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Fast_Casual

Financing

So much for Freshii being worth $1B

The Bottom Line: Investment bankers initially pushed the healthy fast-casual franchise as a $1 billion brand. It never came close to that. And then the pandemic hit.

Leadership

Former Church’s Texas Chicken exec named CEO of Fuku

Claudia Lezcano to replace Alex Munoz-Suarez at the helm of the David Chang-founded fast-casual brand.

The fast-casual chains will be operated by newly created operating platform Convive Brands.

The first ‘Sweetlane’ is scheduled to open Tuesday in a Chicago suburb, adding to the chain’s growing portfolio of formats.

Sources say she is leaving the fast-casual pizza chain, though details of the departure and its timing are not yet clear.

The chicken wing chain's chief revenue and technology officer is moving to a CEO position, but where she is going has not been revealed.

The former Maggiano's president will helm the growing parent of Crisp & Green and Stalk & Spade as it adds a third brand called Paco & Lime.

A Deeper Dive: This week’s episode of the Restaurant Business podcast features a discussion on the blurring lines between quick service and fast casual.

The Orlando-based chain hired the former Church’s Texas Chicken executive to lead its growth and expand franchise development.

The Bottom Line: The fast-casual chain generates nearly $5 million in sales per unit selling chicken fingers. But that’s not the most impressive thing about it.

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