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Financing

TGI Friday's, Ruby Tuesday among chains that received PPP funds

The SBA released detailed information revealing which companies received federal stimulus dollars. Here's a look at some of the restaurants that received them.

Financing

How flexible are landlords being on rent? Not much, NYC restaurants find

Still, they're getting only a portion of restaurant rents because places just can't afford to pay, new research indicates.

Financing

PPP is extended, but is that good for restaurants?

By Peter Romeo on Jul. 01, 2020

Loans will continue to be offered to small businesses for another five weeks, but Treasury Secretary Mnuchin had raised the possibility of using the remaining funds specifically to help restaurants.

Financing

Subway is pulling back on its $5 Footlong offer

By Jonathan Maze on Jul. 01, 2020

The chain is making its “$5 Footlongs when you order two” promotion digital-only as the offer hurt operator profits.

Financing

An activist takes Potbelly to task over its stock performance

By Jonathan Maze on Jun. 29, 2020

180 Degree Capital called the company’s performance “unacceptable” even with the pandemic, says RB’s The Bottom Line.

Operations

Recent crises add to life-or-death struggles for black-owned restaurants

By Heather Lalley and Joe Guszkowski on Jun. 05, 2020

Already facing systemic damages, Black-owned restaurants face challenges with the coronavirus shutdown and now looting and violence.

Financing

Mercato Partners announces a new $90M restaurant investment fund

By Jonathan Maze on Jun. 04, 2020

Savory Fund I is designed to develop promising restaurant concepts, and has experienced operators on board to help guide the firm’s investments.

Financing

Red Robin warns of a struggle to stay in business

By Peter Romeo on Jun. 01, 2020

The casual chain's revised credit facility requires $25 million to be raised from equity, and management has aired doubts about doing it in time.

Financing

McMenamins looks for $20M equity infusion

By Peter Romeo on May 20, 2020

Proceeds from the private stock sale will be used to offset COVID-19-related debt and fund the addition of more history-laced pubs and attractions.

Financing

Luckin Coffee gets a delisting notice

By Jonathan Maze on May 19, 2020

Nasdaq notified the troubled coffee giant that it would be delisted, and the company plans to appeal.

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