finance

Financing

U.S. restaurant chains should pay close attention to Asian upstarts

The Bottom Line: While rapidly growing Mixue and Luckin Coffee have a long way to go before they surpass the biggest U.S. restaurant chains on a sales basis, their models should serve as a wake-up call.

Financing

On Wall Street, investors bet on fast food

The Bottom Line: Restaurant stocks have taken a big hit this year, along with most of Wall Street, brought on by economic uncertainty and the threat of tariffs. Large, quick-service companies are the exception.

Working Lunch: This week's political podcast features a conversation with Brennan Duckett, who has become the point man in the national effort to push back on credit card fees that are bleeding restaurants dry.

The bowling-and-bocce restaurant chain has seen sales plummet and recently said it was not meeting its loan covenants. The company just received a $7.5 million loan to fund operations.

The casual-dining Mexican chain had closed more than a dozen restaurants across the country in recent days.

Authentic Restaurant Brands also named Alex Macedo CEO and Jon Howie CFO as its holdings reach $1 billion in annual revenue.

Company officials declined to comment on the roughly $1 billion reported deal, but it would add to the investment firm's already restaurant-rich portfolio.

The long-defunct Mexican casual-dining chain is working to raise $3.5 million through crowdfunding as it plans to open two restaurants this year and set up a franchising program.

The fast-casual salad chain has received a $200 million investment from a group led by Wellington Management.

The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years.

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