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finance

Financing

Sale of The Palm commences

The families that have owned the brand since 1926 have hired a banking adviser to commence a change in ownership.

Financing

Cava Group raises another $40M

The owner of Cava Grill and Zoes Kitchen closed on its latest fundraising round last month.

Financing

The Palm goes on sale as its owners squabble

By Peter Romeo on Dec. 05, 2019

A federal judge cleared the way despite protests from one side in the fierce family battle.

Financing

The market turns in Tilman Fertitta’s favor

By Jonathan Maze on Nov. 18, 2019

With casual-dining chains struggling and few buyers to compete with, the Landry’s owner is on another buying binge, says RB’s The Bottom Line.

Financing

Labor costs and possible recession stoke fear among operators

By Jonathan Maze on Nov. 14, 2019

At the Restaurant Finance & Development Conference, a sense of concern about the state of the economy prevailed, even as technology provides opportunities, says RB’s The Bottom Line.

Financing

Outback’s owner puts itself up for sale

By Jonathan Maze on Nov. 06, 2019

Bloomin' Brands said its stock price doesn’t reflect its performance and that it is exploring strategic alternatives, sending shares soaring.

Topics

Dine Brands unpacks Applebee’s, IHOP Q3 results

By Peter Romeo on Nov. 04, 2019

The assessments differ—in an unexpected way.

Financing

Chick-fil-A’s U.K. test location will not get a new lease

By Jonathan Maze on Oct. 18, 2019

The six-month pilot location, a test of its international expansion strategy, will reportedly lose its lease amid pushback from LGBTQ activists.

Financing

Mall developer buys a piece of Pinstripes

By Peter Romeo on Oct. 14, 2019

As part of the deal, Simon Property will provide the food and entertainment chain with leases to three locations, with more to follow.

Financing

Hooters operator is getting into the drug business

By Jonathan Maze on Oct. 11, 2019

Chanticleer Holdings is merging with a biotech company that develops cancer drugs and plans to spin off its restaurants.

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