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finance

Technology

Olo files for a $100M IPO

The online ordering company is coming off a landmark year in which revenue grew 94%.

Financing

Restaurants and hotels draw $18B in PPP loans, the highest for any industry

The hospitality business has landed 18% of all loans to date.

The Chinese coffee chain, which faked much of its customer traffic, filed for Chapter 15 debt protection in New York.

The private-equity firm, one of the most aggressive investors in the restaurant space, has established a big, new fund.

The restaurant conglomerate, along with the gaming company Golden Nugget, will be valued at $6.6 billion after the deal is complete.

Bite Acquisition Corp. filed for a $150 million blank-check company last week, targeting a “traditional or non-traditional” restaurant.

The surge in value of companies like GameStop and AMC reminds RB’s The Bottom Line of the time when hedge funders drove up stock in the barbecue chain—and almost destroyed it.

The pizza chain filed for Chapter 11 and has a deal to be sold to one of its lenders.

Rackson Restaurants, which also operates Popeyes, operates more than 55 locations and has plans to grow larger.

The burger chain, which has been closing locations, has debt that comes due in March and is exploring out-of-court restructuring or a bankruptcy filing.

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