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finance

Financing

Yum Brands has a $50M deal to help finance underserved franchisees

 By Jonathan Maze on Mar. 30, 2023

The program with the investment firm Lafayette Square, called Franchise Fast Start, is designed to provide access to capital for underrepresented franchisees of KFC, Pizza Hut, Taco Bell and Habit Burger.

Financing

McDonald's board shakeup continues as two longtime directors retire

 By Jonathan Maze on Mar. 29, 2023

Robert Eckert and John Rogers, who joined the board on the same day in 2003, are retiring as part of the company's "commitment to ongoing refreshment" of its directors.

Financing

Garnett Station Partners acquires Firebirds Wood Fired Grill

By Jonathan Maze on Mar. 27, 2023

The investment firm has also recapitalized the polished-casual dining chain and plans to accelerate the brand’s development.

Financing

Founder's untimely death leaves a Popeyes franchisee in bankruptcy

By Jonathan Maze on Mar. 16, 2023

Premier Cajun Kings, which once operated 30 locations in Alabama, Georgia and Tennessee, struggled amid a difficult operating environment and declared Chapter 11 bankruptcy, seeking a buyer.

Technology

How restaurant tech became a risky business

By Joe Guszkowski on Mar. 15, 2023

Tech Check: The classic boom-bust tale began with a virus and ended with a bank run. But the bigger story is far from over.

Technology

Silicon Valley Bank rescue averts catastrophe for restaurant tech

By Joe Guszkowski on Mar. 13, 2023

The bank's collapse on Friday made for a panicked weekend for many startups, some of which feared they'd be unable to pay staff this week. Government action ended the crisis, but there could be longer-term consequences.

Financing

Inflation takes its toll as yet another company files for bankruptcy

By Jonathan Maze on Mar. 09, 2023

The Bottom Line: The filing by Burger King franchisee Meridian is the fourth major Chapter 11 this year. Other companies are facing problems, too, as margins dwindle.

Financing

Another big Burger King franchisee declares bankruptcy

By Jonathan Maze on Mar. 08, 2023

Meridian Restaurants Unlimited, which operates 118 Burger King restaurants in nine states out west, filed for Chapter 11 bankruptcy protection, blaming a combination of low sales and soaring inflation.

Financing

Sardar Biglari takes a stake in Jack in the Box

By Jonathan Maze on Feb. 27, 2023

The chairman of Biglari Holdings, the owner of Steak n Shake, has acquired 5.5% of the shares in the fast-food chain operator. But the investment is passive, for now.

Leadership

Financier Thomas H. Lee dies at age 78

By Peter Romeo on Feb. 24, 2023

Authorities say they believe the longtime financier and private-equity pioneer died of suicide.

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