Fast_Casual

Financing

BurgerFi’s openings take a big hit due to supply and labor shortages

The better-burger brand had planned to open up to 30 new restaurants this year. On Thursday, the fast casual revised that estimate to 18 new stores.

Operations

Inside the great catering comeback of 2021

As workers return to their offices and the holiday season gets underway, restaurants in every segment are ramping up catering programs to feed increased demand.

The Canadian fast casual’s same-store sales remain down more than 20% over pre-pandemic levels during the third quarter.

Deborah von Kutzleben also spent more than two decades at global advertising firm BBDO Worldwide.

The fast-casual salad chain revealed the terms of its initial public offering Tuesday, saying it intends to sell its shares for between $23 and $25 apiece.

The six-unit fast-casual chain, known for its inventive taco fillings, is readying for initial growth around the East Coast thanks to an undisclosed investment deal from Investors Management Corporation.

The tech-enabled fast casual, which has nine locations, nabbed a $4 million cash infusion less than a year ago from industry veteran Greg Dollarhyde.

One Tortazo unit opened just before the pandemic began, but a second location of the Mexican sandwich concept recently opened in New York City. The brand said it remains bullish on urban centers despite the challenges.

Some smaller fast-casual chains continue to struggle with pandemic recovery, with urban locations remaining especially slow to pick up.

The better burger chain said the acquisition is its first in a long-term plan of building a multi-brand restaurant platform.

  • Page 30