More small restaurant chains file for bankruptcy

Melt Bar & Grilled, an Ohio chain that was featured on the Food Network and the Travel Channel, joins the Chicago concept Kuma’s Corner and other small chains running into post-pandemic financial problems.


Facing delisting, AI supplier Presto pursues a reverse stock split

The tech company is hoping to raise its share price to avoid being booted from the Nasdaq stock exchange.

The tech company will use the financing to expand its technology, which includes online ordering, payments and loyalty.

Three partners and a small group of employees are determined to keep the 50-year-old beachfront restaurant alive, risking everything with the hope of making history.

Jeff Crivello has been buying up brands like Cowboy Jack's this year. He is now turning to the two struggling fast-casual chains after acquiring their debt, giving him a good chance to buy both.

Top 500: It was one of the fastest growing fast-casual chains in 2023 and sales nearly doubled. But is the hot chicken chain growing too fast?

Resources and management's attention will be focused on a rejuvenation of the company's namesake brand, whose traffic is down 20% year to date, executives told Wall Street Thursday.

The whole business securitization Roark Capital is using to finance its acquisition of the sandwich giant is reportedly the largest on record.

A law enacted this week bans hidden fees but allows restaurants to continue levying surcharges if customers get a heads-up and the money goes to employees.

The Bottom Line: The role a giant sale-leaseback had in the bankruptcy filing of the seafood chain has drawn more criticism of the investment firms' financial engineering. The criticism is well-earned.

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