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Fast_Casual

Financing

So much for Freshii being worth $1B

 By Jonathan Maze on Dec. 05, 2022

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

 By Lisa Jennings on Nov. 18, 2022

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

Emerging Brands

Le Pain Quotidien and The Little Beet leave the Aurify Brands nest

By Lisa Jennings on Nov. 18, 2022

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

Operations

Sweetgreen to open first drive-thru location

By Lisa Jennings on Nov. 14, 2022

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

Leadership

CEO Mandy Shaw to depart from Blaze Pizza

By Lisa Jennings on Nov. 10, 2022

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

Leadership

Wingstop’s top technology exec Stacy Peterson to step down in December

By Lisa Jennings on Nov. 08, 2022

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.

Leadership

Kelly Baltes named CEO of Steele Brands

By Lisa Jennings on Nov. 07, 2022

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.

Financing

The fast-casual sector is dead, or maybe it isn’t

By Jonathan Maze on Nov. 02, 2022

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.

Leadership

Tijuana Flats names Joe Christina CEO

By Jonathan Maze on Oct. 31, 2022

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

Financing

Raising Cane's outperforms Chick-fil-A on one key metric

By Jonathan Maze on Oct. 31, 2022

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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