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Sensing a post-pandemic opportunity, Savory invests in Crack Shack

The investment firm is taking a controlling interest in the chicken concept and says it has the money and capability to grow the chain.


As financing dries up, companies turn to crowdfunding

Equity crowdfunding becomes more popular as investments dry up but people have money to spend.

Mark Wasilefsky, head of franchise finance for TD Bank, joins the RB podcast “A Deeper Dive” to discuss COVID-19’s impact on financing.

Owner CEC Entertainment received the OK to get financing that will carry it through the bankruptcy process.

The struggling food-and-games concept has warned that it may not remain a going concern and needs cash to stay in business.

Industry job growth slowed last month, a sign that operators are not bringing back workers as capacities remain limited, says RB’s The Bottom Line.

This week’s RB podcast “A Deeper Dive” features multi-unit restaurant attorney Dennis Monroe, discussing the industry’s divergent recovery.

The Portland, Ore.-based gourmet doughnut concept shut down its eight locations amid the pandemic and is working on developing a wholesale operation, according to the filing.

The owner of Steak 'n Shake has started his fourth proxy fight against the company, having nominated Raymond Barbrick, co-CEO of franchise operator The Briad Group.

Starboard Value, which also overhauled the board at Darden Restaurants, has filed for a $300 million blank-check company, says RB’s The Bottom Line.

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