concept.

The offering may not be the $1 billion initial release that had been suggested, but the capital will fuel rapid growth for the retro burger chain.

Bolstered by Q1 sales of the Chick’n Shack, the chain is poised to expand its chicken platform in the future.

A deal with Postmates gives the chain’s customers free delivery this week.

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