finance

By Jonathan Maze on Sep. 22, 2022

The Bottom Line: Shares of restaurants were hit hard on Thursday as the Federal Reserve plans more rate hikes. It’s been a tough year for the sector, overall.

Technology

Big tech supplier NCR is splitting into two companies

By Joe Guszkowski on Sep. 16, 2022

It will separate its point-of-sale and ATM businesses, concluding a strategic review and ending the possibility of a sale.

Financing

The owner of Happy Joe’s Pizza & Ice Cream declares bankruptcy

By Jonathan Maze on Sep. 15, 2022

The company, which also owns the Tony Sacco’s concept, blamed the impact of the pandemic as well as high labor and food costs.

Financing

First Watch tries a secondary IPO

By Jonathan Maze on Sep. 13, 2022

Advent International, which owns three-quarters of the breakfast-and-lunch chain's stock, will sell at least 4.5 million shares in a secondary offering.

Technology

Restaurant customer data platform Bikky raises $5M

By Jonathan Maze on Sep. 12, 2022

Equal Ventures, Gutter Capital and Version One Ventures led the round. The company offers technology that helps restaurants gather more customer data.

Premium

Financing

A brief history of Sardar Biglari’s decade-long campaign against Cracker Barrel

By Jonathan Maze on Aug. 22, 2022

The Bottom Line: The activist investor and owner of Steak n Shake has tried several times to get on the family-dining chain’s board, with no success. It’s not stopping him from trying again.

Financing