Financing
Sweetgreen raises $364M in its IPO
The 140-unit salad chain priced its shares at $28 —$3 above its previously stated range—as it begins trading on the New York Stock Exchange Thursday.
Financing
Newly public Portillo’s feels the margin squeeze
The fast-casual chain’s margins dropped more than four percentage points over last year due to higher labor and commodity costs. But the company said its new restaurants are far exceeding expectations.