facebook pixal
Continue to Site >>>

finance

Financing

Chipotle reports record-breaking third quarter sales

 By Heather Lalley on Oct. 21, 2021

The fast casual said same-store sales increased 15.1% during the third quarter, with revenue climbing 21.9% to $2 billion.

Financing

Portillo’s aims high with IPO at $20 per share

 By Heather Lalley on Oct. 21, 2021

The 67-unit fast casual, with a menu of regional Chicago fare like hot dogs and Italian Beef sandwiches, will offer more than 20 million shares for sale starting Thursday.

Financing

Portillo’s CEO: IPO day is ‘like a rollercoaster’

By Heather Lalley on Oct. 21, 2021

The 67-unit fast casual, known for its Italian Beef sandwiches, ended its first day on the market with its share price at $29.10, up 45.5% from its starting price. It raised more than $405 million from the IPO.

Financing

Some Casa Bonita superfans don’t want ‘South Park’s’ creators to buy the quirky landmark

By Heather Lalley on Oct. 20, 2021

A group called Save Casa Bonita has filed an objection to the proposed sale, offering to pay $3.5 million for the Mexican restaurant/tourist attraction.

Financing

Investment firm takes a minority stake in Toppers Pizza

By Heather Lalley on Oct. 19, 2021

The undisclosed investment by Great Plains Capital LLC will be used to speed up growth plans at the quick-service pizza chain.

Financing

Creditors accuse Old Country Buffet’s former owners of misusing PPP funds

By Jonathan Maze on Oct. 19, 2021

Fresh Acquisitions, whose assets were just sold to Famous Dave’s owner, is being accused of misappropriating $20 million before it filed for bankruptcy, including $4 million in Paycheck Protection Program funds.

Financing

Coffee chain Blank Street nabs $25M investment

By Heather Lalley on Oct. 13, 2021

The 14-unit chain, which launched just 14 months ago, operates micro cafes and coffee carts in New York City.

Financing

Portillo’s hopes to raise about $400M with its IPO

By Heather Lalley on Oct. 12, 2021

The fast casual revealed Tuesday it intends to sell more than 20 million shares at between $17 and $20 each when it goes public October 21.

Financing

BurgerFi has big plans for a small-scale Anthony’s Coal Fired concept

By Heather Lalley on Oct. 12, 2021

Executives from the better burger brand, which announced a deal to purchase the casual-dining chain for $161.3 million this week, said they intend to turn a pared-down, fast-casual Anthony’s prototype into a growth vehicle.

Financing

The year (so far) in strategic restaurant acquisitions

By Jonathan Maze on Oct. 11, 2021

Led by multiple deals from Fat Brands and from BBQ Holdings, concept collectors have been busy this year.

  • Page 1