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Financing

Sweet Chick gets $5M from Chopt’s parent company

Founders Table Restaurant Group, which also owns Dos Toros, will help the five-unit chicken-and-waffles concept grow in New York City, Los Angeles and beyond.

Financing

A recession is looking a lot more likely

A growing number of analysts and executives expect the economy to slow down or contract as the U.S. Federal Reserve raises rates. Here’s what it means for restaurants.

The fast-growing, 30-unit plate lunch concept said Templeton will focus on fundraising to help the brand grow.

In a significant reversal of its pandemic struggles, the owner of 17 full-service restaurants and an equal number of quick-service ones said it had a great quarter and is looking at adding another concept to its fold.

Stocks plunged once again amid economic worries after Target reported poor results. Restaurant stocks were hit particularly hard.

Restaurant Rewind: Dutch Bros’ stock price dropped 37% in a day last week. It’s far from the only public restaurant chain to go from an investor darling to a source of Wall Street consternation in one trading day. This week’s edition looks at two other examples.

The health-focused chain’s founder, Matthew Corrin, becomes executive chairman, while Victor Diab joins the Toronto-based brand as CFO.

The company has not paid for months’ worth of work done on its delivery-only food trailers, JLL alleged.

The plant-based burger concept will use the money to beef up its C-suite and fuel its expansion, CEO and founder Pinky Cole said.

Sales are up, but inflation and supply chain issues continue to cause stress for smaller, publicly traded restaurant chains.

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