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coronavirus

Financing

The pandemic has hastened Ruby Tuesday’s decline

The casual dining chain, which has been shrinking for years, has closed at least 150 locations, more than a third of the system, and many will not reopen.

Financing

Robert Earl group agrees to buy 45 restaurants from Bravo and Brio's parent in $29M deal

The operator of Planet Hollywood and Buca di Beppo is paying just $50,000 in cash for FoodFirst Global Restaurants.

Le Pain Quotidien and Vapiano were both struggling here before the pandemic, proving again the difficulty foreign chains have in establishing a beachhead, says RB’s The Bottom Line.

But sister brands Tim Hortons and Burger King are both down, even as the chains’ sales improve.

The 115,000 employees currently furloughed will remain out of work until the fall, according to the innkeeper. It’s now offering U.S. employees an exit deal.

The agenda will focus on 10 key areas of the restaurant business that are rapidly evolving: consumer experience; off-premise; labor; safety, sanitation and security; technology; supply chain; finance; menu evolution; engagement/loyalty; and operations.

Cofounder and CEO Zach McLeroy joins the RB podcast A Deeper Dive to discuss the chain’s response to the pandemic, as well as its future.

Same-store sales rose 33.5% in May, even as states started reopening restaurants for dine-in service.

U.S. same-store sales are up 14% so far this quarter, including 21% the past four weeks, as consumers stay in and order pizza.

Foods and beverages emerging in Asia are worth watching.

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