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Financing

Week One of the $29B Restaurant Revitalization Fund: $2B awarded

Initial grants averaged $125,000, draining the fund by about 7%. Industry officials have voiced fears that the pool will run dry in a matter of weeks.

Technology

Restaurants' appetite for cryptocurrency is growing

Some view digital currency as the payment of the future, and it promises better security and lower fees. But will anyone have the stomach to actually invest in it?

Financing

Applebee's, IHOP to get smaller sister formats, more virtual brands

By Peter Romeo on May 06, 2021

Parent Dine Brands Global intends to increase its development options by creating smaller prototypes and opening Flip'd units.

Workforce

Late-night labor challenges slow Denny's rebound

By Peter Romeo on May 05, 2021

Two-thirds of the chain's restaurants can't find enough workers to stay open all night, hurting its sales recovery in the process.

Workforce

Texas Roadhouse finds workers harder to come by than sales

By Peter Romeo on Apr. 30, 2021

The casual-dining operator says that labor is its biggest challenge, and it's already feeling pressure on profit margins.

Financing

The parent of Old Country Buffet and Furr’s declares bankruptcy

By Jonathan Maze on Apr. 20, 2021

Fresh Acquisitions operates a half-dozen mostly buffet brands, has closed all but six Tahoe Joe’s restaurants and plans to focus on that brand as well as a redesigned Furr’s concept.

Financing

SBA moves closer to sending out $29B in restaurant grants

By Peter Romeo on Apr. 19, 2021

A seven-day pilot program is set to begin within the next two weeks. But the agency has yet to set date to start fielding actual applications.

Financing

The story of the $100M New Jersey deli

By Jonathan Maze on Apr. 16, 2021

Your Hometown Deli, which does little business out of a single location, has a nine-figure market cap and has raised a lot of questions, says RB's The Bottom Line.

Technology

Pizza tech platform Slice raises $40M to continue growth

By Joe Guszkowski on Apr. 14, 2021

The round included existing investors Cross Creek, KKR and GGV Capital as well as newcomer 01 Advisors, a venture of former Twitter execs Dick Costilo and Adam Bain.

Technology

Pay-at-table startup Sunday launches with $24M seed round

By Joe Guszkowski on Apr. 14, 2021

The company wants to disrupt restaurant payment with QR codes that allow guests to pay faster.

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