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finance

Financing

Week One of the $29B Restaurant Revitalization Fund: $2B awarded

Initial grants averaged $125,000, draining the fund by about 7%. Industry officials have voiced fears that the pool will run dry in a matter of weeks.

Technology

Restaurants' appetite for cryptocurrency is growing

Some view digital currency as the payment of the future, and it promises better security and lower fees. But will anyone have the stomach to actually invest in it?

Parent Dine Brands Global intends to increase its development options by creating smaller prototypes and opening Flip'd units.

Two-thirds of the chain's restaurants can't find enough workers to stay open all night, hurting its sales recovery in the process.

The casual-dining operator says that labor is its biggest challenge, and it's already feeling pressure on profit margins.

Fresh Acquisitions operates a half-dozen mostly buffet brands, has closed all but six Tahoe Joe’s restaurants and plans to focus on that brand as well as a redesigned Furr’s concept.

A seven-day pilot program is set to begin within the next two weeks. But the agency has yet to set date to start fielding actual applications.

Your Hometown Deli, which does little business out of a single location, has a nine-figure market cap and has raised a lot of questions, says RB's The Bottom Line.

The round included existing investors Cross Creek, KKR and GGV Capital as well as newcomer 01 Advisors, a venture of former Twitter execs Dick Costilo and Adam Bain.

The company wants to disrupt restaurant payment with QR codes that allow guests to pay faster.

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